42 annotations
We saw nice momentum coming out of the quarter in April on.
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2023 Q1
9 Jul 23
things were progressing through the spring break shifts, Easter shifts, got to the end of April and now into May, and things have slowed down a bit
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2023 Q1
9 Jul 23
you do see a bit of bifurcation between kind of brands that are appealing to a higher income customer versus those that are more exposed to the mid-lower side
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2023 Q1
9 Jul 23
we believe it could be tied a little bit to macro conditions that mid to low income consumer traffic is coming through, but not converting maybe as heavily
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2023 Q1
9 Jul 23
Our first quarter AUR was the second highest in history, down 3% to last year's record results, yet up over 20% to pre-pandemic levels across brands.
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2023 Q1
9 Jul 23
traffic's been relatively healthy
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2023 Q1
9 Jul 23
It's down a little bit to last year, not substantial. The average basket size driven by AUR is down a bit then too.
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2023 Q1
9 Jul 23
AUR's up nicely still to pre-pandemic levels
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2023 Q1
9 Jul 23
we ended the third quarter in a better inventory position with fresh fall goods
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2022 Q3
14 Dec 22
We expect SG&A to be approximately flat in the fourth quarter.
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2022 Q3
14 Dec 22
we don't have the inventory levels that some of our competition has, and it will allow us to really pull back on promotion in January when it's a highly liquidation period
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2022 Q3
14 Dec 22
we're being strategic and competitive with our promotions, but not being overly promotional
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2022 Q3
14 Dec 22
Higher markdowns and increased product costs drove approximately 400 basis points of the decline. The integration of Quiet Platforms drove approximately 70 basis points of incremental deleverage. Rent and warehousing also increased as a rate to sales, offset by lower compensation costs.
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2022 Q3
14 Dec 22
we achieved our second best third quarter AUR down just 5% to last year's record high and up nicely across brands to 2019
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2022 Q3
14 Dec 22
inventory is in much better shape, which enabled us to control promotional levels in a highly competitive environment
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2022 Q3
14 Dec 22
demand levels improved from August
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2022 Q3
14 Dec 22
last year was -- the fourth quarter was the start of the significant impact of product costs, both in ocean freight and air freight rates, incurring that air freight in the fourth quarter to get our goods here
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2022 Q3
14 Dec 22
we’ve taken further action to reduce inventories for the second half of the year.
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2022 Q2
8 Sep 22
On the inventory side, we have cleared all excess spring and summer goods and entered the third quarter with better inventory levels and fresh back-to-school and fall merchandise.
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2022 Q2
8 Sep 22
right-size our inventory and reset our expense base to be more in line with demand in the second quarter. Significant progress was made across both these initiatives.
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2022 Q2
8 Sep 22