Jonathan Sinclair: So if we think about inventory, I mean, what we’ve said, is that it would — the year-over-year growth would reduce progressively and you saw that in March, you see it again now. We have worked very hard to tailor what we produce, what we buy to our sales expectations. We act very responsibly on that. We’ve always said in the past we’re not afraid to be sold out if that’s what it takes. And therefore it is conceivable over time that inventory is — vacillates around the level that we’re at, conceivable it could be slightly lower, conceivably slightly higher but in and around last year’s level is where we think the right place is for us to be against the guidance that we’re giving on revenue growth. Clearly, we work hard to make sure it’s as efficient as it can be it.
But let’s remember so much of it is continuative that it maintains its value over time, it doesn’t represent margin risk, it doesn’t represent obsolescence risk and therefore, we’re able to work our way through it and satisfy demand where it’s there.
Operator: Our next question comes from the line of Sam Poser from Williams Trading.
Sam Poser: I just have a question about the DTC business and the evolution to getting to around 35% in the first half of the year, so you can sort of become more profitable in total with your DTC. Can you tell me where you are in that — towards that long term target and how you’re thinking about it please?
Jonathan Sinclair: I think we talk about 35% of the total business being in H1 rather than just DTC, but obviously, we’re working toward that, we’re seeing good growth in our non-heavyweight down business. And that’s important in the context of relevance in the first half of the year when the temperatures are somewhat higher. But I think, it’s something that we are making excellent headway on. And you see that in the rate of growth that we’ve experienced in DTC in the first half, which is really quite — first quarter, which is really quite strong.
Sam Poser: And you mentioned part of this, I believe in your prepared remarks. But within that, I guess within the portions of non-heavyweight down, it sounded like Asia-Pacific was the — performed the best in that category, followed by Canada, followed by US, followed by Europe. Is that accurate, am I thinking about that right? Did I get that right?
Jonathan Sinclair: Well, certainly our standout performance was non-heavy, was Asia-Pacific and that’s not a surprise in the context that it’s the fastest growing region in the border either. But it really is outsized performance and we’re delighted to see the progress there. But I will say we’re making good progress, both in North America and in Europe in those categories. And so it’s not like it’s purely one geography and loss another, we’re actually seeing good growth around the world with just the outsized growth in Asia-Pacific generally, meaning that we’re making more headway this quarter in that region compared to the others.
Carrie Baker: Yes, if I can just add some color too, in terms of the categories. So yes, as you heard us talk about apparel and accessories among our fastest growing categories, it’s great. What I like to see about that is that people are coming in, they’re buying a broader assortment of Canada Goose, they might even be entering the brand through some of those categories. And especially, we launched — our footwear is climbing year-over-year this quarter, we just launched our Glacier Trail Sneakers, which are — the consumer response has been phenomenal to that. So for us, there’s just so much more to offer. We have way more — seasonally relevant products that people are buying now through wear now.
Operator: And our next question comes from the line of Oliver Chen from TD Cowen.
Unidentified Analyst: This is [Katie] on for Oliver. Our first question is around the wholesale channel. Do you plan to take any action that would give you more control over selling in that wholesale channel, such as, for example, bringing in the Canada Goose sales associate?
Carrie Baker: We already do. I think depending on the account or the door that we’re talking about, so whether that’s providing sales associates, robust training programs. So we work really hand in hand with all of our partners to make sure that that experience is as close to a Canada Goose experience as we possibly can get it, even though it’s inside somebody else’s doors. So I think what you’re seeing, and I know we spoke to this in the remarks. But what you’re seeing in wholesale is mostly a result of our just continued streamlining. Of course, EMEA has a different impact just given the size of wholesale business in that market in this quarter. There is of course some caution from wholesale partners across — you’re seeing that across the sector as every brand, but mostly as a result of us looking at the partners, looking at most — which ones are brand enhancing, which ones are going along this journey with us in terms of representing who we are best and us making choices as a result of that.
Unidentified Analyst: And then as a follow-up. Could you just touch on sort of the productivity of the new stores that you’re seeing and how does that compare relative to your legacy stores as well as your expectations?
