Mike Madden: Yes, so yes, it’s an important area that we’re focused on. Just to start out, just to give you a little bit of what’s in front of us, we will close about 10 stores at the end of this year, right the beginning of next just with natural lease expirations. Some of those are not strong performers. So we will see that going into next year. But overall, I would say we want to maintain the store base kind of where it is right now around, give or take 350 stores, most of them have worked their way into better rent situations over the last few years, as we achieved a lot of reductions post COVID, we’ve been able to maintain most of that, it’s getting a little bit more difficult to do that. But our view on the store base right now is let’s maintain, let’s get the overall business to a level of recovery that we can benefit from that, we’ve got a customer base out there that not only goes to these 350 stores that they shop us online, and that has a halo effect on our overall revenue profile.
So we’re careful about that. We think the stores are crucial to our overall delivery and want — at this moment really want to maintain that 350 around about 350 and that would include being targeted and maybe layering in a few new stores just in the right positioning across the spread that we have.
Anthony Lebiedzinski: Got it, okay. So thanks for that. And my last question, so as you look forward to next year, as you’re looking to, I know obviously near-term, you’re focusing on reducing your inventories. But when you look forward to the next year’s holiday season, will we see more merchandise done on the directly source basis. I know that’s an area where you guys had talked about previously. So just wondering how you’re thinking about that?
Steven Woodward: Yes, thanks, Anthony. First of all, yes, we are continuing our direct sourcing opportunities, I think we cut back a little bit this year, just because of the over inventory and the unstability in the market. But yes, that’s been really good for us over the years, it helps us with having more exclusive products. It helps with improving our design, it helps with packaging, so we have less damages. So we’re very satisfied and happy with the work that’s been done in our direct sourcing area. And I think over the next couple of years, what you’ll see is that we did learn a few things this year. One is that when the economy gets a little tough, we need to make sure that we’re highly, they were covered in the opening price point item.
And what we decided to do for Spring 2023, was even pull those items together to make it really easy for a customer that’s just looking for a fun thing from Kirkland, maybe something under $20, to be able to find it easily. What we found was that, we had some of those items, but they were mixed in throughout the store. So we’ve not only additionally purchased some of those items, but we’ve pulled them together in a way that’s really easy for the customer that’s just wanting to buy something fun for their house or fun for themselves, to encourage. And then we’re continuing to really evaluate every single department, you’ll see us really looking towards the customer to help us decide what categories to drive forward with, what categories to pull back on a little bit.
But generally, as our goal has been stated over and over again, now when we want to become a recognized home furnishings retailer, you’ve got to carry some of the basic items, we did probably moved furniture artificially a little bit quicker than we’ll have that maybe that will happen this year, where we’ll let the customer demand and dictate that, we also to reduce our better in stocks while reducing inventory. We’re also looking at some skew reduction in some categories that have just grown this few days to large. And so a lot of detail work around all of that has gone into the assortments for 2023. And how to work on assortment that is substantially less than previous years, but still flowing in had the customer be able to get products, no matter where they are, whether they’re in our warehouse, whether they’re at the store or whether they’re directly from vendor.
