Lovisa Has Big Opportunity From Claire's Store Closures -- Market Talk
Dow Jones
Sep 26, 2025
2342 GMT - There's an incremental revenue opportunity of A$34.2 million for Lovisa from the closure of 291 Claire's stores in the U.S., according to Citi's estimates. That equates to 4.3% of Lovisa's sales in FY 2025. "Our analysis found that there are 111 Lovisa stores within 10 miles of closing Claire's stores, including 36 stores which are within 5 miles," analyst Sam Teeger says. Lovisa's share price is up some 78% from a low reached in April. It closed Thursday at A$37.31. Citi retains a neutral call on Lovisa's stock with a A$42.50/share price target. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 25, 2025 19:42 ET (23:42 GMT)
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