Appliance and furniture eCommerce retailer 1847 Goedeker and Appliances Connection posted “strong order growth” in March, according to a Wednesday (April 14) announcement. Appliances Connection is under a definitive deal to be purchased by 1847 Goedeker, the news release stated.
“We are excited to report strong triple-digit order growth for both Goedekers and Appliances Connection in March,” said Goedekers CEO Doug Moore.
Goedeker’s orders soared by 106 percent year over year to reach $9.5 million in March, while Appliances Connection’s orders soared by 110 percent to $58.7 million in March.
“We are working to meet the continually rising consumer demand for purchasing appliances online,” Appliances Connection President Albert Fouerti said in the announcement.
Goedekers, which was established in 1951, has grown from a local physical retail business serving the St. Louis vicinity to a countrywide omnichannel retailer. Although the retailer has a St. Louis showroom, more than 95 percent of sales are made via its website, according to the announcement.
Appliances Connection, which launched in 2000, has a 200,000-square-foot warehouse in New Jersey and a 23,000-square-foot showroom in Brooklyn, New York. The company offers a number of household name brands, such as Whirlpool and Bosch, in addition to a number of luxury brands like Jenn-Air and Miele.
Beyond offering appliances, Appliances Connection also sells patio furniture, outdoor appliances, TVs, plumbing fixtures, workout equipment and furniture, in addition to commercial appliances.
Goedeker’s CEO Moore said in the announcement that the company remains “on track to completing the Appliances Connection acquisition in the second quarter, and together with infrastructure improvements, including the tripling of our fulfillment capacity, which comes online this month, we believe we are in a great position to drive meaningful top- and bottom-line performance.”
The news comes as a new study of Mastercard’s huge global purchasing network found that almost one trillion dollars in further online spending made its way to merchants, eateries and supermarkets over the last 12 months.
Selected by EFXA