-- Upgrades Expected to Elevate Customer Shopping Experience and Leverage Robust Technology to Better Optimize Operations --
MONTEREY PARK, CA / ACCESSWIRE / January 29, 2024 / Maison Solutions Inc. ("Maison Solutions" or the "Company") (NASDAQ:MSS), a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, today announced that it has begun renovating its HK Good Fortune supermarket in El Monte, California.
Renovations, which include exterior and interior upgrades as well as product offering adjustments, are expected to be completed in March. During the renovations, the supermarket will remain open for business. Additionally, the store will use updated logos and banners, which will be used throughout Maison Solutions' store network, for enhanced brand awareness and consistency. The fully renovated store will provide an enhanced shopping experience in a contemporary setting.
Maison Solutions will leverage and deploy its recently purchased software suite for the optimization of store design, layout and shelf display. The software system will also monitor shelf performance to better analyze the popularity and pricing of the store's product offerings.
"This renovation marks the beginning of a series of planned store upgrades that will provide a more meaningful shopping experience for our customers," said John Xu, President and Chief Executive Officer of Maison Solutions. "When the upgrade is complete, the El Monte supermarket also will serve as a warehouse-like store with discounts for large and bulk purchases, which we believe will further improve the store's performance.
"By implementing the robust software, we believe we can help our stores better reach their full potential by enhancing operating efficiency and reducing costs. The software also will play an important role in our long-term goal of digital transformation for all of our stores, as well as potentially creating a revenue stream for software implementation at other grocery and convenience stores," Xu added.
About Maison Solutions Inc.
Maison Solutions Inc. is a U.S.-based fast-growing specialty grocery retailer offering traditional Asian food and merchandise to modern consumers, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles area, and has been operating them under the brand name HK Good Fortune. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including whether the El Monte store upgrade will further enhance performance at that store, the Company's ability to elevate the customer shopping experience at its stores, leverage purchased technology to better optimize operations, and successfully meet its long-term goal of digital transformation and creating an additional revenue stream. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for its initial public offering filed with the SEC. Copies are available on the SEC's website at www.sec.gov. Maison Solutions undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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Investor Relations and Media Contact:
PondelWilkinson Inc.
Judy Lin or Laurie Berman
310-279-5980
info@maisonsolutionsinc.com
SOURCE: Maison Solutions, Inc.
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