STOCK TITAN

Top eCommerce Company Expands Cooperation with Dogness

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Dogness (International) Corporation (NASDAQ: DOGZ) announced an expansion of cooperation with a leading eCommerce company in China, which has over 500 million active customers. CEO Silong Chen expressed confidence in this partnership, emphasizing its role in enhancing logistics and supply chain efficiency. Dogness has built an integrated sales platform across various channels, including major customers like Petco and Walmart, as well as online platforms such as Amazon. The company focuses on quality products aimed at pet owners, supported by a strong vertical supply chain.

Positive
  • Expansion of cooperation with a leading eCommerce platform in China with over 500 million active customers.
  • Strong existing partnerships with major retailers like Petco, Walmart, and online platforms like Amazon.
  • Focus on quality and integrated sales platform is expected to enhance customer retention and growth.
Negative
  • None.

DONGGUAN, China, Dec. 22, 2021 /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 an expansion of its cooperation with one of the world's largest eCommerce companies in China, which boasts a dominant position in the China market with over 500 million active customers.

Silong Chen, Chairman and Chief Executive Officer of Dogness, commented, "We have worked together for a few years and appreciate the confidence expressed in this latest expansion. This is an ideal omni-channel platform, with over 500 million active customers, and an enhanced marketplace ecosystem proven to accelerate merchants' growth and operating efficiency."

"Our partner has high confidence in our products and the Dogness' brand, and like us, expects our products to sell well based on our category penetration, focus on quality and loyal customer following. Cooperations like this are an integral part of our growth strategy as we focus on retaining and growing customers, further strengthening our logistics capabilities, and continuing to enhance our supply chain to mitigate ongoing global challenges."

Dogness has built an integrated sales platform across all channels, with major customers including, Petco, PetSmart, Costco Wholesale Corporation, Sam's Club, Trendspark, Pet Value, Walmart, Target, IKEA, SimplyShe, Pets at Home, PETZL, QVC®, and Petmate, and online shopping platforms, such as Amazon, Chewy.com, JD, Boqii Holding Limited, Target.com, HomeDepot.com, Loews.com, Wayfair.com, 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.

Logo (PRNewsfoto/Dogness International Corporation)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/top-ecommerce-company-expands-cooperation-with-dogness-301449482.html

SOURCE Dogness International Corporation

FAQ

What recent partnership did Dogness (DOGZ) announce?

Dogness announced an expanded cooperation with a leading eCommerce company in China, enhancing its market reach.

How many active customers does Dogness's partner have?

The partner has over 500 million active customers.

Which major retailers does Dogness (DOGZ) collaborate with?

Dogness works with Petco, Walmart, PetSmart, and others.

What is the focus of Dogness's product line?

Dogness focuses on high-quality pet products across various categories.

How does Dogness (DOGZ) plan to strengthen its logistics?

Dogness aims to enhance logistics capabilities and supply chain efficiency through its expanded partnerships.

Dogness (International) Corporation

NASDAQ:DOGZ

DOGZ Rankings

DOGZ Latest News

DOGZ Stock Data

577.46M
1.64M
55.3%
3.02%
2.66%
Leisure
Consumer Cyclical
Link
United States of America
Dongguan