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Total revenue increased 7% or 13% on a constant currency basis for the first quarter of fiscal 2016. In constant currency, we saw revenue growth of approximately 2% in North America, 42% in Europe and 57% in Japan. Although we are at different stages of development in each of our regions, we continue to drive top line growth and believe consumers view Michael Kors as a leading luxury fashion brand. Our first quarter financial results exceeded expectations, driven by better-than-anticipated performance in both our retail and wholesale segments. The increase in retail net sales was attributable to new stores and accelerated growth in our North American digital flagships, which experienced 102% year-over-year increase. Global comparable store sales declined 9.5% or 5% on a constant currency basis, slightly better than we had expected. We saw continued momentum in our international markets with mid-single-digit comp growth in Europe and strong double-digit increase in Japan in constant currency. In North America, we experienced a high single digit comp decline reflecting a channel shift to online purchases and the continuation of reduced mall traffic. In addition, the continued decline in watch sales had a meaningful impact in the quarter as expected, and we saw a continued shift towards smaller-sized handbags along with increased demand for crossbodies กระเป๋าแฟชั่น axixi แท้ and small leather goods, which is resulting in an overall lower average unit retail. If we include our U.S. digital flagship sales in our comp base, our North American comparable store sales would have decreased in the mid-single-digit range.

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