Companies including Bed Bath & Beyond, Michael's, Victoria's Secret parent L Brands and DKNY owner G-III Apparel Group are looking like better and better investments in 2020, according to industry analysts.
and Target, which sell many of the same goods. One of Tritton's focuses is expected to be launching more private label brands.
Bed Bath & Beyond shares are up about 40% over the past 12 months, trading around $16.70. Shares hit an all-time high of $80.82 on Jan. 3, 2014. The company is valued at $2.1 billion. Buchanan joined Walmart in 2007 and moved from chief merchandising officer at Sam's Club to become chief merchandising officer for Walmart's U.S. e-commerce business,Michael's is trying to avoid the fate of rival arts and craft store A.C. Moore, which is in the process of shuttering all of its locations. It could really use some help getting the right products on shelves, analysts have said. The hope is Buchanan can bring what he learned at Walmart over to the craft chain.
G-III has said one of its top priorities is to close stores. As of Jan. 31, 2019, the company said it operated 139 Wilsons Leather stores, 111 G.H. Bass stores, 42 DKNY stores, 11 Karl Lagerfeld Paris stores and 5 Calvin Klein Performance stores.
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