https://apnews.com/d620620227c44a0b326a434e7c8831ec

Shares of Bed Bath & Beyond moved sharply higher at the opening bell Wednesday after executives rolled out a raft of initiatives to turn the struggling chain around.

Six weeks after using the company's own dismal quarterly results as motivation for change, new CEO Mark Tritton said late Tuesday that Bed Bath & Beyond would spend $1 billion this year reinvesting in stores, upgrading technology, and on debt reduction and share buybacks.