Lovisa Holdings (ASX: LOV) aims network expansion with 210 new store openings in FY23

Tue 03 Oct 23, 11:12 AM | Team Kalkine

Image source: Pixabay

Highlights

Lovisa, an ASX-listed global retailer of fast fashion jewellery, which opened 210 new stores across 12 countries in FY23.

LOV has the structure in place to expand its digital and physical store network.

LOV’s share price fell by 12.07% in the past one year and declined by 27.18% in the last six months.

Lovisa Holdings Limited (ASX: LOV) is an international retailer of fast fashion jewellery with a focus on retailing fashion jewellery and accessories for women. The company designs, develops, sources and merchandises all its branded products.

Acting on its commitment to expand its footprint, the jewellery retailer opened 210 new stores across 12 new markets in the financial year 2023 (FY23). Moreover, in the first seven weeks of FY24, the company rolled out 21 new stores and closed eight stores.

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