44 annotations
Packaway merchandise represented 38% of total inventories versus 41% in the same period of the prior year.
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2023 Q2
28 Aug 23
t
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2023 Q2
28 Aug 23
The average basket was flat with an increase -- slight increase in the units per transaction and a lower AUR which offset the units per transaction
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2023 Q2
28 Aug 23
raffic was the primary driver of the 5% comp
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2023 Q2
28 Aug 23
It wasn't driven by mix. It was driven -- being sharper priced across the assortment.
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2023 Q1
22 May 23
our assortments weren't necessarily where we wanted them to be
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2023 Q1
22 May 23
apparel struggled in Q1
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2023 Q1
22 May 23
we're focused on is we're focused on delivering really sharp value
Sharp = low prices
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2023 Q1
22 May 23
just on the lower AUR common being driven by sharper price points
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2023 Q1
22 May 23
That's really off of a sharper price point.
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2023 Q1
22 May 23
And the lower AUR in the quarter, was that all moving towards sharper price points? Or is there a mix component to that that we should factor in?
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2023 Q1
22 May 23
The average basket was flat and it was flat on units per transaction, up on a lower AUR
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2023 Q1
22 May 23
The comp in the first quarter was driven by a number of transactions, and that was -- for us, that's our proxy for traffic. It was up versus a year ago.
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2023 Q1
22 May 23
offsetting the traffic declines was a higher average basket. The basket was driven by higher AURs, while UPTs were flattish. The increase in the average basket was more than offset by the decline in the number of transactions.
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2022 Q3
18 Nov 22
As a reminder, the dd’s customer’s average household income is $40,000 to $45,000 versus $60,000 to $65,000 for Ross.
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2022 Q3
18 Nov 22
Can you talk to the drivers of that and any change that you’re seeing in the behavior of your low-income customer versus maybe more of a middle- to high-income customer within your portfolio?
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2022 Q3
18 Nov 22
On dd’s, the improvement from Q2 to Q3 was similar to Ross
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2022 Q3
18 Nov 22
We have not seen a material shift in spending trends across different income demographics
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2022 Q3
18 Nov 22
traffic did improve for the quarter, but it still declined versus the prior year.
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2022 Q3
18 Nov 22
This mainly reflects the anniversarying of significant cost pressures from ocean freight and lower incentives, partially offset by the deleveraging effect from lower same-store sales, unfavorable timing of packaway-related costs and higher markdowns.
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2022 Q3
18 Nov 22