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Newegg Expands North American Presence with New Distribution Facilities in Georgia and California
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Newegg Commerce, Inc. (NASDAQ: NEGG) has unveiled two new distribution centers in Atlanta, GA and Ontario, CA, expanding its operational footprint to eight facilities across the U.S. The Atlanta center spans over 200,000 sq. ft., enhancing service efficiency for customers in the Southeast. Meanwhile, the Ontario facility, operational since mid-September, improves logistics and order fulfillment, particularly for Southern California. With this expansion, Newegg's total distribution space exceeds 2.1 million sq. ft., reflecting its commitment to rapid delivery and customer satisfaction.
Positive
Expansion of distribution centers to enhance logistical efficiency.
Total distribution space increased to over 2.1 million sq. ft.
Atlanta facility improves delivery speed across the Southeast region.
Ontario facility boosts order fulfillment capabilities for Southern California.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
Newegg Commerce, Inc. (NASDAQ: NEGG), a leading tech-focused e-retailer in North America, today announced its expansion into two new distribution centers located in Atlanta, GA and Ontario, CA. At more than 200,000 and 240,000 square feet respectively, the facilities are important distribution points to help Newegg better serve its customers throughout the country. With a total of eight distribution facilities located throughout the United States, Newegg now has more than 2.1 million square feet of warehouse and distribution space in key domestic hubs, including Los Angeles, Indianapolis, the New York metropolitan area and now Atlanta.
“These new distribution facilities further our commitment to quick and efficient delivery to customers throughout the United States,” said Don Gwizdak, Newegg’s VP of Operations. “Establishing a presence in Atlanta enables us to reach customers across the lower half of the Eastern Seaboard much more quickly and efficiently than before, while our new Ontario facility gives us the scalability to meet the demands of our growing customer base on the West Coast.”
Atlanta Facility
At more than 200,000 square feet, the new Atlanta facility is an important distribution point to help Newegg better serve its customers throughout the Southeast region. Until now, Newegg had relied primarily on its Midwest and Northeast facilities to serve customers across the entire Eastern half of the United States. Establishing a presence in Atlanta enables the company to reach customers across the lower half of the Eastern Seaboard more quickly and efficiently.
Ontario Facility
Newegg’s Ontario distribution center – which has been up and running since mid-September – allows for improved transload capabilities, greater efficiency and increased order throughput. Strategically located near the intersection of Interstate 10 and Interstate 15 in Southern California, the distribution facility with 64 trailer stalls is positioned for streamlined inbound load-in and external distribution. Additionally, this new distribution center provides better flexibility and improves the company’s ability to fulfill same-day delivery orders for Southern California customers.
Newegg has steadily increased its distribution center footprint in the United States, previously adding a 275,000-square-foot facility in Eastvale, CA in February of this year. In all, Newegg expanded its warehouse & distribution facilities from 1.4 million square feet in 2019 to more than 2.1 million square feet today. The company’s growing infrastructure at key points throughout the United States reflects Newegg’s customer-centric approach to distribution facility optimization with improved materials handling, order processing and shipments. This strategy enables the company to improve the customer experience by offering better regional product availability and faster order fulfillment.
Newegg Commerce, Inc., headquartered in the City of Industry, California, is a leading tech-focused e-retailer in North America and serves a global customer base throughout Europe, Asia Pacific, Latin America and the Middle East. Founded in 2001, the company offers direct sales and an online marketplace platform for PC and IT hardware, consumer electronics, automotive, gaming products and finished goods. Newegg also offers an extensive portfolio of technology, marketing, logistics and other partner services to help companies grow their business. For more information, please visithttps://www.newegg.com/.
This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company's SEC filings are available at http://www.sec.gov.
