RYU Apparel Hires Active Apparel Heavyweight to Lead Global Sales & Execute Wholesale Strategy

Rhea-AI Summary

RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) announced the hiring of DJM Sales Consulting to spearhead global sales and oversee its wholesale strategy. DJM, a seasoned professional with 25 years of experience in the sporting goods and fashion industries, is tasked with enhancing RYU's wholesale business through a three-phase plan emphasizing digital channels. With a proven track record, including a $35M revenue increase at SAXX Underwear, DJM aims to strengthen RYU's market presence and drive revenue growth by aligning with top retailers.

Positive

• Hiring DJM Sales Consulting brings extensive industry experience and expertise.
• DJM's previous success includes generating over $35M in revenue during their tenure at SAXX Underwear.
• The three-phase sales strategy aims to scale RYU's wholesale business significantly.

Negative

• Concerns about continuity and experience gaps as a new strategy is implemented.

VANCOUVER, BC, March 3, 2022 /PRNewswire/ - RYU Apparel Inc. (TSXV: RYU) (OTCQB: RYPPF) (FWB: RYAA) ("RYU" or the "Company"), creator of award-winning urban athletic apparel, is pleased to announce the hiring of DJM Sales Consulting "DJM" —an industry heavyweight—to lead global sales and oversee the company's wholesale strategy.

As a 25-year veteran of the outdoor, sporting goods and fashion industries, DJM is known for customer-focused drive, innovation, positive leadership style and consistent growth. DJM has designed sales strategies for Red Bull North America, TenTree sustainable apparel, Oberlap Group of mountaineering brands, Kulie bike bags and other global companies. During their tenure at SAXX Underwear, they created a global wholesale division that generated $35M+ in increased revenue.

As part of DJM's role to lead global sales efforts, they will be tasked with scaling RYU's wholesale business through the company's Three Phase Plan: digital, premium brand partners and volume retail partnerships… with digital leading the way. This important part of their overall sales strategy for 2022 and beyond will play off the company's strengths of digital, brand and product.

By partnering with best-in-class retailers that share RYU's core values, DJM will help RYU expand its brand presence and gain access to new audiences, building loyalty among consumers who align with the company's "Movement Matters" mantra. Their "category killer product" strategy with long cycle franchise pieces and high cadence seasonal updates will appeal to the partners they're targeting, and RYU will benefit from in-store activations, concierge services and more.

This combination of e-commerce and brick-and-mortar retail has proven highly effective. According to Rob Garf, VP and GM of Retail at Salesforce, 60% of online sales are "influenced" by brick and mortar¹. Most people prefer in-person shopping over online, and after nearly two years of the pandemic, the in-store experience has become even more important. A sales strategy that supports both channels maximizes the synergy between them.

"DJM is well-known and well-respected in the active apparel industry, so we are thrilled to have them lead our sales strategy," says Cesare Fazari CEO & Chairman of RYU. "Coming out of another tough year for retailers, their passion, tenacity and strong work ethic are welcomed and appreciated. By leveraging brand, product, digital and retail, I know they will lead us tirelessly toward our revenue goals… and beyond."

DJM will report to the COO and lead a dedicated sales team.

About RYU Apparel
RYU Apparel (TSXV: RYU, OTCQB: RYPPF), or Respect Your Universe, is an award winning urban athletic apparel and accessories brand engineered for active lifestyles. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance. For more information, please visit the RYU website at: http://ryu.com.

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1	https://www.morningbrew.com/retail/stories/2021/12/22/the-most-overlooked-retail-trends-of-2021

Forward Looking Statements Disclaimer

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions resulting in the inability of RYU to raise necessary financing required to enter and make payments under the proposed definitive agreements; (ii) the inability of RYU to obtain any necessary approvals in respect of the proposed agreements, including approvals necessary for the issuance of the RSU's; and (iii) inability to restructure and transform its business as required. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements. 

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SOURCE RYU Apparel Inc.

FAQ

What is the purpose of hiring DJM Sales Consulting for RYU Apparel?

DJM Sales Consulting is brought on to lead global sales and execute RYU's wholesale strategy.

What experience does DJM bring to RYU Apparel?

DJS has 25 years of experience in the outdoor and sporting goods industries, previously generating over $35M in revenue at SAXX Underwear.

What will be the focus of RYU's new sales strategy?

The sales strategy will focus on digital channels, premium brand partnerships, and volume retail partnerships.

How does RYU plan to integrate e-commerce and retail?

Ryu plans to create synergy between e-commerce and brick-and-mortar sales, as both influence customer purchasing decisions.