GOED - GOED STOCK NEWS

1847 Goedeker Inc. (GOED) has closed two senior secured promissory notes with a total of $5 million in gross proceeds, which includes approximately $4.59 million in net proceeds. The financing is intended to bolster inventory as the company prepares for its acquisition of Appliances Connection. CEO Doug Moore noted strong orders and sales momentum, with expectations to complete the acquisition by the second quarter. This funding aims to address supply constraints and support growing customer demand. Further details are available in the recent 8-K filing.

1847 Goedeker Inc. (GOED) reported significant order growth in February, driven by strong consumer demand for online appliance purchases. Orders increased by 130% year-over-year to $10.5 million, up from $4.6 million in February 2020. Appliances Connection, a company that Goedekers is acquiring, saw order growth of 90% to $43 million, compared to $22 million a year earlier. CEO Doug Moore highlighted the transition to a direct-to-consumer model, while Appliances Connection's President praised their sales staff's performance.

1847 Goedeker Inc. (NYSE American: GOED) reports record revenue growth in January. Revenue surged 68% year-over-year to $4.7 million, while Appliances Connection saw an impressive 88% increase to $33.3 million. On a combined basis, revenue reached $38.0 million, up 85% from the previous year. CEO Doug Moore expressed optimism for continued growth, despite industry supply shortages. The U.S. household appliance market, currently valued at $21 billion, is projected to grow at a CAGR of 13.7%, reaching $40 billion by 2025.

1847 Goedeker Inc. (GOED) reports record orders for January 2021, indicating a major growth trajectory. Orders for Goedeker surged by 176% year-over-year, reaching $11.0 million, while Appliances Connection’s orders increased 114% to $43.4 million. These results were achieved without a rise in marketing spending, showcasing consumer preference shifts towards direct-to-consumer models. The company's leadership anticipates that this trend will continue post-acquisition.

1847 Goedeker Inc. (GOED) has awarded a construction contract to TW Constructors for improvements to its new fulfillment center in St. Charles, MO. The project includes building a new 8,040 sq. ft. showroom and expanding office space. Completion is expected within 60-90 days, enhancing shipping capacity threefold and supporting operations for Appliances Connection in the western US. This expanded facility aims to meet 2021 projections and improve order fulfillment efficiency.

1847 Goedeker Inc. (NYSE American: GOED) will feature an interview with CEO Doug Moore on The RedChip Money Report® on Bloomberg Network, airing on February 6 at 7 p.m. in the U.S. Moore discusses the Company’s anticipated acquisition of Appliances Connection and objectives aimed at reaching $1 billion in revenue. Goedeker, an e-commerce leader in home goods, has evolved from a local retailer to a nationwide omnichannel player. The interview will provide insights into the Company’s growth strategies and market positioning.

1847 Goedeker Inc. (NYSE American: GOED) announced record orders and shipped orders for December. Orders increased by 82% year-over-year to $11.1 million, with shipped orders rising 18% to $6.0 million. Appliances Connection, which is under agreement to be acquired by Goedekers, saw its orders surge 105% to $39.8 million, with shipped orders up 37% to $29.0 million. CEO Doug Moore noted improving supply conditions, while President Albert Fouerti highlighted significant growth in premium categories and increasing consumer engagement.

1847 Goedeker Inc. (NYSE American: GOED) has announced a televised interview with CEO Doug Moore on The RedChip Money Report. The segment discusses the Company's acquisition of Appliances Connection and plans to achieve $1 billion in revenue. Goedeker, a leading e-commerce retailer in appliances and furniture, has shifted from a local venture to a nationwide omnichannel retailer. The interview will air to 100 million households across Europe, enhancing visibility for the Company's growth objectives.

1847 Goedeker Inc. (GOED) announced an upgrade to its fulfillment center, enhancing capacity to support 2021 growth forecasts and Appliances Connection shipments. The new facility will feature a showroom and nearly 200% increase in warehouse capacity, boosting shipping capabilities threefold. The company aims to capitalize on the $21 billion appliance retail industry as the only pure-play online retailer on a major exchange. CEO Doug Moore emphasized that this investment aligns with their vision of achieving billion-dollar revenues and becoming the largest online appliance retailer in the U.S.