ECD Auto Design Signs With Ten Easy Street of Nantucket to Expand Retail Presence
ECD Automotive Design (Nasdaq:ECDA), the largest Land Rover and Jaguar restoration company, announced a partnership with Ten Easy Street of Nantucket, a luxury concept showroom. The collaboration aims to expand ECD's retail presence by showcasing their custom vehicles in Nantucket's high-end shopping district near the Boat Basin.
The partnership will enable ECD to display vehicles for sale on Nantucket in 2025 and host exclusive client events throughout the season. This strategic retail expansion is designed to increase the company's sales funnel by providing potential customers with hands-on experience of their custom builds in a luxury setting.
ECD Automotive Design (Nasdaq:ECDA), la più grande azienda di restauro di veicoli Land Rover e Jaguar, ha annunciato una partnership con Ten Easy Street di Nantucket, uno showroom di lusso. La collaborazione mira ad espandere la presenza al dettaglio di ECD, mostrando i loro veicoli personalizzati nel distretto commerciale di alta gamma di Nantucket, vicino al Porto.
La partnership consentirà a ECD di esporre veicoli in vendita a Nantucket nel 2025 e di ospitare eventi esclusivi per i clienti durante tutta la stagione. Questa espansione strategica al dettaglio è progettata per aumentare il funnel di vendita dell'azienda, offrendo ai potenziali clienti un'esperienza diretta dei loro modelli personalizzati in un contesto di lusso.
ECD Automotive Design (Nasdaq:ECDA), la mayor empresa de restauración de Land Rover y Jaguar, anunció una asociación con Ten Easy Street de Nantucket, un showroom de lujo. La colaboración tiene como objetivo ampliar la presencia minorista de ECD, mostrando sus vehículos personalizados en el distrito comercial de alta gama de Nantucket, cerca de la zona del puerto.
La asociación permitirá a ECD exhibir vehículos a la venta en Nantucket en 2025 y organizar eventos exclusivos para clientes durante toda la temporada. Esta expansión minorista estratégica está diseñada para aumentar el embudo de ventas de la empresa al ofrecer a los clientes potenciales una experiencia práctica de sus construcciones personalizadas en un entorno de lujo.
ECD 자동차 디자인 (Nasdaq:ECDA), 가장 큰 랜드로버 및 재규어 복원 회사, 낸터켓의 텐 이지 스트리트와 파트너십을 발표했습니다. 이번 협력의 목적은 낸터켓의 보트 베이스인 고급 쇼핑 지구에서 맞춤형 차량을 선보이며 ECD의 소매 입지를 확장하는 것입니다.
이 파트너십은 ECD가 2025년에 낸터켓에서 판매용 차량을 전시하고 시즌 내내 독점 고객 이벤트를 개최할 수 있게 해줍니다. 이러한 전략적 소매 확장은 고객들에게 럭셔리 환경에서 자신들의 맞춤형 모델을 직접 체험할 기회를 제공함으로써 회사의 판매 리드를 증대시키기 위해 설계되었습니다.
ECD Automotive Design (Nasdaq:ECDA), la plus grande entreprise de restauration de Land Rover et Jaguar, a annoncé un partenariat avec Ten Easy Street de Nantucket, un showroom de luxe. Cette collaboration vise à élargir la présence commerciale d'ECD en mettant en valeur leurs véhicules personnalisés dans le quartier commerçant haut de gamme de Nantucket, près du Port.
Le partenariat permettra à ECD d'exposer des véhicules à vendre à Nantucket en 2025 et d'organiser des événements exclusifs pour les clients tout au long de la saison. Cette expansion stratégique du secteur de la vente au détail est conçue pour accroître l'entonnoir des ventes de l'entreprise en offrant aux clients potentiels une expérience concrète de leurs créations personnalisées dans un cadre luxueux.
ECD Automotive Design (Nasdaq:ECDA), das größte Unternehmen für Restaurierungen von Land Rover und Jaguar, hat eine Partnerschaft mit Ten Easy Street in Nantucket, einem luxuriösen Konzeptshowroom, angekündigt. Die Zusammenarbeit zielt darauf ab, die Einzelhandelspräsenz von ECD auszubauen, indem ihre maßgeschneiderten Fahrzeuge im hochwertigen Einkaufsviertel von Nantucket in der Nähe des Bootsanlegers präsentiert werden.
Die Partnerschaft ermöglicht es ECD, 2025 Fahrzeuge zum Verkauf in Nantucket auszustellen und exklusive Kundenveranstaltungen während der gesamten Saison zu veranstalten. Diese strategische Einzelhandelserweiterung soll den Verkaufstrichter des Unternehmens erhöhen, indem potenziellen Kunden die Möglichkeit gegeben wird, ihre maßgeschneiderten Modelle in einem luxuriösen Ambiente hautnah zu erleben.
