“And we intend to drive that down more in fiscal year 2026.”

In context

“e taking all the right actions against those key footwear franchises, right sizing the inventory, and getting back to running a relentless flow of innovative and coveted products. Matt Friend: Hey Lorraine, I'll just add that what I said in my prepared remarks was that, we intend to drive -- we've made really good progress over the past year and as Elliott came in, he challenged the teams to increase the pace at which we reduce the supply of those three franchises in the marketplace. And as a result of that, it had some impact on our Q4 headwinds that we talked about, but it will continue to be a headwind in fiscal year 2026. By the time we execute Q4, we expect that we will have reduced the contribution of those franchises by 10 percentage points as a percent of our overall footwear mix. And we intend to drive that down more in fiscal year 2026. When I think about it through the lens of channels, what I would say to you is that on the NIKE Direct side and the Digital side in particular, we're already taking action, as Elliott and I both outlined, to reduce the number of promotional days and to reducing the discounts that we see in the marketplace. The challenge we have in the near term is that, we were buying against a different plan. And so we've tightened the buys against NIKE Digital, but we really did that towards the end of summer and heading into fall. That inventory will not end up in the digital channel. We will directly transition it to our factory stores and we will clean it in a value channel like we typically do as we clean up the season. On the wholesale side, we're making investments and I talked about us needing to”