Tony Spring said the customer remains resilient. The customer at the middle and high end remains interested in newness and fashion. The customer at the low end is more choiceful because things are more expensive.

Spending is continuing and they see that carrying over into the rest of the calendar year - a big reason they raised fiscal year guidance. But spending is on new and unique things, not replenishment items which face more pressure. There's not a lot of pullback but not a lot of indulgence either.

Tariff assumptions are already baked into guidance. The assumption is tariffs will be relatively stable. They can hold the line on both their own costs and prices passed to consumers. Bloomingdale's had 10% comp sales growth, Macy's store brand was 1.6% - still a luxury story.