Bed Bath Beyond Bet on China and Lost: After Kicking Mike Lindell’s MyPillow to the Curb, Chain Losing Money and Closing Stores

(JD Heyes) U.S. corporations who are prostituting themselves out to China are learning the hard way that choosing the communist regime over American-based businesses just because they don’t like their politics is a costly mistake.

Related Mike Lindell Issues Challenge to Banks Allegedly Trying to Cut All Ties with Him

Source – Natural News

by JD Heyes, January 19th, 2022

Barack Obama was every bit as polarizing a figure as Donald Trump, but the difference was most CEOs are no longer Republicans, they are hard-left constituents of the Democratic Party, so Obama’s extremism was excused and even rewarded.

Not so with Trump, a billionaire businessman who is a lot more like those CEOs than Obama, a Marxist demagogue who never ran a company or started a business. So, in order to show fealty to their Democratic soulmates, corporate CEOs went out of their way to punish him and anyone who is associated with him, because they must prove their ‘wokeness’ in order to remain ‘in’ with the ‘cool kids’ in D.C. (and not be called names on social media).

Bed Bath & Beyond is one such corporation that decided to ‘punish’ one of Trump’s staunchest allies, MyPillow founder and CEO Mike Lindell.

As Lindell tried to alert the country to the massive vote fraud that took place during the 2020 election, in which Trump’s reelection was blatantly stolen from him, the ‘MyPillow guy’ was portrayed by the lamestream media as some sort of ‘out there’ kook who was only trying to sow division and conflict. As such, retail chains that carried his products — like Bed Bath & Beyond — dropped them and instead threw in with the ChiComs to make up the difference in inventory and sales.

Yeah, not a great idea.

The retailer dropped MyPillow in January 2021, but now, a year later, the company is smarting, economically.

“In their latest quarterly results, the retailer announced a ‘lack of inventory’ cost them $100 million,” Big League Politics reported, adding: “They could have stocked their shelves with MyPillow products, but they decided to get political.”

Lindell’s operation is based in Minnesota — not Beijing or Shanghai.

CNBC noted the chain’s difficulties:

The retailer faces big challenges ahead as it works to turn around its business. Chief Executive Officer Mark Tritton has laid out a plan to revamp stores, add private label products and close underperforming locations. It’s also launched an online marketplace to work with third-party sellers and compete with the likes of Amazon and Walmart.

But in the latest quarter, Bed Bath’s progress was held back by a lack of inventory due to supply chain bottlenecks that cost it about $100 million, Tritton said. Issues escalated during December, he said, despite strong consumer demand in its stores and online during the holidays.

Tritton has also announced that the chain will close 37 stores with an eye to shutter as many as 200 this year — all because of politics.

As a double whammy, a shortage of paper products also led the retailer to cut out direct mailers, which are huge draws to the chain’s physical outlets.

But none of this is going to get better for Bed Bath & Beyond, or most other U.S. retail chains, anytime soon: As long as the globalists continue to exploit the COVID pandemic, there will be shortages of workers all up and down the supply chain, which Joe Biden’s regime is doing nothing to help solve.

Also, China — where this virus started — is having more of the same supply issues: The authoritarians who run that country mandate closures and lockdowns at ports and factories if someone so much as tests positive for COVID, which is only making our supply chain worse.

A message from our president to “buy American” would go a long way towards solving Bed Bath & Beyond’s inventory issues. Too bad for them and for the country Biden won’t do it.

That would make him sound too much like Trump.

Stillness in the Storm Editor: Why did we post this?

The news is important to all people because it is where we come to know new things about the world, which leads to the development of more life goals that lead to life wisdom. The news also serves as a social connection tool, as we tend to relate to those who know about and believe the things we do. With the power of an open truth-seeking mind in hand, the individual can grow wise and the collective can prosper. 

– Justin

Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.

---

Stillness in the Storm Editor’s note: Did you find a spelling error or grammatical mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.

Source:

https://www.naturalnews.com/2022-01-19-bed-bath-beyond-bet-on-china-and-lost.html