David Allemann: Yes, so on APAC, really, I think it’s — I mean, the future will be dominated by the growth of China. And this is really right now. It’s about how fast can we capture consumer demand. This is about our capability to open new doors because a lot will be own and franchise distribution. It’s about our capability on how we can expand with some of our e-comm partners like T-mall. So we don’t see any kind of major constraints in terms of market size. And definitely when it comes to China for a very long time to come. What’s important, we’re building a premium performance sportswear company. And that’s how we’re winning in China. We’re not going to win our prize. We’re not going to win in a promotional environment. So this is dictating and shaping our pace.
In Japan, we’re a bit further ahead. So super happy with what we’re seeing right now. Japan definitely still far away as well from reaching maximum potential. But it’s clear that we don’t have as many years growth ahead of us in Japan and Australia to that versus China. What’s almost untapped is the rest of Asia Pacific. We’re talking about huge countries like Indonesia, for example. So this is very much distributor-led. And that’s definitely a more long-term opportunity for us to focus on when we’re ready for that market.
Ashley Owens: Great. Thank you.
Operator: And your next question comes from a line of Janine Stichter from BTIG. Your line is open.
Janine Stichter: Hi. Good afternoon and congratulations on the strong quarter. On the slower wholesale door growth over the next several quarters and the selective closures you mentioned, is that solely related to the repositioning on the European wholesale? Or is there anything else in there? And then more broadly, we’d just love your thoughts on what parameters you think about when you choose to exit a door? And then as a follow-up, as you look at your door base, would you expect there to be any more meaningful closures beyond H2 of this year? Thank you.
David Allemann: Yeah. So as Marc said, we expect to close around 200 doors in Europe. And that’s basically what’s also incorporated in the number that Marc just gave where we expect a net addition of doors of 200. So we expect the impact on sales a bit distributed across the second half of this year, especially Q4, and then also Q1 and Q2 next year as related the doors are closing or we stopped the supplying at the beginning of next year. But of course, the reorders from those doors will already be significant visible towards the end of next year.
Marc Maurer: In general, I think we can look — from the wholesale growth, usually 60% is coming from new doors and 40% is coming from existing doors. So that’s still relatively consistent. And we’re constantly looking at what is our optimal environment in which we can reach our consumers in the best possible way. This is how we’re working with our partners, how we’re working with our e-comm engine, our own stores. And right now, we feel very comfortable with where we are with the partner landscape, including these closures, and we’re not foreseeing any significant impact in, for example, 2024. So this is really an effort that we’re doing now. And we’re very happy with our other partners and how we were able to tap into the consumer segment.
Janine Stichter: Great. Thanks very much.
Operator: And this is the end of our question-and-answer session and also concludes today’s conference call. Thank you for your participation. You may now disconnect.
