Store network growth driven by brand demand and platform investments following $50 million Series B Funding Round
NEW YORK and CHICAGO, May 3, 2022 /PRNewswire/ — Jump today announces the expansion of its store network into five additional national markets, enabling brands to deploy omnichannel retail stores through its platform in premium locations across Boston, MA, Columbus, Ohio, Greenwich, Connecticut, Philadelphia, Pennsylvania and washington d.c. for the first time. As Leap continues to invest in its platform systems and operating capabilities while adding additional markets, its store network will continue to grow in all of its existing markets, including New York City, Los Angeles, Chicago, South Florida, dallas, AustinScottsdale and San Francisco.
“We are excited to build on the proven success of our platform and provide our branded customers with access to premium locations in these five new U.S. markets. Our analysis, which is based on millions of brand and product data points, as well as omnichannel shopper insights plus local real estate, shows these new markets are ideal for the brands on our platform,” said Amish Tolia, Co-Founder and Co. -CEO of Leap “Retail has always been fundamental to brand building and, as brands face supply chain challenges and rising costs of online customer acquisition, omnichannel retail has become even more important. We couldn’t be more excited to expand our network and accelerate growth towards our ultimate vision – a future in which platforms like ours power all winning brands and companies, big and small. »
Today, Leap has over 20 million registered shoppers and operates 55 retail stores for dozens of brands, including Goodlife, Mack Weldon, Naadam, Something Navy and ThirdLove, with new stores launching for Frankies Bikinis, Globe-Trotter and more in the coming weeks. By deploying stores in close proximity to each other, often on the same block as on Bleecker St. in New York City and Abbot Kinney Blvd. in Venice, California, Leap creates local and national economies of scale and allows brands to connect with shoppers faster, resulting in better sales performance. And, by signing leases directly with owner partners, Leap mitigates risk for brands and owners.
“We look forward to building on our success in retail this year and entering some of these new markets with Leap,” said Heidi Zack, co-founder and CEO of ThirdLove. “By leveraging the Leap platform, we are able to acquire more customers and grow our brand across the country, with built-in efficiency from day one.”
In addition to working with modern brands, Leap works with retail owners, brokers and developers to lease store locations for the brands on its platform in neighborhood storefronts and malls and malls. very efficient. “Leap is a great partner that allows us to quickly introduce winning brands to our premium properties, attracting even more valuable buyers,” said Tim Phair, Principal at L3 Capital. “We are excited to continue to evolve with Leap as its presence expands in the United States.”
Leap is building the world’s largest network of branded retail stores, powered by data, technology and scale. Leap’s platform enables brands to deploy stores that work in concert with e-commerce faster and at significantly reduced cost and risk. Brand stores powered by Leap bring modern brands to life with engaging, immersive customer experiences and operations driven and informed by millions of data points. Learn more about the Leap platform and brand stores powered by Leapto http://leapinc.com.