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.