Business
Build-A-Bear Stock Prices Slump 23% After Company Cuts Outlook
Build-A-Bear Workshop said its summer line didn’t resonate with customers and it isn’t renewing a major partnership with Walmart WMT 0.45%increase; up pointing triangle.
The retailer cut its outlook for the second time this year and fired its chief growth officer after logging disappointing revenue and traffic in the second quarter. The lower guidance reflects the end of a multimillion-dollar partnership with Walmart, as well as a tepid response to the company’s experimental summer-themed products.
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