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Newegg Commerce H1 Average Order Value $401 Compared To $390 YoY; Active Customers Totaled ~1.1M As Of June 30, 2024, Down From 1.3M YoY

Author: Benzinga Newsdesk | August 29, 2024 01:32am

2024 First Half Operational Metrics

Average order value was $401 for the six months ended June 30, 2024, compared to $390 for same period in prior year.
Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past 6 months, totaled approximately 1.1 million as of June 30, 2024, a decrease from 1.3 million for the same period in the prior year.
Repeat purchase rate, which is the percentage of active customers who made at least two purchases on Newegg platforms during the past 6 months, was 23.0% as of June 30, 2024, compared to 27.9% for the same period in the prior year.

Posted In: NEGG