Stran & Company Secures Multiple Six-Figure, Multi-Year Agreements with Large National and Global Organizations
Stran & Company (NASDAQ: SWAG) has secured six-figure, multi-year agreements with two major industry players: a leading manufacturer of recreational watercrafts and a national pet supply retailer. These agreements demonstrate Stran's ability to provide cost-effective, technologically advanced promotional marketing solutions. Stran's selection was influenced by its strong track record, scalable warehousing, and creative abilities. The company aims to leverage these contracts to drive market awareness, customer loyalty, and sustained organic revenue growth.
- Secured six-figure, multi-year agreements with two major companies.
- Chosen by one of the world's largest watercraft manufacturers for promotional marketing management.
- Selected by a national pet supply retailer with over 200 stores.
- Strong track record and cost-effective solutions cited as key factors for selection.
- Technological infrastructure and quick deployment capabilities praised.
- Scalable warehousing and in-house decoration capabilities highlighted.
- Potential for long-term organic revenue growth through new contracts.
- No specific financial figures or growth metrics provided to quantify impact.
- Potential dependency on a few large contracts for revenue growth.
Insights
Stran & Company has announced securing significant multi-year agreements with two major clients. From a financial standpoint, these contracts offer valuable insights.
Firstly, the mention of
Additionally, the partnerships with a large watercraft manufacturer and a national pet supply retailer highlight Stran's ability to attract high-profile clients. This diversification in client base can mitigate risks associated with economic downturns in any single industry. These deals may also enhance Stran's market perception, possibly leading to new business opportunities.
While these contracts are promising, investors should remain cautious about the potential costs involved in fulfilling these agreements, such as warehousing and technology infrastructure expenses. Monitoring the impact on profit margins in upcoming earnings reports will be crucial.
From a market research perspective, Stran & Company's ability to secure contracts with major players in diverse sectors is noteworthy. This demonstrates Stran's adaptability and expertise in handling varied promotional needs across industries. The watercraft and pet supply sectors are both unique in their promotional strategies and target customers, showcasing Stran's comprehensive service offerings.
These agreements exemplify Stran's competitive edge in technology and logistics. The mention of their technology infrastructure and scalable warehousing capabilities suggests strong operational efficiencies. This can be a significant differentiator in the promotional products market, where timely and effective campaign execution is critical.
Moreover, the clients' acknowledgment of Stran's creative abilities underlines the company's innovation in marketing solutions. Such creativity is essential for maintaining client satisfaction and fostering long-term relationships, which can lead to potential contract renewals and expansions.
Investors should consider how these technological and creative strengths might position Stran for further market penetration and growth. However, it's important to see if these capabilities translate into consistent revenue growth and market share gains in future quarters.
Customers include a large watercrafts manufacturer and a national pet supply retailer, demonstrating Stran’s ability to meet the needs of diverse customers
Quincy, MA, June 04, 2024 (GLOBE NEWSWIRE) -- Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: SWAG; SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced that it has secured six-figure agreements with two industry-leading customers.
First, Stran signed an agreement with one of the world's largest manufacturers of recreational watercrafts, which selected Stran to manage its promotional marketing based in part on its cost-effective solutions and strong track record. Additionally, Stran’s technology infrastructure and ability to quickly deploy a customer landing page to further promote their business were important factors in Stran’s selection.
Second, Stran was selected by a leading pet supply retailer with over two hundred stores around the U.S. as its promotional products manager. Stran’s technology, in-house decoration, and scalable warehousing capabilities were key to Stran’s selection by this customer. This customer also acknowledged the importance of Stran’s creative abilities, wireframe, and site mockups in the selection, as well as Stran’s professionalism and comprehensive offerings.
Andy Shape, President and CEO of Stran, stated, “We continue to witness strong contract momentum in 2024, evidenced by these significant agreements, and are pleased that each of these customers chose Stran to manage their promotional marketing program with a goal of increasing their market awareness and customer loyalty. Moreover, our goal is to subsequently expand upon these relationships as we demonstrate our capabilities and value, as we have done repeatedly with other customers. Overall, we are gaining significant sales traction and anticipate these new customers will aid in driving our continued strong organic revenue growth over the long-term.”
About Stran
For over 29 years, Stran has grown to become a leader in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise, and loyalty incentive programs as a tool to drive awareness, build brands and impact sales. Stran is the chosen promotional programs manager of many Fortune 500 companies, across a variety of industries, to execute their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. Stran provides world-class customer service and utilizes cutting-edge technology, including efficient ordering and logistics technology to provide order processing, warehousing and fulfillment functions. The Company’s mission is to develop long-term relationships with its clients, enabling them to connect with both their customers and employees in order to build lasting brand loyalty. Additional information about the Company is available at: www.stran.com.
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These risks and uncertainties include those which are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Relations Contact:
Crescendo Communications, LLC
Tel: (212) 671-1021
SWAG@crescendo-ir.com
Press Contact:
Howie Turkenkopf
press@stran.com
FAQ
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