zudio is pure hype, just look at their catalog - there is literally nothing in terms of designs or assortments. besides, world over, there is no moat in that ultra fast fashion market, today zudio, tomorrow there will be another story. zudio is like the worst of the fast fashion of the lot. temu, shein, etc. atleast have more assortment, what does zudio have? hype only.
page of course has to now show revenue growth, else derating will pickup, but on balance I do think they are well placed to scale up from these levels. Even in a real tough market, they actually have held up well vs. competition on growth and profitability and like the management keeps saying they dont want to play the discount clearance game, that is strategic. Page commands a premium for these reasons, but yes, growth now is imperative