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within the October period, there was a dramatic change in the pace of our sales
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2022 Q3
28 Nov 22
comparable sales grew 2.8% in August, rose to 4% in September and decelerated to 0.9% in October
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2022 Q3
28 Nov 22
we benefited from a 1.3% increase in average ticket. Among our sales channels, stores continue to drive our growth as we saw a 3.2% increase in store comparable sales in Q3 on top of nearly 10% growth a year ago
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2022 Q3
28 Nov 22
Traffic continues to be an important driver of our growth, having expanded 1.4% in Q3 on top of nearly 13% growth a year ago.
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2022 Q3
28 Nov 22
the percent of our inventory units in discretionary categories was 8 percentage points lower than at the end of Q2 and lower than in 2019 as well
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2022 Q3
28 Nov 22
unexpectedly rapid acceleration in the global supply chain
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2022 Q3
28 Nov 22
add cushion to our lead times
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2022 Q3
28 Nov 22
this year’s number represents an approximate 50% increase from three years ago, a deceleration from three-year growth of 68% as of the end of the second quarter. Of the dollar increase in our inventory since 2019, about two-thirds or $3.9 billion is aligned with our sales growth over that same three-year period. The remaining one-third or about $1.8 billion is new inventory that’s arrived early relative to when it would have been received in pre-pandemic years.
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2022 Q3
28 Nov 22
increase in the number of team members who are looking to pick up extra hours and an 18% increase in applicants for seasonal positions compared with a year ago
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2022 Q3
28 Nov 22
domestic transportation rates have come down since the beginning of the year, but remain higher than a year ago and double the rates we were facing in 2019
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2022 Q3
28 Nov 22
they remain about 3 times higher than we were paying in 2019
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2022 Q3
28 Nov 22
Container rates in global shipping have come down by about one-third in recent months, and we’ll realize that benefit in 2023 as we renegotiate our staggered contracts with shipping partners.
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2022 Q3
28 Nov 22
we saw improvement across multiple dimensions of our transportation costs in the quarter, even as those costs remain above pre-pandemic levels
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2022 Q3
28 Nov 22
by early November of this year, nearly 90% of our key Q4 programs had already moved into our distribution centers and stores. In contrast, last year, just over half our key programs were in the network as of the same time frame
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2022 Q3
28 Nov 22
the acceleration was faster than we expected, causing many overseas orders to arrive earlier than needed
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2022 Q3
28 Nov 22
compared with the second quarter, lead times improved by about 15% in Q3, and we’re more than three weeks shorter than a year ago
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2022 Q3
28 Nov 22
Ulta Beauty at Target, we’ll have opened another 250 locations this year and now have more than 350 locations open across the chain
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2022 Q3
28 Nov 22
Apple, we’ve more than tripled the number of shop-in-shops since last year
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2022 Q3
28 Nov 22
We’ve added nearly 50 Disney shop-in-shop experiences this year, bringing the total to well over 200 of these shops across the country.
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2022 Q3
28 Nov 22
owned brands continue to outperform their national brand counterparts, growing at double the rate of the total enterprise in the third quarter
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2022 Q3
28 Nov 22