Mark Webb: And Claire I would — sorry Claire I would talk about the guidance and what’s embedded. Every quarter has its important weeks and its less important weeks and no disrespect to February. But I would say in Q1, February is not typically one of the more important months and weeks, it’s weather impacted a lot of the time and you’re coming out of the January efforts that everybody is putting into ending their fiscal year. I would say it’s not disregarded, but it’s not the driver and there are big important weeks left in the quarter. The primary backdrop to the guidance we provided is sort of the caution we have on the macro consumer just given the macroeconomic uncertainty. And then that comparison which you mentioned last year coming out of the end of 2021, Q1 of €˜22 was a very strong quarter. So those two things lead us to what we believe to be the prudent guide that we provided for Q1.
Janet Kloppenburg: And when you think about the promotional environment, Claire, both for the fourth quarter and now, can you just talk about any incremental pressure you’ve been — you experienced in the fourth quarter or that you’re seeing now?
Claire Spofford: Sure. So fourth quarter, I think, I mentioned in my remarks, we made the decision to move our holiday assortment up and that gave more full price selling for the big promotional weekends. We went into the promotional weekends trying to hold our promo cadence on a year-over-year basis. And that was sort of our posture over Black Friday, Cyber Monday. And then we did indicate that we needed to promote a little bit more surgically during December to move through a couple of categories that were turning a little more slowly. We did that in €“ and, you know, with the intention of coming out of the quarter in the right inventory position and as clean as we could. January was strong for us. We had real strength. January tends to be a more markdown driven month in the quarter and we saw real strength in markdowns in January and ended, sort of, on a strong note from that perspective and again in the inventory position we wanted to end in.
Janet Kloppenburg: Okay. But you’re not feeling like the department stores or any of your specialty store competitors or e-com platforms like have heated up their promotional activity and that forced your hand?
Claire Spofford: Obviously, we watch all of that, but it’s not forcing our hands. We had a very strong Q1 last year with a low promo level and we’re hoping to be able to anniversary that, but we are not naive to the fact that there’s — there are a lot of macroeconomic dynamics out there and we always keep an eye on the competitive environment as well.
Janet Kloppenburg: Thank you and congratulations again.
Mark Webb: Thanks, Janet.
Claire Spofford: Thanks, Janet.
Operator: Your next question comes from the line of Daniel Lupo from Jefferies. Your line is open.
Daniel Lupo: Hey, thank you for taking the question and nice quarter. Just looking at the CapEx guidance pretty meaningful step-up, and kind of normalizing back to pre-COVID level. So you mentioned like three or four buckets with the POS systems, the maintenance CapEx technology and some growth CapEx. Can you maybe quantify these buckets a little bit further? And as we try to reconcile store count remaining flat with CapEx stepping up, how do we think about maybe the cadence of leases coming through and maybe the potential sizes of closures? Thank you.
