December 03, 2007 10:15 ET

Newegg Outperforms Post-Thanksgiving Retail Forecasts

Online Electronics Merchant Credits Increased Consumer Confidence for Its Record-Breaking Sales Growth During First Weekend of Holiday Shopping Season

CITY OF INDUSTRY, CA--(Marketwire - December 3, 2007) - Newegg Inc., the world's largest privately owned online retailer, defied Black Friday/Cyber Monday retail sales predictions by posting 48% year-over-year growth in revenue during the traditional kickoff to the holiday shopping. Strengthened consumer confidence in online security, paired with's reputation for quality service and timely delivery, brought more than 1 million visits to its site on Black Friday alone.

On average, online retail spending grew on 22% on Black Friday and 21% on Cyber Monday over 2006, according to comScore, a leading Internet market researcher. On Cyber Monday alone, experienced 89% year-over-year growth.

"While we were confident that Black Friday and Cyber Monday would be strong, the actual results exceeded even our own expectations," said Bernard Luthi, vice president of merchandising, Newegg. "What it tells us is that consumer confidence in online purchasing is stronger than ever."

Beating expectations is a hallmark of the success story. has consistently outperformed industry forecasts since its launch in 2001, due in large part to its cult-like following. "Our founders instilled a culture of fanatical focus on customer satisfaction rather than hype," Luthi explains.

While the site has been popular with IT professionals, tech-savvy kids and those in the know since its early days, experienced its largest volume ever, with more than 6.6 million visits over the period.

About Newegg is the world's second-largest online-only retailer, attracting more than 8 million registered users and earning industry-leading customer service ratings. Founded in 2001, Newegg Inc. posted more than $1.5 billion in revenue in 2006. "Those who know" -- IT professionals, do-it-yourself computer enthusiasts, avid online gamers, students, small-to-midsize businesses, resellers and consumers -- consider their top choice for computer and IT products and consumer electronics. At its award-winning Web site,, shoppers can compare a comprehensive selection of the latest high-tech products, view detailed product descriptions, pictures, how-to information and product reviews, and interact with other members of the technology and gaming community. is headquartered in City of Industry, Calif. For more information, visit or e-mail

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