GRCV News Out going NUT$ GRCV's Yuka E-Commerce
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Posted On: 07/10/2020 9:52:00 AM
GRCV News Out going NUT$
GRCV's Yuka E-Commerce Meets High Demands with a Spike in Online SalesPress Release | 07/10/2020
MIAMI, FL / ACCESSWIRE / July 10, 2020 / Grand Capital Ventures, Inc.'s (OTC PINK:GRCV) ("the Company"
wholly-owned subsidiary Yuka E-Commerce ("YUKA" has successfully finalized on-boarding more than 10 new brands within the PPE space as well as home goods, hair care and hemp. Due to the wide spread reach of Covid-19, Personal Protective Equipment along with hand sanitizers and other safety products have been greatly sought after. Nation-wide retail closures have resulted in a substantial spike in e-commerce based transactions. Yuka, having anticipated this shift, was able to increase its inventory consignment count by over 50,000 units with an added sku count of over 100 new items. The company has sold over 100,000 personal safety products in the last 3 months demonstrating its ability to quickly adapt to the global climate.
"The PPE products, combined with our CBD collections have significantly increased our numbers. Our sales for the first half of 2020 grew to $4,600,000.00; this is almost a 15% increase over the same period last year. In addition we have been actively sourcing for more brands that fit the required regulations and are expanding into home and bedding, with 3 potential known brands.
At Yuka, we are constantly looking to open new sales channels and distribution opportunities.
We have recently been approved to participate in Kroger's new Drop Ship program with selected skus from our assortment. Set up was completed in early July and our first orders are beginning to come in now." said Mier Avitan president of Grand Capital Ventures Inc.
GRCV's Yuka E-Commerce Meets High Demands with a Spike in Online SalesPress Release | 07/10/2020
MIAMI, FL / ACCESSWIRE / July 10, 2020 / Grand Capital Ventures, Inc.'s (OTC PINK:GRCV) ("the Company"
wholly-owned subsidiary Yuka E-Commerce ("YUKA" has successfully finalized on-boarding more than 10 new brands within the PPE space as well as home goods, hair care and hemp. Due to the wide spread reach of Covid-19, Personal Protective Equipment along with hand sanitizers and other safety products have been greatly sought after. Nation-wide retail closures have resulted in a substantial spike in e-commerce based transactions. Yuka, having anticipated this shift, was able to increase its inventory consignment count by over 50,000 units with an added sku count of over 100 new items. The company has sold over 100,000 personal safety products in the last 3 months demonstrating its ability to quickly adapt to the global climate. "The PPE products, combined with our CBD collections have significantly increased our numbers. Our sales for the first half of 2020 grew to $4,600,000.00; this is almost a 15% increase over the same period last year. In addition we have been actively sourcing for more brands that fit the required regulations and are expanding into home and bedding, with 3 potential known brands.
At Yuka, we are constantly looking to open new sales channels and distribution opportunities.
We have recently been approved to participate in Kroger's new Drop Ship program with selected skus from our assortment. Set up was completed in early July and our first orders are beginning to come in now." said Mier Avitan president of Grand Capital Ventures Inc.
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