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9/22/2022
Richard Galancy
CFO
With the barbecue grills and patio furniture, midway through the new year, and it was clear it was going to continue to be a recession, whether it was Craig or Jim, prior to Craig or both, the reminder to the buyers was, don't bring down price points. We've driven greater value at greater price points. If we want to be a little conservative, fine, but don't think it's not going to do it. go forward based on the assumption that we're providing the best value out there.
Peter Benedict
Baird
Right. No, no, that's a, that's helpful. I think I, as I recall, maybe your renewal rates actually went up during that great recession as well. So definitely resilient.
Richard Galancy
CFO
Yeah, they certainly have now, although auto renewal is certainly a piece of that.
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