Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Furniture and appliances e-commerce company 1847 Goedeker (NYSEAMERICAN: GOED) and Appliances Connection (soon to be acquired by Goedeker) reported record we traffic and orders during December.
Shares of 1847 Goedeker are up 10.74% ahead of the US opening bell, priced at $8.25 following Monday’s close at $7.45.
The company revealed orders increased 103% year over year to $9.1 million from $4.5 million in 2019 while site sessions increased 96% year-over-year to 752K vs 384K in the prior-year period.
1847 Goedeker also said it received a record number of sale calls, answering 97% with an average hold time of 31 seconds.
Meanwhile, Appliances Connection reported double-digit growth in its site visits and orders during December.
1847 commented that the companies are continuing to capitalise from the shift to online shopping.
“Our strong Black Friday / Cyber Monday performance accelerated through the month of December,” commented Doug Moore, CEO of 1847 Goedeker.
“Exceptional execution by our entire team positions us well to continue to capitalize on the growing trend towards buying appliances online,” Moore added.
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