Bed, Bath & Beyond Stock Soars As GameStop Chairman Reveals Stake

Bed, Bath & Beyond (BBBY) – Get Bed Bath & Beyond Inc. Report Shares soared Monday after an investment group backed by GameStop (GME) – Get GameStop Corp. Class A report chairman and Chewy.com founder Ryan Cohen, revealed a 10% stake in the home furnishings retailer.

RC Ventures LLC wants Bed, Bath & Beyond to consider several strategic alternatives to boost the value of its shares, which have fallen 36% over the past six months, including the sale of the group’s stand-out buybuyBaby division, which posted solid comp sales growth and a 35.9% gross margin over three months ending in December.

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