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. (NASDAQ: NEGG) generates a steady stream of news as a global online retailer focused on PC hardware, consumer electronics, gaming peripherals, home appliances, automotive products and lifestyle technology. Founded in 2001 and based in the Los Angeles area, the company regularly announces developments that reflect its role in technology retail, gaming culture and AI-enhanced shopping.
News about Newegg often highlights major sales events such as FantasTech Sale II, Black November and Black Friday campaigns, which feature thousands of deals across categories including desktop PCs, gaming laptops, GPUs, CPUs, motherboards, memory, SSDs, monitors, networking products and gaming accessories. These announcements frequently detail promotional structures, price protection programs and extended holiday return policies for qualifying items.
Investors and customers can also expect updates on strategic partnerships and technology initiatives. Recent examples include Newegg’s integration of PayPal’s agentic commerce services to make its product catalog discoverable inside AI-powered shopping environments, and collaborations with brands and organizations in gaming and esports, such as AMD and Evil Geniuses, through events hosted in the Newegg Gamer Zone.
Newegg’s news flow further covers community and educational programs like PC DIY workshops, student PC-building instruction, youth AI weekend programs and on-site esports tournaments, as well as enhancements to customer tools such as AI Shopping Assistant, PC Builder, PC Upgrader, Gaming PC Finder and other configurators. In addition, corporate updates may include information from SEC filings, financing arrangements, board changes and at-the-market equity offerings.
This news page aggregates these announcements, giving readers a single location to review Newegg’s latest promotional campaigns, technology integrations, community initiatives and regulatory disclosures related to NEGG.
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.
Newegg Marketplace, a division of Newegg Commerce, announced it will exhibit at the Retail Innovation Conference and Expo 2024 (RICE) on June 5-6 at McCormick Place, Booth #602 in Chicago. This event provides a chance for Newegg Marketplace to attract new sellers and expand its product categories. The company has already achieved success at two seller-focused events in Las Vegas this year.
Newegg will showcase its low 3% commission rate for new sellers for the first 90 days, versatile Sponsored Product Ads, and a robust suite of marketing tools designed to enhance seller sales potential. Newegg aims to connect with millions of tech enthusiasts through its platform. Ray Chung, Senior Category Manager, highlighted the importance of participating in RICE 2024 to continue this growth momentum.
Newegg has introduced SellingPilot, a new SaaS platform designed to streamline multichannel marketplace management for online sellers. This innovative solution integrates with major e-commerce platforms like Amazon, Walmart, and eBay, offering advanced tools for inventory and sales management. Key features include intelligent product selection based on AI-driven data analysis, influencer marketing support, AI-powered customer service, optimized product listings, and competitive price tracking. SellingPilot aims to enhance operational efficiency and sales through a user-friendly interface and a Chrome extension for additional functionalities.
Newegg (NASDAQ: NEGG) will make its largest appearance at COMPUTEX 2024 in Taipei, Taiwan from June 4-7, 2024. The company will showcase its ABS AI-enabled PCs, featuring various advanced AI software, and SellingPilot, a new SaaS platform for marketplace sellers. Newegg's booth will be located at Hall 1, 4F, Booth #N0602. The event will also feature displays from eight key APAC PC component partners. Newegg aims to connect with manufacturers and industry leaders, showcasing its AI capabilities and new tools for e-commerce success.
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