Newegg Commerce, Inc. owns and operates Newegg.com, an online electronic products retail platform in the United States. The company offers computer hardware products, computers and tablets, electronic products, software, gaming products, cell phones and accessories, home appliances, home living and improvement products, health and beauty products, automotive and industrial products, outdoor and garden supplies, office and point of sale products, sporting goods, watches and jewelry, apparel and accessories, toys, and baby and pet products. The company also provides Newegg Logistics, a logistics solution to help e-commerce sellers and organizations streamline order fulfillment, shipment, and returns. It serves corporations, businesses, and individuals. Newegg Commerce, Inc. has a partnership with Payability, Inc. to launch Newegg Capital, a tech-enabled working capital solution for marketplace sellers. The company was founded in 2001 and is based in City of Industry, California. Newegg Commerce, Inc. operates as a subsidiary of Hangzhou Lianluo Interactive Information Technology Co.,Ltd.
IPO Year: 2010
Exchange: NASDAQ
Website: newegg.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2023 | $3.50 | Outperform | Noble Capital Markets |
Newegg Commerce, Inc. (NASDAQ:NEGG), a global leader in computer and technology products, is excited to announce its upcoming FantasTech II Sale, running from October 7 through October 11. The highly anticipated sale event promises deep discounts on a wide selection of tech products, ranging from the latest laptops, computer components, gaming accessories, and smart home devices, to its home line of ABS Gaming Desktops, which are assembled by Newegg. Thousands of products will be on sale, targeting both casual shoppers and tech aficionados looking to upgrade their PCs and gear, in what will be one of the biggest sales of the year. This press release features multimedia. View the full releas
Newegg Commerce, Inc. (NASDAQ:NEGG) (the "Company" or "Newegg"), a leading global technology e-commerce retailer, today announced results for the six months ended June 30, 2024. Newegg Chief Executive Officer Anthony Chow stated, "As expected, the first half of the year saw a slowdown in computer hardware sales due to ongoing macroeconomic challenges and a shortage of new product launches. However, we anticipate a rebound in sales during the second half as consumers begin to upgrade their pandemic-era devices. We believe the increasing availability, affordability, and capabilities of AI-powered PCs will strengthen our long-term outlook for core computer sales. We are particularly enthusia
Customers can now trade-in an eligible CPU for credit toward a new CPU or trade-in an eligible PC with purchase of a qualifying Intel PC Newegg Commerce, Inc. (NASDAQ:NEGG), a leading global e-commerce company specializing in computers and consumer electronics, today announced that its CPU Trade-In program is now live on Newegg.com. As the latest addition to the GPU Trade-In program launched last year, Newegg's CPU Trade-In program enables customers to trade their used CPUs in exchange for credit toward an entirely new CPU from Newegg. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731065444/en/Newegg's CPU Trade-In Program
Newegg Commerce, Inc. (NASDAQ:NEGG), a global e-commerce leader for technology products, today announced that its tenth annual FantasTech Sale is now live through July 19 with more deals than ever before. Customers can find some of the best online deals in North America on desktop computers, laptops, PC hardware and peripherals, software, server components, appliances, TV & home theater, smart home, outdoors, gaming, and more. Product markdowns span over 50 categories to give consumers a wide assortment of discounts just in time for summer and back-to-school shopping. Approved customers can also benefit from as low as 0% financing with Affirm throughout the sale and the month of July. This
Newegg Commerce, Inc. (NASDAQ:NEGG), a global e-commerce leader for technology products, today announced that the Presale for its tenth annual FantasTech Sales event is now live. This Presale comes with the FantasTech Price Protection guarantee, ensuring early buyers reap maximum savings on products they purchase prior to the main sale. Approved customers can also benefit from as low as 0% financing with Affirm throughout the sale and the month of July. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240708228518/en/Newegg FantasTech 2024 Presale (Graphic: Newegg) "Giving customers early access to some of our best deals of the ye
Newegg Commerce, Inc. (NASDAQ:NEGG), a global e-commerce leader for technology products, today announced its tenth annual FantasTech Sales event with thousands of deals in over 50 categories. The event will deliver substantial savings on computers, PC hardware and accessories, home appliances, outdoor gear, gaming devices, tech products and more. The FantasTech Presale will take place from July 8 through July 14 with a Price Protection guarantee, and the FantasTech Sale will run from July 15 to July 19. Approved customers can also benefit from as low as 0% financing with Affirm throughout the sale and the month of July. This press release features multimedia. View the full release here: ht
Member-exclusive deals from June 17-23 Newegg Commerce, Inc. (NASDAQ:NEGG), a leading global e-commerce company specializing in computers and consumer electronics, is excited to announce its first-ever Newegg+ Week, an exclusive online savings event for Newegg+ members. The event will run from June 17-23, offering registered members exceptional deals on a wide variety of products. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240614840834/en/Newegg+ Week (Graphic: Newegg) Newegg+ Week is designed to reward members of Newegg's free customer membership program exclusive savings during a time when shoppers are actively seeking o
Booth #E07 Newegg Marketplace, a division of Newegg Commerce, Inc. (NASDAQ:NEGG), a leading global e-commerce company specializing in computers and consumer electronics, today announced its participation in Mobile Disrupt, taking place June 18-19, at The Bellagio in Las Vegas. Mobile Disrupt, known for its focus on the secondary phone market, presents an opportunity for Newegg Marketplace to expand its repurposed mobile phone inventory, a category that the company has prioritized to grow. Highlights of Newegg Marketplace's offerings to be showcased at Mobile Disrupt include: Low commission rate: For a limited time, new sellers can benefit from a reduced commission rate of 3% for th
