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Stock impact report

Reborn Coffee Launches on Amazon, Expanding OMNI-Channel Strategy for E-Commerce Growth [Yahoo! Finance]

Reborn Coffee, Inc. (REBN) 
Company Research Source: Yahoo! Finance
BREA, Calif., June 18, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), (“Reborn”, or the “Company”), a California-based retailer of specialty coffee, today announced its official launch on Amazon. This strategic move enhances the Company's OMNI-channel approach, aiming to drive substantial revenue growth and capture a wider online customer base. According to Grand View Research, the global coffee market is projected to reach $144.7 billion by 2025, with a significant portion driven by specialty coffee. In the United States alone, the online specialty coffee market is expected to grow at a CAGR of 8% from 2023 to 2025, reaching an estimated value of $5.5 billion by 2025. By launching on Amazon, Reborn Coffee will access millions of potential customers, utilize advanced marketing tools to enhance brand presence and drive traffic, ensure prompt and reliable delivery through Fulfillment by Amazon (FBA), leverage data analytics to inform marketing strategies and product de Show less Read more
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