RYU Apparel Inc., a tailored technical urban athletic apparel brand engaged in the development, marketing and distribution of apparel, bags and accessories, has noted a 28 per cent surge in revenue in the second quarter of the year at US $ 339,307 compared with US $ 265,757 in the first quarter of the year.
“We have had cumulative revenue of US $ 850,231 since RYU relaunching in November 27, 2015 and we are extremely content with our year to date revenue performance,” gladly states Marcello Leone, CEO of the company.
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Ryu Apparel, which has a market cap of US $ 11.37 million, offers tops, bottoms, outwear and a range of accessories for both men and women. The company recently opened a new store in Canada as part of its expansion plan.
“The addition of our second and now third stores will allow us to deliver our product to a much broader demographic. Also, with the opening of new stores in Vancouver, stronger revenue is anticipated,” said the CEO of RYU Apparel.
