But losses mount for the home furnishings e-retailer that went public in October.
A little more than a year after launching Newegg.ca, the online-only consumer electronics retailer opened a 55,000-square-foot warehouse in Ontario.
Online-only consumer electronics retailer Newegg Inc. has opened its first Canadian warehouse-55,000 square feet in Mississauga, Ontario-a little more than a year after entering the Canadian market, the company says. Newegg supported the opening of the Canadian facility with promotional street team visits to major Canadian cities, offering special deals on the site and also conducting video interviews with passers-by on “cool high-tech products” they’d like to receive as holiday gifts.
Newegg.ca, launched in October 2008, features more than 22,000 computer and gaming products, the company says. The site has basically the same prodcut selection as Newegg.com does, but offers localized promotions and processes transactions in Canadian dollars.
“With the opening of our brand-new facility in Ontario, we look forward to being able to offer our valued Canadian customers an even larger selection of high-quality products, particularly in the consumer electronics realm, competitive pricing and speedier delivery throughout the country,” says Bernard Luthi, vice president of marketing and merchandising.
Newegg is the No. 9 in the Internet Retailer Top 500 Guide (a PDF version of the company’s financial and operating profile can be ordered by clicking on its name).