Bed Bath & Beyond Taps Target’s Top Merchant as Its New CEO (2)

Bed Bath & Beyond Inc. named Target’s head merchant Mark Tritton as its new chief executive officer as the home-goods retailer seeks to reverse a deep sales slump.

• Tritton will take over from interim CEO Mary Winston starting on Nov. 4. Target, where he was chief merchandising officer since June 2016, simultaneously announced his resignation.

Key Insights

• Tritton was the architect of Target’s development of more than 30 new private brands in areas like apparel and home decor, which have helped the cheap-chic retailer regain its footing. Bed Bath & Beyond said he was instrumental in helping fuse Target’s in-store ...