“we would expect the cost levels from where we are today to largely hold as well as the retail levels.”

In context

“is all a function of lapping the cost and associated retail moves from last year. There really isn't a lot of net new activity on the cost or the retail front. In fact, sort of cost out and cost in activity. We have a very robust team that works with our merchants on this. It's all pretty neutral right now, we're not a ton of activity. So, as Billy said, we're not going to be promotional. We're an EDLP retailer that has to give value to our -- particularly our Pros every day. The cost environment is neutral. The price environment is neutral. We're not seeing a lot of trade down in particular. We're not seeing an increase in OPP penetration. Things are pretty neutral to several last periods of activity. And what we're seeing on the AUR is a matter of lapping. So, we're not seeing that, and we would expect the cost levels from where we are today to largely hold as well as the retail levels. Remember, there's -- in the cost levels from our supplier base, it's not just a matter of input costs in terms of materials, which you understand with our cost finance team, we have a very, very good view into that. But everyone over the last four years has seen significant increase in labor costs, and we're still working through transportation costs. So that 30, you can say, wow, that's highly inflationary, and that has to come back. Well, in fact, the cost structure, labor being a big component has increased similarly. And that's why we don't see the marketplace irrationally eroding those price levels. Simeon Gutman: Okay. Follow-up, trying to think about what the core business is doing in terms of decremental margins in the second half? I think some of Richard's comments before gave us”