Business
Live Ventures Subsidiary Vintage Stock Announces Opening of 4 New Retail Locations and 2022 Expansion Plans
LAS VEGAS, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live,” “Live Ventures,” or the “Company”) announced today that its
About this update from Live Ventures Incorporated
[{"type":"text","content":"LAS VEGAS, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live,” “Live Ventures,” or the “Company”) announced today that its subsidiary, Vintage Stock Inc. (“Vintage Stock”), is opening four new stores under Vintage Stock’s EntertainMart brand in the following locations: Longview and Abilene, Texas; Lincoln, Nebraska; and Idaho Falls, Idaho (opening December 10, 2021). The new store locations are all located in regional malls that have larger-than-normal regional consumer appeal. Vintage Stock has continued to grow over the years thanks to its business model, its extensive and diversified product offerings, and its loyal customer base. Vintage Stock anticipates opening five to 10 new stores in calendar year 2022 as it continues to grow. “In a time when many retail companies are shutting down brick-and-mortar stores, or lessening their physical presence in communities, we are excited to be able to increase our footprint,” said Rodney Spriggs, Vintage Stock’s CEO. “We believe these mall locations are ideally situated for movie, music, toy, and video game enthusiasts of all ages—and sales so far are proving that; we look forward to potentially expanding into other similarly-situated mall locations around the United States in 2022.” Though this expansion is occurring during the pandemic, Vintage Stock continues to apply all of its COVID-related safety measures, which in turn allow customers to come into its stores to purchase the varied products it sells. Vintage Stock also continues to serve its customers online at www.vintagestock.com. Forward Looking Statements This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the anticipation that Vintage Stock may open new stores in 2022, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope” “should”, “would”, “may”, “potential” and other similar expressions. Such statements reflect Live’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Live, are inherently subject to significant business, economic, competitive, political and social uncer...