Lovisa Holdings Limited (hereafter known as “Lovisa”) is a fashion jewellery retailer whose…

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Lovisa Holdings Limited (hereafter known as “Lovisa”) is a fashion jewellery retailer

whose ordinary shares are listed on the Australian Securities Exchange (ASX). According to

the ASX announcement on Date: 19/02/2020 and Headline: 1H FY20 Half Year Results

Presentation (“Presentation”), Lovisa planned to continue opening new stores. However, the

subsequent COVID-19 pandemic and the emphasis on conserving cash has resulted in Lovisa

scaling back its planned capital expenditure. Nevertheless, management is confident that one

particular planned new stand-alone store in the Sydney suburb of Luddenham, close to the

new Western Sydney Airport that is currently under construction, still has huge potential. It is

your task as an aspiring financial manager to quantify the potential benefits, and advise if the

new store is in the best interests of Lovisa’s shareholders.

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