100 annotations
Page 5 of 5
spending trends fell as June progressed
(No comment added)
Transcript
2022 Q2
4 Sep 22
versus 2019, digital sales were up 37%
(No comment added)
Transcript
2022 Q2
4 Sep 22
pandemic-related categories, which include active, casual sportswear, sleepwear, and soft home continued to decelerate during the quarter
(No comment added)
Transcript
2022 Q2
4 Sep 22
we continue to see strength in occasion-based categories
(No comment added)
Transcript
2022 Q2
4 Sep 22
consumer spend also shifted from goods to services with more consumers choosing to spend on vacations, events and dining out
(No comment added)
Transcript
2022 Q2
4 Sep 22
overall consumer discretionary spending and sentiment weakened compared to the prior year.
(No comment added)
Transcript
2022 Q2
4 Sep 22
We’re taking more aggressive markdowns
(No comment added)
Transcript
2022 Q2
4 Sep 22
when you look at kind of over 40 and under 40, we basically saw about the same level of slow down between those demographics
(No comment added)
Transcript
2022 Q2
4 Sep 22
the occasion based categories did not slowdown at the rate that the pandemic categories slowed down
(No comment added)
Transcript
2022 Q2
4 Sep 22
the necessary markdowns to clear the age inventory
(No comment added)
Transcript
2022 Q2
4 Sep 22
we’re not really seeing evidence yet of trade down going on between different buckets of income levels
(No comment added)
Transcript
2022 Q2
4 Sep 22
early signs of rising credit delinquencies and slower payment rates in the second quarter
(No comment added)
Transcript
2022 Q2
4 Sep 22
credit card revenues exceeded our expectations driven by lower bad debt levels than expected, larger balances within the portfolio, and higher than expected spend on co-brand credit cards.
(No comment added)
Transcript
2022 Q2
4 Sep 22
credit card revenues were up 10 basis points to 3.6%
(No comment added)
Transcript
2022 Q2
4 Sep 22
we’ve seen bad debt trends better than our expectations
(No comment added)
Transcript
2022 Q2
4 Sep 22
we slowed receipts in market brands where we have more flexibility than our private brands
(No comment added)
Transcript
2022 Q2
4 Sep 22
This resulted in receipts flowing in sooner than we experienced in the first quarter
(No comment added)
Transcript
2022 Q2
4 Sep 22
supply chain pressures continued to ease
(No comment added)
Transcript
2022 Q2
4 Sep 22
The industry-wide inventory levels along with the slowdown and consumer discretionary spend resulted in elevated inventory levels within certain categories.
(No comment added)
Transcript
2022 Q2
4 Sep 22
During the quarter, Macy’s brand customers across all income tiers slowed and shifted their spend
(No comment added)
Transcript
2022 Q2
4 Sep 22