お知らせ • Mar 08
Polished.com Inc. Filed for Bankruptcy Polished.com Inc., along with its seven affiliates, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on March 7, 2024. The debtor listed its assets of $46.97 million and liabilities of $330.54 million. The debtor is represented by Scott D. Cousins of Lewis Brisbois Bisgaard & Smith LLP as its legal counsel. お知らせ • Mar 07
Polished.com Inc.(OTCPK:POLC) dropped from S&P TMI Index Polished.com Inc.(OTCPK:POLC) dropped from S&P TMI Index お知らせ • Feb 14
Polished.com Inc. Lowers Earnings Guidance for the Fiscal Year 2023 Polished.com Inc. lowered earnings guidance for the fiscal year 2023. The company now expects net sales between $315 million and $325 million as compared to previous guidance of $330 million and $350 million. お知らせ • Jan 06
Polished.com Inc., Annual General Meeting, Jan 30, 2024 Polished.com Inc., Annual General Meeting, Jan 30, 2024. お知らせ • Dec 09
Alan P. Shor Notifies Polished.com Inc. That He Would Not Stand for Re-Election as a Director On December 6, 2023, Alan P. Shor notified Polished.com (the “Company”) that he would not stand for re-election as a director at the Company’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”). Mr. Shor advised the Company that his decision was not the result of any disagreement with the Company. On December 6, 2023, the Company’s board of directors resolved to (i) reduce the authorized number of directors of the Company from nine to eight, effective immediately prior to the Annual Meeting and (ii) nominate Ellery W. Roberts, Ellette A. Anderson, Clark R. Crosnoe, Glyn C. Milburn, G. Alan Shaw, Edward J. Tobin, James M. Schneider and Houman Akhavan for election as directors at the Annual Meeting. お知らせ • Nov 21
Polished.com Inc. Provides Sales Guidance for the Year 2023 Polished.com Inc. provided sales guidance for the year 2023. For the year, the company expected net sales between $330 million and $350 million. お知らせ • Nov 17
Polished.com Inc. announced delayed 10-Q filing On 11/15/2023, Polished.com Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. お知らせ • Nov 07
Polished.com Inc. to Report Q3, 2023 Results on Nov 14, 2023 Polished.com Inc. announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 お知らせ • Oct 20
Polished.com Approves 1-for-50 Reverse Stock Split to Regain Compliance with the Minimum Closing Price Required to Maintain Continued Listing on the NYSE American Polished.com Inc. announced that the board of directors and stockholders of the company approved a 1-for-50 reverse stock split (the ‘Reverse Stock Split’) of its outstanding shares of common stock (the ‘Common Stock’) that will become effective at 12:01 a.m. ET on October 20, 2023. The Company’s Common Stock will continue to trade on the NYSE American under the existing symbol ‘POL.’ The Reverse Stock Split was approved by the Company’s stockholders at the Special Meeting of Stockholders (the ‘Special Meeting’) on October 19, 2023. As a result of the Reverse Stock Split, every 50 shares of Common Stock issued and outstanding will be automatically combined into one share of Common Stock. The Reverse Stock Split will proportionately reduce the number of outstanding shares of Common Stock from approximately 105.5 million shares to approximately 2.1 million shares and the ownership percentage of each stockholder will remain unchanged other than as a result of fractional shares. The Company will pay cash for fractional shares. The Reverse Stock Split is part of the Company’s plan to regain compliance with the $0.20 per share minimum closing price required to maintain continued listing on the NYSE American. お知らせ • Sep 17
Polished.com Inc. Receives a Deficiency Letter from the NYSE American LLC On September 13, 2023, Polished.com Inc. received a deficiency letter from the NYSE American LLC indicating that the Company is not in compliance with the NYSE American continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide because its shares of common stock, par value $0.0001 per share, have been selling at a low price per share for a substantial period of time. Pursuant to Section 1003(f)(v) of the NYSE American Company Guide, the NYSE American staff determined that the Company’s continued listing is predicated on it effecting a reverse stock split of the Common Stock or otherwise demonstrating sustained price improvement within a reasonable period of time, which the NYSE American staff determined to be no later than March 13, 2024. As required, the Company has notified the NYSE American of its intent to cure the listing standard deficiency and restore its compliance with the NYSE American continued listing standards. The Company intends to consider all available options to cure the deficiency and restore compliance, including, if there has not been sustained price improvement in the Common Stock, carrying out a reverse stock split (subject to stockholder approval at a special meeting of stockholders). The Deficiency Letter has no immediate impact on the listing of the