Weston, March 27, 2018 (GLOBE NEWSWIRE) -- , Petrone Worldwide, Inc. (OTC: PFWI), has over 20 years of dedicated sales, marketing and product development expertise within the hospitality and retail industry announces today that it has expanded its business with Dewan & Sons with cobranded products under its exclusive agreement and international strategic alliance. Dewan & Sons India, a leading Houseware articles and government export house of India is continuing to establish an expanded presence in the Territory of North America along with PFWI, as the appointed sole exclusive agent PFWI has most recently expanded its product offering with The Home Depot adding over twenty additional product offerings through the eCommerce platform and maintains an Outstanding Dropship Scorecard year to date. “The value-added warehousing and distribution (VAWD) with the e-commerce platform will be a significant cost savings along with the potential to serve new product offerings through this prestigious mass merchandising channel” said Victor Petrone, CEO of PFWI.
Victor Petrone further states, “The service includes direct fulfillment of branded products to retail customers, thereby bypassing a retailer’s distribution center to increase inventory turns and reduce margins.” PFWI will continue to be servicing these products through The Home Depot, this e-commerce portal has continued to prove its significance. This is a huge step forward for PFWI and will substantially increase revenues in the very short term.
“The functionality through Petrone is the ideal, their organization continues to prove its capabilities for two years with their expertise in logistics, marketing and the warehousing segment," our strategic alliance with Petrone Worldwide creates increased real-time communication with our purchasing agents and creates a new service which is preferable, allowing reduced Minimum Order Quantities (MOQs), so that smaller, more frequent orders can be placed off- setting long-term risks of holding too much inventory” said Surender Gandhi, President of Dewan & Sons to the array of high profile customers that we currently service. We have grown to a point that in order to continually expand and support the growing needs of our customers, our partnership with Petrone is paramount to the securing what we feel are endless growth opportunities. We are all very excited and look forward to continue growing as a team." With the addition of these capabilities Petrone Worldwide is able to drive value for its customers through lower costs and faster time-to market.
“The services includes Direct Store delivery of Dewan’s products to retail stores, thereby bypassing a retailers’ distribution center to increase inventory turns and reduce margins. With unexpected port delays, planning for safety stock has become all that much more of a key component to reducing fulfillment costs. Supply Chain operation efficiency of Petrone brings optimum results with a minimum budget. The vendor turn time performance, vendor order fulfillment and vendor customer satisfaction has been rated as outstanding; 100% rating in all three categories year to date, need I say more.” said Joe Gandhi, Vice President of Dewan & Sons.
About Dewan & Sons:
Dewan & Sons is a manufacturer in India focused on the production of articles of Brassware, Copperware, galvanized & wrought iron, aluminum ware, stainless steel utensils, EPNS and EPSS for luxury brands and mass merchandisers in North America and Europe in the houseware, furnishings marketplace. They offer, lighting, textiles, bath ware, décor, outdoor and garden products. The in-house design team works closely with leading design houses to bring new collections for every season and provide an unmatched combination of inspired design, high quality and unparalleled value.
About Petrone Worldwide, Inc. (OTC: PFWI):
Petrone Worldwide, Inc. (PFWI) has over twenty years of dedicated sales, marketing and product development expertise within the hospitality industry; selling products into worldwide markets acting as an import/export and master distributor for manufacturers. Today PFWI Portfolio includes Brassware, Copperware, galvanized & wrought iron, aluminum ware, stainless steel utensils, EPNS and EPSS, tableware and hotel guest room and property accessories. For more information, please visit our website at www.petroneworldwide.com.
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Source: PETRONE WORLDWIDE, INC.
Victor Petrone, CEO