Consumer BehaviorWomen over 45+ tend to spend less on apparel, even at higher income brackets, indicating a cautious outlook on apparel spending.
Financial PerformanceLimited room for margin expansion as management invests in the business and full price penetration could be at its peak given slowing macro.
Inventory ManagementManagement noted the potential need to lean into promotions to move through inventory, which was up +15% y/y in 2Q24 due to higher fall in-transit inventory.