Hey! Thanks for reaching out and great question.
If you are wanting to remove stock history and sales, then, yes, you will need to delete and recreate your item library. You can do this in bulk by exporting your item library, erasing the item token column, and importing it again by replacing item library.
Another thing you can do if you just want to stop low stock alerts is to manually turn off the alerts and item stock tracking on the edit item screen.
Let me know if this helps or if I can answer your question in a different way. I appreciate your time, and thanks!
