Respect Your Universe Announces Q1 2013 Results
(firmenpresse) - PORTLAND, OR -- (Marketwired) -- 05/22/13 -- (TSX VENTURE: RYU) (OTCQB: RYUN), a performance lifestyle apparel brand, is pleased to announce its financial results for the first quarter ended March 31, 2013. Net revenue increased over 500% to US$388,000 compared to US$64,000 for the same period in 2012.
The increase over prior year was driven by the opening of the Company's first retail store in Las Vegas in October 2012, and from growth in its wholesale and ecommerce segments.
"I am pleased with the initial performance of our first store," said Craig Brod, RYU's Chief Executive Officer. "Our store in Las Vegas is our laboratory and it is helping us connect with and learn more about our customers. What we have learned thus far is our customers are delighted with the design, quality and fit of our products, and with the great service our sales team provides. Our customers are also asking us where they can find our products closer to their homes. We fully intend to meet this growing demand by executing our retail strategy in the coming months."
Respect Your Universe Inc. specializes in the design, development and sales of men's and women's performance apparel for the athletic-minded consumer. Crafted from organic and/or recycled materials, our garments and accessories are made for performance, comfort and style. RYU is based on respect, strength and sustainability. For more information, visit .
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.
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1-877-798-8326
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Investor Relations:
1-604-722-7917
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Datum: 22.05.2013 - 07:20 Uhr
Sprache: Deutsch
News-ID 1229777
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Fashion
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