Polished.com Inc.
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Douglas T. Moore
- Full Time Employees
- 482
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Address
- 13850 Manchester Road Ballwin MO United States of America 11214
- IPO Date
- Jul 31, 2020
- CIK
- 0001810140
- Website
- goedekers.com
- Similar Companies
- Business
- Polished.com Inc. operates a technology-enabled e-commerce platform specializing in the retail of household appliances, furniture, and home goods within the United States. The company's core product offerings include major household appliances such as refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers; furniture and décor; bed and bath products; lighting; outdoor living products; electronics; fitness equipment; plumbing fixtures; air conditioners; fireplaces; fans; dehumidifiers; humidifiers; air purifiers; and televisions. Additionally, Polished.com provides appliance installation and old appliance removal services, enhancing the customer experience with white-glove service options. The company targets residential consumers seeking a streamlined shopping experience for home goods and appliances. Founded in 1951 and headquartered in Brooklyn, New York, Polished.com evolved from a traditional retail and showroom model into an e-commerce-focused business following its acquisition by 1847 Holdings LLC in 2019. The company rebranded from 1847 Goedeker Inc. to Polished.com Inc. in July 2022 to align with its digital-first approach. In 2021, Polished.com expanded its market footprint with the acquisition of Appliances Connection, broadening its brand portfolio to include core, premium, luxury, and private-label appliance brands. However, facing sustained macroeconomic challenges impacting consumer discretionary spending, Polished.com suspended operations and filed for Chapter 7 liquidation in March 2024. During recent years, the company emphasized a customer-centric model featuring expert product consultation and a "Love-It-Or-Return-It" 30-day policy, but financial difficulties culminated in the bankruptcy filing for orderly liquidation. Thus, Polished.com Inc. stands as a once prominent e-commerce retailer of a comprehensive range of home appliances and goods with a focus on operational and service enhancements, while its latest major development is its 2024 liquidation filing under Chapter 7 in the U.S. Bankruptcy Court following unsuccessful attempts to secure additional financing amid challenging economic conditions. The company operates primarily within the U.S. market, leveraging an extensive online platform and ancillary service offerings to deliver value to residential consumers.
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