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With regards to our direct to consumer channel, we are on track to introduce our ecommerce platform to serve the new countries in Europe and target opening three retail locations including Chicago and London, as I mentioned earlier. While we expect every store we open will be profitable, we do not believe it is responsible to expect these new stores replicate the exceptional performance of our first two stores. Of course, it goes without saying that we expect a strong contribution from new stores. The jacket sold in our DTC channel provides us two to four times more margin than a jacket sold in wholesale. Our work in our DTC channel will continue to focus on customer engagement and developing an immersive and seamless in store experience for our guests.

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