Bed, Bath & Beyond stock collapses by 36% after Mike Lindell canceled
Retail chain suffers biggest 1-day loss ever amid boycott supporting 'MyPillow guy'
By Art MoorePublished January 28, 2021 at 5:38pm
Shoppers at a Bed, Bath & Beyond are informed of a boycott against the chain. (Courtesy photo)
Amid a boycott in response to its politically motivated decision to drop Mike Lindell's MyPillow products, shares of Bed Bath & Beyond plunged 36.4% at the close of trading Thursday.
The retail chain suffered its biggest one-day loss since going public in June 1992.The consumer organization Media Action Network launched the boycott of Bed, Bath & Beyond after the retail chain stopped selling Lindell's products due to his support of President Trump's claim that fraud affected the outcome of the 2020 election. Retailers Wayfair and Kohl's also have stopped selling MyPillow products.
Lindell, famous for his TV ads, employs more than 1,500 people at his Minnesota plant. He recounted to WND last May the remarkable transformation in his life through his faith in Jesus Christ.
https://www.wnd.com/2021/01/4888545/
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