Cool Holdings Inc (NASDAQ: AWSM) is flying early on in the trading session this morning, and for good reason. The company issued a press release, highlighting its OneClick® Apple reseller store in the Dominican Republic. Of course, the news excited investors who are pushing the stock up in the market this morning. Today, we’ll talk about:
- The OneClick store;
- what we’re seeing from AWSM as a result; and
- what we’ll be watching for ahead.
AWSM Highlights OneClick Retail Store
As mentioned above, Cool Holdings is having an incredibly strong start to the trading session this morning after the company provided an overview of its OneClick Store. In a press release issued early this morning, AWSM highlighted details with regard to the store.
The store, located in the Agora Mall in Santo Domingo, was recently acquired as part of a 7-store chain. It is 1,590 square feet, which is important because that makes it the largest Apple authorized reseller retail location in the Dominican Republic. The store is located in a heavy foot traffic zone within the mall. The company said that traffic at the store is about 4,000 people per week and sales continue to rise.
In a statement, Felipe Rezk, Chief Sales and Marketing Officer at AWSM, had the following to offer:
We are extremely proud of this new Flagship store, and have aggressive goals to grow store sales to the level of APR stores in larger countries such as Chile, Argentina and Colombia. The OneClick® Agora Mall store is the embodiment of the APR Apple® experience. We believe our staff is among the finest in the country, and customers are able to experience first-hand the entire product portfolio from Apple® and third-party accessory manufacturers such as Bose, Speck, Belkin and Clik, among others.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dig into the market is that the news leads to moves. In the case of Cool Holdings, the news proved to be overwhelmingly positive. After all, the OneClick store is likely to generate strong revenue for the company, which will just about always lead to excitement among investors. So, it comes as no surprise that excitement has hit and the stock is flying. As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:31), AWSM is trading at $6.91 per share after a gain of $1.73 per share or 33.40% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on AWSM. In particular, we’re interested in following the story surrounding the OneClick store and the revenue that is generated through it. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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