Home 회사안내 제품안내 AL프로파일 제작사례 주문서 주문/문의 자료실 공지사항
	■ 제작사례 ■ 자료실 ■ 주문/문의 ■ 공지사항		작성자 Moncler   이메일 제 목 Moncler 프린트 It appears KORS, if it can sustain its current trajectory, can easily beat the 9.8% implied growth rate from the DCF calculation. Conversely, RL will need to adjust its business model to attain its implied valuation. 2. Comparable Store Sales Analyzing comparable store sales will help us determine if growth is attained through store count expansion or through additional demand. Higher comparable store sales show that each store is generating more revenue, which is much more sustainable for growth. Michael Kors has achieved very high samestore sales growth, while Coach and Ralph Lauren are lagging. By analyzing the number of stores each retailer has, it is clear that KORS is expanding the most, increasing its store count significantly. This trend will likely continue as KORS' cashflow from operations increases (223% increase in CFO since 2011). In 2013, RL's revenues increased only 2.9% due to the closing of 867 stores and a 3% increase in comparable store sales. If this trend continues, RL will eventually experience negative topline growth. Similarly, COH is shutting down its stores, though growth is primarily driven through internet sales. from : 74.91.24.210