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Retail Traffic to endure until 2004

Bellevue, Wash. – The aggressive cost cuts made by locally based during the past year will allow it to continue operating at least until 2004. Earlier this year, the company cut nearly 30% of its work force and scaled back its marketing expenditures.

The e-retailer’s CFO Bob Barton says the company now has approximately $101 million in the bank and expects to turn a profit some time in 2004.

TAGS: Retail
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