Alkaline Water Eyes E-Commerce Expansion

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  • Alkaline Water Company Inc WTER has entered into an agreement with an E-Commerce agency specializing in managing retailers' digital marketplaces.
  • The partnership will be managed by Alkaline Water's new Director of E-Commerce, Chris Pitman.
  • In his new role at Alkaline88, Pitman will manage overall strategy, on-platform marketing and advertising, e-commerce specific content and optimization, and supply chain efficiency.
  • Alkaline Water cited an eMarketer report that food and beverage was by far the fastest-growing e-commerce category in the U.S. in 2020 and forecasts 151.5 million U.S. digital grocery buyers by 2024 vs. 92.3 million in 2019.
  • Price Action: WTER shares are trading lower by 4.27% at $1.57 on the last check Thursday.
Posted In: NewsPenny StocksBriefs
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