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Piper Jaffray Highlights Brands with Exposure to U.K. and EU (GCO) (DECK) (FOSL) (RL) (PVH)

June 24, 2016 7:39 AM EDT
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Piper Jaffray analyst Erinn Murphy provided a list of retail brands they cover with UK and European sales exposure.

The two highest in their universe with UK exposure, according to their estimates, are Genesco (NYSE: GCO) (~13-14% of sales) and Deckers Outdoor (NYSE: DECK) (10-11% of sales).

For Fossil Group (NASDAQ: FOSL), 33% of their sales are from Europe--Germany is their largest region and UK the second largest region, by their estimate.

Murphy commented: "The two highest in our universe (by our estimate) are GCO (~13-14% of sales) and DECK (10-11% of sales). For FOSL, 33% of their sales are from Europe--Germany is their largest region & UK the second largest region. For RL, we believe their UK exposure exceeds that of PVH. To wit, we estimate RL's UK exposure is between 5-10% of total sales and PVH's UK exposure is <5%. WWW, while European reported sales are 13% of their total sales, their greatest currency exposure in Europe is the Pound. We note that GIII & FINL do no business in Europe."



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