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Newegg Offers Site-Wide Savings Through Oct. 2 for Zip Fest
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Newegg Commerce (NASDAQ: NEGG) is participating in the four-day Zip Fest sales event, offering customers a 15% discount (up to $100) on purchases of $350 or more when using Zip payment at checkout. This promotion is live until 11:59 p.m. PT on October 2, 2022. The partnership aims to provide customers with flexible payment options, enhancing purchasing power ahead of the holiday shopping season. Excluded categories for this promotional offer include gift cards, digital games, and refurbished items.
Positive
Participation in Zip Fest allows customers to save 15% on purchases, potentially boosting sales.
Partnership with Zip provides flexibility in payment options, attracting more customers during the holiday season.
Negative
None.
Customers using buy now, pay later with Zip at checkout can save 15% during semi-annual online sales event
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--
Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced its participation in Zip Fest, which is live now. The four-day sales event lasts until 11:59 p.m. Pacific Time on Oct. 2, 2022, and offers customers 15% off (up to $100 maximum) on Newegg purchases of $350 or more when checking out with Zip and using a promotional code available at Newegg. Zip Co. (ASX: ZIP) is a payment provider that allows shoppers to buy now and pay later (BNPL) in four installments.
Newegg Zip Fest graphic
“Zip Fest is an opportunity for Newegg customers to enjoy sizable savings site-wide by using our partner Zip at checkout,” said Andrew Choi, Director of Brand Marketing for Newegg. “Offering customers multiple payment options gives them the opportunity to choose the solution that best suits their needs. Zip can help our customers confidently increase their purchasing power and pay over time. With holiday shopping on the horizon, the flexibility of Zip may suit more customers’ financial needs.”
“Zip is excited to partner with Newegg for our semi-annual sales event, Zip Fest,” said Jinal Shah, chief marketing officer at Zip. “We are delighted to be able to offer our customers exclusive deals at Newegg and the ability to budget for the tech they desire.”
Customers can access the Zip Fest savings by choosing Zip as a BNPL payment choice at checkout and using a promo code, which is available at the link above, on the Newegg website and in Newegg social media during the promotion.
Categories ineligible for the promotional savings include gift cards, digital games, downloadable software and used/refurbished/open box items.
About Newegg
Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in the City of Industry, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit 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 Commerce, Inc. (“Company”) 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.
