Aterian Launches hOmeLabs, PurSteam, & Mueller Living Brands On Target+
November 26 2024 - 7:00AM
Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”), a
technology-enabled consumer products company, today announced that
it has begun selling products from its popular hOmeLabs, PurSteam,
and Mueller Living brands on Target+, the online marketplace of
Target Corporation. The Company expanded its product offerings from
Squatty Potty on Target+ as well. This strategic expansion provides
Aterian with a premium platform to reach millions of new online
shoppers and underscores the Company's strategy to grow its
omni-channel presence while maintaining flexibility and scalability
in its operations.
Launched in 2019, Target+ is an invitation only
marketplace for third party sellers that provides customers with
premium, direct to consumer, and national brands. By offering a
curated selection of high-demand products across its home, kitchen,
and lifestyle categories, Aterian aims to strengthen its ability to
meet consumers where they shop.
This move complements the Company’s existing
presence on Amazon.com, Walmart.com, and its direct-to-consumer
websites, while also demonstrating its ability to adapt to the
evolving e-commerce landscape.
“This milestone underscores our commitment to
our omni-channel growth strategy,” said Phil Lepper, Chief Revenue
Officer of Aterian, Inc. “Partnering with Target+ offers an
excellent platform to showcase our Squatty Potty, hOmeLabs,
PurSteam, and Mueller Living brands to Target’s loyal customers. By
expanding our presence across diverse channels, we are able to
strengthen our position in the marketplace and accelerate growth
for our products and brands.”
For more information about Aterian and its portfolio of brands,
visit www.aterian.io.
About Aterian, Inc.
Aterian, Inc. (Nasdaq: ATER) is a
technology-enabled consumer products company that builds and
acquires leading e-commerce brands with top-selling consumer
products in multiple categories, including home and kitchen
appliances, health and wellness, and air quality devices. The
Company sells across the world’s largest online marketplaces, with
a focus on Amazon and Walmart in the U.S., and on its own
direct-to-consumer websites. Aterian’s primary brands include
Squatty Potty, hOmeLabs, Mueller Living, PurSteam, Healing
Solutions, and Photo Paper Direct.
Forward
Looking StatementsAll statements other than statements of
historical facts included in this press release that address
activities, events or developments that we expect, believe or
anticipate will or may occur in the future are forward-looking
statements including, in particular, regarding our omni-channel
expansion strategy, strengthening our position in the marketplace
and growth for our brands’ products. These forward-looking
statements are based on management’s current expectations and
beliefs and are subject to a number of risks and uncertainties and
other factors, all of which are difficult to predict and many of
which are beyond our control and could cause actual results to
differ materially and adversely from those described in the
forward-looking statements. These risks include, but are not
limited to, those related to our ability to continue as a going
concern, our ability to meet financial covenants with our lenders,
our ability to maintain and to grow market share in existing and
new product categories; our ability to continue to profitably sell
the SKUs we operate; our ability to create operating leverage and
efficiency when integrating companies that we acquire, including
through the use of our team’s expertise, the economies of scale of
our supply chain and automation driven by our platform; those
related to our ability to grow internationally and through the
launch of products under our brands and the acquisition of
additional brands; those related to consumer demand, our cash
flows, financial condition, forecasting and revenue growth rate;
our supply chain including sourcing, manufacturing, warehousing and
fulfillment; our ability to manage expenses, working capital and
capital expenditures efficiently; our business model and our
technology platform; our ability to disrupt the consumer products
industry; our ability to generate profitability and stockholder
value; international tariffs and trade measures; inventory
management, product liability claims, recalls or other safety and
regulatory concerns; reliance on third party online marketplaces;
seasonal and quarterly variations in our revenue; acquisitions of
other companies and technologies and our ability to integrate such
companies and technologies with our business; our ability to
continue to access debt and equity capital (including on terms
advantageous to the Company) and the extent of our leverage; and
other factors discussed in the “Risk Factors” section of our most
recent periodic reports filed with the Securities and Exchange
Commission (“SEC”), all of which you may obtain for free on the
SEC’s website at www.sec.gov.
Although we believe
that the expectations reflected in our forward-looking statements
are reasonable, we do not know whether our expectations will prove
correct. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof,
even if subsequently made available by us on our website or
otherwise. We do not undertake any obligation to update, amend or
clarify these forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws.
Investor Contact:
Ilya Grozovsky Vice President, Investor
Relations & Corporate DevelopmentAterian,
Inc.ilya@aterian.io917-905-1699 aterian.io
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