Bath & Body Works is the latest retailer to trim its profit forecast for the year as inflation pressures the industry on both sides of the business.
Telsey Advisory Group analysts led by Dana Telsey said of the spending, “We view these investments as prudent given its strong leadership position in the space, allowing Bath & Body Works to not only enhance its operational capabilities, infrastructure, and customer experience, but also explore new innovative categories and businesses to drive longer-term growth.”
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