Business
Simply, Inc. Announces the Relocation of its Simply Mac Store in Katy, Texas
Simply, Inc. Announces the Relocation of its Simply Mac Store in Katy, Texas.
About this update from Simply Inc.
[{"type":"text","content":"\n\n\n\nSimply, Inc. Announces the Relocation of its Simply Mac Store in Katy, Texas\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\n\n\n\n\n\nSimply, Inc. Announces the Relocation of its Simply Mac Store in Katy, Texas\nPR Newswire\nMIAMI, Nov. 16, 2020\n\n\n\nMIAMI, Nov. 16, 2020 /PRNewswire/ -- Simply, Inc. (OTCQB: SIMP) (the \"Company\") announced the relocation and grand opening of its new Simply Mac retail store in Katy, Texas. This 1,600 square foot official Apple Premier Partner store is located in Cinco Ranch at Market Center at 23720 Westheimer Parkway, Unit 730T, Katy, TX, and will offer the entire suite of Apple products, as well as third party accessories and Simply Mac's signature service and warranty repairs on all product categories by our trained team of Apple-certified technicians. Simply Mac also offers customer financing and extended warranty coverage on all Apple products.\nCommenting on the new Simply Mac store opening, Reinier Voigt, Chief Executive Officer of Cool Holdings, stated: \"As part of our effort to re-evaluate all our store locations when coming to the end of a lease term, we have decided to relocate our store in Katy, TX. Our new location is less than one mile from our old store, but is in a slightly smaller space that better fits our business model. In addition, our total occupancy cost in the new space is 53% lower than the cost at our previous location, which will improve this store's profitability. We believe that Katy will continue to be a good market for us.  It is about 30 miles due West of Houston, and is within the Houston-Woodlands-Sugar Land metropolitan area. Katy's rapid growth in the past few years is due largely to the significant commitment to the area by Amazon. Amazon had a 238,000 square foot distribution center in Katy, and in early 2018, opened a new 1 million square foot fulfillment center in Katy. Then, just last month, Amazon opened an 805,000 square foot sort-center in Katy, and is currently building an additional 850,000 square foot fulfillment center less than 16 miles a...