Nitches’ Announces Backwoods(R) Store Expansion Including E-Retail
2008-07-24 08:15:00
Nitches’ Announces Backwoods(R) Store Expansion Including E-Retail
Nitches’ Announces Backwoods® Store Expansion Including E-Retail
Fort Worth Grand Opening July 26-27th Represents the First of 4 New Stores
AUSTIN, TX–(EMWNews – July 24, 2008) – Nitches, Inc. (
that its Backwoods® subsidiary is being positioned for revenue growth
through significant store expansion plans. Current commitments include:
-- The grand opening this weekend of Backwoods' largest store, in Fort
Worth, Texas.
-- A scheduled October store opening in affluent Overland Park, Kansas.
-- Implementation of online shopping at Backwoods.com in time for Holiday
2008.
-- Signing of a new store commitment at The Meadows at Lake St. Louis in
Missouri.
Backwoods® Fort Worth Grand Opening
Backwoods® will host a grand opening celebration this weekend,
July 26-27th, in Fort Worth, Texas, to mark the opening of its newly
relocated and expanded Backwoods® store at 2727 West 7th Street, in the
heart of the city’s vibrant Cultural District. The two-story,
free-standing store is one of the first to open in the widely touted West
7th development that features retail, office, hotel and residential space.
At 14,000 square feet the store footprint almost triples the size of
Backwoods’ previous location and will be the largest in the eight store
chain.
“Because of the incredible support of our customers in Fort Worth, we
wanted to open a larger store that can offer even more products,” said
Jennifer Mull, Backwoods CEO. “We work hard to find just the right
merchandise to inspire active adventure in a variety of ways in our
customer’s lives. Being in Fort Worth where the environment is ideal for
hiking, kayaking, fly fishing and many other outdoor pursuits is a perfect
fit to deliver the complete Backwoods customer experience.”
The grand opening weekend will feature day-long activities including
product giveaways, free food, live music, a climbing wall and vendor-hosted
product demonstrations. A percentage of weekend sale proceeds will be
donated to Streams and Valleys, Inc., which coordinates the beautification
and recreational development of the nearby Trinity River Valley
(www.streamsandvalleys.org). Since 1978 Backwoods® has been a part of
the culture of Fort Worth and this new store reinforces the commitment of
Backwoods® to the community and the active lifestyle of Fort Worth
residents.
Backwoods® Overland Park Opening October 2008
Construction remains on schedule for the October 2008 opening of a
free-standing Backwoods store location at the flourishing Corbin Park in
affluent Overland Park, Kansas. The 10,000 square foot store sits
prominently at the front of Corbin Park, a lifestyle mall featuring upscale
national retailers, local boutiques and premier restaurants. Upon
completion the mall will feature over 1.1 million square feet of retail
space serving nearly 200,000 people in the surrounding community, where
average household income exceeds $160,000 annually, and generally the 2.3
million residents of the greater Kansas City area. The planned grand
opening celebration will include many of the same activities and offerings
as the Fort Worth event.
Backwoods.com Selling Online for Holiday 2008
Backwoods.com is being upgraded and enhanced to offer online shopping for
direct to consumer and ship to store fulfillment. The online store is
planned to go live in time for the 2008 holiday season. The site will
introduce innovative promotional, cross-selling and product review features
to outdoor e-retailing. Backwoods CEO Jennifer Mull observed, “Outdoor
industry studies indicate that product reviews are a key driver of online
sales and Backwoods,com will be certain to feature this functionality in an
original and compelling manner.” Backwoods.com will leverage the
distribution infrastructure of Nitches to handle anticipated robust
fulfillment demands.
Backwoods® St. Louis Opening Spring 2009
The first Backwoods store for 2009 is already under development with a
commitment for The Meadows at Lake St. Louis, a burgeoning retail center in
a high growth, high income suburb of St. Louis, Missouri. The open air
lifestyle mall will feature approximately 260,000 square feet of specialty
stores, smaller-scale anchor stores and restaurants.
About Backwoods®
Backwoods® is a specialty outdoor retailer with a 30 year history of
providing customers an impressive assortment of top quality technical gear,
clothing and footwear for active lifestyles and adventure travel.
Backwoods® operates eight stores in Kansas, Nebraska, Oklahoma and Texas
and is a wholly owned subsidiary of Nitches, Inc. Learn more about
Backwoods® at www.backwoods.com.
About Nitches, Inc.
Nitches, Inc. has been designing and marketing quality products for niche
markets since 1971. The Company’s products are sold to better department
stores, specialty boutiques, moderate department stores, and national and
regional discount department stores and chains. The Company is
headquartered in San Diego, California with offices in New York City, Los
Angeles, Dallas, and Hong Kong. The Company’s shares are traded on the
NASDAQ Capital Market under the symbol NICH. Information about lines of
business and brands offered can be found at www.nitches.com.
Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that may cause
the Company’s actual results in future periods to differ materially from
forecasted results. Those risks include, among other things, a softening
of retailer or consumer acceptance of the Company’s products, pricing
pressures and other competitive factors, or the unanticipated loss of a
major customer. The Company’s results may also differ materially from
period to period due to the seasonal nature of the Company’s product lines.
These and other risks are more fully described in the Company’s filings
with the Securities and Exchange Commission.
| Contact: Paul Wyandt Web: http://www.nitches.com E-mail: Phone: (858) 625-2633 |
|
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