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Getty Images Starting a business that charges lower prices and that however counterintuitively provides a better product, service, or experience is a successful entrepreneurial strategy. Like Uber with taxis. Aldi and grocery stores. Amazon and, well, everything. Add Mark Cuban and his just-launched Mark Cuban Cost Plus Drug Company, a pharmaceutical company that plans to make less expensive versions of selected (read: expensive) generic drugs. The company s first drug will be a generic version of albendazole, an antiparasitic drug used to treat hookworm. Treated early, two tablets will treat the infection; left untreated, cognitive defects and neurological problems can result. ....
Executing on Strategy; Delivering Consistent Sales and EBITDA Growth 2 +5% comparable sales growth on core Bed Bath & Beyond banner 1; + +94% digital comparable sales growth on core Bed Bath & Beyond banner; +77% digital comparable sales growth on total enterprise +11% comparable sales growth in Top 5 destination categories combined (as referred below), representing 2/3 of core Bed Bath & Beyond banner sales; Market share gains in destination Bed category, with improving trends in Bath and Kitchen categories +2.2 million approximate new online customers gained by core Bed Bath & Beyond banner during the fiscal 2020 third quarter; +7 million approximate new online customers year-to-date +340bps expansion in Gross Margin; +310bps expansion in Adjusted Gross Margin ....
Bed Bath & Beyond Inc. sells Cost Plus World Market - Triad Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Justin Sullivan/Getty Images Bed Bath & Beyond is rising early Tuesday, a day after it announced it would sell Cost Plus World Market, its last non-core brand. Bed Bath & Beyond (ticker: BBBY) said that private-equity firm Kingswood Capital Management was buying the store chain for an undisclosed amount; the deal is expected to close before Bed Bath’s fiscal year ends in February. In addition, Bed Bath announced a new $150 million accelerated share repurchase program. It will be added to the $225 million buyback plan launched in October, which it has largely funded from noncore asset sales. The shares closed down in regular trading Monday, but are up 1.9% to $19.23 at recent check. Bed Bath has gained more than 9% year to date, rising nearly six-fold from its lows in March. ....