Epic Stores Progresses Toward Grand Opening of San Antonio Market

Received Certificate of Completion for New Stores; Off Price Locations Remain Hot Trend in Retail

PHOENIX, AZ / ACCESSWIRE / May 23, 2016 / Epic Stores, Corp. ("Epic" or the "Company") EPSC, a second-hand goods retailer that operates retail stores in the United States, announced continued progress as it moves closer to expanding into the San Antonio, Texas market. Epic's planned store in San Antonio received its Certificate of Completion last week. Management continues to expect the grand opening to occur within 60 days.

Brian Davidson, President and Chief Executive Officer of Epic Stores Corp., commented, "Increasingly, consumers are spending money on new technology and experiences, and seeking ways to reduce their spending on fashion, and this is driving interest in lower-priced retail outlets like Epic Thrift. The oversupply of high-end fashion retailers, and the impact of discount and internet-based retailers is driving savvy consumers to seek alternatives for clothing purchases, as off-price channels continues to take market share from traditional retail locations. While the full-priced retail segment is struggling, discounters are thriving."

"This trend is supported by the opening of more than 600 new discount retail units during 2015 across the United States, and our strategic expansion into San Antonio is a part of this industry growth," added Mr. Davidson. "Established retailers are closing traditional stores and opening discounted locations like Nordstrom Rack and Off Fifth brands. In the aggregate, the 'off-price' segment has grown more than 12% in the last year, growing to more than 4,200 locations nationwide. We are excited about capitalizing on this evolving trend and look forward to sharing more information on our new locations in the near term."

About Epic Stores Corp.

Epic is a second hand goods retailer that operates second hand retail stores in the United States. Based in Phoenix, Arizona, the company offers high quality, on-trend second hand clothing, accessories and household products at affordable prices. As of March 31, 2016, the company employed 165 employees and operated 10 retail stores in four states. Founded in 2010, Epic opened its first retail store in Phoenix, Arizona. Since that time, the company has opened additional stores in Arizona, Nevada, Colorado, and Texas. All of the retail stores sell products directly to consumers. The company also operates a leading wholesale business that supplies used shoes, books and clothing to distributors.

Forward-Looking Statements

The information in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. Examples of forward-looking statements include, but are not limited to, statements regarding: (i) the adequacy of the Company's liquidity to meet its needs for the foreseeable future, (ii) the benefits expected to be recognized in connection with retail and whole sales, (iii) the Company's expectation that the current market conditions will continue. The Company's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.

Company Contacts

Brian Davidson
President and CEO
Epic Stores Corp.
Tel (623) 565-5758

Investor Relations

Brett Maas
Managing Partner
Hayden IR
Tel (646) 536-7331
brett@haydenir.com

SOURCE: Epic Stores Corp.