Newegg's revenue in the first half of the year was US$1.2069 billion, a year-on-year increase of 39.9%!

It is learned that according to foreign media reports, Newegg, a leading North American e-commerce company, recently announced its financial results for the first half of 2021. In the first half of 2021, Newegg's total sales reached US$1.2069 billion, a year-on-year increase of 39.9%, and its net income reached US$21.6 million, a year-on-year increase of 14.0%.

It is learned that as of June 30, 2021, Newegg has 4.2 million active customers, with an average order value of US$359. In addition, Newegg stated that 32.5% of consumers will repeatedly purchase products on Newegg, and the consumer repurchase rate is quite considerable.

Newegg CEO Anthony Chow said that in the past two years, Newegg has been focusing on innovation and continuously improving its growth to help it occupy an important position in the market. Newegg has diversified sources of revenue and is constantly strengthening the company's business and operating structure. In addition, Newegg also increases product supply demand and its coverage in various regions by optimizing and strengthening its relationship with suppliers.

It is learned that the following are three important initiatives that Newegg will implement in the first half of 2021:

• Direct sales business. Newegg implements the QSPEP program to help sellers gain market share. It focuses on establishing a strict verification process when selecting suppliers to ensure that consumers purchase high-quality products at the best prices.

• Market business. Through the Global Seller Program, Newegg has recruited a large number of sellers in the Asia-Pacific region, especially sellers from China. By allowing sellers to settle on its platform, it has greatly broadened the product categories on its platform. In addition, Newegg charges suppliers a lower commission, even the lowest commission on the entire network.

• Newegg Partner Services ("NPS") business. Newegg recently launched several new services to support supplier partners, providing them with resources to improve operations and logistics, marketing and advertising, customer service and finance, etc. These will help Newegg increase sales and customer reach.

Editor ✎ Nicole/

Disclaimer: This article is copyrighted and may not be reproduced without permission.