Business
Lust for Life Footwear Meeting Strong Consumer Demand with On-Time Deliveries for Projected 50% Revenue Growth in Shipping Dollars for 2022 New Product Lines to Include Men's Styles for the First Time to Significantly Expand Market Share Penetration
Lust for Life Footwear Meeting Strong Consumer Demand with On-Time Deliveries for Projected 50% Revenue Growth in Shipping Dollars for 2022 New Product Lines to Include Men's Styles for the First Time to Significantly Expand Market Share Penetration.
About this update from Renewable Energy & Power, Inc.
[{"type":"text","content":"NEW YORK, NY / ACCESSWIRE / February 10, 2022 / Lust for Life Footwear LLC (the "Company"), the main subsidiary of Renewable Energy & Power, Inc. (OTC PINK:RBNW), is excited to announce our Spring Sandals have shipped on time despite the shipping and supply chain interruptions that continue to affect the industry. We have been successful in minimizing shipping hurdles through organizational streamlining, pre-booking on vessels and sourcing with reliable factories. This strategy allowed for on-time delivery of our popular women's sandals to Lust for Life customers and has insured us a growth potential next year of a fifty percent increase in shipping dollars.Lust for Life is now ramping up for Fall 2022 and is entering into men's footwear. We are onboarding a large retailer for production of men's and women's footwear at our Mexican operation. We are slated to begin manufacturing the Lust for Life men's line in September/October 2022 and our women's line will follow with sandals. Our technologically equipped factories in Mexico fully participate in the USMCA trade treaty. This is a big incentive as there is zero duty.As reported previously, Lust for Life Footwear is manufacturing an Iconic Brand from Italy and will begin shipping the first orders of approximately $200,000 beginning in the 1st quarter of this year. The growth potential of this brand is projected to reach $750,000 for year 2022.Lust for Life Footwear is also very pleased to announce our powerful relationship with Brazil. The short lead time for manufacturing as well as shipping has given us a clear competitive edge. We are currently working with a strong partner that has mounted a sample facility to turn development samples quickly. This is giving Lust for Life a huge opportunity to turn development into production. We are ramping up this operation during this 1st quarter and will begin shipping in the 2nd quarter of this year.Looking ahead to the coming months, Lust for Life Footwear is in discussions with a large e-commerce customer to manufacture their athletic footwear. Lust for Life continues to build specialized product for each individual customer and their needs. There continues to be large growth opportunities with Lust for Life's existing customers which comes from the ability of our retailers to continue to maintain higher margins alongside...