Xwell advances expansion plan outside airport, three new Naples Wax locations

XWELL announced that it has signed leases to open three additional Naples Wax Center locations this year. Additionally, the Company intends to grow the Naples Wax Center portfolio by 5-7 additional locations in the Southeastern part of the United States during the next 12 months. Two of the new locations announced will extend Naples Wax Center’s footprint in the greater Naples and Cape Coral markets and are expected to open in the second half of 2024. Additionally, a third location is scheduled to open in Tampa during the third quarter of 2024. “We’re excited to strengthen Naples Wax Center’s already strong footprint in Southwest Florida while also extending our presence to Tampa for the first time,” commented XWELL Chief Executive Officer, Scott Milford. “These plans underscore our focus on smart expansion and increasing retail revenue beyond our airport locations. To further accelerate XWELL’s growth, we plan to announce additional Naples Wax Center’s in both new and established markets in the near future with a goal of bringing the Naples Wax and Skin Care experience to customers all over.”