Post Covid Retail Market Strengthens with Men’s Care Growth: Endexx catches Amazon’s Eye; Cronos, Walgreens and CVS Sales Strengthen
The massive COVID restrictions placed across the globe have eased, or lifted entirely, sparking a major resurgence in the retail marketplace. While there are talks of recessions in various parts of the world, the general consumer trend of healthier lifestyles continues. From increased CBD demand, expansion of male skin care usage and more, the time to look at companies in these industries is now. Companies discussed in this article include: Endexx Corporation (OTCBB:EDXC), Cronos Group Inc (NASDAQ:CRON), Amazon.com Inc (NASDAQ:AMZN), Target Corporation (NYSE:TGT) and CVS Health Corporation (NYSE:CVS).
The global market for men’s personal care in 2021 was valued at $31 billion. During the pandemic shutdown, many sought home remedies for their skin care, this has seen a post-COVID increase in natural product demand. One company targeting this still under-served segment of the population is Endexx Corporation (OTCBB:EDXC). They recently announced their products were available at Target (NYSE:TGT): Endexx’s New Blesswell Skincare Line Introduced in Select Target Stores Nationwide.
Today, Endexx Corporation (OTCBB:EDXC), has announced their product availability on Amazon.com (NASDAQ:AMZN)
With over 8,000 stores carrying Endexx Corporation’s (OTCBB:EDXC) products, the addition of Amazon puts them in 4 of the 8 largest retailers. Their products are available in 13 countries internationally, ready to expand that reach with the recent news announcements.
Endexx Blesswell Men’s Premium Skincare Line Now Available [Nationwide] at Amazon.com
Endexx’s Product Lines Now Carried by Four of the Top Eight Retailers in the United States
CAVE CREEK, Ariz., September 6, 2022 (GLOBE NEWSWIRE) – Endexx Corporation (OTCBB:EDXC), a provider of innovative, plant-based, and sustainable health and skincare products, today announces the availability of its premium men’s Blesswell Skincare line is now available via Amazon.com.
The Blesswell line combines the premium quality of high-end ingredients with a price sensitivity that allows it to be easily accessible across multiple market segments. The recent availability for the products on Amazon, which follows the Company’s announcement of its launch at Target stores, places Endexx’s various health and skincare products in four of the top eight retailers in the United States. Endexx also currently markets Blesswell and other brands at Walgreens and CVS stores.
“This is an important milestone for the Blesswell brand as it ensures national accessibility for our men’s skincare line,” said Todd Davis, Endexx’s CEO and Chairman. “According to recent studies, 52% of all searches for retail purchases begin with Amazon rather than conventional search engines. With a potential global men’s skincare market of more than $12 billion, based on 2021 estimates1, and emerging awareness among American men of the value of self-care, we are excited for the potential for the Blesswell line. Further, we are not challenged by the current supply chain issues in our industry, and are working closely with Amazon and our other retailers to ensure that there is ample product for their shelves and online orders.
“In addition, with almost all sectors experiencing significant contraction across all markets, the expanding market for our Blesswell line demonstrates that major retailers are recognizing the quality of our product lines, especially given the very high bar that both Amazon and Target maintain in order for them to carry products, whether online on in brick-and-mortar locations,” concluded Mr. Davis.
Cronos Group Inc ((NASDAQ:CRON) last month announced ‘And as of June 30, we have sold more branded products than we did in all of 2021, incredible growth in just one year.’ for their Israel market. On a corporate level, ‘Consolidated gross profit for the second quarter of 2022 was $4.1 million, representing a $19.9 million improvement from the second quarter of 2021.’ per Bob Madore, Cronos’ CFO.
CVS Health Corp (NYSE:CVS) acquiring Signify Health Inc (NYSE:SGFY) brings a network of over 10,000 clinicians across all 50 states, seriously boosting CVS’s footprint. With a projected 2.5 million unique members in-person/virtually, that foot traffic furthers Endexx Corporation’s (OTCBB:EDXC) exposure and growth in the retailer.
Seeing the future trend and revenue stream potential, Target Corporation (NYSE:TGT) brings robotic manicures to six US stores in what may be an industry shaking move.
As mentioned in the news release quoted above from Todd Davis, Endexx’s CEO and Chairman (OTCBB:EDXC), expanding sales and product availability to Amazon (NASDAQ:AMZN) opens the doors to a massive audience, many of which start their searches right on the Amazon.com website, is a key move to consumer visibility and product use. Amazon’s continues foray into the medical/healthcase sector should see a boost in the healthcare product lines they carry, as ‘in-house’ recommendations should trump external/3rd party options.
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