Anker Capital Management: #69 Business Model Breakdowns: Retailers
2024-03-24 Anker Capital Management
A key point to consider is that a retailer in full expansion, opening many new stores, can naturally exhibit higher LFL sales growth compared to a more mature one. This is because these new stores take time to reach a stabilized sales level. Therefore, if an emerging retailer shows LFL sales similar to those of an established competitor, something might not be functioning as expected.
Źródło: Anker Capital Management
