Meaning of “destock” in the English Dictionary

"destock" in Business English

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destockverb [ I or T ]

uk /ˌdiːˈstɒk/ us

COMMERCE to reduce the amount of stock (= goods kept available to sell), or the amount of materials for making new products:

Retailers will be destocking previous versions of the product in the months before the new version is launched.
noun [ U ]

Cosmetic companies are claiming that destocking by retailers is to blame for their poor financial results.

(Definition of “destock” from the Cambridge Business English Dictionary © Cambridge University Press)