Beyond ‘remains in the red’ as it prepares to relaunch Zulily

Quick Summary:

The company said it hit its Q2 revenue target and improved its bottom line, but sales are in decline.

A Bed Bath and Beyond sign on a former store.Beyond Inc.said it has achieved two-thirds of its goal of reducing fixed expenses by $45 million on an annualized basis.

The company hit its Q2 revenue target and improved the bottom line by about 25%, Lemonis said.

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Article Details

Author / Journalist: Nate Delesline III

Category: Business

Markets: United States

Topics: Million Improved Bottom Year Customer Revenue Bath Zulily Overstock Line Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 12:37:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 21859980

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