Newegg Announces Year End 2022 Results and 2023 Guidance – Business Wire
CITY OF INDUSTRY, Calif.–(BUSINESS WIRE)–Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the year ended December 31, 2022 and guidance for the year ending December 31, 2023.
“Our growth slowed in 2022 primarily related to factors outside of our control, including weaker demand for consumer technology products and finished goods following strong sales throughout the pandemic”
“Our growth slowed in 2022 primarily related to factors outside of our control, including weaker demand for consumer technology products and finished goods following strong sales throughout the pandemic,” said Newegg CEO Anthony Chow. “Macroeconomic headwinds, including rising interest rates and high inflation, further hindered our sales growth. Technology and consumer electronics retail sales have been impacted by the shift in short-term consumer spending habits towards experiential purchases as pandemic-related restrictions have…
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source: https://news.oneseocompany.com/2023/04/24/newegg-announces-year-end-2022-results-and-2023-guidance-business-wire_2023042443961.html
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