Bed Bath & Beyond appoints Williams-Sonoma vet to lead private label team

Bed Bath & Beyond Inc. announced Monday that it has appointed Neil Lick to the senior vice president of owned brands role, leading a new team that will start launching private labels in 2021 for the home retailer. Lick previously spent 22 years with Williams-Sonoma Inc. where he held a number of roles, including head of corporate social responsibility. Analysts are optimistic about the opportunities available for Bed Bath & Beyond moving forward, despite the company's most recent earnings miss. Bed Bath & Beyond stock rose 2.3% in Monday premarket trading, but has slumped 52.6% for the year to date. The S&P 500 index is down 1.4% for 2020 so far.