KING OF PRUSSIA, Pa., Feb. 15 -- GSI Commerce Inc. (NASDAQ:GSIC) announced today it has signed a multi-year agreement under which the company will provide and operate a new, integrated e-commerce solution for adidas` online store. The new online store is expected to launch during the summer. adidas is a leading brand in the global sporting goods market with strong positions in footwear, apparel and hardware.
The integrated solution provided by GSI Commerce will include e-commerce technology, managed hosting, order management, and other services. GSI Commerce will integrate its e-commerce platform with adidas` current, third- party fulfillment provider. The new online store, http://www.thestore.adidas.com/, will continue to offer consumers footwear, apparel and accessories for men, women and children and will include merchandise from adidas` "original" and "performance" lines. In addition, adidas will use GSI Commerce`s CRM services, which will provide a 360-degree view of adidas` online customers and be used to up sell and cross sell merchandise.
"We are proud to have been selected by adidas as its new e-commerce partner," said Damon Mintzer, executive vice president of sales for GSI Commerce. "Our experience and expertise in e-commerce partnering provides adidas with the opportunity to grow its online business faster than it would with alternative solutions."
About GSI Commerce
GSI Commerce provides an e-commerce solution enabling retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. The company`s e-commerce solution includes Web site design and development, e-commerce technology, managed hosting, order fulfillment, customer service, merchandising and order management, online merchandising, customer relationship management, content development and online marketing. The company operates either all or a portion of the e-commerce businesses for approximately 50 partners.
Forward-Looking Statements
All statements made in this release other than statements of historical fact are forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "will," "would," "should," "guidance," "potential," "continue," "project," "forecast," "confident," "prospects," and similar expressions typically are used to identify forward- looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of GSI Commerce and the industries and markets in which GSI Commerce operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect GSI Commerce`s business, financial condition and operating results include the effects of changes in the economy, consumer spending, the financial markets and the industries in which GSI Commerce and its partners operate, changes affecting the Internet and e-commerce, the ability of GSI Commerce to develop and maintain relationships with strategic partners and suppliers and the timing of the establishment or extension of its relationships with strategic partners, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology, confidential information and product and service offerings and execute operationally, the ability of GSI Commerce to attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. More information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the Securities and Exchange Commission. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements, except as otherwise specifically stated by GSI Commerce.
Contacts:
Greg Ryan
Director, GSI Commerce Corporate Communications
tel: 610-491-7294
fax: 610-265-2866
e-mail: ryang@gsicommerce.com
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