We’re not seeing cancellations at all. And also the preselling meetings that we had with the largest partners now for fall/winter have been extremely positive. And I think what we always have to keep in mind is that On is right now a $1 billion brand on a 12-month basis, but there’s still so much more opportunity versus some of the larger players. And I think, again, we’re not in an incremental game here. We have — we don’t — we’re not so dependent on the macro environment. We can gain so much market share still within the channel. And I think that’s currently what’s at play and On has a very strong momentum with all its key partners.
Jim Duffy: Excellent. And on the top customer opportunity, can you speak to the evolving composition of your business between performance running, performance all day and performance outdoor product, particularly interested in momentum in the latter 2 categories?
Marc Maurer: Yes, I can probably elaborate on that, too. So we’re seeing quite a balanced growth between the performance run category and the performance all day category. So both develop in line. I think what’s very important for us is the metric of how is On developing at runners bodies because that’s our core, that’s our authenticity. And we’re very encouraged when we count on the main running routes. And when we look at the run specialty channel, where we’re currently at roughly 10% share overall, but we have very, very strong preorder growth of around 70% for spring/summer €˜23 in that channel. So we’re growing very strongly with the DP products that we’ve launched, with a Cloudrunner, with the CloudGo with the Cloudmonster that are tapping into a broad market.
And so I think you see a very balanced growth between the 2. And then on outdoor, which is a little bit smaller business at this point, we see that the trail category is developing very, very well. So everything that’s rooted in trail also on the apparel side is performing strongly. And we see very encouraging sales through numbers on some of those products, especially the Cloudvista and with also quite a bit of opportunity in the all day market. So we report that on basically the outdoor segment, but a lot of it will also be worn as an all day item.
Operator: The next question is coming from Alex Straton from Morgan Stanley.
Alex Straton: Great. Congrats on another great quarter, guys. I wanted to drill down into Europe quickly. You guys saw a great, nice reacceleration this quarter. Can you talk about what drove that change and just remind us what your biggest markets are there as well as how you think about kind of the future opportunity?
Marc Maurer: Yes. So the — I think the biggest — I mean, let’s talk about the market first. So the biggest market is Germany. And then you see U.K., which has a very, very strong growth and becoming more and more important in Europe, also with the partnership that we have in JD. We still have quite some significant volume coming out of Switzerland and Australia, where — it’s just the markets that we have been in longest. So it’s quite balanced and — but then we have a lot of markets that we’re just tapping into it. So if you look at Italy, for example, if you look at Spain, which are both very large markets, Spain has just taken in-house Italy. We’re going to take in-house from a distributor. So there’s still a lot of potential there.
