{"id":510282,"date":"2021-07-07T08:33:50","date_gmt":"2021-07-07T12:33:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/"},"modified":"2021-07-07T08:33:50","modified_gmt":"2021-07-07T12:33:50","slug":"1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/","title":{"rendered":"1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Acquisition Accelerates Southern U.S. Addressable Market and Expands Premium and Luxury Brand Offerings<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BALLWIN, Mo.<\/span>, <span class=\"xn-chron\">July 7, 2021<\/span> \/PRNewswire\/ &#8212;\u00a01847 Goedeker Inc. (NYSE American: GOED) (&#8220;Goedekers&#8221; or the &#8220;Company&#8221;) and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced it has signed a definitive purchase agreement with a <span class=\"xn-location\">Florida<\/span>-based, premium and luxury appliance retailer. This strategic acquisition is an early step toward a more significant investment in the <span class=\"xn-location\">Florida<\/span> market. <\/p>\n<p>&#8220;The premium and luxury brands this transaction brings to the Company, as well as their longstanding, strong relationships with customers were what led us to this acquisition,&#8221; stated <span class=\"xn-person\">Doug Moore<\/span>, Goedekers&#8217; CEO. &#8220;Consistent with our long-term strategy, this transaction serves as a steppingstone for our company to expand its reach in the <span class=\"xn-location\">Florida<\/span> and southeastern U.S. markets, and change the way Americans purchase appliances across the country. The <span class=\"xn-location\">Florida<\/span> location will serve as a strategic foothold as we continue to expand our current operations and fulfillment centers across the nation.&#8221; <\/p>\n<p>The transaction is anticipated to be completed during the third quarter of 2021, subject to regulatory approvals and customary closing conditions. <\/p>\n<p>\n        <b>About 1847 Goedeker Inc.<br \/><\/b>1847 Goedeker Inc. is an industry leading e-commerce destination for appliances, furniture, and home goods. Through its <span class=\"xn-chron\">June 2021<\/span> acquisition of Appliances Connection, Goedekers created the largest pure-play online retailer of household appliances in the US. With warehouse fulfillment centers in the Northeast and Midwest, as well as showrooms in <span class=\"xn-location\">Brooklyn, New York<\/span>, and <span class=\"xn-location\">St. Louis, Missouri<\/span>, Goedekers is a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. Goedekers and Appliances Connection carry many household name-brands, including Bosch, Cafe, Frigidaire Pro, Whirlpool, LG, and Samsung, and also carries many major luxury appliance brands such as Miele, Thermador, La Cornue, Dacor, Ilve, Wolf, Jenn-Air, Viking among others and sells furniture, fitness equipment, plumbing fixtures, televisions, outdoor appliances, and patio furniture, as well as commercial appliances for builder and business clients. Learn more at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3219613-1&amp;h=2407525114&amp;u=https%3A%2F%2Fcts.businesswire.com%2Fct%2FCT%3Fid%3Dsmartlink%26url%3Dhttp%253A%252F%252Fwww.Goedekers.com%26esheet%3D52439905%26newsitemid%3D20210603005555%26lan%3Den-US%26anchor%3Dwww.Goedekers.com%26index%3D1%26md5%3D0b3a7e42150941855d1f717a4d8fc723&amp;a=www.Goedekers.com\" rel=\"nofollow noopener\">www.Goedekers.com<\/a>.<\/p>\n<p>\n        <b>Forward Looking Statements<\/b>\n      <\/p>\n<p>This press release contains &#8220;forward-looking statements&#8221; that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;contemplate,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;seek,&#8221; &#8220;may,&#8221; &#8220;might,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;target,&#8221; &#8220;aim,&#8221; &#8220;should,&#8221; &#8220;will&#8221; &#8220;would,&#8221; or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on 1847 Goedeker Inc.&#8217;s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled &#8220;Risk Factors&#8221; of the reports that we file with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and 1847 Goedeker Inc. undertakes no duty to update such information except as required under applicable law.<\/p>\n<p>\n        <b>Contacts: <br \/><\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Mike Houston<\/span><br \/>\n        <br \/>Lambert &amp; Co. <br \/>646-475-2998<br \/><a target=\"_blank\" href=\"mailto:mhouston@lambert.com\" rel=\"nofollow noopener\">mhouston@lambert.com<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DE34669&amp;sd=2021-07-07\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer-301326877.html\">https:\/\/www.prnewswire.com\/news-releases\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer-301326877.html<\/a><\/p>\n<p>SOURCE  1847 Goedeker Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DE34669&amp;Transmission_Id=202107070830PR_NEWS_USPR_____DE34669&amp;DateId=20210707\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition Accelerates Southern U.S. Addressable Market and Expands Premium and Luxury Brand Offerings PR Newswire BALLWIN, Mo., July 7, 2021 \/PRNewswire\/ &#8212;\u00a01847 Goedeker Inc. (NYSE American: GOED) (&#8220;Goedekers&#8221; or the &#8220;Company&#8221;) and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced it has signed a definitive purchase agreement with a Florida-based, premium and luxury appliance retailer. This strategic acquisition is an early step toward a more significant investment in the Florida market. &#8220;The premium and luxury brands this transaction brings to the Company, as well as their longstanding, strong relationships with customers were what led us to this acquisition,&#8221; stated Doug Moore, Goedekers&#8217; CEO. &#8220;Consistent with our long-term strategy, this transaction serves &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510282","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition Accelerates Southern U.S. Addressable Market and Expands Premium and Luxury Brand Offerings PR Newswire BALLWIN, Mo., July 7, 2021 \/PRNewswire\/ &#8212;\u00a01847 Goedeker Inc. (NYSE American: GOED) (&#8220;Goedekers&#8221; or the &#8220;Company&#8221;) and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced it has signed a definitive purchase agreement with a Florida-based, premium and luxury appliance retailer. This strategic acquisition is an early step toward a more significant investment in the Florida market. &#8220;The premium and luxury brands this transaction brings to the Company, as well as their longstanding, strong relationships with customers were what led us to this acquisition,&#8221; stated Doug Moore, Goedekers&#8217; CEO. &#8220;Consistent with our long-term strategy, this transaction serves &hellip; Continue reading &quot;1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T12:33:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DE34669&amp;sd=2021-07-07\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer\",\"datePublished\":\"2021-07-07T12:33:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\\\/\"},\"wordCount\":552,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DE34669&amp;sd=2021-07-07\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\\\/\",\"name\":\"1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer - 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(NYSE American: GOED) (&#8220;Goedekers&#8221; or the &#8220;Company&#8221;) and its Appliances Connection Business, the largest pure-play online retailer of household appliances in the U.S., today announced it has signed a definitive purchase agreement with a Florida-based, premium and luxury appliance retailer. This strategic acquisition is an early step toward a more significant investment in the Florida market. &#8220;The premium and luxury brands this transaction brings to the Company, as well as their longstanding, strong relationships with customers were what led us to this acquisition,&#8221; stated Doug Moore, Goedekers&#8217; CEO. &#8220;Consistent with our long-term strategy, this transaction serves &hellip; Continue reading \"1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-07T12:33:50+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DE34669&amp;sd=2021-07-07","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer","datePublished":"2021-07-07T12:33:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/"},"wordCount":552,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DE34669&amp;sd=2021-07-07","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/1847-goedeker-signs-definitive-agreement-to-acquire-luxury-florida-based-appliance-retailer\/","name":"1847 Goedeker Signs Definitive Agreement to Acquire Luxury Florida-based Appliance Retailer - 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