Welcome to our dedicated page for Newegg Commerce news (Ticker: NEGG), a resource for investors and traders seeking the latest updates and insights on Newegg Commerce stock.
Newegg Commerce, Inc. (symbol: NEGG) is a leading e-commerce company renowned for its extensive selection of tech-focused products and its exceptional customer service. Founded in 2001, Newegg has grown to become one of North America's premier online shopping destinations, consistently earning high industry ratings for customer satisfaction.
Headquartered in the City of Industry, California, Newegg operates multiple distribution facilities across the United States and Canada, ensuring efficient delivery of products to a global customer base. The company serves tens of millions of registered users worldwide, offering the latest in consumer electronics, computer components, entertainment, smart home devices, and gaming products.
Newegg's business model includes direct sales as well as an online marketplace platform, allowing third-party vendors to reach a vast audience. This marketplace is supported by robust fulfillment and marketing services, making it an attractive option for sellers looking to expand their reach.
Recent achievements include the expansion of Newegg’s global logistics services, enhancing their ability to serve customers in Europe, South America, Asia Pacific, and the Middle East. Additionally, Newegg continues to innovate in customer experience, leveraging cutting-edge technology to provide personalized shopping experiences and rapid delivery solutions.
For those interested in selling on Newegg.com, the platform offers comprehensive support through Newegg’s Seller Portal, available at newegg.io/sellers. This service helps vendors optimize their sales and marketing strategies for maximum impact.
With a commitment to quality and innovation, Newegg Commerce, Inc. remains a prominent player in the e-commerce industry, consistently adapting to meet the evolving needs of its tech-savvy customer base.
Newegg Commerce (NASDAQ: NEGG) has announced the launch of NVIDIA GeForce RTX 5070 Ti GPUs and related gaming PCs, available from February 20, 2025, at 6:00 am PST. The launch follows the successful release of RTX 5080 and RTX 5090 GPUs in January.
The company has reintroduced its Newegg Shuffle program for NVIDIA 50 Series GPUs, offering customers a random selection process to purchase high-demand products. Additionally, Newegg's Trade-In program allows customers to exchange older GPUs and CPUs for credit toward new technology purchases.
The RTX 5070 Ti features DLSS 4 technology with up to 8X higher frame rates, NVIDIA Reflex 2 with 75% reduced latency, fifth-generation Tensor Cores, and True 4K 240FPS capability. Newegg's in-house brand, ABS (ADVANCED BATTLESTATIONS), is launching a new line of gaming PCs equipped with RTX 5070 Ti GPUs, alongside offerings from other brands including Yeyian, MSI, Skytech, XIDAX, CyberPowerPC, and iBUYPOWER.
Newegg Commerce (NASDAQ: NEGG) reported a record-breaking launch of NVIDIA's RTX 50 Series GPUs, with inventory selling out within minutes. The launch generated unprecedented demand, with RTX 50 Series products dominating 18 of Newegg's top 25 most-visited product pages. The company experienced an 8-10x increase in site traffic, and search queries for '5080' and '5090' increased 25 times compared to the previous week.
The entire RTX 50 Series inventory sold out within 20 minutes, with most units claimed in just 5 minutes. Newegg offered products from manufacturers including ASUS, Gigabyte, AORUS, MSI, PNY, and ZOTAC, along with pre-built gaming desktops featuring the new GPUs. The company also highlighted its GPU Trade-In Program, launched in September 2023, allowing customers to trade in eligible pre-owned graphics cards and CPUs.
Newegg Commerce (NASDAQ: NEGG) has announced the availability of the new NVIDIA GeForce RTX 50 Series GPUs and exclusive ABS gaming PCs featuring these cards, launching on January 30, 2025, at 6:00 am PST. The lineup includes RTX 5090 and RTX 5080 GPUs with advanced features like DLSS 4, NVIDIA Reflex 2, and fifth-generation Tensor Cores.
The company's in-house brand, ABS, is introducing gaming PCs ranging from $2,499.99 to $4,699.99, featuring various configurations with Intel and AMD processors. Additional gaming PCs from AVGPC and Yeyian will also be available, priced between $2,699.99 and $4,299.99.