Common Stock, which will continue to be listed and traded on the NYSE American during this period, subject to the Company’s compliance with the other listing requirements of the NYSE American; however, the NYSE American can take accelerated delisting action in the event that the Common Stock trades at levels viewed to be abnormally low. The Common Stock will continue to trade under the symbol “POL”, but will have an added designation of “.BC” to indicate the status of the Common Stock as “below compliance”. The Deficiency Letter does not affect the Company’s ongoing business operations or its reporting requirements with the Securities and Exchange Commission. If the Common Stock ultimately were to be delisted for any reason, it could negatively impact the Company by (i) reducing the liquidity and market price of the Common Stock; (ii) reducing the number of investors willing to hold or acquire the Common Stock, which could negatively impact the Company’s ability to raise equity financing; (iii) limiting the Company’s ability to use a registration statement to offer and sell freely tradable securities, thereby preventing the Company from accessing the public capital markets; and (iv) impairing the Company’s ability to provide equity incentives to its employees. お知らせ • Aug 04
Polished.com Regains Compliance with NYSE American Continued Listing Standards Polished.com Inc. announced that it has received a notification letter from the New York Stock Exchange (“NYSE”) that it has officially regained compliance with the NYSE American’s continued listing standards. With the Company’s July 31, 2023 filing of a comprehensive Form 10-K for the fiscal year ended December 31, 2022, which also covered delayed filings for the quarters ended June 30, 2022, September 30, 2022 and March 31, 2023, and restated filing for the quarter ended March 31, 2022, Polished is now in compliance with Section 1007 of the NYSE American Company Guide. The Company will be removed from the late filers’ list disseminated by the NYSE American, will retain its listing status and will continue to be traded on that exchange. New Risk • Aug 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$48m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$48m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 59% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$66.5m market cap). Reported Earnings • Aug 01
Full year 2022 earnings released: US$1.18 loss per share (vs US$0.12 profit in FY 2021) Full year 2022 results: US$1.18 loss per share (down from US$0.12 profit in FY 2021). Revenue: US$534.5m (up 48% from FY 2021). Net loss: US$126.0m (down US$133.6m from profit in FY 2021). Board Change • Feb 14
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Executive Chairman Ellery Roberts is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. お知らせ • Jan 27
Morgan Dempsey Expresses its Views to Enhance Shareholder Value at Polished.com Inc On January 26, 2023, Morgan Dempsey Capital Management, LLC announced that it has engaged in communications with Polished.com Inc.'s chief executive officer, chief financial officer, and several members of the board of directors. Morgan Dempsey stated that it presently has no desire to change the composition of the Company's executive management or its board of directors. Morgan Dempsey further disclosed that its shares were voted in favor of all nine director nominees in the annual meeting of shareholders held on January 19, 2023. Morgan Dempsey stated that within the past 10 business days, it has reached a research conclusion and believe that, as a result of its ongoing analysis, the ideal way to optimize value for all shareholders in the current environment is a prompt sale of the Company to a strategic or financial acquirer in a private-market context. In addition, Morgan Dempsey stated that it urged the Company to engage a well-regarded investment bank to solicit offers that will establish and then realize the fairest value for shareholders given the uncertain financial market and macroeconomic circumstances extant at this time. お知らせ • Jan 20
Polished.Com Inc. Elects Houman Akhavan to Its Board of Directors Polished.com Inc. at its annual meeting of stockholders held on January 19, 2023, elected Houman Akhavan to its board of directors. お知らせ • Dec 20
Polished.com Inc., Annual General Meeting, Jan 19, 2023 Polished.com Inc., Annual General Meeting, Jan 19, 2023, at 11:00 US Eastern Standard Time. Agenda: To elect the nine nominees identified in the accompanying Proxy Statement to serve as directors on the Board of Directors for the ensuing year; to approve an amendment of amended and restated certificate of incorporation to increase the number of shares of common stock that we are authorized to issue from 200,000,000 shares to 250,000,000 shares; and to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. お知らせ • Dec 03
