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into the quarter second potentially seen busy online the business brand year, and market BOGS move share. to the season already during of optimistic back increase increases and solid have BOGS have new we we that We as opportunities in are the in half may grow
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many cancellations 'XX retailers. both fall, was and for Our interrupted shutdowns season 'XX by and received our because orders backlog selling we down fall spring from is for
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decreased inventory, level higher our demand. current is inventory optimal given Our current than of
feel at and we off of our We this Asia our some obsolete a good exception have of product. inventories reviewed with wrote we with is inventory, June base in quarter, solid the core inventory XX
the the and year, inventory will result in products which continue to However, additional given seasonal might uncertainty of the marketplace, downs. the we monitor discontinued write and review in throughout rest
As across and are are this period this of and reawakens a of can Cost our the good Company sales priorities Expenses right-sized liquidity in top during world evaluated respond consumers' we we that needs. being lower marketplace remain during effectively management operate time. evolves, the and organization the volumes. so challenging to to our position
adjusted million. We're totaling in spending, of quarter million. waste US US which the the and and additional reduced subsidies in advertising selling the Canada expenses received by our outside million During second $X.X subsidies $X.X qualified $X.X wage for quarter, we rent and government
to continuing time. additional at this are savings other cost pursue We subsidies and
securities, in marketable associated and nearly short-term with line million the situation. remain highlights our a and the the continue slowed, sheet affords $XX we has of economic months. pandemic which full position are in over accounts trend our $XX withstand balance the million strong on credit, financial Our ability of liquidity believe of cash in Collection cash available to receivable us we to current coming Company's we and position, and that the expect the effects current
In we of to receivables write a bankruptcy addition, quarter had previously JCPenney. down the due the as discussed, during
and would We payments risk health to our secure I our the are formal customers. This to Group continuing the of financial monitoring interest are you questions. in and actively your Thank like other open manage remarks. for and also call your to receivables concludes to our now Weyco mitigate
