Consumer Spending TrendsWomen over 45+ tend to spend less on apparel, even at higher income brackets, indicating a cautious outlook on apparel spending.
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.
Macro UncertaintyMacro uncertainty will likely weigh on consumers, making it difficult to drive higher full price selling.