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Bed Bath & Beyond turnaround strategy not practical, says Chewy co-founder

Bed Bath & Beyond turnaround strategy not practical, says Chewy co-founder

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Chewy Inc. (NYSE: CHWY) shares are up 2.91% after following reports that the online pet-offerings retailer’s co-founder, Ryan Cohen, is pushing Bed Bath & Beyond Inc. (NASDAQ: BBBY)  to streamline its business strategy and consider other strategic alternatives.  Cohen has a 9.8% stake in the houseware retailer.

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