Merchandise sales at GSI Commerce Inc. rose 42% year-over-year for the fourth quarter ended Dec. 31, to $282.4 million from $199.3 million, GSI said today. For the full year, merchandise sales rose 44% to $682 million from $475 million.
GSI’s merchandise sales represent the retail value of all sales transactions, net of all returns and discounts, and freight charges transacted through the GSI e-commerce platform. GSI provides e-commerce platform services to more than 50 clients, including retailers, branded manufacturers, entertainment companies and professional sports organizations.
Q4 net revenue rose 27% year-over-year to $172.3 million from $135.6 million, as full-year revenue rose 31% to $440.4 million from $335.1 million, GSI said.
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