![]() The latest US Census data for the apparel sales category showed that industry level numbers declined by -0.2% YoY last month, and it's difficult to imagine RVLV bucking this negative growth trend unless it engaged in more pronounced discounting or promotions. For context, management had previously highlighted how growth for the first seven weeks of the year had come in at mid-single-digit levels, but the last six weeks of Q1 proved to be a dampener, with the exit rate in April coming in at a sizeable decline of -7% YoY. ![]() It's difficult to see a reversal in the near term given the unfavorable conditions for discretionary-related purchases. RVLV's topline trends have turned awry this year, with softness being witnessed across the board. Since the stock's listing date in June 2019, RVLV has proven to be a source of wealth destruction, contracting by -54%, and also underperforming both the ProShares Online Retail ETF ( ONLN), and the broader SPDR S&P Retail ETF ( XRT) in the process.Ĭould this long-term trend reverse in the months ahead? Well here's a discussion of some key metrics to monitor that could weigh on the stock's prospects RVLV - Key Operating Metrics Interestingly enough, RVLV only makes its merchandise available in limited quantities, and refreshes it quite frequently (typically on a daily basis), thus triggering a degree of FOMO within its target audience that are often susceptible to bouts of instant gratification.ĭespite a relatively niche positioning, it's fair to say that the market doesn't think much of the Revolve story. ![]() Revolve's retail operations are also underpinned by an automated data-driven merchandising model that enables the company to adroitly pick up on new trends or styles that also have a low risk of attracting the attention of other retailers. RVLV's focused positioning appears to be gaining popularity in the market with its active customer base currently trending up at a run-rate of almost 20% YoY! This potentially lucrative cohort (for context, millennials' share of US housing net worth has grown by 50% over the last three years) often fails to garner focused attention from national retailers or department stores, who prefer to hedge their bets and service a broader demographic by offering fairly generic assortments. The company's USP is centered around leveraging digital and mobile technology (last year, sales via mobile devices accounted for roughly two-thirds of group sales) to cater to the unique fashion needs of aspirational millennial and Gen Z customers. RVLV's product mix primarily revolves around apparel and footwear, although it also offers beauty, home products, and accessories. Revolve Group ( NYSE: RVLV) with a two-decade-long history in the field of fashion retailing, primarily caters to young aspirational shoppers. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.Thomas Northcut/DigitalVision via Getty Images Niche Positioning, But So Far, The Market Has Looked Away This means that if you invested $100 now, your current investment may be worth 313.242$ on 2024 October 25, Friday. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks.įuture price of the stock is predicted at 42.600864015738$ ( 213.242% ) after a year according to our prediction system. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if RVLV could be a good portfolio addition. ![]() Revolve Group Inc - Class A stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. stock forecastĪs of 2023 October 25, Wednesday current price of RVLV stock is 13.600$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). 1 year Revolve Group Inc - Class A Forecast: 42.600864015738 *ĥ year Revolve Group Inc - Class A Forecast: 175.533 * About the Revolve Group, Inc.
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