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Free People team produced a strong quarter with Retail segment comps achieving an 8% gain versus last year.
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2023 Q2
7 Sep 22
the Urban Outfitters brand, which delivered a negative 9% Retail segment comp versus the prior year
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2023 Q2
7 Sep 22
Retail segment comp sales moderated as the quarter progressed, but August has accelerated from July's results.
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2023 Q2
7 Sep 22
Within the home category, the strength in furniture and decor demand offset weaknesses in gift and entertainment.
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2023 Q2
7 Sep 22
IMU was lower versus last year due to the continued impact of elevated supply chain costs.
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2023 Q2
7 Sep 22
our inventory position being meaningfully improved at the end of the third quarter
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2023 Q2
7 Sep 22
Anthropologie consumer is still shopping and is responding well to more dressed-up categories like dresses, pants, jackets and shoes with heels.
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2023 Q2
7 Sep 22
both apparel and home delivered positive comps in the quarter.
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2023 Q2
7 Sep 22
The Anthropologie brand delivered positive comps in all three months with May and July being the strongest.
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2023 Q2
7 Sep 22
We have been able to offset a portion of these surcharges with initiatives that reduce our out-of-market shipments and split shipments
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2023 Q2
7 Sep 22
Delivery expense deleveraged in the quarter versus the prior year, primarily due to fuel surcharges related to the significant fuel inflation in all of our markets.
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2023 Q2
7 Sep 22
total Retail segment comp sales increase of 1%
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2023 Q2
7 Sep 22
URBN's apparel rental service continued to experience a strong positive response
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2023 Q2
7 Sep 22
not buy enough of the new and better style.
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2023 Q2
7 Sep 22
the downfall in their home business really centered around the soft goods and again, the back-to-school bedding category
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2023 Q2
7 Sep 22
we had tried to make earlier and earlier and earlier purchases and basically just got cut as all of a sudden, the supply chain started to come back.
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2023 Q2
7 Sep 22
we'll be in a much improved inventory position by the end of the third quarter.
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2023 Q2
7 Sep 22
We are absolutely committed to clearing through our excess inventory
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2023 Q2
7 Sep 22
We do have more inventory than we would want in certain areas.
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2023 Q2
7 Sep 22
improvement in the supply chain has also contributed to some of our inventory receipts coming in earlier than we anticipated.
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2023 Q2
7 Sep 22