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Envela Corporation (NYSE American:ELA) - the North American re-commerce leader - announced that as part of its quest to double its retail business in the next two years it expects to open at least 4 new retail stores by the end of the third quarter this year. The first of these is planned for Phoenix, Arizona. Such brick-and-mortar locations intended for new markets will complement the Company's existing footprint in Dallas and Charleston.
"Envela is a growth company, and our accelerated expansion is a direct reflection of our continued success," said John Loftus, Envela's Chairman and CEO. "We have earned a reputation for managing costs and delivering value for both customers and shareholders, and with significant growth opportunity ahead of us, I'm confident that our exceptional leadership team will unlock extraordinary value for our stakeholders."
Phoenix is the 14th-fastest-growing large metropolitan area in the U.S., making it a natural choice for our expansion. The planned Phoenix store (6,000 square feet) will build on the success of the company's recent openings and introduce that market to our extremely competitive prices, transparent transactions, and invaluable information resources.
Posted In: ELA
