Clikia Receives Additional $150K Purchase Order From Signet International, Boosting Total So Far This Year To Over $600K
- Wall Street slips off record highs, Tesla drops after fatal crash
- IBM (IBM) Tops Q1 EPS by 14c, Revenue Beats
- Tesla's (TSLA) Musk says data logs from crashed vehicle show Autopilot was not enabled, car did not purchase FSD
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
FORT LEE, NJ, Feb. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Clikia Corp. (OTC:CLKA), an emerging leader in the global custom luxury goods marketplace, through its wholly owned subsidiary, Maison Luxe, is pleased to announce an additional $150,000 purchase order from Signet International Group (“Signet”) for the travel retail market bringing total purchase orders so far this year from Signet to over $600,000.
Anil Idnani, CEO of Clikia, stated, “The increasing demand for our products is very encouraging. Therefore, with great excitement, we are accelerating our growth assumptions and planning accordingly.”
The travel retail market includes airports, cruise lines, ferries, and ports. Airports lead the way and are expected to remain the dominant player in the upcoming years. The travel retail market experienced a tremendous setback in 2020 due to the worldwide pandemic known as COVID-19.
According to ResearchAndMarkets.com, the travel retail market, which was valued at $74 billion in 2019, is estimated to reach only $33 billion in 2020, registering a year-on-year decline of over 55%. However, with expected relaxations in travel restrictions from the start of 2021, the market appears set for a steady increase in retail sales during the forecast period from 2020 to 2028. However, at a conservative growth forecast of about 4.1% during the forecast period, the travel retail market is expected to reach $46 billion by 2028.
Some of the factors driving this estimated growth include an uptick in international travel post COVID-19 restrictions, travel retailers adopting digital technologies to drive online sales, and promotional activities planned by leading retailers.
Management notes that this outlook for 2021 and beyond is encouraging and has positively impacted the Company’s projected growth assumptions.
ABOUT CLIKIA CORP.
Clikia Corp., through its wholly owned subsidiary (1) Maison Luxe, offers highly desired luxury retail consumer items that are responsibly sourced and affordable to the end customer. Maison Luxe focuses its efforts primarily within the fine time pieces and jewelry segments both on a wholesale and B2C (business-to-consumer) basis (2) Amani Jewelers, operates in the jewelry marketplace, with a strategic focus on the rapidly growing lab-grown diamonds market. For more information, please reference https://www.maisonluxeny.com.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
FOR MEDIA INQUIRIES, PLEASE CONTACT:
Anil Idnani, CEO
EDM Media, LLC
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Monument Appoints Hugh Bresser to Chief Managing Geologist
- Banco GNB Sudameris S.A. Announces Expiration Of Tender Offer For Its 7.50% Subordinated Notes Due 2022
- Brilliant Acquisition Corporation: New SEC Guidance Relating to SPAC Warrants, Its Effect on the Company’s Periodic Filings and Compliance with Nasdaq Rules