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But look at Urban Outfitters, they were the COOLEST thing 10 years ago. Today they are struggling. In another 10 they may not exist. Being a retailer does not
by spaceflunky 10y ago
But look at Urban Outfitters, they were the COOLEST thing 10 years ago. Today they are struggling. In another 10 they may not exist.
Being a retailer does not make you impervious, in fact it makes you more vulnerable IMO.
How many products can you name that are more than >50 years old? How many retailers can you name that are >50 years old?
- singlow 10y agoThere are quite a few 50+ year old retailers. Quite a few 100+ years old. As for Urban Outfitters, their net sales are more than triple what they were ten years ago. They don't see 30% year-on-year growth anymore, but they haven't seen a decline.
- spaceflunky 10y agoI should quantify my question more. How many $30B+ companies are older than 50years old? Only about 3 [0], but how many retail companies have come and gone in their wake? Why is Airbnb the retail company that survives against all odds? URBN is down 40% from their high stock price and analyst estimates are bad. That's the thing about retail your sales could be good, but your long term outlook bad. See my original comment about wall street hating retail. Look at Target, they're killing it right now, but wall street still shits on their stock price. [0]https://nrf.com/2015/top100-table https://nrf.com/2015/top100-table