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The company's "buy-now, wear-now" strategy will likely have a positive effect on men's products as well, but with lower impact. The growth of the children's segment has not been the main focus of management in the past, so a modest 1% annual growth is expected to occur after fiscal 2017. The accessories segment is forecasted to perform well for the next five years due to management's recent focus on changing store displays and items to push sales of those products. Details on these กระเป๋าแบรนด์ on2sale projections can be viewed in Appendix 4. Its annual cost of sales margin has been steadily decreasing since 2012, which signals that the company has been improving its ability to buy inventory at better deals through its suppliers. While this is a good sign for the company, there are political uncertainties in the U.S. that could negatively impact this margin in the future. Due to potential trade restrictions that may be put in place between the U.S. and foreign countries, we have projected annual cost of sales to be 60% of sales after fiscal 2016. Comparable Companies Analysis (CCA) L Brands (NYSE: LB ) Cato Corporation (NYSE: CATO ) These companies are American retail chains, with the majority of them having a main focus on apparel.

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