CellWest Group, a best in class retail development and management company, recently announced its acquisition of 3 Cellairis® in WalMart™ stores. Cellairis® in WalMart™ combines cutting-edge repair service in a vastly popular category: Mobile devices and electronics with the largest and most successful retailer in the world, Walmart®.
With mobile device ownership reaching above 100% saturation, and tablet ownership growing each year, the mobile device repair industry represents $1.4 billion in annual revenue with annual growth projected at 6%. Additionally, the mobile device repair industry is ripe for consolidation. CellWest Group is well-poised to take advantage of this.
With average foot traffic of 40,000 people going past each store every week, and the trendlines showing that one in three mobile device users will break his or her phone this year, the market is ripe to be served by a best in class operator. In conjunction with Cellairis® and WalMart™, CellWest Group is bringing together capital and management expertise to serve this market and drive the maturation of this market at a growth trajectory previously unseen in this arena.
“At CellWest Group, we are transforming the experience of mobile device ownership and also helping the environment by saving our customers money and keeping untold numbers of smartphones and tablets out of the landfill,” said Eric Johnson, Chairman and CoFounder of CellWest Group.
“We are working with our partners to open numerous markets across the United States. This acquisition was driven by both our executive team and our silent partners, all of who are excited for the potential for growth.”
To learn more about CellWest Group please visit: www.cellwestgroup.com/
About CellWest Group:
CellWest Group comes to market with an already in place talent bench of operators with deep industry experience who in addition to their individual expertise have an international network of resources to draw from, including capital, human resources, talent, and creative entrepreneurs as they build an organization already infused with a culture focused on delivering high quality retail experiences. CWG is actively partnering with investors to maximize ROI on their investments by efficiently operating the stores and utilizing innovative retailing strategies and advanced technology to become the go-to solution for mobile device repair. Headquartered in Texas, and with offices strategically located throughout the U.S., CWG is well positioned to quickly respond to the needs of any given market.