VANCOUVER, Jan. 25, 2018 /CNW/ - RYU Apparel Inc. (TSX VENTURE: RYU.V; Frankfurt Stock Exchange: RYA ) creators of urban athletic apparel, is pleased to announce that it has been highlighted in Canaccord Genuity's US Research report by Camilo Lyon: "The Experience Economy, how brands and retailers must evolve to reach the millennial consumer." In the report dated November 17, 2017, RYU is cited as one of two companies within the Active Gear space under the Active Lifestyle umbrella where sustained growth is expected for this category.
Canaccord's report states: "The company's CEO Marcello Leone has completely overhauled the company to create a unique athletic brand that sits at the cross section of urban, tough, beautiful design. The company has won numerous awards for its industry leading innovations in its bag and backpack designs and is gaining fast credibility in the athletic community for its innovative athletic urban wear."
"We are ecstatic that we are now officially on the radar of Canaccord US, a global bank that covers all the top tier players like Nike and Lululemon," says Marcello Leone, CEO of RYU. "Being recognized as a company that speaks to today's consumer by offering a new product category and experience is a great endorsement and validation of everything we do every day."
Respect Your Universe is an award-winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com
On Behalf of the Board
RYU APPAREL INC.
Marcello Leone, CEO, President and Chairman of the Board
This is not a recommendation by Canaccord Genuity Inc. to buy or sell RYU. Canaccord Genuity Research does not cover RYU and therefore does not have a rating or price target on the company. Clients of Canaccord Genuity Inc. can access the report: "The Experience Economy, how brands and retailers must evolve to reach the millennial consumer," through their research platform.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE RYU Apparel Inc.
For further information: Investor Relations: Contact: Anna Brazier, Investor Relations, 1-844-535-2880, [email protected], www.ryu.com; For Media inquiries, contact: Katie Stevens - Account Manager (Canada), 604-738-2220, [email protected]; Natasha Lucero-Conklin, Backbone Media-Senior PR Account Manager (U.S.), 970-963-4873 x128, [email protected]