Bellevue, Wash. – The aggressive cost cuts made by locally based drugstore.com 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.
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