GigaCloud Acquires New Classic Home Furnishings for $18 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
0mins
Source: Globenewswire
- Acquisition Completed: GigaCloud successfully acquires New Classic Home Furnishings for a total consideration of $18 million, which will further enhance its ecosystem in the large parcel merchandise market and strengthen its competitive position in the home furnishings sector.
- Customer Network Integration: By integrating New Classic's network of over 1,000 retail customers, GigaCloud will broaden its retailer relationships, creating new business opportunities that enhance its technology-enabled marketplace and fulfillment capabilities.
- Strategic Execution: This acquisition is viewed as a significant step in GigaCloud's strategy to streamline large-parcel commerce, aimed at enabling retailers to compete more effectively in a dynamic trading environment, thereby enhancing market adaptability.
- Funding Source: The transaction is funded from GigaCloud's existing cash reserves and has been unanimously approved by the company's Board of Directors, reflecting the company's confidence in future growth.
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Analyst Views on GCT
Wall Street analysts forecast GCT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GCT is 37.67 USD with a low forecast of 33.00 USD and a high forecast of 44.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 40.690
Low
33.00
Averages
37.67
High
44.00
Current: 40.690
Low
33.00
Averages
37.67
High
44.00
About GCT
GigaCloud Technology Inc specializes in global end-to-end business to business (B2B) technology solutions for large parcel merchandise. The Company’s B2B e-commerce platform, the GigaCloud Marketplace, integrates everything from discovery, payments and logistics tools into one easy-to-use platform. Its global marketplace connects manufacturers, primarily in Asia, with resellers, primarily in the United States, Asia and Europe, to execute cross-border transactions. The Company offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The GigaCloud Marketplace offers SKUs across furniture, home appliances, fitness equipment and other large parcel categories from its active 3P sellers. Its operations include GigaCloud 3P, GigaCloud 1P and Off-platform Ecommerce. Its GigaCloud 3P operation includes platform commission, ocean transportation service, warehousing service, packaging service and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Executive Appointments: GigaCloud has appointed Michael Pitman and Scott Hill as vice presidents of sales, leveraging their combined 70+ years of experience in the home furnishings industry to enhance the company's sales strategy and market expansion efforts.
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