Bath & Body Works, Inc. is a prominent retailer in the personal care and home fragrance industry. The company boasts an extensive retail store network and an online presence, offering a diverse range of products. Their product line encompasses body care essentials such as soaps, lotions, and perfumes, as well as home fragrance items like candles and diffusers.
Regarding the removal of Bath & Body Works, Inc. from the S&P 500 index in 2024, this decision likely resulted from a combination of factors. These factors could include changes in the company's financial performance, market capitalization, or sector classification. The S&P 500 index aims to represent the large-cap U.S. equity market, and companies must meet specific eligibility criteria, including minimum market capitalization and liquidity requirements. When a company no longer satisfies these criteria, it may be removed to accommodate other companies that better align with the index's objectives. The index provider, S&P Dow Jones Indices, makes these decisions based on their established rules and guidelines.