Respect Your Universe, Inc. Announces Strong Retail Sales Growth
PORTLAND, Ore., Aug. 8, 2013 /PRNewswire/ -- Respect Your Universe, Inc., (TSX VENTURE: RYU) (OTCQB: RYUN) (RYU) is pleased to announce strong retail sales for July at its store located in The Shoppes at the Palazzo, Las Vegas. Retail sales for July 2013 were $49,522, as compared to $33,500 in June 2013, which represented a 45% increase in sales.
"We believe that retail sales at our Las Vegas store are trend positive due, in large part, to our testing of a new promotional pricing strategy, which represented increased value to customers", noted Chief Executive Officer, Craig Brod, PhD. "We are pleased that our customers, which represent a broad spectrum of consumers, are not only responding highly favorably to our strategy, but providing us with clear direction for our future."
Dr. Brod continued "we will continue to listen carefully to our customers and adapt elements of our pricing strategy test to the development of new apparel products and stores."
About Respect Your Universe
Respect Your Universe Inc. is a vertically integrated, active lifestyle apparel brand focused on the needs of individuals and athletes alike. The men's and women's performance and active wear lines are specially designed for people who love to move, feel comfortable and look great. Crafted from organic and/or recycled materials, our products are also designed to help nurture the environment. For more information, visit www.ryu.com.
Disclaimer
Statements regarding the success of our new promotional pricing strategy and our plans to utilize this pricing strategy are forward-looking statements, which are subject to risks and uncertainties that may cause the actual results, performance or achievements of RYU to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others: an economic downturn or economic uncertainty in RYU's key markets; increasing product costs and decreasing selling prices; RYU's inability to anticipate consumer preferences and successfully develop and introduce new products; RYU's inability to manage its growth and the increased complexity of its business; the fluctuating costs of raw materials; RYU's highly competitive market and increasing competition; RYU's inability to successfully open new store locations in a timely manner; and RYU's failure to increase and maintain the value and reputation of its brand. Except as required by law, RYU undertakes no responsibility to update any of the statements contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Respect Your Universe, Inc.
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