Inventory ManagementInventory increased above typical levels, driven by a buildup of cold-weather categories and inventory needed to support the growth of Rack stores, creating potential markdown risk.
Sales And ProfitabilityRisk to sales and profitability given structural challenges within the department store sector.
Sales TrendsSales trends noticeably decelerated in the last week of October and quarter to date, leading management to plan the fourth quarter more cautiously.