web analytics
4 C
Munich
Monday, December 5, 2022

What a Move on Epic Stores Corp (OTCMKTS:EPSC

Epic Stores Corp (OTCMKTS:EPSC) has seen an explosive rise in recent weeks on accelerating volume as the stock moved north of its $1 base recently surpassing $2 a share. The main driver for the run was a number of positive events for the Company was well as a paid for snail mail hard mailer.

EPSC hit the OTC at the end of last year after the new thrift store retailer merged into the shell which was BETV at the time. Many had suggested this one would be subject to a significant promotion because of how the shell was organized. It is easy to get excited about EPSC here; the Company has 10 stores across 4 states and generates well over $1.5 million in sales a quarter.

Epic Stores Corp (OTCMKTS:EPSC) is a second-hand goods retailer with locations throughout the United States. Based in Phoenix, Arizona, the company offers high quality, on-trend second hand clothing, accessories and household products at affordable prices.

As of October 4, 2015, the company employed 232 employees and operated 10 retail stores in four states. Founded in 2010, Epic opened its first retail store in Phoenix, Arizona. Since that time, the company has opened additional stores in Arizona, Nevada, Colorado, and Texas. All of the retail stores sell products directly to consumers. The company also operates a leading wholesale business that supplies used shoes, books and clothing to distributors.

EPSC hit the public markets this past August via a reverse takeover transaction among Be At TV, Inc., Epic Stores, Corp. and the stockholders of Epic. In addition, the Company completed a private placement financing transaction, raising gross proceeds of $2.3 million to accelerate expansion plans. Epic Stores opened two thrift stores in early 2015 and plans to open three additional thrift stores prior to the close of 2015. As part of the same transaction they completed a 1 for 24 reverse stock split on August 18.

Epic Stores Corp CEO Brian Davidson said at the time “With this milestone transaction complete, Epic Stores Corp. today emerges as a publicly traded entity, providing the company with access to growth capital so we can fully execute our aggressive growth plans. The initial $2.3 million in funding will fund our near-term expansion into Houston, and we are well positioned to reach 15 stores by the end of 2015.”

In October EPSC said it has recently completed a new 23,864 square foot property lease in San Antonio, Texas as part of its strategic growth plan. The Company plans to open one of its Epic Thrift stores at this location in the spring of 2016.

To Find out the inside Scoop on EPSC Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Epic’s store growth is focused on applying a modern, mainstream retail approach to the thrift store concept. The Company is executing plans to reach 15 stores by the end of 2015. Epic also plans to bring its retail thrift store concept to the greater Dallas-Fort Worth area, Tulsa, Okla. and the Central Valley of California.

On March 1 EPSC announced significant improvement in all key store-level metrics, demonstrating that its unique strategy of partnering with local charities and other community organizations is working.

Key Metrics Include: -Epic reported a 26.6% improvement in its unit sell through ratio in the first two months of 2016 compared to the same period last year -Epic reported a 7.0% improvement in the ratio of average price produced vs. average price sold in its standard stores (excluding the outlet store), in the first two months of 2016 compared to the same period last year

EPSC CEO Brian Davidson “Concerns about the possibility of an economic recession is driving cost-conscience consumers into our stores, as evidenced by notable improvements in our store-level metrics. This progress validates our unique strategy of partnering with schools, houses of worship, and charitable organizations near our stores, integrating us with the communities we serve, helping us bolster our inventory with high-quality, low-cost items and expanding brand recognition.”

 

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $66 million market valuation EPSC has minimal assets, manageable debt and significant, fast growing revenues reporting $1,563,442 in sales for the 3 months ended September 30, 2015 up from $1,241,883 for the same period last year. EPSC is one exciting stock on the bb’s; the Company has 10 stores across 4 states and generates well over $1.5 million in sales a quarter and growing fast and consumers seem to like this new thrift store format with nothing but positive reviews on yelp. The current promotion via snail mail continues to be a significant driver here. We will be updating on EPSC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with EPSC.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in EPSC either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.