Instead of pushing pure volume, growth was designed to come from developing categories, like home, and building in new markets while bringing in more consumers under 35. “We now have multiple engines of growth,” Louvet told WWD. “We’re driving growth across every brand, every channel, every region.
This past year, the company opened 122 new stores, expanding from Milan to Miami, for a total store count of 1,188. It has also returned to the runway and made new overtures to consumers, for instance linking up with the historically black Morehouse College and Spelman College in a bid to present a more inclusive take on American style.
Analysts on a conference call were complimentary about the quarter and shares of the company ended up 0.5 percent to $91.40 on Tuesday.
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