GRCV’s Yuka E-Commerce Reaches New Milestone in Collaboration with Multinational Department Store Corporation: TJX

Rhea-AI Summary

Grand Capital Ventures, Inc. (OTC PINK:GRCV) has announced that its subsidiary, Yuka E-Commerce, has established a vendor account with TJX, a leading off-price retail company. This collaboration includes a pilot Purchase Order featuring luxurious skincare products across over 50 TJX locations worldwide.

Yuka aims to capitalize on the growing demand for beauty and wellness products, which have surged by 47% since 2019, especially during the pandemic. This strategic move is expected to enhance revenue streams within Yuka's Channel Portfolio.

Positive

• Yuka E-Commerce secured a vendor account with TJX, expanding its retail presence.
• The pilot Purchase Order will test a collection of luxurious skincare products in over 50 locations worldwide, potentially increasing market reach.
• Growing demand in the Beauty & Wellness categories, with a reported 47% increase over the period since 2019, indicating favorable market conditions.

Negative

• None.

MIAMI, FL / ACCESSWIRE / February 22, 2021 / Grand Capital Ventures, Inc.'s (OTC PINK:GRCV) ("the Company") wholly-owned subsidiary Yuka E-Commerce ("YUKA") has successfully secured and set up a vendor account with TJX in recent weeks. TJX is a multinational off-price department store that is home to TJ Maxx, Marshalls, Home Goods, Sierra, and more. The TJX Companies, Inc. (TJX) is headquartered in Framingham, Massachusetts. This initial pilot Purchase Order will test out a large collection of items from our internationally distributed luxurious skincare products in over 50 locations worldwide. D'or24k on their newly redesigned ecommerce sites www.DOR24K.com, and www.DOR24Kcosmetics.com for TJMAXX.com & Marshalls.com. Single item SKUs are the main focus, with heightened attention to gift sets and bundles to be placed towards September as additional brands and products have been submitted for review.

"The Beauty & Wellness categories are ever increasing 47% over 2019, especially during Covid-19 with many individuals staying at home the focus has been less about buying color cosmetics and more about skincare essentials…" says Meir Avitan, President of Grand Capital Ventures Inc. "Without access to spas and clinics, there has been a high increase in demand of purchasing products to perform at-home beauty regiments. We highly anticipate the continued success and growth to this new welcomed addition in Yuka's Channel Portfolio. With continued growth and expanding our reach within the vast array of categories, will increase our revenue stream as we continue to focus upon the Beauty/Wellness and CBD realms," He added.

About Yuka E-Commerce
Yuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or expand in the global e-commerce market. YUKA provides a full spectrum of brand building and sales-and-marketing services to expand a client's brand reach. Services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, and product and brand photography. For more information, visit our website at www.Yukaecom.com.

About Grand Capital Ventures, Inc.
Grand Capital Ventures is a company with a historic focus in the nurturing of companies demonstrating a positive upside while striving to bring new technologies and unique products to their respective markets.

For more information, visit our website at www.GRCV.net.

Safe Harbor Statement:

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may," or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

YouTube: https://www.youtube.com/watch?v=Ciy0_sGrfAc

CONTACT:

Grand Capital Ventures, Inc.
1815 NE 144^th St.
North Miami, FL 33181
Office: 786-657-2446 | miko@yukaparis.com

SOURCE: Grand Capital Ventures, Inc.

View source version on accesswire.com:
https://www.accesswire.com/630924/GRCVs-Yuka-E-Commerce-Reaches-New-Milestone-in-Collaboration-with-Multinational-Department-Store-Corporation-TJX

FAQ

What is the recent partnership between Grand Capital Ventures and TJX about?

Grand Capital Ventures' subsidiary Yuka E-Commerce has established a vendor account with TJX to distribute luxurious skincare products in over 50 locations worldwide.

How does this partnership affect GRCV's market presence?

The partnership with TJX is expected to enhance GRCV's market presence by increasing the availability of Yuka's products in major retail locations.

What growth has been observed in the beauty market according to GRCV's press release?

The beauty and wellness market has seen a 47% increase since 2019, particularly due to rising demand for skincare products during the COVID-19 pandemic.

What types of products will be featured through the GRCV and TJX collaboration?

The collaboration will focus on luxurious skincare products, particularly single item SKUs, with additional emphasis on gift sets and bundles.

When can consumers expect to see GRCV's products available at TJX locations?

The initial pilot Purchase Order is currently being tested, with products expected to be available in over 50 TJX locations.