Can Stanley Black & Decker Kill 70,000 Products Without Feeling the Impact?
Stanley Black & Decker's (NYSE: SWK) stock has fallen on hard times, now down over 50% from its 2021 high-water mark. There are a number of problems being dealt with, but one notable issue is a need to lower operating costs. In an effort to facilitate cost savings, the company is slimming down the number of products it produces by around 70,000. Here's why that shouldn't be as big an issue as it sounds like it should be.
The name Stanley Black & Decker is itself the amalgam of Stanley Works and Black & Decker, two venerable tool brands. Add to this pair iconic brands like DeWalt, Craftsman, Bostitch, Mac Tools, Lenox, and Irwin, among others. In all, this industrial company is simply a giant in the tool business that was cobbled together through acquisitions over time.
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Source Fool.com
