SAN FRANCISCO, CA– EPSC, (Marketwired – Apr 26, 2016) – Vista Partners announced today that it has updated coverage on Epic Stores Corp. (OTCBB: EPSC) (“The Company,” or “EPSC”) and maintained its twelve-month price target of $2.25. Ross Silver, Principal Analyst at Vista Partners, stated, “While many retail businesses close their doors every day, the resale category, in which Epic Stores operates, remains healthy and continues to be one of the fastest growing segments of retail. With new stores entering the industry and current establishments opening additional locations, the industry has experienced a growth — in number of stores — of approximately 7% a year for the past two years. Resale (or Thrift) is a multi-billion dollar a year industry. First Research estimates the resale industry in the U.S. to have annual revenues of approximately $16 billion including revenue from antique stores which are 13% of their statistics. Goodwill Industries alone generated $5.37B in retail sales from more than 3,000 Not For Profit resale stores and their online auction website in 2014.”
To download a FREE copy of the Epic Stores Corp. research report, please visit http://www.vistapglobal.com and click the “download research” icon to gain access to the report. The SPDR S&P Retail ETF (NYSE: XRT) is up approximately 4% in 2016.
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