- Strategic retail expansion into affluent Nantucket market
- New physical showroom location secured for 2025
- Access to high-net-worth customer base in prime location
- Capital-efficient approach to increase sales funnel
- None.
Insights
The partnership with Ten Easy Street represents a strategic retail expansion into an affluent market, though its impact may be While Nantucket's high-net-worth population aligns well with ECD's luxury vehicle offerings, the seasonal nature of the island (peak during summer months) could restrict year-round sales potential. The showroom's location near the Nantucket Boat Basin provides excellent exposure to wealthy visitors and residents, but the actual revenue impact may be modest given the company's
The capital-efficient approach to retail expansion through partnerships rather than owned locations is prudent for a small-cap company. However, this particular deal's contribution to overall sales growth may be constrained by the island's demographics and seasonal patterns.
KISSIMMEE, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (Nasdaq:ECDA) (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types and Ford Mustangs announced today that it has signed with Ten Easy Street of Nantucket, a concept showroom, showhouse and gathering space, to expand ECD’s retail presence and showcase its one-of-one vehicles as part of their curated creative lifestyle brands, furnishings and social opportunities. Ten Easy Street fosters a collaborative environment where innovation meets tradition, making it a cornerstone for inspiration among the island's influential community.
Ten Easy Street transforms a historical luxury residence into an exclusive boutique, offering affluent shoppers a private and intimate setting to explore and purchase your latest collections. Ten Easy Street sits in the heart of the heavily trafficked Nantucket Boat Basin.
Scott Wallace, CEO of ECD, said, “Working with Ten Easy Street will provide an exciting opportunity to expand our retail presence and showcase our one-of-one vehicles in a setting ideally suited for unique brands, high end luxury and bespoke experiences. Ten Easy Street will showcase ECD vehicles that will be available for sale on the island of Nantucket in 2025 and allow us to host exclusive client events from Daffodil Weekend through Holiday Stroll.
“As we continue to roll out our retail strategy, we believe showcasing our vehicles in select locations where consumers can see, touch and drive our unique cars will help to increase our sales funnel and fill the factory in a capital efficient manner. ECD has a long history of selling its vehicles to the residents of Nantucket and we are excited about the opportunity to have a physical location on the Island in 2025.”
“We are thrilled to welcome ECD to our family of brands,” shares Ten Easy Street founder and interior designer Eileen Kathryn Boyd. “The partnership is in perfect alignment with the design-forward approach of the house and we look forward to an exciting and eventful season together.”
About Ten Easy Street
At its center, design is about creating a feeling—evoking a mood that lingers long after you’ve left a space. Welcome to Ten Easy Street, a Nantucket Shoppe House, concept showroom, show house, and activation space in a reimagined historic home on the most coveted piece of land in the Northeast, offering panoramic views of the harbor, just steps from where the ferry disembarks. At Ten Easy Street, visitors experience an interactive showcase of high-quality, maker-minded designs and handcrafted furnishings, curated by designer Eileen Kathryn Boyd. This venue not only bridges the gap between makers and buyers but also serves as a vibrant cultural hub for events and gatherings. Emphasizing co-creativity, Ten Easy Street fosters a collaborative environment where innovation meets tradition, making it a cornerstone for inspiration among the island's influential community… and beyond.
About ECD Auto Design
ECD, a public company trading under ECDA on the Nasdaq, is a creator of restored luxury vehicles that combines classic English beauty with modern performance. Currently, ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic, the Jaguar E-Type and we have recently added the Ford Mustang. Each vehicle produced by ECD is fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in 2,200 hours by master-certified Automotive Service Excellence (“ASE”) craftsmen. The company was founded in 2013 by three British “gear heads” whose passion for classic vehicles is the driving force behind exceptionally high standards for quality, custom luxury vehicles. ECD's global headquarters, known as the “Rover Dome,” is a 100,000-square-foot facility located in Kissimmee, Florida that is home to 90 talented craftsmen and technicians, who hold a combined 61 ASE and five master level certifications. ECD has an affiliated logistics center in the U.K. where its seven employees work to source and transport 25-year-old work vehicles back to the U.S. for restoration. For more information, visit www.ecdautodesign.com.
Investor Contact:
Brian M. Prenoveau, CFA
MZ Group – MZ North America
ECDA@mzgroup.us
+561 489 5315
SOURCE: ECD Automotive Design, Inc.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/23abc310-b1fc-4c00-a4cd-5cfceec24aa3
FAQ
When will ECD Automotive Design (ECDA) open its Nantucket showroom at Ten Easy Street?
What vehicles will ECDA showcase at its new Nantucket location?
How will the Ten Easy Street partnership impact ECDA's sales strategy?
Where is ECDA's new Nantucket showroom located?
