The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brandon Babcock Cheatham - Citigroup Inc., Research Division - Analyst
: This is Brandon Cheatham on for Paul. I just wanted to -- when you look at the retail landscape, I was wondering, how do your wages compare to
your competition? Are you seeing similar trends in inflation pressure on the wage front? And anything that you can help us with what your plans
are over the next couple of quarters?
Question: Brandon Babcock Cheatham - Citigroup Inc., Research Division - Analyst
: Got it. That's helpful. And I think you mentioned the next iteration on the app. You're going to be able to scan barcodes. Is the idea that eventually
the customer is going to be able to scan and go? And how could that help flow operations in your stores if that is the case?
Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst
: So Richard, first thing, maybe just talk about how you look at cannibalization versus expanding the market in the U.S., right? And if you -- obviously,
you can now put, it looks like, locations closer together. When you kind of look at the U.S. in total, is there a number, right, that you guys have in
mind that's now possible given what you're doing with density?
Unidentified Company Representative
We could add another 150.
Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst
: And then just a quick follow-up. The -- I know you guys haven't been particularly interested in BOPIS, right, for cost reasons. And I assume that's
still the case. There's a consumer argument for it, but I think it's hard to make the cost side of it work. Is that still your view?
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