In addition, consumer behavior changed very quickly as we exited the extreme COVID period, resulting in more of a preference towards travel, entertainment, and experience versus that of tangible goods.

Jan 26, 2023 / receipt, needs a key / Tom Hasfurther, other | earnings call 2023-01-26 | transcript f1adb8a7-c31c-42ad-9e5c-bc74e25018c5 | chars 5955-6156 | segment 5

Now, you know, If you look anecdotally and say, you know, why is this demand like it is, I think one of the key elements to this is that you've got consumers that are not spending their discretionary monies on travel, entertainment, things like this, you know, movies and all these other sorts of things, you know, that they traditionally would have. And I think they're spending on a lot of products that actually come in boxes.

Oct 27, 2020 / receipt, needs a key / Tom, CEO | earnings call 2020-10-27 | transcript 7c8e7315-e66e-4e25-bc36-26f2a32de24e | chars 21935-22364 | segment 21