Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 219

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 219
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 Boundless Network, Inc. (Zazzle Inc.), Custom Ink,
Cimpress plc (Nasdaq: CMPR), HALO Branded Solutions, Inc., Imagine This (Shye West, Inc.), Power Promotions, Inc. and Global Promotional
Sourcing, LLC. We also compete with a multitude of foreign, regional and local competitors that vary by market. If our existing or future
competitors seek to gain or retain market share by reducing prices, we may be required to lower our prices, which would adversely affect
our operating results. Similarly, if customers or potential customers perceive the products
or services offered by our existing or future competitors to be of higher quality than ours or part of a broader product mix, our revenues
may decline, which would adversely affect our operating results.

25

We face intense competition to gain market
share, which may lead some competitors to sell substantial amounts of goods at prices against which we cannot profitably compete.

Our marketing strategy is to differentiate ourselves
by providing quality service and quality products to our customers. Even if this strategy is successful, the results may be offset by
reductions in demand or price declines due to competitors’ pricing strategies or other micro- or macroeconomic factors. We face
the risk of our competition following a strategy of selling its products at or below cost in order to cover some amount of fixed costs,
especially in stressed economic times.

Global, national or regional economic slowdowns,
high unemployment levels, fewer jobs, changes in tax laws or cost increases might have an adverse effect on our operating results. 

Our primary products within our promotional products
are used by workers and, as a result, our business prospects are dependent upon levels of employment and overall economic conditions on
a global, national and regional level, among other factors. Our revenues are impacted by our customers’ opening and closing of locations
and reductions and increases in headcount, including from voluntary turnover and increased automation. If we are unable to offset these
effects, such as through the addition of new customers, the penetration of existing customers with a broader mix of product and service
offerings, or decreased production costs that can be passed on in the form of lower prices, our revenue growth rates will be negatively
impacted. Likewise, increases in tax rates or other changes in tax laws or other regulations can negatively affect our profitability.

While we do not believe that our exposure is greater
than that of our competitors, we could be adversely affected by increases in the prices of fabric, natural