WPF Holdings acquires KPOP 1004’s online and e-commerce assets

E-commerce and digital consultancy firm WPF Holdings, KPOP 1004’s online and e-commerce assetsa Ok-POP and Ok-Magnificence specialty retailer.

KPOP 1004 will obtain 10,000 shares of WPF Holdings’ widespread inventory and unique distribution rights to all Ok-Pop and Ok-Magnificence merchandise for WPF Holdings and its subsidiaries.

The monetary phrases of the transaction weren’t disclosed.

WPF Holdings mentioned in a press release that the transaction “displays the extra technology-focused side of WPF Holdings and replaces and closes the beforehand introduced takeover settlement between the events.”

Following the acquisition, WPF Holdings will combine all acquired property and operations into its new subsidiary, Ok-Store.

KPOP 1004 will function the only real distributor of all Ok-Pop and Ok-Magnificence merchandise for the brand new firm.

The retailer is presently the biggest Ok-Pop retailer within the US.

WPF Holdings mentioned the deal will permit it to extend gross sales and appeal to on-line Ok-Pop followers utilizing WPF Holdings’ advertising and expertise.

Alongside the digital web site, Ok-Store will set up bodily kiosks at every KPOP 1004 location to assist shoppers buy merchandise which might be on-line solely or out of inventory.

The kiosk program was first launched at Ontario Mills Mall, Westfield Valencia Downtown and San Francisco Premium Retailers in California, in addition to Las Vegas South Premium Retailers in Nevada.

KPOP 1004 plans to increase to different states by the top of this yr.

The US Ok-Magnificence market presently generates $10.3 billion in income and is anticipated to achieve $31.6 billion in income by 2029.

WPF Holdings goals to supply e-commerce and digital consulting providers to assist companies ‘navigate the ever-evolving digital panorama’.

The corporate employs colleagues in net design, digital advertising and e-commerce technique, amongst different fields.

By these, it goals to assist manufacturers improve their on-line presence and income.