I wouldn't read too much into the store numbers qtr to qtr. LOV clearly have found a sweet spot with their product offering. I'd be more worried about the fickleness of young women toward fashion than the CEO's resignation. Blundy and Falscheer got this business from zero to 250 stores in five years. In a similar vein, if McInnes left PMV, I wouldn't be too worried about what might happen to Smiggle.
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Ann: CEO Resignation and Q3 Trading Update, page-28
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