1847 Goedeker Awards Contract for New Fulfillment Center Facility Improvements to TW Constructors
February 08 2021 - 6:55AM
Business Wire
1847 Goedeker Inc. (NYSE American: GOED) (“Goedekers” or the
“Company”), a one-stop e-commerce destination for appliances and
furniture, has awarded a construction contract to TW Constructors,
LLC, a full-service design/build minority-owned general contractor
based in St. Louis, MO, to complete the facility improvements at
the Company’s new fulfillment center in St. Charles, MO.
“We are excited to move forward with the build-out of our new
fulfillment center and showroom,” stated Jacob Guilhas, VP
Logistics of 1847 Goedeker. “The increased capacity will help us
meet our 2021 projections and serve as an expanded warehouse to
support Appliances Connection's customers in the western-half of
the US, while also enabling us to inventory the best-selling
products, reducing time from order to shipment and driving a 3x
improvement to shipping capacity compared to our current
facility."
The construction includes a preparation for a new 8,040 square
foot on-trend showroom and retail space and 3,800 square feet of
office space for up to 30 full-time employees carrying out
day-to-day operations. Construction is expected to begin in
mid-February and will be completed within 60-90 days, with order
fulfillment operations beginning immediately upon completion. The
showroom expected to open in the summer of 2021.
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 156,000
items organized by category and product features. 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, Cafe, Frigidaire Pro, Whirlpool, LG,
and Samsung, and also carries many major luxury appliance brands
such as Miele, Thermador, La Cornue, Dacor, Ilve, Wolf, Jenn-Air,
Viking among others. Appliance Connection provides appliance
installation services and 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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