1847 Goedeker and Appliances Connection Continue Strong Growth With February Orders up 130% and 90% Respectively
10 Mars 2021 - 1:15PM
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 February.
Key Highlights:
- Goedekers’ orders rose 130% year-over-year to $10.5 million in
February, up from $4.6 million in February 2020
- Appliances Connection’s orders rose 90% to $43 million in
February up from $22 million in February 2020
“We are excited to continue our strong start to 2021 with
another month of near-record orders,” stated Doug Moore, CEO of
Goedekers. “Order growth outpaced an increase in marketing spend,
driving Goedekers and Appliances Connection to generate 130% and
90% growth, respectively, in orders in February, which confirms to
us the ongoing transition in consumer preference for the
direct-to-consumer appliance retail operating model.”
“Consumer demand for online purchases of our appliances
continues to grow,” added Albert Fouerti, President of Appliances
Connection. “We are extremely encouraged by our ability to meet
this increasing demand and are thrilled with the performance of
both companies’ sales support staff who are doing an amazing job of
servicing our growing customer bases.”
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 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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version on businesswire.com: https://www.businesswire.com/news/home/20210310005468/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)
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