NEW YORK, Oct. 11, 2018 (GLOBE NEWSWIRE) -- via NetworkWire — NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring RYU Apparel Inc (TSX.V: RYU) (OTC: RYPPF) (FRA: RYA), a client of NNW and award winning urban athletic apparel and accessories brand.
To view the full publication, titled “Athleisure Wear Is Crushing It on the Street,” visit: http://nnw.fm/kGIl7
RYU’s head start in athleisure has given the company a considerable advantage as major brands battle to secure their share of the athleisure market. The company’s revenue has grown each year since 2016 ($1.36 million in 2016, $3 million in 2017, and $8 million projected in 2018) and even outsold Lululemon and Under Armour combined over their first two years ($4.5 million versus $2.4 million) of business. RYU expects to see margins increase once economies of scale are realized.
The athleisure trend is about more than just clothing, however; it’s about demanding quality and performance in every setting. RYU is more than a clothing company, it's an innovative tech company dedicated to improving the quality of urban athletic wear with every product they design. The company’s extensive list of patents is an extension of this approach, providing legal protection against competitors lagging behind.
About RYU
Respect Your Universe is an award winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of athletically minded men and women. Innovatively designed without compromise and tailored for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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