Las Vegas, NV–November 26, 2019 — — The 4Less Group, Inc. (OTC: FLES) is pleased to announce that its wholly owned subsidiary Auto Parts 4Less, Inc. (“4Less”, or the “Company”) the owner of Liftkits4less.com (www.liftkits4less.com) (“Liftkits”) has seen a 61% increase in revenue on its liftkits4less.com website for the second quarter of 2019 as compared to the same quarter last year. During Q2 2018, direct sales on the Company’s proprietary website represented 26% of overall sales for that quarter, and during Q2 2019 direct sales represented 42% of overall sales for an increase of 61% between both quarters.
“We are moving towards the 50% mark where half of our overall sales would come directly from our proprietary website” said Christopher Davenport, President and CEO of The 4 Less Corp, “Our strategy of strong branding through easy to use content and excellent customer service is paying off as we move towards expanding our footprint with more specialized sites under our new flagship website Autoparts4Less.com.”
The Company’s goal is to derive most of its sales directly from its proprietary websites thereby benefiting from higher margins and retaining the ability to offer its own customer service directly to clients rather than relying on third party vendors. With this significant increase in direct sales in proportion to overall sales in the past year, the company believes to be well positioned to reach its goal in the future.
About The 4Less Group, Inc.
With the acquisition of the URL AutoParts4Less.com, FLES is focusing all of their efforts and resources on building out a flagship automotive E-tailing site with the potential to list and sell literally millions of parts that will include automotive specialty equipment parts and accessories, targeted “niche” web sites and potentially a used auto parts exchange one day as well.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product or services development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct (i) its own forward-looking statements, except as required by law, or (ii) those prepared by third parties that are not paid for by the Company.
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