Clikia Corp. Receives an Additional $100,000 Purchase Order for Luxury Timepieces From Signet International, Bringing Total to Over $450,000 This Year

Rhea-AI Summary

Clikia Corp. (OTC: CLKA) announced a new $100,000 purchase order from Signet International Group, increasing total orders to over $450,000 for 2021. This order supports their position in the travel retail market, which, despite a significant drop in 2020 due to COVID-19, is projected to recover with a conservative growth rate of 4.1% annually, reaching an estimated $46.11 billion by 2028. CEO Anil Idnani emphasized that this growing distribution network is expected to enhance revenues and profitability for Clikia as the market recovers.

Positive

• New $100,000 purchase order from Signet, totaling over $450,000 for 2021.
• Projected growth of the travel retail market, reaching $46.11 billion by 2028.

Negative

• Travel retail market suffered a decline of over 55% in 2020 due to COVID-19.

FORT LEE, NJ, Feb. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Clikia Corp. (OTC: CLKA), an emerging leader in the global custom luxury goods marketplace, through its wholly owned subsidiary, Maison Luxe, announces an additional $100,000 purchase order from Signet International Group (“Signet”) for the travel retail market bringing total purchase orders so far this year from Signet to over $450,000.

The travel retail market includes airports, cruise lines, ferries, and ports. Airports lead the way and are expected to remain the dominant player in the upcoming years. The travel retail market experienced a tremendous setback in 2020 due to the worldwide pandemic known as COVID-19. As a result, the travel retail market which was valued at US$ 74.31 Bn in 2019 is estimated to reach only US$ 33.43 Bn in 2020, registering a year-on-year decline of over 55%. However, with expected relaxations in travel restrictions from the start of 2021, the market can expect a steady increase in retail sales during the forecast period from 2020 to 2028.

However, at a conservative growth forecast of about 4.1% during the forecast period, the travel retail market is expected to reach US$ 46.11 Bn by 2028. Some of the factors driving this estimated growth include an uptick in international travel post COVID-19 restrictions, travel retailers adopting digital technologies to drive online sales, and promotional activities planned by leading retailers. This outlook for 2021 and beyond is very encouraging to the projected growth of Clikia. For further information, please visit https://www.researchandmarkets.com/reports/5232540/travel-retail-market-size-market-share?utm_source=GNOM&utm_medium=PressRelease&utm_code=tzzqvx&utm_campaign=1489258+-+Global+Travel+Retail+Market+Report+2020%3a+Market+was+Valued+at+US%24+74.31+Billion+in+2019+-+Leading+Duty-Free+Operators+Experienced+a+55%25+to+65%25+Fall+in+Turnover&utm_exec=chdo54prd.

Anil Idnani, CEO of Clikia, stated, “The increasing distribution through Signet’s established network in the travel retail market is leading to increasing revenues and profitability for Clikia as the travel retail market recovers from the devastating effects of Covid-19.”

ABOUT CLIKIA CORP.

Clikia Corp., through its wholly owned subsidiary (1) Maison Luxe, offers highly desired luxury retail consumer items that are responsibly sourced and affordable to the end customer. Maison Luxe focuses its efforts primarily within the fine time pieces and jewelry segments both on a wholesale and B2C (business-to-consumer) basis (2) Amani Jewelers, operates in the jewelry marketplace, with a strategic focus on the rapidly growing lab-grown diamonds market. For more information, please reference https://www.maisonluxeny.com.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MEDIA INQUIRIES, PLEASE CONTACT:

Anil Idnani, CEO

Anil@clikiacorp.com

551-486-3980

FAQ

What is the latest news about Clikia Corp. (CLKA)?

Clikia Corp. announced a new $100,000 purchase order from Signet International Group, bringing total orders to over $450,000 for 2021.

How has COVID-19 affected the travel retail market?

The travel retail market experienced a decline of over 55% in 2020 due to COVID-19 impacts.

What is the forecast for the travel retail market?

The travel retail market is expected to reach $46.11 billion by 2028, with a conservative annual growth forecast of 4.1%.

What does Clikia Corp. focus on in its business operations?

Clikia Corp. focuses on luxury retail consumer items through its subsidiary, Maison Luxe, primarily in fine timepieces and jewelry.