Bronstein, Gewirtz & Grossman, LLC Notifies Polished.Com Inc. F/K/A 1847 Goedeker Inc. Investors of Class Action and to Actively Participate Bronstein, Gewirtz & Grossman, LLC notified investors that a class action lawsuit has been filed against Polished.com Inc. f/k/a 1847 Goedeker Inc. and certain of its officers, On behalf of persons or entities who purchased or otherwise acquired publicly traded Polished.com Inc. f/k/a 1847 Goedeker Inc. securities: (a) pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company's 2020 initial public offering; and/or (b) between July 27, 2020 and August 25, 2022, both dates inclusive. This class action seeks to recover damages against Defendants for alleged violations of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Complaint alleges that the registration statement supporting the IPO was false and/or misleading and/or failed to disclose that: (1) the Company would restate certain financials; (2) the Company's internal controls were inadequate; (3) the Company downplayed and obfuscated its internal controls issues; (4) contrary to the Company's statements, the Company was not remediating its internal controls; (5) as a result, the Company would engage in an independent investigation; (6) as a result of the investigation, the Company would, among other things, retain independent counsel and consultants, and delay its quarterly filings in violation of NYSE requirements of listing; (7) following the commencement of the investigation, the Company's CEO and CFO would leave the Company; and (8) as a result, Defendants' public statements were materially false and/or misleading at all relevant times. On the Company's release dated August 25, 2022, the Company's stock price fell 7% to close at $0.74 per share on August 26, 2022, further damaging investors. お知らせ • Nov 15
Polished.com Inc. announced delayed 10-Q filing On 11/14/2022, Polished.com Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. お知らせ • Nov 01
Rosen Law Firm Files Securities Class Action Lawsuit Against Polished.com Inc Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Polished.com Inc. f/k/a 1847 Goedeker Inc: pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company's 2020 initial public offering; and/or between July 27, 2020 and August 25, 2022, both dates inclusive (the Class Period). The lawsuit seeks to recover damages for Polished's investors under the federal securities laws. According to the lawsuit, the registration statement supporting the IPO was false and/or misleading and/or failed to disclose that: the Company would restate certain financials; the Company's internal controls were inadequate; Company downplayed and obfuscated its internal controls issues; as a result, the Company would engage in an independent investigation; as a result of the investigation, the Company would, among other things, retain independent counsel and consultants, and delay its quarterly filings in violation of NYSE requirements of listing; following the commencement of the investigation, the Company's CEO and CFO would leave the Company; and as a result, defendants' public statements were materially false and/or misleading at all relevant times. Also according to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: the Company's internal controls were inadequate; the Company downplayed and obfuscated its internal controls issues; the Company did not properly construct or remediate its inadequate and ineffective internal controls; contrary to the Company's statements, the Company was not remediating its internal controls; as a result, the Company would engage in an independent investigation; as a result of the investigation, the Company would, among other things, retain independent counsel and consultants, and delay its quarterly filings in violation of NYSE requirements of listing; following the commencement of the investigation, the Company's CEO and CFO would leave the Company; and as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If anyone wish to serve as lead plaintiff, anyone must move the Court no later than December 30, 2022. お知らせ • Oct 19
Polished.com Inc Announces Management Resignations Polished.com Inc. announced that on October 12, 2022, Albert Fouerti, President, and Elie Fouerti, Chief Operating Officer, informed the Company of their resignations, effective October 14, 2022. The Company also announced that on October 14, 2022, Maria Johnson, Secretary, informed the Company of her resignation, effective immediately. Their decision to resign was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices (financial or otherwise). The Company has accepted the resignations of Albert Fouerti, Elie Fouerti, and Maria Johnson, effective immediately. Albert Fouerti shall remain on the Company’s Board of Directors. お知らせ • Aug 17
Polished.com Inc. Provides Sales Guidance for the Second Quarter and Fiscal Year 2022 Polished.com Inc. provided sales guidance for the second quarter and fiscal 2022. For the second quarter 2022, the Company expects to report preliminary net sales of $145 million to $150 million.For the fiscal year, the company now expects low double-digit net sales growth. お知らせ • Aug 16
