Dive Summary:
- Women’s fashion retailer Francesca’s currently holds the highest growth rate in retail. The company is expected to grow at a higher rate than even Lululemon Athletica, based on data released by Bloomberg.
- Over the next three years, Francesca’s is expected to grow sales at a rate of 80%. The retail chain could soon become a popular target for a private-equity takeover.
- “There aren’t that many retailers left who can double the store base and have a proven concept in place,” Pamela Quintiliano, analyst with SunTrust
From the article:
The company plans to expand to 900 stores within the next seven years. As it grows, analysts project annual sales will rise to $533 million by the fiscal year ended Jan. 31, 2016, 80 percent more than last year’s total of $296 million. That compares with the median estimated growth rate of 20 percent among specialty-apparel retailers valued at more than $1 billion, according to data compiled by Bloomberg.