Last week, Cesare Fazari, the recently appointed CEO and Chairman of the Board of RYU Apparel Inc., the Vancouver-based urban athletic apparel company, updated its shareholders on the immediate focus areas to be addressed as the company restructures. RYU will be reopening its flagship retail locations in Toronto and Vancouver while reducing ‘brick & mortar’ expenditures in other locations. Fazari also noted that online sales are critical to the company’s future and growth as an internationally recognized brand. A spokesperson for the company explained that discussions are continuing with landlords to negotiate better terms to align with the company focus on digital and eCommerce. ‘Brick & mortar’ locations are still considered a component as long as it works with the company’s fiscal plan. “The future of brick and mortar retail has been greatly affected by Covid-19, so we are taking a slow and steady approach to the best way to adapt to the new normal in the retail shopping experience,” the spokesperson added. Fazari also pointed out that customer demand for RYU's products has outweighed supply due to an inadequate investment in inventory. The company has identified its best-selling products while concurrently arranging for new inventory purchases to satisfy demand. Early in 2020, RYU officially opened its flagship store in Williamsburg in New York’s Brooklyn borough and a location in Newport Beach, its second in California. Jeri Brodie at Aurora Realty Consultants is responsible for the site selection in Canada. The RYU stores generally operate in 2000 to 2500 square foot units.
Category: Active Wear, Men’s & Women’s
Chain Banner: RYU
Company Name: RYU Apparel Inc.
Flagship Store Address: 1745 West 4th Ave., Vancouver, British Columbia V6J 1M2
Tel: 844/535-2880 Fax:
Email: firstname.lastname@example.org Website: www.ryu.com
Principal Use: Urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of athletically minded men and women, tailored for fit, comfort, and durability.
Introduced: Athletic apparel company opened its first flagship location on West 4th Ave. in Kitsilano in Vancouver in late 2015.
No. of Locations: Reopening Vancouver and Toronto flagship stores
Areas of Operation: Canada, United States
Types of Locations: High streets, Major malls
Size Required: 2000 to 2500 sq.ft.
Special Requirements: Close to boutique fitness and gyms, personal trainers, complementary retailers such as cafes, fashion, shoes.
Business Type: Public Company, Corporate stores
Company Contacts: Cesare Fazari – CEO, Chairman
Real Estate Representatives: Aurora Realty Consultants, 171 East Liberty St., Suite 202, Toronto, Ontario M6K 3P6 (Jeri Brodie – 416/972-9414 email@example.com)
Parent Company: Respect Your Universe Inc., Vancouver, British Columbia
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