Polished.com Inc. announced delayed 10-Q filing On 08/15/2022, Polished.com Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 17% share price gain to US$1.32, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Online Retail industry in the US. Total loss to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$1.36, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Online Retail industry in the US. Total loss to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Online Retail industry in the US. Total loss to shareholders of 72% over the past year. お知らせ • May 18
1847 Goedeker Inc. Reaffirms Sales Guidance for the Fiscal Year 2022 1847 Goedeker Inc. reaffirmed sales guidance for the fiscal year 2022. for the year, the company reaffirm the previously articulated full-year guidance, which includes high teens to low 20s net sales growth, relative to the company’s combined proforma net sales for fiscal year 2021. Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: US$0.056 (up from US$0.57 loss in 1Q 2021). Revenue: US$152.8m (up US$139.1m from 1Q 2021). Net income: US$5.92m (up US$9.42m from 1Q 2021). Profit margin: 3.9% (up from net loss in 1Q 2021). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 32%, compared to a 16% growth forecast for the industry in the US. お知らせ • May 12
1847 Goedeker Inc. to Report Q1, 2022 Results on May 16, 2022 1847 Goedeker Inc. announced that they will report Q1, 2022 results Pre-Market on May 16, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Executive Chairman Ellery Roberts is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorated over the past week After last week's 27% share price decline to US$1.58, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Online Retail industry in the US. Total loss to shareholders of 82% over the past year. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: US$0.12 (up from US$3.95 loss in FY 2020). Revenue: US$362.3m (up US$307.2m from FY 2020). Net income: US$7.67m (up US$29.2m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 67%, compared to a 16% growth forecast for the retail industry in the US. お知らせ • Apr 01
1847 Goedeker Inc. Provides Earnings Guidance for the Year 2022 1847 Goedeker Inc. provided earnings guidance for the year 2022. Management’s outlook for Fiscal 2022 includes high teens to low 20s sales growth. お知らせ • Feb 01
1847 Goedeker Inc. Appoints Kirstin Currie as Head of Marketing 1847 Goedeker Inc. announced that it has appointed Kirstin Currie as Head of Marketing. Ms. Currie will be responsible for driving B2B and B2C marketing strategies and customer experience initiatives, including digital advertising, content and measurement programs. Her start date is January 31, 2022. Ms. Currie brings two decades of B2B and B2C marketing leadership experience across several categories, including major and small appliances, consumer electronics and household goods. She has deep expertise in digital, social, and traditional marketing initiatives. Most recently, she was the Senior Director of Omnichannel Acquisition and Engagement at Jostens, where she was responsible for building strategic social and digital media go-to-market plans, execution, and performance marketing. Earlier in her career, Ms. Currie spent over a decade at Best Buy, where she held positions such as Senior Director of Category Marketing for Major and Small Appliances. In this role, Ms. Currie led the digital marketing and customer journey transformation at the company, and worked closely with suppliers that include Samsung, LG, Whirlpool, and Dyson, among others. お知らせ • Dec 22
1847 Goedeker Inc. (NYSEAM:GOED) announces an Equity Buyback for $25 million worth of its shares. 1847 Goedeker Inc. (NYSEAM:GOED) announces a share repurchase program. Under the program, the company will repurchase up to $25 million of its outstanding shares of common stock. Recent Insider Transactions • Dec 14
CEO & Director recently bought US$880k worth of stock On the 10th of December, Albert Fouerti bought around 400k shares on-market at roughly US$2.20 per share. In the last 3 months, they made an even bigger purchase worth US$972k. Albert has been a buyer over the last 12 months, purchasing a net total of US$1.9m worth in shares. Executive Departure • Dec 03
Chief Merchant Michael Hargrave has left the company On the 29th of November, Michael Hargrave's tenure as Chief Merchant ended after 1.6 years in the role. As of September 2021, Michael still personally held only 3.91k shares (US$12k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 23
Chief Marketing Officer & CTO Thomas Harcum has left the company On the 19th of November, Thomas Harcum's tenure as Chief Marketing Officer & CTO ended after 1.9 years in the role. As of September 2021, Thomas still personally held only 6.04k shares (US$19k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS US$0.031 (vs US$0.65 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$141.9m (up US$128.4m from 3Q 2020). Net income: US$3.32m (up US$6.98m from 3Q 2020). Profit margin: 2.3% (up from net loss in 3Q 2020). Recent Insider Transactions • Sep 18
