Baby Bunting (ASX:BBN) recently disclosed that their total sales growth over the past six weeks presented a fall of 4.0%.

The company also revealed its plans to open five fresh stores in the financial year of 2024.

This expansion will include three new outlets in New Zealand and two in Australia.

Over the same six-week period, the firm’s comparable store sales also displayed a descent of 9.0%.

Besides, Baby Bunting (ASX:BBN)also mentioned its pursuit of initiatives that will back net cost reductions out of the group’s current cost base.

These reductions are estimated to be in the range of A$6 million to A$8 million for FY24.

The company also stated that it is holding the appropriate levels of inventory with minimal seasonal and clearance stock.

Baby Bunting is an Australian company specializing in infant products, including toys, clothes, and care equipment.