LuxeYard Inc. (PINK: LUXR), a members-only flash sale site for luxury home furnishings, décor and fashion, this month, expanded its product offerings.
Earlier this month, LUXR entered into an agreement to acquire LeatherGroups.com, which is the online division of furniture retailer homeLOFT. Tony Winders, Executive Vice President of Revenue at LuxeYard, said that LeatherGroups.com is the perfect complement to LUXR’s core home furnishings flash sale business and demonstrates the company’s ability to make strategic acquisitions necessary to achieve its long-term objectives.
Last week, LuxeYard announced that it expanded into the men’s apparel sector. LUXR said that its members-only website will feature 10 to 15 designer labels, as well as popular up-and-coming brands at discount of up to 70% of retail on a range of apparel and accessories.
LUXR shares rose sharply in Tuesday’s trading session. The stock ended the day 11.76% higher at $1.33.
Recent Comments