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Replies to post #71655 on Auto Parts 4Less Group Inc (FLES)
05/03/21 10:11 AM
Las Vegas, Nevada--(Newsfile Corp. - April 5, 2021) - The 4Less Group, Inc. (OTCQB: FLES) (Company) announced that their auto parts ecommerce website www.Liftkits4less.com ("LK4L"), which targets the aftermarket automotive parts for Jeep Truck and SUV vehicles, has seen a 196% increase in gross sales for the month of March 2021, as compared to the same month last year.
"Over $2M in gross sales in a single month is a major milestone for LK4L and demonstrates our ability to drive sales through cutting edge technology, strong branding and our digital marketing efforts," stated Christopher Davenport, President and CEO of Auto Parts 4Less, Inc., the Company's wholly owned subsidiary. "Our strategy of strong SEO optimization coupled with paid advertising including our resent partnering with MBM Motorsports and the NASCAR fan base is paying off." Christopher states, "We will continue to expand our branding efforts to support the launch of our flagship automotive parts-only marketplace AutoParts4Less.com in Summer 2021."
Based on a potentially successful $15 million capital raise that the Company initiated the first of the year, the Company expects they will be able to substantially increase LK4L's advertising and promotion budget from the approximate $100,000 spent in 2020. In doing so, the Company believes that their ecommerce site LK4L is positioned to have a breakout year.
"As LK4L experiences record-breaking sales numbers for both February and March 2022," stated Tim Armes, President of The 4Less Group, Inc. "The continued growth in sales from LK4L will enable the company to significantly lower our out of pocket investment to finish the development and launch of AutoParts4Less.com."
In addition to the record-breaking sales in the last two months, the Company also announced that in the same time period they had reduced debt by approximately one million dollars at a cost of just over $150,000.
