Live Ventures Announces Reopening of Vintage Stock Stores

Rhea-AI Summary

Live Ventures Incorporated (Nasdaq: LIVE) announced a business update highlighting the reopening of Vintage Stock stores. As of May 14, 2020, 58 out of 62 locations have resumed operations following COVID-19 guidelines. The company has implemented health measures such as face mask requirements and enhanced cleaning protocols. CEO Rodney Spriggs expressed excitement about serving customers with entertainment products that provide enjoyment during challenging times. Live Ventures focuses on acquiring profitable companies and operates subsidiaries in various sectors, including carpeting and appliances.

Positive

• 58 out of 62 Vintage Stock stores have reopened, indicating a positive recovery trend.
• Implementation of COVID-related safety measures enhances customer and employee safety.
• CEO expresses optimism about serving customers and contributing to community well-being.

Negative

• Four stores remain closed, which may affect overall sales performance.

LAS VEGAS, May 14, 2020 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, today provided a business update to its stakeholders and the communities in which its Vintage Stock stores operate.

Vintage Stock began re-opening its stores on May 1 and, as of today, all but four of 62 stores have reopened and are operating in accordance with local guidelines.  To help ensure the health and safety of Vintage Stock’s team members and customers, the company has instituted numerous COVID-related safety measures, including requiring employees to wear face masks,  encouraging customers to wear face masks, installing sneeze guards at registers, enhancing cleaning of commonly touched surfaces, and requiring increased employee hand washing, just to name a few.

“We are excited to be reopening our stores to safely serve the public with exciting entertaining products that provide a momentary escape from today’s stresses,” said Rodney Spriggs, Vintage Stock’s CEO.  Vintage Stock also serve its customers online at www.vintagestock.com.

About Live Ventures

Live Ventures Incorporated, originally incorporated in 1968, is a diversified holding company with several wholly owned subsidiaries and a strategic focus on acquiring profitable companies that have demonstrated a strong history of earnings power. Through its subsidiary Marquis Industries, the company manufactures and sells residential and commercial carpets primarily in North America. Marquis Industries also designs, sources and sells hard-surface flooring. Through its subsidiary Vintage Stock, an award-winning entertainment retailer, the company sells new and pre-owned movies, classic and current generation video games and systems, music on CD & LP, collectible comics, books, toys, and more. Vintage Stock, through its stores and website, ships product worldwide directly to the customer's doorstep. Through its subsidiary ApplianceSmart, the company sells new major household appliances in the United States through a chain of company-owned retail stores operating under the name ApplianceSmart®.

Contact:
Live Ventures Incorporated
Tim Matula, Investor Relations
(425) 836-9035
tmatula@liveventures.com
http://liveventures.com
Source:  Live Ventures Incorporated

FAQ

What is the current status of Live Ventures' Vintage Stock stores as of May 2020?

As of May 14, 2020, 58 out of 62 Vintage Stock stores have reopened.

What safety measures has Live Ventures implemented in Vintage Stock stores?

Live Ventures has instituted several COVID-related safety measures, including requiring face masks and enhanced cleaning protocols.

What is Live Ventures' business focus?

Live Ventures focuses on acquiring profitable companies and operates subsidiaries in carpet manufacturing, retail entertainment, and household appliances.

Who is the CEO of Vintage Stock?

Rodney Spriggs is the CEO of Vintage Stock.