Sep 12, 2023 / 02:20PM GMT
Unidentified Analyst -
Today, we're happy to be introducing The Container Store. Today, we have with us Satish, Chief Executive Officer; and Jeff, Chief Financial Officer. Thank you so much for joining us today.
Questions and Answers:
Unidentified Analyst -We're starting with an intro question, just to kind of launch this entire conversation with talking about this 2023. And could you maybe talk through some of the bigger challenges for Container Store this year? And maybe what have been some of the bigger wins for the company?
Satish Malhotra - The Container Store Group, Inc. - CEO, President & Director
Yes. Sure. I'll take that question. Thank you for having us. First of all, I would say fiscal '23 definitely has been a challenging year given the macro environment that most retailers are facing. The headwinds are real. We definitely are seeing our customers contend with higher inflation, interest rates and just a lot of uncertainty. And because of that, then we see a natural pullback in discretionary spending. And so it