Analyst Expects Net Loss of 45K Stores Over the Next Few Years [Yahoo! Finance]
On Holding AG (ONON)
Company Research
Source: Yahoo! Finance
While retailers added nearly 10,000 doors after an accelerated period of store closures in 2022, UBS retail analyst Michael Lasser believes there will be more store closings than openings ahead. He expects a net loss of 45,000 stores in the retail sector over the next few years. More from Sourcing Journal CEO Nick Beighton Out at Matches Mytheresa Sees Sales Gains in Struggling World of Luxury E-commerce Will AI Revolutionize E-commerce? “We think retailers with high leverage to shopping malls will likely continue closing stores,” Lasser said. In apparel, he said store closures would hit 16,500 locations over the next five years, with most “store closures happening at department Stores and specialty retail while off-price retailers should expand their footprint,” the analyst predicted. Lasser prefers brands with strong direct-to-consumer focus and high pricing power, such as athletic brand On Holding AG, Deckers Brands and Ralph Lauren Corp. He's bearish on Nordstrom Inc.
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ONON
News
- 1 Wall Street Analyst Thinks On Holding Stock Is Going to $38. Is It a Buy? [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its price target raised by analysts at TD Cowen from $36.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- On to Release First Quarter 2024 Results on Tuesday, May 14, 2024 [Yahoo! Finance]Yahoo! Finance
- On to Release First Quarter 2024 Results on Tuesday, May 14, 2024Business Wire
- On Holding AG (NYSE: ONON) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.MarketBeat
ONON
Earnings
- 3/12/24 - Miss
ONON
Sec Filings
- 4/2/24 - Form 144
- 4/2/24 - Form 144
- 3/28/24 - Form 6-K
- ONON's page on the SEC website