We all be rich if we could honestly answer that one. To me this is a long hold. When NEXA lets us know where their next stores will be, you'll start seeing this taking off.
Multiple Growth Drivers
Nexia is rapidly capitalizing on the popularity of its
flagship fashion label Black Chandelier by Jared Gold, who
has developed a cult-like following coast-to-coast. A total
of four Black Chandelier stores are now open.
Construction is already underway within one of the highest
retail sales spaces per square foot owned by General
Growth Properties (NYSE: GGP). Management believes its
fifth retail location will generate sales in excess of $1
million within its first year of operations. Nexia plans to
open other stores with GGP, and other property owners of
prime commercial real estate such as Simon Properties
(NYSE: SPG), Macerich Co. (NYSE: MAC), CBL &
Associates (NYSE: CBL).
Nexia' goal is to achieve $50 million in gross annual
revenues by the fifth year of operations for Black
Chandelier. To support aggressive growth, Nexia recently
appointed an experienced branding director, Andy
Montana, to lead the build-out of its national retail
franchise. Nexia also secured manufacturing partnerships
in China and India, which strengthen Black Chandelier's
global fashion presence and compelling retail ingenuity.
New production facilities will provide scalable operations
to accommodate new store sales and increases in sales from
existing stores.Black Chandelier's goal is to provide
innovative designs at price points that are accessible to a
wide range of consumers, primarily aged 18 to 35 years.
Landis Lifestyle Salon, LLC, a professional hair styling
salon exclusively based on the internationally renowned
AVEDA™ lifestyle brand, provide luxury day spa services
that cater to a growing, upscale consumer market in the
metro Salt Lake City region. Nexia operates one Landis
salon and expansion plans call for the opening of two
additional studios over the next 12 to 18 month period as
trained personnel and funding become available.
Nexia' real estate holdings provide immediate revenue
streams from rental income on its commercial properties.
The Company will continue to select property acquisitions
anywhere in the continental U.S. that require limited improvements and can be sold at a profit within a
relatively short period of time. Combined with its real estate
acquisition strategy, Nexia is positioned to continue topline
growth, as well as pursue new acquisitions, which can
maximize its return on investments and continually increase shareholders value.
Sounds pretty impressive to me!!!
AI
