Major retailer to open new store in St Enoch's Centre
Glasgow’s leading city centre destination, St. Enoch Centre, is welcoming stylish Australian jewellery brand Lovisa. Lovisa opens on February 7 on the Ground Floor.
The Australian-born chain first launched in 2010 and has since established itself as the go-to for on-trend, affordable accessories. With over 850 stores in over 40 countries, the St. Enoch Centre branch will be Lovisa’s
third opening in Glasgow, stocking many of its best-selling items, including the gold-plated heart pendant necklace and sterling silver stackable ring collection.
With its street style and economical price tag, the new branch perfectly complements St. Enoch Centre’s impressive array of premium jewellers, which includes the ever-popular Pandora, authentic Italian jeweller Moriconi and renowned retailers H. Samuel and Swarovski.
St. Enoch Centre director, George Reader, said of the opening: “We are pleased to announce the opening of fashion jewellery giant Lovisa in St. Enoch Centre. This arrival builds on our existing collection of remarkable jewellers, fulfilling our promise to offer shoppers the highest quality of choice.
“With its stylish, ready-to-wear pieces, we are confident Lovisa will be a popular option for our customers.”
Quelle: Glasgow World
Glasgow is the second most popular retail location in the UK after London.
Bell Potter rates LOV as BUY on China market potential
It is Bell Potter’s opinion that the Chinese market remains the biggest opportunity for Lovisa Holdings amid its ongoing global rollout, and following the opening of the brand’s first retail space in the country in December.
The Chinese fashion jewellery market value is estimated at US$13bn, and the broker believes consumers in this market are looking for trendy fashion jewellery brand.
With its US market blueprint, Bell Porter expects Lovisa Holdings
can open 100 stores in mainland China in just 4-6 years, adding a potential A$40-50m to group revenues.
The Buy rating is retained and the target price increases toA$26.50 from A$25.
Eight of 13 analysts rate LOV "buy" or higher, four "hold" and one "sell" or lower; their median PT is A$23.30
Quelle: Reuters
Makes a lot of sense…The 5% price jump today says it all:
Kommentar: Zurecht hat Lovisa eine höhere Bewertung als Lovisa. Hier sehen wir ja auch ganz andere Wachstumsraten beim Umsatz und Ergebnis (CAGR ca. 20%). Das KGV dürfte in Folge abnehmen. Auch wurden Kursrücksetzer – anders als bei BB - bei Lovisa immer schnell ausgebügelt. Für BB erwarte ich für das lfd. GJ keine achtbaren Impulse auf Umsatz, Ergebnis und Aktienkurs.
Ich habe gelernt, dass Globalisierung u.a. eine Maßnahme ist das Risiko zu diversifizieren. Wenn man in allen Weltregionen vertreten ist, erreicht man eine Abmilderung des unternehmerischen Risikos. Lovisa expandiert sehr gezielt und bisher erfolgreich. Wenn die Lovisa Stores in Hongkong (8) laufen, warum nicht auch im Reich der Mitte? Dagegen klebt sich BB an Europa fest, schrumpft weiter und bleibt international abgehängt! Allerdings, BB fegt es (noch) nicht hinweg…
Gruß
Kiemeler