Gustavo Arnal.Photo: Bed Bath & Beyond
Bed Bath & Beyond Chief Financial Officer Gustavo Arnal died on Friday, the company and police confirmed.
The 52-year-old executive was found “unconscious and unresponsive” around 12:30 p.m. ET, according to a New York City Police Department report provided to PEOPLE.
Bed Bath & Beyond confirmed his death in astatementfrom Harriet Edelman, Independent Chair of the company’s board of directors.
Edelman said Bed Bath & Beyond would focus efforts on Arnal’s “family and his team,” and the company’s “thoughts are with them during this sad and difficult time.”
A Bed Bath & Beyond store sign.Michael M. Santiago/Getty Images
Per the company’s press release, the retailer’s same-store sales are down approximately 26 percent compared to the same fiscal quarter last year.
Bed Bath & Beyond previously closeda total of 40 locations nationwidein the first half of 2020.
“We’re continually evolving to serve our loyal Bed Bath & Beyond customers better — whether they come to us at one of our 900+ stores or are one of the millions who shop with us online each year,” a spokesperson said at the time.
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In mid-August, Arnal sold 55,013 shares in the company for about $1.4 million, according to Reuters.
In a statement to Reuters, Bed Bath & Beyond said it was “in the early stages of evaluating the complaint, but based on current knowledge the company believes the claims are without merit.”
source: people.com
