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KITS Eyecare Announces Record Results for Cyber Monday
KITS Eyecare Announces Record Results for Cyber Monday Canada NewsWire KITS G...
About this update from Kits Eyecare Ltd.
[{"type":"text","content":"\n \n \n \n KITS Eyecare Announces Record Results for Cyber Monday\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n KITS Generated Over\n \n $700,000\n \n in Revenue from Cyber Monday, Representing a 44% Increase Compared to Cyber Monday 2022\n \n \n \n \n Record Results Driven by Repeat Customers and Eyeglasses\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 29, 2023\n \n \n /CNW/ -\n \n Kits Eyecare Ltd\n \n . (TSX: KITS) (\"KITS\" or the \"Company\"), a leading vertically integrated eyecare provider, today announced key results from the Company's Cyber Monday event.\n \n \n \n \n \n \n \n \n \n Highlights from the Company's record Cyber Monday include:\n \n \n \n Revenue increased 44% year-over-year to over\n \n $700,000\n \n \n \n Gross margin dollars increased 54% year-over-year\n \n \n Repeat customers contributed 70% of revenue\n \n \n Eyeglasses led the growth with over 2,000 pairs of eyeglasses sold and revenue increasing 66% year-over-year\n \n \n Digital progressives experienced a 128% year-over-year increase in revenue\n \n \n Revenue generated in\n \n Canada\n \n increased 82% year-over-year, led by 300% year-over-year growth in\n \n Vancouver\n \n \n \n New KITS collections led growth on eyeglasses, including the McNelly Full-Rim Metal Collection, the LYKKE Titanium Rimless Collection, and the PRIMO Layered Acetate collection\n \n \n \n \"I'm pleased to report a record day of results on Cyber Monday,\" said\n \n Roger Hardy\n \n , co-founder and CEO of KITS. \"The strength of our new eyeglasses collections, along with our loyal repeating customers, were major contributors to our record results. In addition, our logistical systems held strong in the face of more traffic and orders, giving us further confidence we have made the right investments to meet increasing demand. We look forward to continued momentum throughout the holiday season as we continue to deliver unbeatable value, selection and convenience for eyes everywhere.\"\n \n \n At the end of Q3, KITS offered 1,950 uni...