1847 Goedeker Expands Partnership with American First Finance to Offer New Lease-to-Own Financing Option for Appliance & Furn...
September 30 2020 - 7:00AM
Business Wire
1847 Goedeker Inc. (NYSE American: GOED) (“Goedeker’s” or the
“Company”), a one-stop e-commerce destination for appliances,
furniture, home goods, and related products, expands its
partnership with American First Finance Inc. (“AFF”), an innovative
third-party financing company offering a flexible and affordable
lease-to-own payment option. Because this is a third-party
financing platform, Goedeker’s will assume no credit risk or have
any balance sheet impact.
“Offering a variety of payment options improves our customers’
purchasing power, ultimately leading to increased conversions and
sales,” said Doug Moore, CEO of Goedeker’s. “Our latest
lease-to-own option through our financing partner AFF will afford
Goedeker’s customers flexibility and freedom in their purchase
decisions without requiring a long-term commitment.”
The Company’s new lease-to-own financing solution is an
extension of its third-party financing solutions through AFF and
will provide fast decisions and affordable payments, enabling
Goedeker’s appliance and furniture customers to get approved for up
to $5,000 and pay less when the full balance is paid off within the
first 101 days.
“We saw an opportunity to enhance our existing partnership with
Goedeker’s to bring them a solution for their ecommerce platform
that will benefit consumers tremendously. Customers will get better
payment options that fit their budget. This is just one of the many
ways we plan to strengthen our partnership with Goedeker’s,” said
Lance Taylor, Senior Director eCommerce Sales of AFF.
About 1847 Goedeker Inc.
The Company is an industry leading e-commerce destination for
appliances, furniture, and home goods. Since its founding in 1951,
the Company has transformed from a local brick and mortar operation
serving the St. Louis metro area to a respected nationwide
omnichannel retailer that offers one-stop shopping for national and
global brands. While the Company maintains its St. Louis showroom,
over 90% of sales are placed through its website (www.goedekers.com). The Company provides visitors
an easy to navigate the shopping experience and offers more than
185,000 items organized by category and product features.
Specialization in the home category has enabled the Company to
build a shopping experience and an advanced logistics
infrastructure that is tailored to the unique characteristics of
the market. Learn more at www.goedekers.com.
Forward Looking Statements
This press release contains “forward-looking statements” 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 “anticipate,” “believe,” “contemplate,” “could,”
“estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,”
“potential,” “predict,” “project,” “target,” “aim,” “should,”
"will” “would,” 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 the Company’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 “Risk Factors” in the final prospectus related to the public
offering filed with the Securities and Exchange Commission and
other reports filed with the Securities and Exchange Commission
thereafter. Forward-looking statements contained in this
announcement are made as of this date, and the Company undertakes
no duty to update such information except as required under
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200930005453/en/
Dave Gentry, CEO RedChip Companies Office: 1.800.RED.CHIP
(733.2447) Cell: 407.491.4498 dave@redchip.com
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