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DALLAS, TX / ACCESSWIRE / June 10, 2021 / Envela Corporation (NYSE American:ELA) ("Envela" or the "Company") announced today that its subsidiary CEX Holdings, LLC ("CEX") has purchased the assets of CExchange
Envela Corporation: Envela Continues DGSE Retail Expansion with Frisco Location
DALLAS, TX / ACCESSWIRE / May 11, 2021 / DGSE, LLC ( DGSE ), a subsidiary of
Envela Corporation (NYSE American:
ELA
) ( Envela or the Company ), has entered into an agreement to purchase a retail building in Frisco, Texas for its next full-scale, modern Gold & Silver Exchange store in the Dallas/Fort Worth metroplex.
Building on the success of its most recent store openings in Lewisville and Grapevine, Texas, the Company is expanding its DFW presence with a 5,000 square foot premier store in Frisco, Texas. With a growth rate over 71% for the last decade and deemed the fastest-growing large city in the U.S. by the Census Bureau, Frisco was a natural choice for the next Dallas Gold & Silver Exchange ( DGSE ) location. This store will feature high-end customer service, an attractive product selection, and on-site jewelry repair. Brick-and-mortar expansion augments Envela s retail footprint and gives
Envela Continues DGSE Retail Expansion with Frisco Location
ACCESSWIRE
DGSE to purchase location for its second Dallas/Fort Worth flagship store
DALLAS, TX / ACCESSWIRE / May 11, 2021 / DGSE, LLC ( DGSE ), a subsidiary of
) ( Envela or the Company ), has entered into an agreement to purchase a retail building in Frisco, Texas for its next full-scale, modern Gold & Silver Exchange store in the Dallas/Fort Worth metroplex.
Building on the success of its most recent store openings in Lewisville and Grapevine, Texas, the Company is expanding its DFW presence with a 5,000 square foot premier store in Frisco, Texas. With a growth rate over 71% for the last decade and deemed the fastest-growing large city in the U.S. by the Census Bureau, Frisco was a natural choice for the next Dallas Gold & Silver Exchange ( DGSE ) location. This store will feature high-end customer service, an attractive product selection, and on-site jewelry repair. Brick-and-mortar expansion augments Envela s r
Envela Reports First Quarter 2021 Financial Results
ACCESSWIRE
Quarterly Net Income Up 71% Year-over-Year to $2.0 Million
DALLAS, TX / ACCESSWIRE / May 5, 2021 /
Envela Corporation(NYSE American:ELA) ( Envela or the Company ), today reported financial results for its first quarter ended March 31, 2021.
Management Commentary Envela delivered another period of solid profits in the first quarter of 2021 despite a historic Texas winter freeze and associated power outages that temporarily impacted our operations, said John Loftus, Chairman and CEO of Envela. Our ability to address these issues expeditiously reflects the Company s operational acumen and business resiliency. Envela s business continues to benefit from several growth drivers, including accelerated sustainability trends and an increasing supply of used electronics. Overall, we remain confident in our ability to drive profitable growth through 2021 and beyond.