Additionally, ABS is entering the monitor market with a new 27-inch 180Hz QHD Gaming Monitor, featuring IPS panel technology, 1ms response time, and DisplayHDR 400 certification.
Newegg Commerce (NASDAQ: NEGG) announces its Black Friday Sale starting November 21, 2024, at 12:00 a.m. PST. The company introduces a Black Friday Price Protection Program valid through November 30, offering automatic refunds if prices drop after purchase. The sale features significant discounts on tech products, including gaming PCs, laptops, monitors, and components. Notable deals include an ABS Cyclone Gaming PC at $799.99 (20% off), ASUS ROG Swift 32" Monitor at $999 (23% off), and Intel Core i9-14900K at $449.99 (25% off).
Newegg Commerce, Inc. (NASDAQ: NEGG) announces its FantasTech II Sale from October 7 to October 11, offering deep discounts on a wide range of tech products. The sale includes thousands of deals across over 50 categories, featuring laptops, desktops, gaming accessories, and smart home devices. Highlights include:
- ABS Gaming Desktops with significant discounts
- Extended holiday returns policy through January 31, 2025
- Partnership with Affirm offering up to $200 off on eligible purchases
Jim Tseng, VP of Product Management, states it's 'truly the best time to buy or build your PC.' The sale targets both casual shoppers and tech enthusiasts, promising to be one of the biggest sales of the year.
Newegg Commerce (NASDAQ:NEGG) reported its first half 2024 results, showing a 14.5% decrease in net sales to $618.1 million compared to the same period in 2023. The company faced macroeconomic challenges and a slowdown in computer hardware sales. However, Newegg anticipates a rebound in the second half of the year, driven by expected upgrades of pandemic-era devices and the release of new AI-powered PCs.
Despite the sales decline, Newegg's adjusted EBITDA improved by 29% to $(7.3) million. The company is focusing on adjusting its size and structure to align with revenue outlook and is prioritizing core IT products and enhancing customer experience. Newegg also successfully renewed its credit agreement for an additional two years, providing borrowing capacity of up to $40-50 million depending on the time of year.
Newegg Commerce, Inc. (NASDAQ: NEGG) has launched a CPU Trade-In program on Newegg.com, expanding its trade-in offerings beyond the existing GPU Trade-In program. This new initiative allows customers to exchange their used CPUs for credit towards purchasing a new CPU from Newegg.
Additionally, Newegg has introduced a PC Trade-In program where customers can trade in eligible PCs when buying a qualifying Intel PC. These programs aim to provide customers with more options for upgrading their computer hardware while potentially saving money on new purchases.
Newegg Commerce, Inc. (NASDAQ: NEGG) has launched its 10th annual FantasTech Sale, running through July 19. The event offers record-breaking deals across over 50 product categories, including tech gear, appliances, and outdoor equipment. Highlights include:
- A 27" 180Hz gaming monitor for $99
- Laptop with 32GB RAM and 1TB SSD for $368.88
- Intel Core i9-13900K CPU for $399.99
- RTX 4070 GPU for $499.99
Additionally, approved customers can benefit from as low as 0% APR financing with Affirm throughout July. Orders between $100-$999.99 may be eligible for 0% APR 3-month financing, while orders over $1,000 may qualify for 0% APR 6-month financing.
Newegg has announced the presale for its 10th annual FantasTech Sale, live until July 14. The presale includes a price protection guarantee, ensuring customers benefit from maximum savings on early purchases. Major deals feature products like Intel and AMD processors, ASRock and Acer monitors, Lenovo laptops, MSI gaming laptops, and various tech accessories. During July, approved customers can also utilize 0% financing through Affirm for purchases over $100. Newegg aims to provide customers with confidence and value in their tech purchases, covering products from back-to-school gear to gaming essentials.
Newegg has announced its tenth annual FantasTech Sales event, running from July 15-19, with a presale from July 8-14. The event features thousands of deals across 50+ categories, including computers, PC hardware, home appliances, and more. Highlights include a 27” 180Hz Gaming Monitor for $99, and an Intel Core i9-13900K CPU for $399.99. Approved customers can benefit from 0% APR financing with Affirm for orders $100 and above. Newegg also offers various tools like the Student Store, PC Builder, and Laptop Finder to help customers make informed purchases.
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