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Hot Stocks
1847 Goedeker upgrades fulfillment center to meet capacity needs » 07:04
01/14/21
01/14
07:04
01/14/21
07:04
GOED

1847 Goedeker

$9.50 /

+0.56 (+6.26%)

1847 Goedeker announced…

1847 Goedeker announced the upgrade of its fulfillment center to provide increased capacity to meet the Company's 2021 growth forecasts and to support Appliances Connection's regional shipments. "Our new fulfillment center includes an on-trend retail space in a high-growth corridor and will showcase premium brand offerings," stated Jacob Guilhas, Vice President of Logistics for 1847 Goedeker. "The new showroom and nearly 200 percent increase in warehouse capacity will help us meet our 2021 projections and serve as an expanded warehouse to support Appliances Connection's customers in the western-half of the US. The expanded capacity will also allow us to inventory the best-selling products, reducing time from order to shipment and driving a 3x improvement to shipping capacity compared to our current facility." The Company expects to start using the warehouse space immediately and open its new showroom by April 2021. As the new facility's latest tenant, Goedeker's build out of the space will maximize efficiencies, including expanded cross-docking capabilities for improved order to shipment times.

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GOED 1847 Goedeker
$9.50 /

+0.56 (+6.26%)

  • 31
    Jul
Over a month ago
Hot Stocks
1847 Goedeker reports Black Friday/Cyber Monday orders increased 71% » 08:14
12/03/20
12/03
08:14
12/03/20
08:14
GOED

1847 Goedeker

$6.23 /

+0.12 (+1.96%)

1847 Goedeker and…

1847 Goedeker and Appliances Connection, a leading appliance retailer under a definitive agreement to be acquired by the company, are pleased to report record web traffic and orders during the Black Friday and Cyber Monday holiday week. Orders increased 71% year-over-year to $6.5M vs. $3.8M in the prior year period; Site sessions increased 81% year-over-year to 313K vs. 173K in the prior year period; "As we anticipated, our website traffic and orders surpassed all previous Black Friday and Cyber Monday metrics," stated Doug Moore, CEO of 1847 Goedeker. "Our team delivered outstanding sales performance and customer service during the most important sales event of the year." Albert Fouerti, President of Appliances Connection, added, "Appliances Connection, like Goedekers, had an incredible week. We shattered all our records for web traffic and orders taken during this year's peak shopping period."

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GOED 1847 Goedeker
$6.23 /

+0.12 (+1.96%)

  • 31
    Jul
Conference/Events
1847 Goedeker to hold a conference call » 15:55
11/24/20
11/24
15:55
11/24/20
15:55
GOED

1847 Goedeker

$6.20 /

+0.365 (+6.26%)

Management discusses the…

Management discusses the recently announced acquisition of Appliances Connection on an investor update conference call to be held on November 24 at 4:15 pm. Webcast Link

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GOED 1847 Goedeker
$6.20 /

+0.365 (+6.26%)

  • 31
    Jul
Conference/Events
1847 Goedeker to hold a conference call » 10:05
11/24/20
11/24
10:05
11/24/20
10:05
GOED

1847 Goedeker

$5.76 /

-0.075 (-1.29%)

Management discusses the…

Management discusses the recently announced acquisition of Appliances Connection on an investor update conference call to be held on November 24 at 4:15 pm. Webcast Link

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GOED 1847 Goedeker
$5.76 /

-0.075 (-1.29%)

  • 31
    Jul
Over a quarter ago
Hot Stocks
1847 Goedeker to acquire Appliances Connection for $210M in cash, equity » 16:50
10/26/20
10/26
16:50
10/26/20
16:50
GOED

1847 Goedeker

$7.00 /

-1 (-12.50%)

1847 Goedeker announced…

1847 Goedeker announced the entry into a definitive agreement for the acquisition of Appliances Connection, a retailer of household appliances in the U.S. In a deal valued at $210M, the acquisition will be financed with a combination of cash and equity and is expected to close in Q1 of 2021. The combined entities are expected to generate approximately $400M of revenue and $30M in EBITDA in 2021. The principals from Appliances Connection, Albert, and Elie Fouerti, will continue in their current leadership roles and Albert Fouerti will join the board of directors of 1847 Goedeker. Upon Closing 1847 Goedeker revenue is expected to reach $400M on an annualized basis in 2021, with approximately $30M in EBITDA. The transaction adds a 200,000 square foot warehouse and distribution center in Hamilton, New Jersey and a 23,000 square foot showroom in Brooklyn, NY. The transaction also adds a fleet of 29 delivery trucks. The transaction is expected to close during Q1 of 2021. Appliances Connection will continue to operate the business post-closing.

