FBC Holding, Inc. (FBCD) May Look to Expand into Los Angeles
FBC Holding, Inc. (OTC PINK:FBCD) has announced its intentions to expand retail operations by potentially opening a location on Melrose Avenue, Los Angeles. President & CEO Lisa Nelson emphasized the significance of this move for company growth and revenue. The company has submitted its application for this location and is awaiting approval. Additionally, FBC is planning a meeting regarding a retail storefront in Las Vegas. The apparel market is projected to increase from $1.5 trillion in 2021 to $2 trillion by 2026, indicating a favorable environment for expansion.
- Expansion into the lucrative Los Angeles retail market can significantly increase revenue.
- Application for a retail location has been submitted, indicating progress in business development.
- Opportunities in Las Vegas are also being explored, showing proactive growth strategies.
- Approval for the Los Angeles location is pending, which introduces uncertainty.
- The global apparel market's recovery from pandemic-related difficulties is uncertain.
SCOTTSDALE, AZ / ACCESSWIRE / April 5, 2022 / Today FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce that the company is working on expanding its retail location into multiple places and Los Angeles may be a current option.
FBC Holding, Inc. has been working significantly on making massive things happen and the company is currently set on a retail location in Los Angeles on Melrose Avenue. Melrose Avenue is a shopping, dining and entertainment destination in Los Angeles that starts at Santa Monica Boulevard, at the border between Beverly Hills and West Hollywood. It ends at Lucile Avenue in Silver Lake. Melrose runs north of Beverly Boulevard and south of Santa Monica Boulevard. President & CEO Lisa Nelson states "We have submitted our application and now we are just waiting for approval." Lisa Nelson also stated, "This is a giant step for the company as far as revenue and growth go and we can't stress enough how hard we have been working to make all these things happen!" FBC Holding, Inc. is going to have a meeting this month with an Agent regarding the Las Vegas retail storefront and will keep the public informed on all of this information moving forward.
The apparel market encompasses every kind of clothing, from sportswear to business wear, from value clothing to statement luxury pieces. After difficulties in 2020 during the coronavirus pandemic, when sales across the apparel industry took a hit, the global demand for clothing and shoes is set to rise again. The revenue of the global apparel market was calculated to amount to 1.5 trillion U.S. dollars in 2021 and was predicted to increase to approximately two trillion dollars by 2026. The countries that account for most of this apparel demand are the United States and China, both generating higher revenues than any other country.
About Formrunner Apparel Inc.
Formrunner Apparel Inc. is a wholly owned subsidiary of FBC Holding, Inc. Formrunner Apparel Inc. carries a variety of Top-Notch Streetwear & Accessories located in Scottsdale, Arizona. Formrunner can be viewed and purchased on the Company's website at www.formrunnerapparel.com
Formrunner Apparel Inc's main website at www.formrunnerapparel.com
Twitter: https://www.twitter.com/FormrunnerTM
Instagram: https://www.instagram.com/Formrunner
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Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See FBC Holding, Inc filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking.
SOURCE: FBC Holding, Inc.
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