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Boxed, Inc. has signed a Memorandum of Understanding with AEON CO LTD to launch its e-commerce software in Vietnam, marking an expansion of their partnership beyond Malaysia. This move aims to enhance AEON's digital capabilities and e-commerce growth in the Vietnamese market. Boxed's proprietary technology will facilitate AEON's omnichannel initiatives, showcasing Boxed’s ability to operate internationally. Boxed's COO highlighted the significance of this expansion as their first venture involving a non-English implementation.
Boxed, Inc., an online retailer specializing in bulk household consumables, has signed a Memorandum of Understanding with AEON Vietnam Company Limited, aiming to launch its e-commerce software in Vietnam by the end of 2022. This partnership builds on their successful collaboration in Malaysia, where Boxed's technology powered AEON’s e-commerce capabilities. As Boxed expands into Vietnam, it highlights its ability to execute in non-English markets. The companies are also exploring further partnerships in Indonesia and other strategic markets.
Boxed, an e-commerce grocery platform, announced participation in key investor conferences in June 2022. On June 15, Boxed will host a fireside chat at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Virtual Conference at 3:00 p.m. ET. The company will also participate in the Jefferies Consumer Conference from June 20-22, with a chat available on June 20 at 8:00 a.m. ET. Additionally, Boxed will host a fireside chat on June 29 at the Wells Fargo 4th Annual 'Bricks to Clicks' Digital Conference at 8:40 a.m. ET. Live webcasts will be accessible on Boxed's Investor Relations website.
Boxed, Inc. (NYSE: BOXD, BOXD WS) has been added to the Russell 2000® Index, effective June 27, 2022. This membership signifies the company’s growth following its recent business combination. The Russell 2000® Index represents the small-cap segment of the U.S. equity market, with approximately $12 trillion in assets benchmarked against Russell's indexes. Boxed's CEO, Chieh Huang, stated that inclusion in this index will enhance awareness of Boxed as the company pursues its growth objectives.
Boxed, Inc. (NYSE: BOXD, BOXD WS) announced its inclusion in the MSCI Global Small Cap Indexes – MSCI USA Index, effective May 31, 2022. This milestone enhances Boxed's visibility among institutional investors and highlights the company's growth potential. The MSCI index is a benchmark for global investors, indicating a significant recognition of Boxed's accomplishments in the e-commerce grocery market. Boxed operates a retail platform that offers bulk consumables to customers without requiring membership, supported by proprietary technology.
Boxed has announced a new multi-year partnership with FedEx to enhance its delivery services nationwide. The agreement will allow Boxed to increase shipment volumes, reducing transportation costs and enabling reinvestment in lower prices and more promotions for customers. The collaboration aims to improve delivery capabilities, providing customers with a seven-day service, enhancing overall customer experience. This partnership highlights how e-commerce and logistics can work together to meet evolving customer demands in a challenging supply chain environment.
Boxed, an e-commerce grocery platform, announced its participation in the 17th Annual Needham Technology & Media Conference on May 19, 2022, hosting a fireside chat at 11:00 a.m. ET. The live webcast will be available for replay on the Investor Relations website.
Boxed provides bulk consumables without requiring a big-box store membership, supported by proprietary e-commerce technologies. Additionally, it offers enterprise-level e-commerce solutions through its Software & Services business, focusing on strong Environmental, Social and Governance (ESG) practices.
Boxed, an e-commerce grocery platform, reported a 14.1% increase in net revenue to $46.6 million for Q1 2022, driven by strong demand in both Retail and Software & Services segments. Gross Merchandise Value (GMV) rose 19.2% to $53.4 million, with net revenue per active customer increasing 32.4% to $276. Despite a net loss of $36.2 million, the company maintains its fiscal year guidance of $220-$245 million in total net revenue. Boxed continues to focus on technology improvements and brand awareness initiatives.
Boxed has strengthened its leadership team with the appointment of three new C-Suite executives: Anna Meyer as Chief Revenue Officer, Jung Choi as General Counsel, and Veracelle Vega as Chief People Officer. These appointments come as the company aims for accelerated growth following its public listing. Meyer brings over 20 years of revenue generation experience, Choi has extensive legal expertise in public companies, and Vega specializes in building high-performing teams focused on diversity and inclusion. These strategic hires support Boxed's long-term growth objectives.
Boxed, an e-commerce grocery platform, will report its Q1 2022 results on May 10, 2022, after market close. A conference call is scheduled for 4:30 p.m. ET on the same day to discuss the results. Investors can access the live webcast through the Boxed Investor Relations website. Boxed operates a bulk consumables retail service without the need for big-box store memberships and provides e-commerce solutions through its Software & Services business. The company emphasizes ESG practices and aims to make a positive social impact.