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GOED 1847 Goedeker
$7.00 /

-1 (-12.50%)

  • 31
    Jul
Hot Stocks
1847 Goedeker expands partnership with American First Finance » 08:05
09/30/20
09/30
08:05
09/30/20
08:05
GOED

1847 Goedeker

$6.80 /

+0.2 (+3.03%)

1847 Goedeker expands its…

1847 Goedeker expands its partnership with American First Finance. Goedeker's will assume no credit risk or have any balance sheet impact. "Offering a variety of payment options improves our customers' purchasing power, ultimately leading to increased conversions and sales," said Doug Moore, CEO of Goedeker's. "Our latest lease-to-own option through our financing partner AFF will afford Goedeker's customers flexibility and freedom in their purchase decisions without requiring a long-term commitment." The Company's new lease-to-own financing solution is an extension of its third-party financing solutions through AFF and will provide fast decisions and affordable payments, enabling Goedeker's appliance and furniture customers to get approved for up to $5,000 and pay less when the full balance is paid off within the first 101 days. "We saw an opportunity to enhance our existing partnership with Goedeker's to bring them a solution for their ecommerce platform that will benefit consumers tremendously. Customers will get better payment options that fit their budget. This is just one of the many ways we plan to strengthen our partnership with Goedeker's," said Lance Taylor, Senior Director eCommerce Sales of AFF.

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GOED 1847 Goedeker
$6.80 /

+0.2 (+3.03%)

  • 31
    Jul
Conference/Events
1847 Goedeker to hold a webinar » 15:55
09/16/20
09/16
15:55
09/16/20
15:55
GOED

1847 Goedeker

$7.90 /

-0.2 (-2.47%)

CEO Moore, CFO Barry and…

CEO Moore, CFO Barry and Chairman Roberts provide insights into the Company's recent developments and upcoming milestones on an investor webinar to be held on September 16 at 4:05 pm. Webcast Link

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GOED 1847 Goedeker
$7.90 /

-0.2 (-2.47%)

  • 31
    Jul
Conference/Events
1847 Goedeker to hold a webinar » 07:45
09/16/20
09/16
07:45
09/16/20
07:45
GOED

1847 Goedeker

$8.10 /

+0.55 (+7.28%)

CEO Moore, CFO Barry and…

CEO Moore, CFO Barry and Chairman Roberts provide insights into the Company's recent developments and upcoming milestones on an investor webinar to be held on September 16 at 4:05 pm. Webcast Link

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GOED 1847 Goedeker
$8.10 /

+0.55 (+7.28%)

  • 31
    Jul
Hot Stocks
1847 Goedeker to expand workforce » 08:14
09/15/20
09/15
08:14
09/15/20
08:14
GOED

1847 Goedeker

$7.55 /

-0.2 (-2.58%)

1847 Goedeke announced…

1847 Goedeke announced that it is continuing to expand its logistics, sales and customer relations workforce in order to keep up with customer demand. Having seen significant growth in Q2, Goedeker's began the process of onboarding dozens of new team members, including executive management and support staff from all over the country. Strong sales growth trends are continuing in the third quarter, and these staff additions put 1847 Goedeker in its best position to serve the significant increases in orders and customer service needs.

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GOED 1847 Goedeker
$7.55 /

-0.2 (-2.58%)

  • 31
    Jul
Hot Stocks
1847 Holdings announces special share dividend of 1847 Goedeker stock » 07:33
09/01/20
09/01
07:33
09/01/20
07:33
GOED

1847 Goedeker

$7.56 /

-0.5 (-6.20%)

1847 Holdings announced…

1847 Holdings announced its proposed special dividend of 3.325 million shares of 1847 Goedeker common stock to the Company's shareholders. The record date for the dividend and the distribution date have not yet been set. 1847 Holdings intends to distribute all of the 3.325 million shares of 1847 Goedeker that it owns to the holders of its common shares and allocation shares. The common shareholders will receive 2,660,000 of these shares and 1847 Partners, LLC, the manager of 1847 Holdings, as the holder of all of the allocation shares, will receive the remaining 665,000 of these shares. We expect that as of the record date, once it is set, 1847 Holdings will have 3,616,513 common shares and 1,000 allocation shares issued and outstanding. If so, then holders of 1847 Holdings' common shares at the close of business on the record date will receive shares of the company's common stock at a ratio of 0.735515121886746 shares of 1847 Goedeker common stock for each common share of 1847 Holdings that they hold on the record date.

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  • 31
    Jul

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