Booth #602 Newegg Marketplace, a division of Newegg Commerce, Inc. (NASDAQ:NEGG), a leading global e-commerce company specializing in computers and consumer electronics, today announced the company will exhibit at the Retail Innovation Conference and Expo 2024 (RICE), June 5-6, McCormick Place, Booth #602, in Chicago. This event marks a significant opportunity for Newegg Marketplace to continue to expand its network by attracting new sellers across both its core and broader product categories. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250505215048/en/Ray Chung (center), senior category manager for Newegg Marketplace, meet
Modern marketplace platform leverages company's e-commerce expertise and AI development Newegg Commerce, Inc. (NASDAQ:NEGG), a leading global e-commerce company specializing in computers and consumer electronics, today announced the launch of SellingPilot, a new SaaS platform designed to revolutionize multichannel marketplace management for sellers. Developed by a team of e-commerce and software development experts, SellingPilot aims to eliminate some of the barriers sellers face when listing and selling on popular online marketplaces. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603582733/en/SellingPilot, a new multichan
Noble Capital Markets initiated coverage of Newegg Commerce with a rating of Outperform and set a new price target of $3.50
Reports first half 2021 increases of 39.9% and 33.9% in net sales and gross margin, respectively Newegg Commerce, Inc. (NASDAQ:NEGG), a leading tech-focused e-retailer in North America, announced its financial results for the six months ended June 30, 2021. First Half 2021 vs. First Half 2020 Financial Highlights (unaudited) Net sales increased 39.9% to $1,206.9 million from $862.7 million Gross profit increased 33.9% to $166.9 million from $124.6 million Net income increased 14.0% to $21.6 million (or $0.05 per diluted share) compared to net income of $18.9 million (or $0.05 per diluted share) Operational Highlights as of June 30, 2021 Unique active customers: 4.2 million Re
On July 14, 2021, Hangzhou Lianluo Interactive Information Technology Co., Ltd ("Hangzhou Lianluo") issued a statement via a public filing in China stating that it believes that the gross merchandise value ("GMV"), net sales and net income of Newegg Commerce, Inc. (the "Company," "us," "our," or "we") for the six months ended June 30, 2021 are expected to increase over the GMV, net sales and net income for the same period in 2020. Hangzhou Lianluo is the controlling stockholder of the Company and is publicly traded on the Shenzhen stock exchange. Hangzhou Lianluo made this filing in order to comply with the rules and regulations of the Shenzhen stock exchange. The Company is correspondingly
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Benefits include free shipping, first access to new products and exclusive deals Newegg Commerce, Inc. (NASDAQ:NEGG), a leading global e-commerce company specializing in computers and consumer electronics, today announced the launch of Newegg+, a free customer membership program that offers substantial benefits. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423399970/en/Newegg+, a new free customer membership program from Newegg, offers a variety of desirable benefits. (Graphic: Newegg) Newegg+ elevates the Newegg shopping experience by giving members priority services like free shipping on millions of products, exclusive
TikTok's new promotional campaign offers some of the best opportunities for customers to get incredible deals from Newegg before the holidays Newegg Commerce, Inc. (NASDAQ:NEGG), a global e-commerce leader for technology products, is ushering in the holiday spirit with its participation in the TikTok Shop Holiday Deals promotion. This promotional sale is now spreading holiday joy for customers looking for "doorbuster"-quality deals during the festive season. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231213801837/en/Shade Moore gets ready to go live on Newegg's TikTok channel to discuss deals during the TikTok Shop Holiday
Sharing deals with friends encourages them to join to unlock deals faster Newegg Commerce, Inc. (NASDAQ:NEGG), a global e-commerce leader for technology products, today announced the launch of Group Buy, a locked daily deal that requires a minimum number of customers to show interest to unlock it. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231113714995/en/Group Buy offers a sizable daily deal that unlocks when enough customers show interest. The current deal is for a keyboard. (Graphic: Newegg) Group Buy is an innovative Newegg e-commerce feature that combines community and social shopping elements. An aggressive daily dea
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Newegg Commerce Inc (NASDAQ:NEGG) shares are trading higher by 9.4% to $1.16 during Monday’s session after the company announced that the presale for its tenth annual FantasTech Sales event is now live. Newegg says the presale, which runs until July 14, offers the FantasTech Price Protection guarantee to ensure early buyers get the best prices. The event features deals on products across more than 50 categories, including laptops, PC hardware, software and gaming products. Kevin Lin, VP of Product Management at Newegg, emphasized the goal of providing customers with confidence in their purchases during this sale. Read Also: French Luxury Stocks Fall As Tax Concerns Rise After Left-
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Newegg Commerce, Inc. (NASDAQ:NEGG), a global e-commerce leader for technology products, today announced that the Presale for its tenth annual FantasTech Sales event is now live. This Presale comes with the FantasTech Price Protection guarantee, ensuring early buyers reap maximum savings on products they purchase prior to the main sale. Approved customers can also benefit from as low as 0% financing with Affirm throughout the sale and the month of July.