Home / Knowledge / News / Apparel/Garments / Canadian company RYU Apparel to soon reopen its apparel stores

Canadian company RYU Apparel to soon reopen its apparel stores

15
Mar '21
Pic: RYU Apparel
Pic: RYU Apparel
RYU Apparel, creator of urban athletic apparel, plans to soon reopen its apparel stores – beginning with those in Vancouver and Toronto in April. Reopening stores is a key step in RYU's omni-channel strategy and corporate re-set. The stores had been closed due to the COVID-19 pandemic. The company also plans to expand operations in Europe and the UK.

The reopening of the company's Vancouver and Toronto stores is scheduled for April 16, 2021. Known for its interactive experiences, customer service, and community events, RYU's stores have been a cornerstone to the company's brand and culture. Once re-opened, customers will be able to once again enjoy bespoke shopping experiences that include personalised product education for every customer to ensure that the products they choose meet their performance needs; exclusive, limited seasonal products; in stock, best-selling "hero items"; health and wellness focused special events; and enhanced measures to ensure health and safety of customers.

RYU continues its rapid expansion across channels, driven by recent operational changes, including a streamlined supply chain and the move to the Shopify ecommerce platform. The first regions outside North America that RYU is expanding into are the fast-growing markets of Europe and the UK.

According to market research, revenues in the sports apparel market are estimated to reach around US $208 billion by 2025 with US $2.3 billion of projected demand being added from Germany and US $1.9 billion from the rest of Europe. This sector growth coincides with a pandemic-driven spike in ecommerce that is projected to continue.

This expansion comes at a decisive moment in RYU's growth plan as the company globalises its exposure through its sponsorship of Canada's skateboard Olympic team. Other partners of the team include global brands such as 7-Eleven, Red Bull, and Swatch.

“We are delighted to open our incredible line-up of products to customers in Europe and the UK through our ecommerce store,” Cesare Fazari, RYU CEO, said in a press release. “Europe is a growing market for sports apparel and our expansion into the market is another key strategic milestone achieved in our global-omni channel strategy.”

Customers in Europe will enjoy the very same shopping experience and customer service on RYU.com while having slightly longer delivery times and standard VAT or local taxes.

The company has recently entered into a loan agreement with Aladdin Ventures, pursuant to which the lender has agreed to loan to RYU the principal amount of $1 million. The company intends to use the loan primarily for inventory purchases for replenishment of top-selling styles, Fall 2020, and Spring 2021 collections. In addition, funds will be allocated to general working capital to accelerate growth through current and future marketing and sales initiatives, including continued wholesale roll out across Canada, Mexico, and the United States, the re-opening of flagship stores, as well as bolstering the company's ecommerce business.

Fibre2Fashion News Desk (SV)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search