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RYU Apparel Inc V.RYU.H

Alternate Symbol(s):  RYPPF

RYU Apparel Inc. is a Canada-based urban athletic apparel brand, which is engaged in the development, marketing and distribution of apparel, bags and accessories. The Company’s products are engineered for the fitness, training and performance of the multi-discipline athlete. The Company’s products are designed, developed and tested at its corporate headquarters in Vancouver, British Columbia, Canada. The Company’s products are produced in factories located in North America and Asia and it sells its products through retail, e-commerce and wholesale channels. The Company offers its products for both men and women and also sells its products through Websites, ryu.ca and ryu.com.


TSXV:RYU.H - Post by User

Comment by athleticsguyon May 10, 2019 9:41pm
224 Views
Post# 29736861

RE:RE:News out I’m impressed

RE:RE:News out I’m impressed Disclaimer:  Cherry picked a few items that really stood out to me:


During this period, Phase 2, our attention will be on the existing locations and making sure all systems are functioning properly, before beginning to actively look for new markets....
I really wish they implemented Phase 2 + e-comm first before launching Phase 1... 

Fourth quarter comprehensive loss was $5,286,346 compared with $2,553,196 in the same period in fiscal 2017. The $2,733,150 increase is due to higher selling and marketing expenses, variances in gross profit net of higher occupancy costs and depreciation from running eight retail stores versus five as well as additional manpower needs.
Unless they are able to consistently grow revenues by 100%+ YOY (which i think they were only able to accomplish once before, when they doubled their store count) i think this last statement may sink them... they have too many retail stores (and are about to add 2 more???) and they wont be able to sustain basic items like selling/marketing expenses, rent, depreciation & labour... 
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