Nitches Inc.
Continues Expansion and Fosters Growth in Q2 Despite Market
Uncertainty
NEW YORK, NY
-- April 18, 2023 -- InvestorsHub NewsWire -- Nitches
Inc. (OTC:NICH),
a leading brand empowerment company, is pleased to announce its
successful Q2 update. As the company navigates through market
uncertainty, it continues to establish itself as a legitimate
competitor in the fashion industry, while also revealing plans to
expand into the spirits and lifestyle beverage sector, following
the footsteps of luxury conglomerate Louis Vuitton
(LVMH).
Nitches' core
clothing business maintains strong momentum, with its recent
collaboration with artist VoodoFe and the Miles Davis Collection
garnering significant attention. The collection has been showcased
at multiple fashion shows, receiving a special endorsement from New
York City Mayor Eric Adams. Moreover, celebrities such as Q-Tip and
Donnell Rawlings have been spotted wearing pieces from the
collection, further elevating its profile.
VoodoFe stated, "It
has been an exciting time for our business. We were delighted to
have the Miles Davis collection displayed in a show that was
attended by the Mayor of NY. Also, I've had the honor of having my
own artwork featured in the NY Mayor's Gracie Mansion. The Miles
Davis collection was showcased in a fashion show for Brooklyn
Fashion Week (BKFW). And we are proud to have secured the Miles
Davis line in the Blue Note. It is truly an honor to be able to
share our love for art and creativity with others, and we are
thrilled to be making such great strides in the
industry."
The Miles Davis
collection's success is mirrored in other Nitches brands, as Nick
Cooper's Future Mega line has generated significant interest for
potential TV show collaborations. Cooper expressed, "There is a
host of people that are excited to drive culture and opportunities
for the next generation of creatives."
Nitches Inc. is
also making headway in its spirits vertical, with business licenses
and brand strategy currently in development. CEO John Morgan
commented, "We think that we have the perfect storm with this
opportunity. Clothing and merchandise complement the spirits
opportunity and vice versa. People will be pleasantly surprised
when this all comes together as we have many influencers on deck to
support all of our collective movements at the same time because of
this fact."
The success of
Nitches' clothing lines is driven by social media and influencer
marketing. According to recent data, influencer marketing can
generate up to 11 times the ROI of traditional advertising. This
translates to millions of dollars in revenue for fashion brands
that leverage influencers to reach their target
audience.
Similarly, the
spirits industry has shown resilience during economic downturns.
Research indicates that alcohol consumption tends to remain steady
or even increase during times of market uncertainty. By expanding
into this vertical, Nitches Inc. is well-positioned to capitalize
on the consistently strong demand for premium spirits.
As Nitches Inc.
progresses, the company is poised to make significant movement.
With its growing network of influencers and expansion into spirit
and lifestyle beverages, Nitches remains a brand to watch. Market
observers and investors should stay tuned for the company's next
batch of updates, which promises to be nothing short of surprising
and impactful.
About Nitches
Inc.
Nitches Inc. is a
publicly traded company specializing in brand empowerment and
expansion, offering a unique platform that allows creatives and
entrepreneurs to develop and grow their businesses. With a focus on
fashion and spirits, Nitches aims to revolutionize these industries
by fostering collaborations and strategic partnerships.
For more
information, please visit www.nitches.com.
Media
Contact:
John
Morgan
Email: info@nitchescorp.com
Forward-Looking
Statements:
This press release
contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, which are intended to
be covered by the safe harbors created thereby. Investors are
cautioned that all forward-looking statements involve risks and
uncertainties, including without limitation, the ability of Nitches
to accomplish its stated plan of business. Nitches believes that
the assumptions underlying the forward-looking statements contained
herein are reasonable, any of the assumptions could be inaccurate,
and there forward-looking statements included in this press release
will prove to be accurate. Considering the significant
uncertainties inherent in the forward-looking statements included
herein, the inclusion of such information should not be regarded as
a representation by Nitches or any other person.
