40 annotations
We have continued to offer terrific value and things like our BCG brand and the Academy chair and wagon, which are terrific values for our customer. But the addition of [indiscernible] and Magellan Pro have added to the strength of our private brand and continue to fill niches that really we didn't have in our assortment.
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2022 Q2
18 Sep 22
they're being more active and they're interested in experience
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2022 Q2
18 Sep 22
We've seen a lot of pullback in promotions over the past two years versus where we were in 2019 and prior.
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2022 Q2
18 Sep 22
shelves full, people in stock.
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2022 Q2
18 Sep 22
that's going to probably incentivize people to be a little more promotional earlier on
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2022 Q2
18 Sep 22
until parallel becomes a greater piece of the mix, we should a margin benefit from that and private label exactly.
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2022 Q2
18 Sep 22
we still haven't gotten the full impact from a normalized merchandise mix. It's hard good to still outperforming to where it has performed historically in '18and '19.
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2022 Q2
18 Sep 22
our inventory in dollars is up 8% versus ’19, down 12% units, which obviously implies a higher average unit cost. When we break that down, the biggest chunk of that is mix change having more inventory in the higher ticket things, outdoor, sports and rec.
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2022 Q2
18 Sep 22
it's better than we planned it
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2022 Q2
18 Sep 22
that was really the cause of the headwind. It wasn't due to container costs or anything like that. It's the penetration of private label, which grew.
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2022 Q2
18 Sep 22
The headwind was really related to the increase in private label penetration, which is a good thing.
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2022 Q2
18 Sep 22
When we open a new store, the mix quite frankly usually starts out on the hard lines of the store as people learn about us and then the soft lines catch up.
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2022 Q2
18 Sep 22
mix helps out a little bit as the soft goods side of the business becomes a bigger percentage of the total
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2022 Q2
18 Sep 22
our private label business was better in the quarter
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2022 Q2
18 Sep 22
the primary driver of the delta between inventory dollars and units versus 2019 is the increase in bigger ticket hard goods categories as part of our inventory and sales mix.
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2022 Q2
18 Sep 22
We ended the second quarter of inventory up 17% versus last year, only up 8% versus 2019 in terms of dollars and down 12% units.
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2022 Q2
18 Sep 22
Both.
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2022 Q2
18 Sep 22
normalization of inventory levels impacting clearance or would it be promotional normalization in the marketplace
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2022 Q2
18 Sep 22
it could be 100 to 200 basis points of give back from greater promotion
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2022 Q2
18 Sep 22
We believe there could potentially of the 500 basis point roughly gain that we've had.
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2022 Q2
18 Sep 22