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can you help me rephrase this - AEO regularly reviews inventory to identify slow-moving items and generally uses markdowns to clear such merchandise. A markdown
can you help me rephrase this - AEO regularly reviews inventory to identify slow-moving items and generally uses markdowns to clear such merchandise. A markdown reserve is estimated for future planned markdowns of current inventory. Additional markdowns may be required if inventory exceeds customer demand due to style, seasonal changes, customer preferences, competition, or lack of acceptance, potentially impacting earnings. AEO also estimates an inventory shrinkage reserve for anticipated losses between the last physical count and the balance sheet date, based on historical percentages. Changes in merchandise mix and actual shrinkage trends can affect this estimate. While significant changes in shrinkage trends could adversely affect consolidated operating results, AEO does not expect material changes in future estimates or assumptions for the shrinkage reserve
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