NEWPORT BEACH, Calif., Sept. 21, 2020 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding firm (“DPW,” or the “Firm”), introduced in the present day that its subsidiary, It’sLikeFashion.com, Inc. (“It’sLikeFashion”) https://www.ItsLikeFashion.com, a membership-only Ecommerce enterprise, has efficiently accomplished beta testing of its on-line platform. The Firm acknowledged it anticipates reporting income from It’sLikeFashion within the fourth quarter of 2020.
ItsLikeFashion.com presents family model identify and luxurious gadgets starting from attire, luggage, purses, footwear and equipment, to linens, bedding and related gadgets at costs discounted as much as 90% off retail costs. Members will have the ability to entry quite a lot of luxurious and model identify gadgets instantly by the web site, https://www.ItsLikeFashion.com, or by their favourite on-line channels resembling Fb, Instagram, Twitter, Pinterest, YouTube and LinkedIn, offering a singular personal procuring, touch-free, Covid-19 protected expertise.
The Firm can also be leveraging the facility of social media to conduct unique “pop-up” gross sales occasions with members receiving notification of the sale location no various days previous to the occasion, in time for the 2020 vacation season. It’sLikeFashion anticipates that pop-up gross sales will happen over a one-to-four-day interval. Members will usually have the ability to preview gadgets days previous to the pop-up sale, contingent upon any native restrictions.
Membership is required and accessible now at https://www.ItsLikeFashion.com. Members will have the ability to buy their picks on-line or in individual, on a first-come first-served foundation. Memberships can’t be shared between people.
Yearly retailers within the U.S. ship billions of kilos of unsold stock to landfills or have them incinerated. Attire returns within the U.S. create greater than 5 billion kilos of waste annually and greater than 15 million metric tons of carbon dioxide. Considerations over waste are rising as retailers carry extra customers on-line, the place the speed of returns is 25% in comparison with simply 9% for in-store purchases. ItsLikeFashion.com has joined the battle to cut back the quantity of extra stock headed to landfills or incineration by offering producers a extra sustainable, “greener” various to liquidate their inventories.
For extra data on gross sales, membership or different inquiries, please contact [email protected].
About It’sLikeFashion.com, Inc.
It’sLikeFashion.com, Inc., is a Delaware company devoted to bringing luxurious and family identify model attire, trend equipment, linens, footwear and different textiles to customers at vastly discounted pricing by its membership-only portal, https://www.ItsLikeFashion.com in addition to branded third-party on-line websites together with its featured pop-up places.
It’sLikeFashion.com, Inc., is an entirely owned subsidiary of DPW Holdings, Inc. It’sLikeFashion’s headquarters is situated at 201 Shipyard Manner, Suite E, Newport Seaside, CA 92663.
About DPW Holdings, Inc.
DPW Holdings, Inc., the mum or dad firm of It’sLikeFashion.com, Inc. (the “Firm”), is a diversified holding firm pursuing progress by buying undervalued property and disruptive applied sciences with a world impression. By its wholly in addition to majority-owned subsidiaries and strategic investments, the Firm gives mission-critical merchandise that assist a various vary of industries, together with protection/aerospace, industrial, telecommunications, medical and textiles. As well as, the Firm owns a choose portfolio of economic hospitality properties and extends credit score to pick entrepreneurial companies by a licensed lending subsidiary. The Firm’s headquarters is situated at 201 Shipyard Manner, Suite E, Newport Seaside, CA 92663; www.DPWHoldings.com.
This press launch accommodates “ahead trying statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements typically embrace statements which might be predictive in nature and rely on or seek advice from future occasions or circumstances, and embrace phrases resembling “believes,” “plans,” “anticipates,” “tasks,” “estimates,” “expects,” “intends,” “technique,” “future,” “alternative,” “could,” “will,” “ought to,” “might,” “potential,” or related expressions. Statements that aren’t historic info are forward-looking statements. Ahead-looking statements are based mostly on present beliefs and assumptions which might be topic to dangers and uncertainties. Ahead-looking statements converse solely as of the date they’re made, and the Firm undertakes no obligation to replace any of them publicly in gentle of recent data or future occasions. Precise outcomes might differ materially from these contained in any forward-looking assertion on account of numerous elements. Extra data, together with potential danger elements, that might have an effect on the Firm’s enterprise and monetary outcomes are included within the Firm’s filings with the SEC together with, however not restricted to, the Firm’s Types 10-Ok and 10-Q. All filings can be found at www.sec.gov and on the Firm’s web site at www.DPWHoldings.com.
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