OmniaLuo Inc announced that it opened 23 new retail stores in August and September. Of the 23 new stores, 16 were independent distributor stores, 3 were co-owned stores and 4 were self-owned stores.
In addition to these new store openings, OmniaLuo also entered into contracts with 8 new independent distributors for stores to be opened by year-end 2008. The addition of the August and September store openings increases OmniaLuo's retail store count to 242 throughout China. The retail network consists of:
-- 32 company-owned stores
-- 47 co-owned stores
-- 163 independent distributor stores (the highest margin of the three store types)
"Each new store opening enhances the OMNIALUO brand and is consistent with our strategy of raising awareness and aggressively growing market share," stated Ms. Cindy Luo, Chairwoman and CEO. "As of the end of September we are 97% of our goal of at least 250 retail stores by year-end 2008," added Ms. Luo.
marketing@alchempro.com
