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MyPillow CEO says a delayed advertising campaign contributed to an inventory glut.
The company's retail division, including Cub Foods, continued to struggle.
Departure of the chief creative officer follows that of the top marketer in an apparent shift.
Congressional negotiators on Tuesday inched toward a potential agreement on a catchall spending bill that would deny President Donald Trump's request for immediate funding to construct a wall along the Mexico border. The emerging measure would increase the defense budget and eliminate the threat of a government shutdown on Trump's 100th day in office this Saturday.
A federal judge on Tuesday blocked President Donald Trump's attempt to withhold funding from "sanctuary cities" that do not cooperate with U.S. immigration officials, saying the president has no authority to attach new conditions to federal spending.