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Bluemercury, we realized the 10th consecutive quarter of comparable sales growth.
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2023 Q2
16 Sep 23
But what we did see is that the speed of those delinquencies across all age balances -- or aged balances actually accelerated after Q1, and that occurred primarily in June and July.
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2023 Q2
16 Sep 23
During the quarter, credit card revenues declined 130 basis points or $84 million year-over-year to $120 million and represented 2.3% of net sales. We experienced an increased rate of delinquencies within the credit card portfolio across all stages of aged balances.
While we had expected delinquencies to rise as part of our normalizing credit environment, the speed at which the increase occurred for us and the broader credit card industry since our first quarter earnings call was faster than planned.
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2023 Q2
16 Sep 23
For fiscal 2023, we now assume net sales of $22.8 billion to $23.2 billion. Comparable sales on a 52-week owned-plus-licensed basis to be down about 7.5% to down 6% to last year.
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2023 Q2
16 Sep 23
For fiscal 2023, we now assume net sales of $22.8 billion to $23.2 billion. Comparable sales on a 52-week owned-plus-licensed basis to be down about 7.5% to down 6% to last year.
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2023 Q2
16 Sep 23
improvements have been strongest at Bloomingdale's and Bluemercury, potentially indicating a further bifurcation of customer behavior by income tier
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2023 Q1
8 Jul 23
The decline was most pronounced at Macy's, which has the largest exposure to the lower and middle income consumer with roughly 50% of its identified customers and an average household income of $75,000 or under and about 85% at $150,000 or under.
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2023 Q1
8 Jul 23
what we saw in the month of May, though was a separation of the trend, the improvement in the trend at both Bluemercury as well as Bloomingdale's
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2023 Q1
5 Jul 23
So what they're doing is they're buying, less units. They're buying with the higher AUR, so the basket size is about the same.
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2023 Q1
5 Jul 23
what you see across all of our customers is basically an increase in AUR about the exact same - basket size is what they had in their visits last year
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2023 Q1
5 Jul 23
As we've reported in past quarters, we're not seeing a trade down not yet.
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2023 Q1
5 Jul 23
When you look at the recent trends in the month of May, you definitely saw a bounce back across nameplates, but most pronounced when you look at Bloomingdale's and Bluemercury.
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2023 Q1
5 Jul 23
Now in the month of May, we have seen slightly better trends than what we saw coming out of April.
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2023 Q1
5 Jul 23
Quarter-to-date, demand trends have accelerated from April across nameplates.
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2023 Q1
5 Jul 23
As April progressed, demand worsened across nameplates.
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2023 Q1
5 Jul 23
demand trends began to worsen in mid-March and further decelerated in April
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2023 Q1
5 Jul 23
February hit our expectations as did early March. It started to deteriorate in the latter part of March, and then it decelerated even further in the month of April
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2023 Q1
5 Jul 23
our intent is that by the end of the fourth quarter, we're going to be in a great inventory position and in the right mix of categories, brands and value bands to enter what our expectations are going to be for '23
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2022 Q3
12 Dec 22
we believe that every sale has to be earned through fresh items
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2022 Q3
12 Dec 22
Our guidance range contemplates the risk associated with softening consumer demand and the impact of the broader competitive landscape.
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2022 Q3
12 Dec 22