Groupe Bikini Village inc.
TSX : GBV

Groupe Bikini Village inc.

May 08, 2008 13:00 ET

Groupe Bikini Village Inc. Moves Into a Larger Store in Thornhill

New location at The Promenade mall offers modern look, better location, more comfortable shopping

BOUCHERVILLE, QUEBEC--(Marketwire - May 8, 2008) - Groupe Bikini Village inc. (TSX:GBV) (the "Company") has opened a new store on the first floor of the popular The Promenade mall in Thornhill, Ontario, which is located in a higher-traffic area and is one-third larger than its previous location on the second floor of that mall. The new store, featuring Bikini Village's modern new look, offers the industry's widest choice of swimwear, beachwear and accessories for men and women, 12 months a year.

"We are proud of the beautiful new store we are opening at The Promenade in Thornhill, and the top-notch shopping experience it will provide for our customers in that community," said Yves Simard, CEO of Groupe Bikini Village inc. "We are renovating our stores across Eastern Canada to provide an even more inviting and comfortable environment for choosing and trying on new styles. Between the modern look of our new Promenade store and the assistance of our trained sales associates, our Thornhill customers will have a great time finding the swim and vacation apparel and accessories that are right for them."

Bikini Village stores are known across Eastern Canada for offering a wide range of well-known brands including Roxy, Christina, Gottex, O'Neill, OP, Anne Cole, Guess, Body Glove, and Tommy Hilfiger. No other retailer offers as vast a selection of swimsuits, beach and vacation accessories, and cruisewear.

The opening of Bikini Village's expanded and updated store at The Promenade in Thornhill is the latest in the Company's aggressive renovation and expansion strategy to refresh its entire retail presence throughout Eastern Canada. This strategy, undertaken in 2007 and slated to continue for some months to come, is already yielding improved financial results, with significant growth in the fourth quarter of fiscal 2007 compared to the same quarter a year earlier. Groupe Bikini Village's early 2008 results are continuing to show this trend.

"Groupe Bikini Village has a solid financial position, which is enabling us to continue executing on our renovation and expansion strategy without having to seek additional financing," said Mr. Simard. "We are pleased with the positive impact this strategy is already having on our results, and we will continue to pursue additional renovations and expansion in the coming months, as a means of delivering further shareholder value."

About Groupe Bikini Village

Groupe Bikini Village inc., serving Canadians for almost a quarter-century, is a leading swimwear retailer with a network of new and renovated boutiques across Eastern Canada. In its bright and inviting stores with comfortable change rooms and knowledgeable staff, Groupe Bikini Village helps its customers choose from among Canada's widest selection of swimsuits, beach accessories, and cruisewear, in the most popular brands the industry has to offer and styles to suit every figure. Headquartered in Boucherville, Quebec, Groupe Bikini Village inc. operates 58 stores and employs approximately 500 people; its securities trade on the Toronto Stock Exchange under the stock symbol GBV. For more information about Groupe Bikini Village inc., please visit our website at www.bikinivillage.com.

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