Singing Machine Announces New Partnership with Vendo Commerce to Grow Amazon Sales
Portfolio Pulse from Benzinga Newsdesk
The Singing Machine Company, Inc. (NASDAQ: MICS) has announced a partnership with Vendo Commerce to maximize sales opportunities through Amazon's online platform. Vendo is a digital growth company specializing in e-commerce strategies for Amazon and Walmart.com.
June 29, 2023 | 12:04 pm
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NEUTRAL IMPACT
The partnership between Singing Machine and Vendo Commerce could potentially increase sales on Amazon's platform, but the impact on Amazon's stock price is likely to be minimal.
While the partnership could potentially increase sales on Amazon's platform, Amazon is a large and diversified company. Therefore, the impact of this partnership on Amazon's overall sales and stock price is likely to be minimal.
CONFIDENCE 70
IMPORTANCE 25
RELEVANCE 50
POSITIVE IMPACT
Singing Machine's partnership with Vendo Commerce could potentially increase its sales on Amazon, which may positively impact its stock price.
The partnership with Vendo Commerce, a company specializing in e-commerce strategies, could potentially increase Singing Machine's sales on Amazon. This could lead to increased revenues and potentially a positive impact on the company's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100