1847 Goedeker and Appliances Connection Report March Orders up 106% and 110% Respectively
April 14 2021 - 07:30AM
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 continued strong order growth in March.
Key Highlights:
- Goedekers' orders rose 106% year-over-year to $9.5 million in
March, up from $4.6 million in March 2020
- Appliances Connection's orders rose 110% to $58.7 million in
March, up from $27.9 million in March 2020
“We are excited to report strong triple-digit order growth for
both Goedekers and Appliances Connection in March,” stated Doug
Moore, CEO of Goedekers. “We remain on track to completing the
Appliances Connection acquisition in the second quarter, and
together with infrastructure improvements, including the tripling
of our fulfillment capacity, which comes online this month, we
believe we are in a great position to drive meaningful top and
bottom-line performance.”
"We are working to meet the continually rising consumer demand
for purchasing appliances online," added Albert Fouerti, President
of Appliances Connection. "Our teams have done an amazing job
adjusting to the rapid growth experienced by both companies over
the past year."
About 1847 Goedeker Inc.
1847 Goedeker Inc. 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 95% of sales are placed through its website
(www.Goedekers.com).Goedekers provides
visitors an easy to navigate shopping experience and offers more
than 141,000 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 Company’s annual report on
Form 10-K for the year ended December 31, 2020 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210414005420/en/
Dave Gentry, CEO RedChip Companies Office: 1.800.RED.CHIP
(733.2447) Cell: 407.491.4498 dave@redchip.com
1847 Goedeker Inc. (NYSE:GOED)
Historical Stock Chart
From Feb 2024 to Mar 2024
1847 Goedeker Inc. (NYSE:GOED)
Historical Stock Chart
From Mar 2023 to Mar 2024