Thanks Trina. afternoon. Good
get comment a Before the like I'd moment into on to to passing. take we Blake's call,
painful and immeasurable. so our and difficult As can and this you time our here is Blake's a family impact He around loved at it. was business imagine, this good been Company. for has
a best are of terribly by me alive retailer but I are all worked as keeping most and the impact the with culture many on Blake person of Pete. the had our miss and years him our outside known, think Blake over I to values have to was be, many last example, with and company, he you Pete, us especially inspired most Blake we ways, XX closely of the life. connections authenticity inside particularly He his team as people being We lives, ever entire his Company and most I make helped his was our recently and and In genuine important Co-Presidents. brought committed people. most can legacy by and included. our real our
Blake. have would is those like It and Pete reached greatly about stories to who thank Lastly, with appreciated. your and condolences out you of I
our to out serve saying drive in strategy gains. share Okay. that we confident I’d like market by to and are start customers
across to us provide leveraging It Off-Price with – Nordstrom. into a multiple customers key our experience. focused serve is Full-Price, Heading ways point model to synergies allows business physical of through a unique we’re Stores, meaningful assets our customers XXXX, Our and difference. and Online, in best-in-class digital with on
place, financial we We satisfied strategies not planned profitability, in XXXX the results. right our inflection point improved current are as with we and this missed While the have for objective. we
We our profit expectations. This have to to on executing our a means line. our sense of high and top deliver urgency drive bottom levers margin
July. out with financial profitability focused Day Investor on reaffirm last on track during we and We’re getting goals, we that our back laid our targets
positive slowdown holidays. the traffic, Apparel we Women’s our Turning quarter results, full-line most by we saw softness This comp Full-Price, with most now in resulted to a merchandise in driven an categories, had across momentum during the and challenging. fourth store unexpected Off-Price. slightly sales being in increase In after
We’re taking customer improve planning. to a allocation assortment At leveraging our Investor our supporting for immediate and number we by of action initiatives merchandise inventory data Day, outlined strategy. analytics
XX by million year. Of our multiple we’re the over XX First, channels million across shopped our customers, customer encouraged our trends. past nearly
of spend to customer incremental Xx to lead to this expect We XXx.
our through than these of impactful to more are XXXX, because This acquisition. our to introduced customers During new expected X customer is one-third our a were customers cross-shop of business, source business Nordstrom largest million in within year. Off-Price Full-Price
Digital business robust investments in of sales business a our made digital gives Second, XXXX. build us our up a to advantage. early XX% competitive
stores with Day, us during are scale across increasingly margins Nordstrom.com Investor and stores. engaging we with parity As shared contribution online. full-line with achieved at Customers has
years. seen in-store As sales past an example, buy we’ve growth of over the XX% pick-up annualized from online, five
Mer well as a and discovery. and as Birkenstock. and emerging Navy, to customers like Something brands our newness leverage Reformation These partnerships to offer such La continue we partnerships Third, as brand include sense of established strategic partners
successful We year. also like of limited-time coming more Allbirds, native this digitally launches and had Away with brands
and brands strategic sales. our XX% than more Full-Price delivered of X% made up growth of Our
efforts pleased we past improved faster execution our we’re focused the with merchandise strengthen Finally, our team’s and to delivered in momentum topline build trends to offering, inventory Through year. Off-Price turns. over
expansion our Similar Rack continued our synergies and stores. into with the we’ve We business, six U.S. Canada outperformed have of between our Nordstrom introduction Rack that stores seen expectations. Nordstrom to already
strategy, key as For full-line and drive share sales in example, and loyalty our for This program. we and relevant our margin and more Beginning of market have this to serve Nordy proof Angeles to the and strategy a concept. exhaust product as this The inventory, market digital Rack customers we’re gains along share us with local improving as market – Los ways. newness an Club gains We with two stores, launched enabling priorities year, serves new capabilities, in strategy outsized give store confidence The Canada. market continue scale. we to local leveraging in in
customers offers merchandise of available expanded next an day. Our “Get Fast” selection feature It
more neighborhood Nordstrom opened two We Local also hubs.
higher reach by spend. demand the experiencing average. Customers personal market, online, year in services our as Nordstrom more increased We’re buy styling, inventory. In exponential L.A. spend through customer for Xx. by This who visit scale lead X.Xx engagement Local which customer we’re planning in-store in an lift on alterations leveraging such L.A. and to to pick-up
This to a and customers faster at L.A. delivery, supply selection, to lower greater in plan chain omni-channel we will accelerate local access us. inventory efficiencies. give cost to hub to with spring, Our investments a merchandise open
base. of X in to open faster Coast, our facility supply will This a square-foot We enable delivery also plan customer represents West chain fall. to the the million which XX%
our presence world’s We’re to and October. top be biggest open looking one men’s plan This flagship will expanding of our statement of in Nordstrom and the spring in our the women’s store retail the We introduced last forward this store best brand, City. New markets. York to
that a the meaningful presence, New contribute lift market. our with sales coupled our We expect City digital flagship, will in York
loyalty leverage our program. key priority second Our is to
our relevant we two dollar fall, enhanced customers. – for are members launched points three remain Card with than contributed to spend. In program sales. XXXX, half Last customers our our Nordy loyalty evolve Club. every program, – to from continue earning up our We of they now The more
experiential We such to exclusive as and also access elements, services experiences. added
offered For drop. to our example, we Navy early recent Something loyalty our access customers
Going experience forward, business spend. enables that additional in and drive pursuing we further well-positioned the model unique to personalize to closing, increased customers success serve are our customer we’re In differentiated ways. opportunities for through us
drive profitability over into and expectations line. additional year, focus our we the and on take insights to prepared delivering will bottom we’re this As to I’ll top provide action now our call results further turn who to our Anne, for XXXX. goals