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promotionality might be approximately half of the gross margin rate decline with the other half being a combination of
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2022 Q2
6 Sep 22
second quarter margins being down a little over 500 basis points and we’re guiding to a similar outcome in the third quarter, I would suggest to you that from a margin standpoint, the promotionality from second quarter to third quarter, we expect to be relatively similar
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2022 Q2
6 Sep 22
AURs continue to remain up significantly versus 2019, They have been trending directionally in line with our peak, which we would consider around the 2015 timeframe
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2022 Q2
6 Sep 22
AURs in the back half are planned flat to down low single digits.
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2022 Q2
6 Sep 22
AUR to something closer to down high single digits for the quarter, but up very materially to 2019.
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2022 Q2
6 Sep 22
we’ve been able to increase prices by something in the range of low to mid-single digits on a year-over-year basis.
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2022 Q2
6 Sep 22
in AUR, we have been successfully able to pass on price in some areas.
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2022 Q2
6 Sep 22
However, we have seen more promotionality within the quarter, and we also saw more inventory in SAS.
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2022 Q2
6 Sep 22