Grounded People Celebrates Record Quarter of Sales Orders in 2024: Representing a 6,500% Increase Over the Same Period in 2023

Rhea-AI Summary

Grounded People Apparel, a sustainable shoe company, announced a record-breaking 6,500% increase in sales orders for Q1 2024 compared to the same period in 2023. March 2024 was particularly successful, with a 46.7% increase in sales from February 2024 and a 3,825% increase from March 2023. This surge reflects growing consumer demand for eco-friendly products. To sustain this momentum, Grounded plans to enhance marketing efforts, expand its product line, and explore new markets. The company aims to bolster sales and brand reputation while adhering to sustainability and fair trade values.

Positive

• Record-breaking 6,500% increase in sales orders in Q1 2024.
• March 2024 saw a 46.7% sales increase from February 2024.
• Sales orders rose by 3,825% in March 2024 compared to March 2023.
• Growing consumer demand for sustainable and fair-trade products.
• Plans to enhance marketing efforts and expand product line.
• Exploring new market opportunities to sustain growth.

Negative

• The press release lacks detailed financial figures, such as revenue generated from the increased sales.
• No specific information on potential costs or investments needed for expanding market presence and product lines.
• The sustainability of the sales growth trend is uncertain without historical data for comparison.

VANCOUVER, BC / ACCESSWIRE / June 7, 2024 / Grounded People Apparel Inc. ("Grounded" or the "Company") (CSE:SHOE)(OTCQB:GPAIF)(Frankfurt:K1G)(WKN:A3DVB1), a fair-trade and sustainable shoe company based in Vancouver, British Columbia, Canada, and dedicated to reducing the harmful impact of the global fashion industry on the environment, announces a record increase in sale orders for Grounded shoes for the first quarter of 2024, marking a significant 6,500% increase over the same period in 2023. This unprecedented surge in sales orders could indicate increasing consumer demand for its products, reflecting a successful alignment of Grounded's operations with rising eco-conscious trends and consumer preferences in the global fashion industry.

The month of March stood out as the best performing month in the first quarter of 2024, with sales orders increasing by 46.7% compared to February 2024. Furthermore, March 2024 experienced a remarkable 3,825% increase in orders from the same month the previous year. This significant growth exemplifies Grounded's expanding market reach and consumer appeal amid a growing emphasis on sustainability.

Building on this unprecedented sales success, Grounded is actively developing strategies to sustain and further increase its market presence. The Company plans to capitalize on this momentum by enhancing its marketing efforts, expanding its product line, and exploring new market opportunities. This approach aims not only to boost sales but also to strengthen the brand's reputation as a leader in sustainable fashion. The Company's commitment to innovation and customer satisfaction remains at the forefront of its growth strategy, ensuring that each step forward aligns with its core values of sustainability and fair trade.

"We are thrilled to announce a record quarter of sales orders and embrace this landmark achievement for Grounded. This extraordinary increase in orders clearly shows the growing demand for our sustainable and fair-trade footwear and reinforces our commitment to environmental stewardship and ethical practices. As we celebrate this milestone, we are motivated to continue this upward trajectory, aiming to boost our sales and positive impact throughout the year. Our focus remains on innovation and sustainable expansion as we strive to meet and surpass the expectations of our eco-conscious customers," stated Maximilian Justus, the Company's CEO.

ABOUT GROUNDED PEOPLE APPAREL

Grounded People Apparel Inc. is a Vancouver, British Columbia, Canada based innovative apparel company focused on delivering high quality products to its customers that are 100% PeTA - APPROVED vegan. The Company is primarily engaged in the business of fair-trade, sustainable and earth-conscious fashion. The Company's initial products, which launched in the fourth quarter of 2021, were its high-top and low-cut canvas sneakers, which are made from sustainable, ethically-sourced and produced materials, and are manufactured by fair-trade workers, in a 100% vegan manufacturing facility which is located in Brazil.

In addition to its commitment to a fashion industry that reduces waste and environmental impacts, the Company aims to create a meaningful positive impact on the world through its L.A.C.E.S. campaign. The L.A.C.E.S. campaign provides consumers an option to select a specific set of shoelaces to accompany their footwear purchase the colour of which is associated with one of the charities the Company has committed to support, whereby all profits from the sale of shoelaces will be donated correspondingly.

ON BEHALF OF THE BOARD OF DIRECTORS

"Maximilian Justus"
Maximilian Justus
Chief Executive Officer

For further information, please contact:

Email: investors@groundedpeople.com
Telephone: 1-844-673-6753

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY DISCLAIMER STATEMENT

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation, including with respect to the social and financial objectives of the Company. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties, and uncertain capital markets. Readers are cautioned that actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Grounded People Apparel Inc.

View the original press release on accesswire.com

FAQ

What is the percentage increase in sales orders for Grounded People in Q1 2024?

Grounded People reported a 6,500% increase in sales orders for Q1 2024 compared to the same period in 2023.

How did March 2024 sales compare to February 2024 for Grounded People?

Sales orders in March 2024 increased by 46.7% compared to February 2024.

What was the increase in sales orders for Grounded People in March 2024 compared to March 2023?

Sales orders in March 2024 rose by 3,825% compared to March 2023.

What strategies is Grounded People planning to sustain their sales growth?

Grounded People plans to enhance marketing efforts, expand its product line, and explore new market opportunities.

What is the stock symbol for Grounded People?

Grounded People's stock symbol is GPAIF.