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we have seen delinquencies rising gradually, and they are now above pre-pandemic levels
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2023 Q2
16 Sep 23
we do see softness across the income cohorts, but the higher income cohorts are performing, better than obviously the lower
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2023 Q2
16 Sep 23
Traffic has both - across both banners has been softer. What's what we've seen strength in is in conversion and spend per customer.
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2023 Q2
16 Sep 23
macroeconomic pressures impacted demand across all customer segments in the third quarter, with the most significant impact in the lowest income groups
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2022 Q3
14 Dec 22
clearing through excess inventory to exit the year with healthy inventory levels and mix
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2022 Q3
14 Dec 22
Our forecast assumes that EBIT margin improvement for the year will be driven by SG&A leverage, with gross profit roughly flat for the full year.
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2022 Q3
14 Dec 22
we are also working to improve merchandise margins by leveraging advanced analytics to identify customer needs, improve our assortment, increase promotional effectiveness, and optimize markdowns. We saw the benefits of this work in the first half of the year and expect to deliver additional merchandise margin improvements once we are past the clearance markdown pressure this year.
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2022 Q3
14 Dec 22
this clearance activity pressures margins in the near-term, the impact is in line with our expectations and consistent with the outlook we shared with you last quarter
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2022 Q3
14 Dec 22
this clearance activity pressures margins in the near-term, the impact is in line with our expectations and consistent with the outlook we shared with you last quarter
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2022 Q3
14 Dec 22
Men's and women's apparel, shoes and designer had the strongest growth in the quarter versus last year.
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2022 Q3
14 Dec 22
we have some cleanup to do still here in Q4, but we see that entering 2023 in a real healthy and clean inventory position to where we'll get the mix that we want
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2022 Q3
14 Dec 22
We're also on track with our plans to clear through excess inventory
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2022 Q3
14 Dec 22
Consistent with the second quarter, items with lower AURs underperformed higher AUR items.
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2022 Q3
14 Dec 22
the low end of our guidance assumes that the softer sales trends from late October and early November return, and promotional activity in the sector increases above what we've seen to date. The high end of our guidance assumes that holiday sales will accelerate year-over-year as we approach Christmas, in line with pre-pandemic shopping behavior, and that promotional levels in the sector are consistent with what we've seen to date.
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2022 Q3
14 Dec 22
We continue to expect an elevated promotional environment across retail in the fourth quarter. Taking these factors into consideration, we are reaffirming our 2022 financial outlook.
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2022 Q3
14 Dec 22
sales softened in late October and early November, but improved in the last two weeks
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2022 Q3
14 Dec 22
sales decelerated in late October and early November, particularly in geographies with unseasonably warm weather. In the last two weeks, however, sales trends have improved.
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2022 Q3
14 Dec 22
clearing through product that customers are not responding to, and focusing on the fashion and newness they want.
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2022 Q2
5 Sep 22
our sales to inventory spread improved in the second quarter, we are reducing our sales plans and inventory levels in the second half of the year.
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2022 Q2
5 Sep 22
the actions we’re taking to clear through excess inventory in the second half of the year.
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2022 Q2
5 Sep 22