1847 Goedeker Inc. (NYSE: GOED) and Appliances Connection Report Record Breaking Black Friday / Cyber Monday Results
December 03 2020 - 8:00AM
Business Wire
1847 Goedeker Inc. (NYSE American: GOED) (“Goedekers” or the
“Company”), a one-stop e-commerce destination for appliances and
furniture and Appliances Connection, a leading appliance retailer
under a definitive agreement to be acquired by the Company, are
pleased to report record web traffic and orders during the Black
Friday and Cyber Monday holiday week (11/23 – 12/1).
As the trend towards buying big ticket items online continues to
accelerate, Goedekers and Appliances Connection were poised to take
advantage of the surge in demand. Increases in marketing efficiency
resulted in record web traffic, phone calls and orders,
year-over-year.
1847 Goedeker Highlights (nine-day holiday period):
- Orders increased 71% year-over-year to $6.5M vs. $3.8M in the
prior year period
- Site sessions increased 81% year-over-year to 313K vs. 173K in
the prior year period
- Received record number of sales calls
- Answered 96% of sales calls w/ average hold time of 45
seconds
Appliances Connection reported triple digit growth in site
visits and orders, consistent with similar trends experienced by
Goedekers. Both companies continue to capitalize on the
opportunities that the shift to online has created.
“As we anticipated, our website traffic and orders surpassed all
previous Black Friday and Cyber Monday metrics,” stated Doug Moore,
CEO of 1847 Goedeker. “Our team delivered outstanding sales
performance and customer service during the most important sales
event of the year.”
Albert Fouerti, President of Appliances Connection, added,
“Appliances Connection, like Goedekers, had an incredible week. We
shattered all our records for web traffic and orders taken during
this year’s peak shopping period.”
About 1847 Goedeker Inc.
1847 Goedeker is an industry leading e-commerce destination for
appliances, furniture, and home goods. Since its founding in 1951,
Goedekers has transformed from a local brick and mortar operation
serving the St. Louis metro area to a respected nationwide
omnichannel retailer that offers one-stop shopping for national and
global brands. While the Company maintains its St. Louis showroom,
over 90% of sales are placed through its website (www.goedekers.com). Goedekers provides visitors an
easy to navigate shopping experience and offers more than 185,000
items organized by category and product features. Specialization in
the home category has enabled Goedekers to build a shopping
experience and an advanced logistics infrastructure that is
tailored to the unique characteristics of the market. Learn more at
www.goedekers.com.
About Appliances Connection
Founded in 2000, Appliances Connection is one of the leading
retailers of household appliances with a 200,000 square foot
warehouse in Hamilton, NJ and a 23,000 square foot showroom in
Brooklyn, New York. Appliances Connection carries many household
name brands, including Bosch, GE, Frigidaire, Whirlpool, LG, and
Samsung, and also carries many major luxury appliance brands such
as Verona, Thermador, La Cornue, Dacor, Smeg, and Viking. Appliance
Connection provides appliance installation services and old
appliance removal services. In addition to selling appliances, it
also sells furniture, fitness equipment, plumbing fixtures,
televisions, outdoor appliances, and patio furniture, as well as
commercial appliances for builder and business clients.
Forward Looking Statements
This press release contains “forward-looking statements” that
are subject to substantial risks and uncertainties. All statements,
other than statements of historical fact, contained in this press
release are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of
words such as “anticipate,” “believe,” “contemplate,” “could,”
“estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,”
“potential,” “predict,” “project,” “target,” “aim,” “should,”
"will” “would,” or the negative of these words or other similar
expressions, although not all forward-looking statements contain
these words. Forward-looking statements are based on 1847 Goedeker
Inc.’s current expectations and are subject to inherent
uncertainties, risks and assumptions that are difficult to predict.
Further, certain forward-looking statements are based on
assumptions as to future events that may not prove to be accurate.
These and other risks and uncertainties are described more fully in
the section titled “Risk Factors” in the final prospectus related
to the public offering filed with the Securities and Exchange
Commission. Forward-looking statements contained in this
announcement are made as of this date, and 1847 Goedeker Inc.
undertakes no duty to update such information except as required
under applicable law.
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Dave Gentry, CEO RedChip Companies Office: 1.800.RED.CHIP
(733.2447) Cell: 407.491.4498 dave@redchip.com
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