Creatd Ventures Sees Amazon Sales Increasing Across its Portfolio of CPG Brands

Rhea-AI Summary

Creatd, Inc. (Nasdaq CM: CRTD) reports positive developments for its consumer product goods (CPG) brands on Amazon, expecting increased online distribution for FY2023. The company has achieved record sales days on Amazon Prime for its products like Basis and Camp, with strong return-on-ad-spend. Additionally, Creatd continues to grow its brick-and-mortar presence through partnerships with Urban Outfitters and Erewhon Markets. The company is also exploring multiple acquisition opportunities to expand its product portfolio significantly in the coming quarters.

Positive

• Significant online distribution expected for FY2023 through Amazon marketing.
• Record Amazon Prime sales days for products like Basis and Camp with high return-on-ad-spend.
• Growth in brick-and-mortar partnerships with Urban Outfitters and Erewhon Markets.
• Plans to double the product portfolio through potential acquisitions.

Negative

• None.

• Amazon marketing and 3PL solutions to be a more significant online distribution channel for FY2023
• Brick-and-mortar sales and partnerships continue to grow

NEW YORK, Aug. 25, 2022 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), is pleased to provide an update on Creatd Ventures' portfolio of consumer product goods brands. 

Creatd Ventures full suite of consumer product goods (CPG) brands, are now available on Amazon, including:

• Dune Glow Remedy – beauty and wellness beverage
• Camp – healthy protein-packed Mac'n'Cheese
• Basis - clean hydration beverage
• Brave – plant-based overnight breakfast

Commented Creatd's Founder and Executive Chairman, Jeremy Frommer "We have already experienced record sales days on Amazon Prime for both Basis and Camp, without corresponding increases in marketing spend. Our return-on-ad-spend regularly surpasses two times our cost and is expected to significantly further increase as we refine our data and analytics. Additionally, we continue to make headway in the brick-and-mortar space, which I believe is important for a well-balanced CPG portfolio. Recent winds have included the expansion of our product lines at both Urban Outfitters and Erewhon Markets. Our acquisitions group is currently looking at a half-a-dozen potential acquisitions, I would expect our portfolio to double within the next few quarters."

About Creatd

Creatd, Inc. (Nasdaq CM: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. The Company has four main business segments, or 'pillars': Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios. Each pillar is characterized by a distinct revenue model, while operating on a shared-services structure and proprietary data collected from our multiple technology platforms. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.

Creatd: https://creatd.com;

Creatd IR: https://investors.creatd.com;

Vocal Platform: https://vocal.media;

Investor Relations Contact: ir@creatd.com 

Forward-Looking Statements

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SOURCE Creatd, Inc.

FAQ

What recent developments have occurred for Creatd (CRTD) regarding Amazon sales?

Creatd reported increasing Amazon sales for its consumer product brands and record sales days on Amazon Prime.

How is Creatd (CRTD) performing in brick-and-mortar sales?

Creatd is expanding its brick-and-mortar presence through partnerships with retailers like Urban Outfitters.

What are Creatd's (CRTD) future plans for acquisitions?

Creatd plans to potentially double its product portfolio through multiple acquisition opportunities.

What is the expected impact of Amazon marketing on Creatd's (CRTD) sales in FY2023?

Creatd anticipates Amazon marketing to become a more significant online distribution channel for FY2023.