Clikia Receives Additional $150K Purchase Order From Signet International, Boosting Total So Far This Year To Over $600K
February 18 2021 - 8:40AM
InvestorsHub NewsWire
FORT LEE, NJ -- February 18, 2021 -- InvestorsHub NewsWire
-- 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
Anil@clikiacorp.com
551-486-3980
Public Relations:
EDM Media, LLC
https://edm.media
(800) 301-7883