Rocky Mountain Chocolate Factory Says Right Sizing Brick-And-Mortar Footprint By Eliminating 25-35 Underperforming Stores
Portfolio Pulse from Benzinga Newsdesk
Rocky Mountain Chocolate Factory (RMCF) plans to eliminate 25-35 underperforming stores as part of its strategy to right-size its brick-and-mortar footprint.
May 24, 2023 | 11:37 am
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RMCF's decision to close 25-35 underperforming stores may lead to short-term cost savings and improved operational efficiency.
The decision to close underperforming stores is likely to have a positive short-term impact on RMCF's stock price. Closing these stores can lead to cost savings, improved operational efficiency, and a more focused retail strategy. This may attract investors and boost the stock price in the short term.
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