MONTREAL, Aug. 31, 2017 /CNW/ - LXRandCo, Inc.
("LXRandCo" or the "Company") (TSX: LXR, LXR.WT), an
international omni-channel retailer of branded vintage luxury
handbags and accessories, today announced it is opening 16
additional locations at top performing stores of one of its
existing retail partners in the US. These 16 locations, as
well as the previously announced five locations with House of
Fraser in the UK, bring LXRandCo's existing and announced pro forma
store count to 82.
"As we add new retail partners, we are also building on our
successes with our existing partners to further expand our retail
network," said Fred Mannella, Chief
Executive Officer, LXRandCo. Inc. "These 16 additional
openings mark our second expansion with this partner since we
started with them two years ago and are indicative of the value
that the LXRandCo vintage luxury shopping experience brings to our
partners. With these openings, we remain on track to achieve
our stated target of surpassing 122 LXRandCo locations by year
end."
The 16 additional LXRandCo openings with this retail partner
commenced this week and will continue through October 9, 2017.
About LXRandCo
LXRandCo is a rapidly growing, international omni-channel
retailer of branded vintage luxury handbags and accessories.
LXRandCo sources and authenticates high quality pre-owned products
and sells them through: a retail network of stores located in major
department stores in Canada,
the United States and Europe; wholesale operations primarily in
the United States; and its own
e-Commerce website, www.lxrco.com. LXRandCo offers pre-owned
products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others,
at attractive prices and seeks to appeal to the aspirational
lifestyle needs of women and men of all ages.
Caution Regarding Forward-Looking Statements
Certain statements in this press release are prospective in
nature and constitute forward-looking information and/or
forward-looking statements within the meaning of applicable
securities laws (collectively, "forward-looking
statements"). Forward-looking statements generally, but not
always, can be identified by the use of forward-looking terminology
such as "outlook", "objective", "may", "could", "would", "will",
"expect", "intend", "estimate", "forecasts", "project", "seek",
"anticipate", "believes", "should", "plans" or "continue", or
similar expressions suggesting future outcomes or events and the
negative of any of these terms. Forward-looking statements in this
news release include, but are not limited to, statements concerning
future objectives and strategies to achieve those objectives,
including, without limitation, store openings, as well as other
statements with respect to management's beliefs, plans, estimates
and intentions, and similar statements concerning anticipated
future events, results, outlook, circumstances, performance or
expectations that are not historical facts. Forward-looking
statements reflect management's current beliefs, expectations and
assumptions and are based on information currently available to
management, which includes assumptions about continued revenues
based on historical past performance, management's historical
experience, perception of trends and current business conditions,
expected future developments and other factors which management
considers appropriate. With respect to the forward-looking
statements included in this press release, management has made
certain assumptions with respect to, among other things, the
Company's ability to meet its future objectives and strategies, the
Company's ability to achieve its future projects and plans and that
such projects and plans will proceed as anticipated, the expected
growth of the Company's e-Commerce revenue, the expected number and
timing of store openings in North
America and internationally, entering into new and/or
expanded retail partnerships in North
America and internationally, the Company's ability to source
products, the Company's competitive position in the vintage luxury
industry, and beliefs and intentions regarding the ownership of
material trademarks and domain names used in connection with the
marketing, distribution and sale of the Company's products as well
as assumptions concerning general economic and market growth rates,
currency exchange and interest rates and competitive intensity.
Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated or implied by
such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking
statements are based will occur.
All forward-looking statements included in and incorporated into
this press release are qualified by these cautionary statements.
Unless otherwise indicated, the forward-looking statements
contained herein are made as of the date of this press release, and
except as required by applicable law.
Readers are cautioned that the actual results achieved will vary
from the information provided herein and that such variations may
be material. Consequently, there are no representations by LXRandCo
that actual results achieved will be the same in whole or in part
as those set out in the forward-looking statements.
SOURCE LXRandCo, Inc.