Major Warehouse Retailer Selects Dogness Product Following Global Buyer Conference
Dogness (International) Corporation (NASDAQ: DOGZ), based in Plano, Texas, announced that a major retailer has chosen one of its tailored product sets. The company expects to finalize specifications and order quantities soon. This partnership follows a prior expansion of Dogness products in the retailer's stores, demonstrating strong relations and reliability in delivery. CEO Silong Chen highlights the significance of this win, aiming for further North American growth and potential global expansion. Dogness's diverse product line reaches customers through major retailers and online platforms.
- Major retailer selected Dogness for a tailored product set, indicating market trust.
- Expansion of product line in the selected retailer's stores enhances brand visibility.
- CEO emphasized strong customer relationships and reliability in larger order deliveries.
- Dependence on a major retailer could introduce risks related to sales concentration.
PLANO, Texas, Dec. 1, 2022 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced a major retailer selected one of its specially tailored product sets. Dogness expects to finalize product specifications and initial order quantities over the coming weeks.
The retailer expanded the breadth of the Dogness product line it carries to include certain traditional pet products earlier this year, following a large-scale rollout in 2021 of Dogness smart pet products in their stores.
Silong Chen, Chairman and Chief Executive Officer of Dogness, commented, "This is a major win for us with material unit order volumes expected. We have built a strong relationship with this customer, having started out small and gradually increasing stores we had a presence in. We were excited to be invited to the 2023 global product review and thought a great deal about the products we would showcase. The product ultimately selected demonstrates our excellent research and design capabilities, and high-quality manufacturing. We have demonstrated our reliability to deliver the larger qualities this customer requires. We aim to enter as many North American locations as possible in the initial rollout phase and hope to expand to the customer's global locations in the future."
Dogness has built an integrated sales platform across all channels, with major customers including Petco, PetSmart, Costco Wholesale Corporation, Xiuhu, Sam's Club, Walmart, Target, QVC®, Pet Value, Pets at Home, PETZL, Petmate, Trendspark, Anyi Trading, IKEA, SimplyShe, and online shopping platforms, such as Amazon, Chewy.com, Boqii Holding Limited, Target.com, HomeDepot.com, Loews.com, Wayfair.com, JD, Tmall and Taobao, as well as live streaming sales platforms hosted by influencers.
About Dogness
Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com.
Forward Looking Statements
No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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SOURCE Dogness (International) Corporation
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