Newegg Reports Strong 2011 Growth and Momentum for NeweggBusiness
1/31/2012 Press Release
--Business Technology Solutions Provider NeweggBusiness Experiences 89% Year-Over-Year Growth--
CITY OF INDUSTRY, Calif., January 31, 2012 -- Newegg Inc., the second-largest online-only retailer in the United States, today announced that NeweggBusiness (www.neweggbusiness.com), the company’s B2B website, reported a successful 2011 with record-breaking results. NeweggBusiness’ growth was fueled by the industry’s need for a simple, cost-saving online destination for purchasing business essentials. Notable milestones for NeweggBusiness in 2011 included significant year-over-year growth in sales, customers and web traffic.
“While other B2B technology solution providers remained stagnant or decreased in size last year, NeweggBusiness experienced incredible growth in 2011,” said Annie Yeh, senior director and head of NeweggBusiness. “We attribute much of this growth to our primary goal of making the shopping experience for our customers as quick, easy and convenient as possible. We are looking forward to another great year of expansive growth in 2012.”
Key 2011 highlights for NeweggBusiness include:
• 89% year-over-year growth in sales
• Customer count increased 77% over the previous year
• Web traffic grew 108% year-over-year
• Expanded product selection to more than 50,000 unique products
• Established partnerships with leading providers of computer hardware and electronics
• Improved website functionality with new features such as “Order by Item Number” and the ability to access complete order history and download copies of any past invoices
Launched in 2009, NeweggBusiness specializes in providing business essentials to small and medium-sized organizations across a variety of industries including government, education and healthcare. The site offers a wide selection of products from IT hardware to office supplies and continues to expand every day. NeweggBusiness customers can also take advantage of an array of services, such as net terms payment options, volume discounts, advanced account management, bulk shipping and transparent inventory status.
“As our business grows, we rely on NeweggBusiness for all of our hardware needs,” said Vincent Wong, CTO of iForged Performance Alloys, a full service fabrication and customer wheel design facility. “NeweggBusiness allows us to concentrate on our core business – ‘reinventing the wheel.’”
About Newegg Inc.
Newegg Inc. is the second-largest online-only retailer in the United States. It owns and operates Newegg.com (www.newegg.com) which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 16 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site's online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California.
« Back to Newsroom