FBC Holding Inc (FBCD)

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$FBCD FBC Holding, Inc. (FBCD) Continues Significant Revenue Growth

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

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.