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It’s tough on the organisational side as well. The constant changes puts stress on the Mytheresa teams, Kliger says, regarding how to best prepare and deal with an unsteady retail and regulatory environment. “Even though obviously the change that was announced yesterday regarding China tariffs is positive, it was announced as a pause,” he says. “What does it mean? What does it mean if it comes back?” Given this, Kliger expects that the US will continue to fluctuate in the coming year, but is confident that Mytheresa’s global playing field will enable the company to weather this consumer ambivalence. Plus, the fact that what he calls “the fundamentals” are strong (low unemployment; stable interest rates) gives him confidence.Promoted To Great Granma Flower Shirt
Mytheresa’s new stablemates are also better equipped to handle US instability, the CEO adds. They have local warehouses with local stock, providing a level of stability that Mytheresa, which ships internationally, lacks. Ultimately, LuxExperience — including Mytheresa — is well equipped to push forth in the US, Kliger contends. “We have profited a lot over the last [few] years by significant growth in the US,” he says, adding that, despite current upheaval, the team believes there’s still a significant run rate. “The competitive landscape is such that I think there’s even more opportunity going forward, with all the upheaval that seems to be happening,” he adds. (Current upheaval includes Saks Global’s ongoing debt troubles and the struggling multi-brand landscape.) “We believe we have a better offer than some of the local players.”
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