Lust for Life Footwear Meeting Strong Consumer Demand with On-Time Deliveries for Projected 50% Revenue Growth in Shipping Dollars for 2022 New Product Lines to Include Men's Styles for the First Time to Significantly Expand Market Share Penetration
Renewable Energy & Power, Inc. (OTC PINK:RBNW) announces that its subsidiary, Lust for Life Footwear, has successfully shipped its Spring Sandals on time despite ongoing supply chain disruptions. The company is on track for a 50% growth in shipping dollars for the year. Lust for Life will expand into men's footwear, with production expected to start in September/October 2022. They are also partnering with a Brazilian manufacturer for faster production and shipping. Anticipated sales from a new Italian brand could reach $750,000 in 2022.
- On-time delivery of Spring Sandals amid ongoing supply chain challenges.
- Projected 50% increase in shipping revenue for the year.
- Expansion into men's footwear with a new retail partner.
- Potential sales of $750,000 from the Italian brand in 2022.
- Strong partnership with a Brazilian manufacturer to improve production lead times.
- None.
NEW YORK, NY / ACCESSWIRE / February 10, 2022 / Lust for Life Footwear LLC (the "Company"), the main subsidiary of Renewable Energy & Power, Inc. (OTC PINK:RBNW), is excited to announce our Spring Sandals have shipped on time despite the shipping and supply chain interruptions that continue to affect the industry. We have been successful in minimizing shipping hurdles through organizational streamlining, pre-booking on vessels and sourcing with reliable factories. This strategy allowed for on-time delivery of our popular women's sandals to Lust for Life customers and has insured us a growth potential next year of a fifty percent increase in shipping dollars.
Lust for Life is now ramping up for Fall 2022 and is entering into men's footwear. We are onboarding a large retailer for production of men's and women's footwear at our Mexican operation. We are slated to begin manufacturing the Lust for Life men's line in September/October 2022 and our women's line will follow with sandals. Our technologically equipped factories in Mexico fully participate in the USMCA trade treaty. This is a big incentive as there is zero duty.
As reported previously, Lust for Life Footwear is manufacturing an Iconic Brand from Italy and will begin shipping the first orders of approximately
Lust for Life Footwear is also very pleased to announce our powerful relationship with Brazil. The short lead time for manufacturing as well as shipping has given us a clear competitive edge. We are currently working with a strong partner that has mounted a sample facility to turn development samples quickly. This is giving Lust for Life a huge opportunity to turn development into production. We are ramping up this operation during this 1st quarter and will begin shipping in the 2nd quarter of this year.
Looking ahead to the coming months, Lust for Life Footwear is in discussions with a large e-commerce customer to manufacture their athletic footwear. Lust for Life continues to build specialized product for each individual customer and their needs. There continues to be large growth opportunities with Lust for Life's existing customers which comes from the ability of our retailers to continue to maintain higher margins alongside on-time delivery and customer specific product.
About Renewable Energy & Power, Inc.:
Renewable Energy & Power, Inc. (OTC:RBNW) is the parent company to Lust for Life Group. RBNW is a holding company for apparel lines with both direct to consumer and wholesale sales to national retail chains. Previously, RBNW was focused on renewable energy projects, however in August 2019, with the acquisition of Blind Faith Concepts, Inc., which holds
Safe Harbor and Forward-Looking Statements:
This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company's OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
IR Contact:
Lust for Life Footwear, LLC
55 Washington Street, Suite 703
Brooklyn, NY 11201
Phone:718-971-9704
karenberend@thelflgroup.com
SOURCE: Renewable Energy and Power, Inc.
View source version on accesswire.com:
https://www.accesswire.com/687881/Lust-for-Life-Footwear-Meeting-Strong-Consumer-Demand-with-On-Time-Deliveries-for-Projected-50-Revenue-Growth-in-Shipping-Dollars-for-2022-New-Product-Lines-to-Include-Mens-Styles-for-the-First-Time-to-Significantly-Expand-Market-Share-Penetration
FAQ
What is Renewable Energy & Power, Inc.'s stock symbol?
What new product lines is Lust for Life Footwear launching?
What growth is projected for Lust for Life Footwear in 2022?
When will Lust for Life Footwear begin manufacturing men's footwear?
What is the expected revenue from the new Italian brand in 2022?
