"It's been one of the success stories of U.S. retail over the past five or so years," said Neil Saunders, managing director of GlobalData Retail.
Analysts attribute much of the company's success to its ability to stay on trend and offer value to the consumer.
Despite an impressive few years of growth, things have taken a turn for the worse in 2024.
"You're paying a premium to get the growth that they're providing you," said Joe Feldman, senior managing director of Telsey Advisory Group.
"But that premium, when things don't go your way, like the shrink issue, it can hurt you.
Persons:
It's, Neil Saunders, Joe Feldman
Organizations:
GlobalData Retail, Telsey Advisory