This momentum is attributed to the addition of a key strategic wholesale agency partner on the
RYU is proud to announce new partnerships with several best-in-class wholesale accounts such as Nordstroms, Urban Outfitters, and
COO
He added, “What we are doing is taking the category-pillar approach. We don’t want to go in and be a mile-wide and an inch-thick. We want to go in and be meaningful to our partners to deliver the solutions that ultimately drive dollars per square foot in the retail environment.”
RYU is building three main wholesale channels to scale their business through premium brand partners and volume retail partnerships. Each is designed to fill a particular need:
Traditional: Stockholding retailers (both brick + mortar and ecommerce) at standard keystone margins, focused on current season products.
Drop ship: Digital partners who will sell RYU products on their ecommerce storefronts through EDI (electronic data interchange) drop shipping; and
Clearance: Premium clearance partners to clear out old inventory.
For 2023, RYU’s wholesale plan is to position its Impact collection as the go-to brand inside the sporting goods channels, reaching accounts such as REI, Scheel’s, Dick’s Sporting Goods, and
Blair said about the wholesale push, “The exciting part of it is that everybody wants to talk to us. The feedback I’m constantly getting from the rep group and the sales leadership is that everybody’s excited.”
About
Forward-Looking Statements Disclaimer
This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as statements that: RYU will sell products or receive media exposure as a result of new immersive retail systems. There are numerous risks and uncertainties that could cause actual results and RYU’s plans and objectives to differ materially from those expressed in the forward-looking information, including but not limited to adverse market conditions and the inability of RYU’s wholesale plans to result in a positive contribution Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.
Neither the
Chairman & Chief Executive Officer
416-434-5750
Corporate Communications
investors@ryu.com
www.ryu.com
Attachment
- RYU’s New Partnerships with Wholesale Icons such as
Zappos , Urban Outfitters, Nordstroms, and Others
RYU’s New Partnerships with Wholesale Icons such as Zappos , Urban Outfitters, Nordstroms, and Others
RYU Apparel Inc. - New Partnerships
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