Hi, everybody. I'm Jay Sole, UBS' Retailing Department Stores and Specialty Softlines analyst, and welcome to the UBS 2026 Global Consumer and Retail Conference. Really excited that you're here.

Good morning, everyone. Welcome to our webcast today, hosted by Ghassan Halazon, Founder and CEO of EMERGE Commerce merged Commerce. Before we begin, I'm required to provide the following statement ...

Listen, it’s a big family, the Louis family,” says broadcaster Louis Theroux. I’ve just told him that my name is also Louis and joked that I’m a young challenger who is coming for his journalistic ...