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. reports developments tied to its technology e-commerce business, which combines direct online retail with marketplace sales for PC hardware, consumer electronics, gaming peripherals, home appliances and lifestyle technology. Company updates commonly cover fiscal results, gross merchandise value trends, product-cycle demand in PC components, inventory planning, checkout options and customer programs such as hardware trade-ins.
News from NEGG also highlights Newegg Gamer Zone, esports collaborations, vendor showcases, product demonstrations and technology education events. These items reflect the company’s focus on PC builders, gamers, creators and business customers using its online retail, marketing, supply-chain and technical solutions.
Newegg, a leading global tech e-commerce retailer, has announced a significant promotion on Advanced Battlestations (ABS) gaming PCs in collaboration with Affirm. Customers can receive a 15% discount (up to $300) on select gaming PCs when paying over time with Affirm until September 25, 2022. This offer marks Newegg's largest ABS promotion of 2022. ABS is noted for its top-selling gaming PCs on the Newegg platform, featuring high-performance components and a one-year warranty.
Newegg Commerce (NASDAQ: NEGG) has launched the ASRock Phantom Gaming monitors, marking ASRock's entry into the gaming monitor market. Available exclusively in North America, the standout feature is the 34-inch curved monitor with a built-in Wi-Fi antenna that enhances connectivity by reducing latency. It boasts a 7dBi peak gain and supports a WQHD resolution, 165Hz refresh rate, and 1ms response time. The 27-inch model features similar specifications in a flat display. Both monitors aim to elevate gaming performance and signal reliability.
Newegg Commerce has launched its Dealsanity Sale, featuring significant discounts on GIGABYTE and Corsair gaming PC components. The sale is active until September 19, 2022, with notable bundles including a GIGABYTE GeForce RTX 3070 and gaming monitor priced at $599.99, and a GeForce RTX 3060 bundle at $399.99. The sale aims to prepare PC builders for upcoming AAA game releases during the holiday season. Discounts on Corsair products are also available, promising attractive offers for gamers.
Newegg Commerce, Inc. (NASDAQ: NEGG) announced guidance for Q3 2022, citing challenges from macroeconomic conditions, inflation, and shifts in consumer spending. For the first half of 2022, it reported net sales of $890.5 million, a gross profit of $110.8 million, and a net loss of $18.9 million. For Q3, expected net sales range between $358.8 million and $383.3 million, with a projected net loss of $10.1 million to $8.5 million. Newegg plans multiple initiatives, including early Black Friday promotions and tech product launches, to enhance customer experience and drive sales.
Newegg Commerce (NASDAQ: NEGG) is participating at PAX West, a major gaming convention in Seattle, from September 2-5. The company is showcased in Intel's booth (Nos. 2301 and 2503), featuring exclusive giveaways and the chance to win a custom-built Intel Gamer Days gaming PC with a 12th Gen Intel® Core™ i9-12900K processor. Newegg will also host presentations and contests for attendees, including a $1,000 spending spree for T-shirt wearers. Promotions related to Intel's Gamer Days are available on Newegg's website through September 5.
Newegg Commerce, Inc. (NASDAQ: NEGG) announces its promotional sale for Intel Gamer Days, running from today until Sept. 4. The sale features discounts on Intel processors, gaming PCs, and laptops. A highlight includes a sweepstakes for a custom PC build valued over $3,400. Additionally, customers can enjoy exclusive game codes with qualifying purchases. Newegg will also showcase promotional pricing at the Intel PAX West booth in Seattle. Director of Product Management, Jim Tseng, emphasizes the value of these offerings for consumers.
Newegg Commerce, Inc. (NASDAQ: NEGG) is participating in the CNE Gaming Garage Powered by AMD from August 19 to September 5 in Toronto. The company will showcase a custom Advanced Battlestations (ABS) gaming PC valued over $3,000 CAD as part of a sweepstakes. Attendees can win the PC by entering through a QR code. Newegg's team will also distribute merchandise during the opening weekend and discuss AMD gaming products. This event highlights Newegg's engagement with the gaming community in Canada.
Newegg Commerce, Inc. (NASDAQ: NEGG) has launched a new tool called Laptop Finder, designed to help customers choose the best Windows-based laptops. This tool simplifies the laptop selection process by guiding users through prompts related to their needs, budget, and desired features. It offers personalized recommendations and ranks laptops based on selected criteria. The launch aligns with the season as college students prepare for new academic purchases. Oscar Wong, Senior Director of Product Management, emphasized that this tool alleviates the confusion often associated with laptop shopping.
Newegg Commerce (NASDAQ: NEGG) has announced an extension of its internship program, introducing a fall session focused on graphic design, media production, and brand marketing. The six-week program, commencing in September, aims to provide high school and college students with hands-on experience in technology and gaming. The initiative encourages mentorship, collaboration across departments, and culminates in presentations for company leaders.
Newegg Commerce (NASDAQ: NEGG) has expanded its promotional sale, Just Deals Vol. 2, offering discounts on vital PC components such as GPUs, motherboards, and monitors. The sale will continue through mid-August, aiming to boost sales following the recent launch of JustGPU.com, a website dedicated to graphics cards. Customers can filter GPUs by various metrics, enhancing their shopping experience. Newegg emphasizes simplifying the purchasing process and providing competitive pricing in a strong market for gaming components.