Four Nines, an innovative retail concept under Envela Corporation, officially opened two new stores in San Antonio, Texas, on October 15, 2024. The new locations are situated at 8597 Blanco Road and 17641 Bulverde Road. A soft opening for the Bulverde store preceded this official launch.
These new physical locations represent an expansion of Envela's Consumer segment footprint across the U.S. The company's strategy includes organic expansion, with new stores impacting recent operational costs and asset bases. This move aims to broaden the reach of its recommerce services.
The expansion into San Antonio aligns with Envela's focus on its Consumer segment, which deals in authenticated high-end luxury items and secondary market bullion. Increasing the number of retail outlets is a direct effort to enhance inbound material flow for its in-store buying programs.
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