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Bullboard - Stock Discussion Forum Fbc Holding Inc FBCD

FBC Holding, Inc., through its subsidiary, Formrunner Apparel Inc., is a retailer of streetwear clothing, headwear, and accessories. Formrunner Apparel Inc. has two retail outlets that market clothing geared for young adults and offers a variety of products: t-shirts, sweatshirts, hoodies, sweatpants, hats and beanies, belts, jeans, shoes, and jewelry.

OTCPK:FBCD - Post Discussion

Fbc Holding Inc > FBC Holding, Inc. (FBCD) Continues Significant Revenue Growt
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Post by AveragePenny on Jun 28, 2022 11:03am

FBC Holding, Inc. (FBCD) Continues Significant Revenue Growt

SCOTTSDALE, AZ / ACCESSWIRE / June 28, 2022 / Today FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce that the company is continuing to experience significant revenue growth as a result of expansion along with bringing in high-end clothing that is in extreme demand.

Hyperviolent currently offers the following high-quality line of clothing for purchase:

  • A Bathing Ape
  • Chrome Hearts
  • Formrunner
  • Gallery Department
  • Nike
  • Off-White
  • Palm Angels
  • Pleasures
  • Revenge
  • Sp5der
  • Supreme
  • Vlone

Not only is the company seeing growth in retail sales but is now being approached frequently to provide Formrunner Apparel in bulk amounts to put the brand in other companies stores.

President & CEO Lisa Nelson states "We are beyond thrilled at how rapidly our products are flying off the shelves and being recognized in the marketplace. In the last few months, we have added a variety of selection along with new Formrunner collections being released and there is so much more on the way!"

As one of the top online shopping categories among consumers, it should come as no surprise that the US fashion industry size is huge. In fact, it is currently valued at hundreds of billions of dollars. The sales figures for 2022 are forecast at $473.42 billion. This represents a fashion industry growth rate of 8.3 percent from 2021's figures. The fashion industry growth rate this year, though relatively high, is still a slowdown from the previous year. In 2021, the industry grew at 18.4 percent, the fastest rate in the forecast period from 2019 to 2023. This also came after the steep fall in the US fashion industry sales in 2020, during which sales tumbled 21.9 percent and marked a more than $100 billion loss from 2019. This plunge is the result of the coronavirus pandemic, which has affected both the US fashion industry growth rate and sales figures. The closure of brick-and-mortar fashion retailers in compliance with local coronavirus regulations meant a fall in visitors and, subsequently, sales. Cutbacks by consumers on inessential items and an increased focus on household essentials also contributed to the negative US fashion industry growth rate in 2020. The US fashion industry sales are, however, expected to rebound from 2021 onwards. Total sales for 2023 are forecast at $494.89 billion, a 4.5 percent annual increase.

https://www.accesswire.com/706680/fbc-holding-inc-fbcd-continues-significant-revenue-growth

Comment by podatlis1 on Jun 28, 2022 7:42pm
awesome but when will it show in the share price
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