Bed Bath & Beyond's founders admit their biggest mistake: 'We missed the boat on the internet'

Fri, 01/27/2023 - 16:05

bed bath and beyond — As Bed Bath & Beyond faces potential bankruptcy, the company's founders admit that they underestimated the power of the internet.
Chris Hondros/Getty Images

Bed Bath & Beyond's founders say they "missed the boat on the internet."
Warren Eisenberg and Leonard Feinstein made the admission in a Wall Street Journal article Friday.
Eisenberg and Feinstein expected shopping to remain "a social thing to do" and avoided e-commerce.

Bed Bath & Beyond founders Warren Eisenberg and Leonard Feinstein were ahead of the times when it came to selling designer sheets and other types of home goods.