Naples Soap Company (OTCMKTS:NASO) Stock In Focus After Expansion News
Retail destination known for hair care products and premium-quality skin, Naples Soap Company (OTCMKTS:NASO), on May 12, 2023, announced the expansion of its Florida presence through three new locations.
Trading Data
On Friday, NASO stock ended flat at $0.1900 with more than 5K shares, compared to volume of 353 shares. The stock moved within a range of $0.1900 – 0.1900 after opening trade at $0.1900.
Naples Soap Company Expands by Adding Three New Stores in Florida
Deanna Wallin, founder, and CEO of Naples Soap Company said that the company is moving across the state of Florida from Panhandle to southeast Florida to Florida’s west coast. Wallin added that the firm has set sights on locations in the previous year as they were a perfect fit with the growth strategy of being in coastal locations attracting tourists, residents as well as year-round shoppers. The CEO added that the firm faced several construction as well as hurricane-related delays but the company has overcome the challenges.
The new store at 4771 E. County HWY 30A, Suite C101 in Santa Rosa Beach is the firm’s second location in Florida Panhandle. The retail space is adjacent to the high-end boutique hotel called The Lodge 30A.
Naples Soap Company is also opening 2,300 square foot store at Wellen Park. Wallin added that the new store will fill the locational gap between its store in Punta Gorda at Fishermen’s Village. There is much growth in the area and the firm has established a brand in Charlotte and Sarasota counties.
