Newegg Commerce Inc Stock Price, News & Analysis

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.

Newegg, a prominent e-commerce company, has announced its first-ever Newegg+ Week, an exclusive online sales event from June 17-23, 2024. This event is specifically for Newegg+ members, providing them with exceptional deals on various tech products. Newegg+ is a free membership program introduced in April 2024, offering benefits like free shipping, early access to products, discounts on warranties, enhanced return policies, and dedicated customer service. Featured deals include items like gaming PCs, monitors, SSDs, and gaming accessories, reflecting Newegg's focus on tech-savvy consumers.

Newegg Marketplace, a division of Newegg Commerce (NASDAQ: NEGG), will participate in Mobile Disrupt 2024 on June 18-19 at The Bellagio, Las Vegas. The event spotlights the secondary phone market, offering Newegg a chance to expand its refurbished mobile phone inventory. Key highlights include a 3% commission rate for new sellers for the first 90 days, versatile Sponsored Product Ads to boost reach and sales, and robust marketing tools. Newegg aims to connect with tech enthusiasts and explore partnerships at Booth #E07, leveraging the event to grow its secondary mobile phone business.