SCOTTSDALE, AZ / ACCESSWIRE / June 7, 2022 / Today FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce that the company is exhibiting at Label Array located at the California Market Center in downtown Los Angeles from June 13th-15th.
With its rich legacy as the first wholesale fashion building on the West Coast, the newly transformed CMC continues to be the LA Fashion District's premier hub connecting Buyers and Brands during LA Market Week. As the relaunched CMC grows and evolves, each new LA Market presents a fresh and exciting selection of new Showrooms and new Brands for retailers to shop, in addition to longtime favorites. Formrunner Apparel is always working diligently to expand and bring in additional streams of revenue, and this is a perfect opportunity to do so. President & CEO Lisa Nelson states "After making successful connections at the Las Vegas Fashion Event, we are beyond thrilled to draw in more multinational companies to collaborate and work with!" Lisa Nelson also stated, "Doing these events are extremely beneficial in every aspect of the business and we can't wait to yet again see the results." Formrunner Apparel is ready to display its top selling high end clothing and will be at the California Market Center in Los Angeles, California from June 13th-June 15th 9am-5pm!
California Market Center Website: https://www.californiamarketcenter.com/
As one of the top online shopping categories among consumers, it should come as no surprise that the US fashion industry size is huge. In fact, it is currently valued at hundreds of billions of dollars. The sales figures for 2022 are at $473.42 billion. This represents a fashion industry growth rate of 8.3 percent from 2021's figures. The fashion industry growth rate this year, though relatively high, is still a slowdown from the previous year. In 2021, the industry grew at 18.4 percent, the fastest rate in the forecast period from 2019 to 2023. This also came after the steep fall in the US fashion industry sales in 2020, during which sales tumbled 21.9 percent and marked a more than $100 billion loss from 2019. This plunge is the result of the coronavirus pandemic, which has affected both the US fashion industry growth rate and sales figures. The closure of brick-and-mortar fashion retailers in compliance with local coronavirus regulations meant a fall in visitors and, subsequently, sales. Cutbacks by consumers on inessential items and an increased focus on household essentials also contributed to the negative US fashion industry growth rate in 2020. The US fashion industry sales are, however, expected to rebound from 2021 onwards. Total sales for 2023 are forecast at $494.89 billion, a 4.5 percent annual increase.
About Formrunner Apparel Inc.
Formrunner Apparel Inc. is a wholly owned subsidiary of FBC Holding, Inc. Formrunner Apparel Inc. carries a variety of Top-Notch Streetwear & Accessories located in Scottsdale, Arizona. Formrunner can be viewed and bought on the Company's website at www.formrunnerapparel.com
Formrunner Apparel Inc's main website at www.formrunnerapparel.com
Twitter: https://www.twitter.com/FormrunnerTM
Instagram: https://www.instagram.com/Formrunner
Instagram (Mall Location): https://www.instagram.com/Hyperviolentaz
Hyperviolent Main Website: https://www.hyperviolent.com
IR Contact:
info@formrunnerapparel.com
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See FBC Holding, Inc filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking.
SOURCE: FBC Holding, Inc.
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