CEO & Director recently bought US$972k worth of stock On the 15th of September, Albert Fouerti bought around 330k shares on-market at roughly US$2.95 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.6m. This was Albert's only on-market trade for the last 12 months. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.11 (vs US$0.85 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$64.1m (up 319% from 2Q 2020). Net income: US$4.03m (up US$8.05m from 2Q 2020). Profit margin: 6.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. お知らせ • Jul 02
Kanen Wealth Plans to Engage in Discussion with 1847 Goedeker On July 1, 2021, Kanen Wealth Management, LLC announced that it has plan to engage in discussions with management and the Board of 1847 Goedeker Inc. regarding Board representation and the composition of the Company’s Board, specifically in regard to founder of CarParts.com(PRTS) Mehran Nia who's most recent professional success was the turnaround at PRTS whereby the stock increased from approximately $1 to $18 per share. お知らせ • Jun 28
1847 Goedeker Inc.(NYSEAM:GOED) dropped from Russell Microcap Value Index 1847 Goedeker Inc.(NYSEAM:GOED) dropped from Russell Microcap Value Index Recent Insider Transactions • Jun 09
Insider recently bought US$440k worth of stock On the 4th of June, David Kanen bought around 203k shares on-market at roughly US$2.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$474k more in shares than they have sold in the last 12 months. お知らせ • May 29
1847 Goedeker Inc. has completed a Composite Units Offering in the amount of $205 million. 1847 Goedeker Inc. has completed a Composite Units Offering in the amount of $205 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 91,111,111
Price\Range: $2.25 Reported Earnings • May 14
First quarter 2021 earnings released: US$0.57 loss per share (vs US$0.27 loss in 1Q 2020) The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$13.7m (up 42% from 1Q 2020). Net loss: US$3.49m (loss widened 172% from 1Q 2020). Reported Earnings • Mar 31
Full year 2020 earnings released: US$3.53 loss per share (vs US$0.43 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$55.1m (up 16% from FY 2019). Net loss: US$21.6m (loss widened US$19.5m from FY 2019). Is New 90 Day High Low • Feb 06
New 90-day high: US$14.58 The company is up 124% from its price of US$6.52 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: US$8.95 The company is up 6.0% from its price of US$8.45 on 14 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Online Retail industry, which is down 3.0% over the same period. お知らせ • Nov 12
1847 Goedeker Inc. to Report Q3, 2020 Results on Nov 16, 2020 1847 Goedeker Inc. announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Nov 16, 2020 Is New 90 Day High Low • Nov 05
New 90-day low: US$6.49 The company is down 23% from its price of US$8.42 on 07 August 2020. The American market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 8.0% over the same period. お知らせ • Oct 27
Albert Fouerti to Join the Board of Directors of 1847 Goedeker 1847 Goedeker Inc. announced the entry into a definitive agreement for the acquisition of Appliances Connection. In a deal valued at $210,000,000, the acquisition will be financed with a combination of cash and equity and is expected to close in the first quarter of 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. お知らせ • Oct 04
1847 Goedeker Inc. Expands Partnership with American First Financial, Inc. to Offer New Lease-To-Own Financing Option for Appliance and Furniture Customers 1847 Goedeker Inc. expanded its partnership with American First Finance Inc. (“AFF”), an innovative third-party financing company offering a flexible and affordable lease-to-own payment option. Because this is a third-party financing platform, Goedeker’s will assume no credit risk or have any balance sheet impact. 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. お知らせ • Sep 23
1847 Goedeker Inc. Adds Two Minute Online Financing for Appliance and Furniture Customers 1847 Goedeker Inc. launched new third-party financing solution aimed at making consumer financing easier, quicker and more available. Consumers can now finance their purchase from any device in as little as one or two minutes without leaving the company’s website. Because this is a third-party financing platform, company will assume no credit risk or have any balance sheet impact. The Company’s new financing capabilities are a full-funnel solution that will enable company’s to offer financing earlier in the shopping journey to boost average order value, or AOV, increase conversions, and lift sales. Company’s shoppers will be able to apply online with a few pieces of information and get a decision immediately without impacting their credit score. The process is quick, simple, and transparent and provides greater payment flexibility for shoppers.