Beyond Will Be Profitable in Quarter Never of 2025 - This Place is Doomed
One fork incoming at Beyond. When a company says they are "absolutely 100% behind the issues" it means they are absolutely 100% not behind the issues.
Marcus Lemonis the grifter has no business in retail. The machinations between Beyond and Bed Bath and the zombie companies it's partnered with are too complex to even keep track of anymore.
Q4 revenue fell 21%. Company - which btw is a dropship model - just slashed SKUs in half to 6 million, while cutting vendors. The company lost $259 million last year.
Someone want to mention to them that this is a death spiral for a marketplace? You are supposed to want to expand selection. This is not a new super-secret "reverse-Amazon flywheel" framework that only Mr. Lemonis know about.
What's more, Beyond might have a "few profitable months" sometime this year. Again for the record. Similar to Flexport (like how I slipped them in here for no apparent reason) and their stupid "fortress balance sheet" when someone tells you they are definitely going to be profitable in the "second half of the year", you might was well replace the word year with "never."
Many well-meaning analysts are making nice-sounding noises humoring Mr. Lemonis. Why, I truly have no idea.
But oh wait, grift, I mean blockchain to the rescue. The company wants to create a blockchain for its customers to store its real estate assets.
Hello, 2017 called and wants its grift back. A memecoin might be a better path to success.
Someone please put a silver bullet into the previously halfway-venerable brand. At least it will keep the werewolves at bay.
Wait a minute..... "wolfcoin" sounds like a fantastic revenue idea.
No one tell Lemonis.
