Recently bankrupt company slashes HALF its stock after losing millions of dollars in 2024
Although Bed, Bath and Beyond recently emerged from bankruptcy, the struggling chain has been forced to cut its product offerings in half. The bathworks company lost $259 million last year, including a dismal 21 percent slide in sales in the last quarter. Bosses told investors on Tuesday that the company is cutting the number of items offered from 12 million to six million. Retail experts say that carrying fewer items can significantly cut the company's costs by reducing transportation, storage, and stock expenses.
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