WPF Holdings buys on-line and e-commerce property of KPOP 1004

E-commerce and digital consultancy firm WPF Holdings has acquired the online and e-commerce assets of KPOP 1004, a Ok-POP and K-Beauty speciality retailer.

KPOP 1004 will obtain 10,000 shares of WPF Holdings’ widespread inventory and the unique distribution rights of all Ok-Pop and Ok-Magnificence merchandise for WPF Holdings and its subsidiaries.

The monetary phrases of the transaction haven’t been disclosed.

In an announcement, WPF Holdings stated the transaction ‘displays the extra technology-focused route of WPF Holdings and modifies and closes out the acquisition settlement prior introduced between the events’.

Following the acquisition, WPF Holdings will combine all of the acquired property and operations into its new subsidiary firm, Ok-Store.

KPOP 1004 will function the one distributor of all Ok-Pop and Ok-Magnificence merchandise for the brand new firm.

The retailer is at present the US’ largest Ok-Pop retailer by way of sq. footage.

WPF Holdings stated the deal will permit it to extend its gross sales and entice Ok-Pop followers on-line utilizing WPF Holdings’ advertising and know-how.

Moreover its digital web site, Ok-Store will set up bodily kiosks in each KPOP 1004 location to assist customers purchase online-only or non-stocked gadgets.

The kiosk programme was initially launched on the Ontario Mills Mall, Westfield Valencia City Centre and San Francisco Premium Outlet in California, in addition to the Las Vegas South Premium Retailers in Nevada.

KPOP 1004 plans to develop into different states by the tip of this yr.

The US’ Ok-Magnificence market at present generates $10.3bn in income and is predicted to succeed in revenues of $31.6bn by 2029.

WPF Holdings goals to offer e-commerce and digital consultancy providers to assist companies ‘navigate the ever-evolving digital panorama’.

The corporate employs colleagues throughout net design, digital advertising and e-commerce technique amongst different fields.

By means of these, it goals to assist manufacturers improve their on-line presence and income.

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