I’m making up numbers as an example of a reduction, and that will reduce their risk from a cash flow – improve their cash flow and reduce the risk if we get into a recession. So, they are trying to right size their inventories with the consumers as the consumer demand is a little bit volatile right now. So, we’re seeing that type of activity and we are still seeing some smaller dealers with just too much and they haven’t gotten – if their number needs to be 10, they’re still at 12 or at 13. So, we’re seeing a combination of those things. It’s still much better than it was in Q1 and Q2. That’s encouraging to hear. And then, you know, in terms of your own retail segment, it did very well once again here in this quarter. How should we think about the sustainability of these trends?
And then as a follow-up as far as the retail segment, I know you talked about opening up to nine stores, I assume that’s on a gross basis or is that, are you – or is that not of any closings that you’re planning to do?
Melinda Whittington: Yeah. So, overall retail, you know what we’ve continued, obviously, the market is volatile, the furniture industry, you know, is volatile, but what we continue to see quarter-after-quarter, particularly in our Furniture Galleries and very specifically in our company-owned retail that where we’re playing offense, where we’re investing in the marketing, where we are out executing the consumer is still buying. And so, that is very much our intention is to keep that going. We believe very much in our company-owned retail as a huge differentiator for us, because we best know the consumer there, which can inform everything about our product and our approach. But it also gives us full control end-to-end from raw material to end consumer delivery of that experience.
And so, we do believe our retail will be a disproportionate growth factor over the long-term. And to your point, you know that’s organic, that’s inorganic, that’s executional excellence. So, part of that is, as part of our Century Vision, we’ve talked about across the network. We’re at about [three] [ph] – call it in round numbers, when we started Century Vision, we are around about 350 stores and we believe current footprint, everything else being equal, there’s room for about 400 at the current, kind of style and footprint that we have. So, our overall intention is to net, you know, close to 10 new stores a year across the Furniture Gallery. Now, to your point on any given year, you know, this past year, we were a bit under that as we were starting that machine up and we’ll still, you know, aggressively close underperforming stores, you know, rather than keep them open just to track a number, but yes, we do intend to net increase our stores both total Furniture Gallery network, as well as company-owned.
Anthony Lebiedzinski: Well, sounds good and thank you very much and best of luck.
Melinda Whittington: Thanks Anthony.
Bob Lucian : Thank you, Anthony.
Operator: Your next question for today is coming from Zachary Donnelly with KeyBanc.
Zachary Donnelly: Hey Bob. Hey Melinda. Thanks for taking our questions. So, I know you mentioned that comps were positive in February, were negative in March with the bank failures that kind of took place during that time and then turned back to positive in April. I just want to make sure first I have that right? And then, kind of following April, can you provide any, sort of information or detail on how comps are performing following the end of the quarter?
