Funko to send $30M+ worth of products to the dump eliminate excess inventory
PITTSBURGH (KDKA) -- It appears a popular brand of pop culture collectives is struggling to sell off a product surplus.
The company says it will send around $30 million to $36 million worth of inventory to the dump.
Funko acknowledged the problem to investors on a recent earnings call.
The manufacturer said its inventory is up 48% compared to one year ago.
Warehouse shelves are so full that the company admitted to renting storage containers for the excess.
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