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Polished (1847 Goedeker) Priced, NYSE American: POL

Operates an e-commerce platform for appliances and home goods.

Industry: Technology

First Day Return: -1.1%

Industry: Technology

Our company is a one-stop e-commerce destination for home furnishings, including appliances, furniture, home goods and related products. Since our founding in 1951, we have evolved from a local brick and mortar operation serving the St. Louis metro area to a large nationwide omni-channel retailer that offers one-stop shopping for the leading brands. While we still maintain our St. Louis showroom, over 90% of our sales are placed through our website at www.goedekers.com. We offer over 227,000 SKUs organized by category and product features, providing visitors to the site an easy to navigate shopping experience. The delivery experience and overall customer service that we offer our shoppers are central to our business. We purchase inventory only after a sale has been made through our website. This allows us to tightly manage our inventory and warehouse space while still providing customers quick delivery times and control over the entire process. About 90% of appliances flow through our warehouse while almost all furniture is drop shipped to the customer. All inventory is managed with a barcode system and is automatically tracked through our Microsoft Dynamics GP ERP system.
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Polished (1847 Goedeker) (POL) Performance