Las Vegas, NV October 7, 2020 – — The 4Less Group, Inc. (OTC PINK: FLES) announced today that through the first two months of their third quarter they are tracking to generate similar topline sales as they did in their record-breaking 2nd quarter.
Third quarter topline sales-to-date are up over 32% for the same time period in 2019. Additionally, advertising and marketing expenses this quarter is just over $14,000 to-date and only 80% of what was spent over same time period last year.
“Like many e-commerce platforms, our team initially felt that we were benefiting somewhat from stimulus checks, higher unemployment payments, and the like as Covid-19 started sweeping the country” said Christopher Davenport, founder and president of Auto Parts 4Less, Inc., The 4Less Group’s wholly owned subsidiary. “However after further examination, based on our minimal advertising efforts and zero pay-per-click purchases, we can now confidently attribute the majority of our continued growth to the organic SEO tools we developed and launched earlier year; such as how the sites index video ratings and reviews on specific products.”
”We believe that we can leverage these existing SEO tools effectively as we continue to build out our multi-vendor marketplace AutoParts4less.com. This new platform will leverage a more refined version of our current SEO tools to further enhance discoverability”
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 multi-vendor automotive parts marketplace 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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