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Newegg Commerce, Inc. Common Shares - NEGG STOCK NEWS

Welcome to our dedicated page for Newegg Commerce Common Shares news (Ticker: NEGG), a resource for investors and traders seeking the latest updates and insights on Newegg Commerce Common Shares 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.

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Newegg Commerce, Inc. (NASDAQ: NEGG) forecasts strong financial performance for 2021, anticipating net sales of approximately $2.4 billion and net income between $36.1 million and $40.1 million. The company expects about $1.2 billion in sales for the second half of the year, driven by robust demand for technology products. Newegg is also considering equity-based compensation initiatives and new capital-raising measures, including potentially offering newly issued common shares, to support growth and attract and retain talent.

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Newegg Commerce, Inc. (NASDAQ: NEGG) has announced the launch of same-day delivery services for customers in Southern California. This service requires no membership or minimum order amount, enhancing customer convenience. The Newegg Express delivery fleet is capable of fulfilling thousands of orders daily from its Los Angeles County fulfillment center, covering areas from Calabasas to San Diego. Orders placed before 10:30 AM PT will be delivered the same day, while those ordered later will arrive the following business day.

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Newegg Commerce reported strong financial results for H1 2021, with net sales increasing 39.9% to $1,206.9 million, and gross profit rising 33.9% to $166.9 million. Net income grew by 14.0% to $21.6 million ($0.05 per diluted share). The company expanded its customer base to 4.2 million active users and achieved a 32.5% rate of repeat purchases. Investments in new technologies and a new 43,000 sq. ft. warehouse in Shanghai are set to enhance operational capacity and customer experience.

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Newegg Commerce, Inc. (NASDAQ: NEGG) announced that CEO Anthony Chow received the CEO of a Public Company Leadership Award from Los Angeles Times B2B Publishing during a live webcast ceremony on August 5, 2021. This award acknowledges CEO contributions to their organizations and communities. Chow expressed gratitude for the recognition and highlighted the team’s efforts in transforming Newegg into a global e-commerce leader, culminating in its Nasdaq listing in May 2021. The September 12, 2021 print edition of the Los Angeles Times will showcase Chow and other award winners.

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Newegg Commerce, Inc. (NASDAQ: NEGG) announces it will be the first major retailer to accept Litecoin (LTC) as a payment option via the BitPay platform starting this week. This move showcases Newegg's commitment to integrating innovative payment methods, having previously enabled Bitcoin and Dogecoin payments. The integration allows customers to pay with Litecoin through the BitPay Wallet app, enhancing their shopping experience with flexible payment options. This partnership with BitPay continues Newegg's reputation as an e-commerce innovator.

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On July 14, 2021, Hangzhou Lianluo Interactive Information Technology Co. announced that Newegg Commerce, Inc. expects increases in gross merchandise value, net sales, and net income for the first half of 2021 compared to the same period in 2020. The preliminary financial estimates are subject to change and are not audited. The company cautioned investors about stock price volatility influenced by factors like COVID-19, competition, and operational results. Newegg remains focused on its role as a tech-focused e-retailer serving a global customer base.

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Newegg introduces a new professional PC assembly service via its Newegg PC Builder platform. This build-to-order (BTO) service offers faster delivery and customization options compared to traditional offerings.

Newegg's extensive inventory allows for prompt sourcing and assembly of custom PCs, particularly targeting gamers with high-performance components.

Initial beta phases will provide insights for future enhancements, including further personalization features like laser engraving.

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Newegg Commerce (NASDAQ: NEGG) has launched its 2021 FantasTech Pre-Sale, offering significant discounts on a variety of products including electronics and gaming items. The Pre-Sale runs from June 14 to June 20, 2021, leading into the official FantasTech Sale from June 21 to June 23. Notable deals include a GIGABYTE AORUS Gaming Laptop priced at $1,949.99 and a Klipsch Subwoofer at $139.99. Newegg is also introducing a Price Protection program ensuring customers receive the lowest price during the sales event.

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Newegg Canada, a subsidiary of Newegg Commerce, Inc. (NASDAQ: NEGG), has launched its 2021 FantasTech Pre-Sale, running from June 14 to June 20, 2021. The event features significant discounts on a wide variety of products, ranging from consumer electronics to gaming products. Following the pre-sale, the official FantasTech Sale will take place from June 21 to June 23, 2021. Newegg Canada is also introducing a Price Protection program that refunds customers the difference if eligible purchased products are discounted further during the event.

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Newegg Commerce, Inc. (NASDAQ: NEGG), a prominent tech-focused e-retailer in North America, announced its 2021 FantasTech sale, set to begin with a Pre-Sale on June 14 and an official sale from June 21 to June 23. This year’s sale will offer extensive discounts on tech products across various categories, including gaming and smart home devices. As a unique feature, early shoppers will benefit from a Price Protection program, ensuring they pay the lowest price available during the event, with refunds processed automatically if prices drop.

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FAQ

What is the current stock price of Newegg Commerce Common Shares (NEGG)?

The current stock price of Newegg Commerce Common Shares (NEGG) is $0.64 as of November 4, 2024.

What is the market cap of Newegg Commerce Common Shares (NEGG)?

The market cap of Newegg Commerce Common Shares (NEGG) is approximately 240.5M.

What does Newegg Commerce, Inc. specialize in?

Newegg specializes in consumer electronics, computer components, entertainment, smart home, and gaming products.

Where is Newegg Commerce, Inc. headquartered?

Newegg Commerce, Inc. is headquartered in the City of Industry, California.

How does Newegg ensure efficient delivery?

Newegg operates multiple distribution facilities across the U.S. and Canada for efficient product delivery.

Does Newegg offer a marketplace for third-party sellers?

Yes, Newegg provides an online marketplace platform with robust fulfillment and marketing services for vendors.

How can I start selling on Newegg.com?

You can start selling on Newegg by visiting their Seller Portal at newegg.io/sellers for comprehensive support.

What regions does Newegg serve?

Newegg serves customers globally, including North America, Europe, South America, Asia Pacific, and the Middle East.

What makes Newegg's customer service highly rated?

Newegg is regularly recognized for its industry-leading customer service, ensuring a superior shopping experience.

What recent achievements has Newegg accomplished?

Newegg has expanded its global logistics services and continues to innovate in personalized shopping experiences and rapid delivery.

When was Newegg Commerce, Inc. founded?

Newegg Commerce, Inc. was founded in 2001.

What types of products can be found on Newegg?

Newegg offers a wide range of products including consumer electronics, IT components, entertainment, smart home devices, and gaming products.

Newegg Commerce, Inc. Common Shares

Nasdaq:NEGG

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NEGG Stock Data

240.48M
381.77M
93.84%
0.25%
0.3%
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