LOS ANGELES, CA, Jan. 24, 2023 (GLOBE NEWSWIRE) — through NewMediaWire— WPF Holdings, Inc.(OTC PINK: WPFHD) proclaims right this moment that it has acquired on-line and e-commerce belongings from KPOP 1004 operations. This displays the extra technology-focused path of WPF Holdings and modifies and closes out the acquisition settlement prior introduced between the events. KPOP 1004 has obtained 10,000 shares of WPF Holdings widespread inventory together with agreements to function as the only distributor of all Okay-Pop and Okay-Magnificence merchandise for WPF Holdings and its subsidiaries.
As a part of the asset acquisition, WPF Holdings will type a subsidiary firm referred to as Okay-Store, and can place all of those acquired belongings and operations inside the newly shaped firm. KPOP 1004 will function as sole distributor for all Okay-Pop and Okay-Magnificence merchandise for Okay-Store.
KPOP 1004 is the biggest Okay-Pop retailer in america (by sq. footage). The asset acquisition and unique on-line license is designed to leverage WPF Holdings’ advertising and expertise to extend gross sales and seize on-line Okay-Pop followers who usually are not capable of go to the retail areas. Along with the web presence, Okay-Store may also present bodily kiosks in each KPOP 1004 location to permit for shoppers to buy on-line solely or non-stocked objects. Okay-Store plans to broaden its kiosk program past the preliminary location within the Ontario Mills Mall (CA), San Francisco Premium Outlet (CA), Westfield Valencia City Heart (CA) and Las Vegas South Premium Shops (NV) to a number of further areas in a number of states by the top of 2023. Okay-Store plans to give attention to the quickly rising Okay-Magnificence market, which accounts for $10.3 Billion in income and is estimated to develop to $31.6 Billion by 2029.
About WPF Holdings, Inc.
WPF Holdings, Inc. is a dynamic e-commerce and digital consultancy firm that helps companies navigate the ever-evolving digital panorama. With a staff of specialists in numerous fields reminiscent of net design, digital advertising, and e-commerce technique, we offer a holistic strategy to assist companies enhance their on-line presence and income. Our purpose is to empower companies to take full benefit of the alternatives that the digital world has to supply. Whether or not you are simply beginning out or seeking to take your online business to the subsequent stage, we’re right here to assist. Let’s work collectively to attain your objectives and drive success for your online business.
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