/ Technology

Newegg invests in security to support steady rise in sales

In addition to the merchandising and customer service that have driven Newegg.com to nearly $2 billion in sales, the computer products retailer invests heavily in online security to make shoppers feel confident about buying online, the retailer says.

Posted 06/26/2008Paul DemeryPost a comment

/ E-Retailers

Newegg mixes it up more with its customers

Newegg is staying in touch with customers, without worrying too much about whether initiatives like forums, reviews or pages on MySpace and Facebook lead directly to sales. As long as revenue grows, Newegg figures it has the right recipe.

Posted 04/23/2008Mark BrohanPost a comment

/ E-Retailers

Newegg closes in on $2 billion in annual web sales

Online computer and consumer electronics retailer Newegg.com finished 2007 with web sales just shy of $2 billion. For the year, web sales for Newegg grew by 26.7% to about $1.9 billion from $1.5 billion in 2006.

Posted 01/16/2008Mark BrohanPost a comment

Newegg’s recipe for success: Know your customer

Although Newegg Inc. spent less than 1% of its budget on marketing, it grew sales from zero to $1 billion in four years by giving visitors to its site “as close to the retail experience as possible,” Howard Tong, vice president, told IR2006.

Posted 06/08/2006Kurt PetersPost a comment

Newegg hatches plans for better site search and expanded payment

To grow its sales by at least 40% in 2005 to $1.4 billion, Newegg is hatching plans for a better site search engine, adding more consumer electronics and launching a private label credit card, says Howard Tong, vice president of marketing.

Posted 08/09/2005Mark BrohanPost a comment

/ E-Retailers

With conversion rate of 7%, Newegg is expecting 40% growth this year

Newegg.com, an online retailer of computer components and consumer electronics, has a conversion rate of 6% to 7% on an average of 400,000 visits per day. It had sales volume of $1 billion last year and expects to do at least $1.4 million this year.

Posted 04/12/2005Kurt PetersPost a comment

How Newegg hatched annual web sales of $1 billion

In business and on the web since 2000, Newegg has doubled its web sales in the last year from $500 million in 2003 to $1 billion in 2004. The reason for such fast-track growth is offering a hot customer segment the products and the prices they want.

Posted 02/09/2005Paul DemeryPost a comment

/ E-Retailers

Electronics retailer Newegg.com promotes its CEO to vice chairman

Newegg.com, an online retailer of computer components and consumer electronics, has promoted Ken Lam, formerly U.S. CEO, to vice chairman, and named former strategic officer Simon Hsieh as CEO.

Posted 02/04/2005Kurt PetersPost a comment