New Long-Term Agreement Adds E-Commerce Technology, Order Management and Interactive Marketing Services and Renews Call Center and Fulfillment Services
KING OF PRUSSIA, Pa., April 20 -- GSI Commerce Inc. (NASDAQ:GSIC) , a leading provider of e-commerce and multichannel solutions, today announced it has signed a multiyear agreement to provide Cost Plus World Market (NASDAQ:CPWM) , a national specialty retailer of unique home furnishing products, with e-commerce technology, order management and interactive marketing services, including design and e-mail marketing. Cost Plus World Market also renewed its agreement with GSI for fulfillment and call center services.
The new Cost Plus World Market online store is scheduled to launch on GSI`s technology platform this summer and will provide a more savvy and enhanced online shopping experience.
"When we were searching for a new technology platform, we were looking for best-in-class features and operating capabilities at a cost advantage to what we could operate on our own or with another provider. After an extensive review of solutions, we determined that GSI was clearly the market leader in this space and the best fit for our needs," said Warren Mazer, director of e-commerce for Cost Plus World Market. "We were similarly impressed with their marketing services offerings. Based on our experience with GSI`s fulfillment and call center services, we knew that each component of their solution is world class."
"This multiyear, extended and expanded agreement validates the value we are creating for our clients," said Damon Mintzer, executive vice president of sales for GSI Commerce. "Cost Plus World Market will benefit from our leading e-commerce technology, order management and interactive marketing services capabilities. We look forward to working with them to take their multichannel business to the next level."
gsi interactive(SM), GSI`s digital agency, was selected by Cost Plus World Market to provide design and marketing services based on the agency`s strong track record of creating award-winning site experiences. "Our renowned team of digital marketing experts is looking forward to providing Cost Plus World Market with leading-edge design and marketing capabilities to help them better compete in the home furnishings marketplace," said Nick Pahade, president of gsi interactive.
Cost Plus World Market also uses e-Dialog, GSI`s e-mail marketing subsidiary, to support its e-mail marketing efforts. In addition to providing strategy, e-mail expertise, and full-service production support, e-Dialog is working with Cost Plus World Market to deploy triggered e-mail programs.
About Cost Plus World Market
Cost Plus World Market operates 270 stores in 31 states under the names "World Market" and "Cost Plus World Market." The store features an ever-changing selection of casual home furnishings, housewares, gifts, jewelry, decorative accessories, over 500 international wines, gourmet foods and beverages offered at affordable prices and are imported from more than 50 countries. Many items are unique and exclusive to World Market regularly supplied by an international network of individual and regional artisans developed over the Company`s 50 years in the import business. The majority of the store`s furniture is constructed of environmentally friendly, farm raised wood while a number of items are made out of recycled glass and yet countless are constructed of environmentally friendly bamboo. The value, breadth and continual refreshment of products invite customers to come back throughout a lifetime of changing home furnishings and entertaining needs.
About GSI Commerce
GSI Commerce(R) (www.gsicommerce.com) is a leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized e-commerce solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care. We offer each of the platform`s components on a modular basis, or as part of an integrated, end-to-end solution. We also offer a full suite of interactive marketing services through two divisions, gsi interactive(SM) and e-Dialog Inc. (www.e-dialog.com).
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made in this release, other than statements of historical fact, are forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional 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 SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
CONTACT:
GSI Commerce, Inc.
Kelly Henry
Director, Corporate Marketing
610.491.7474
Fax: 610.265.2866
news@gsicommerce.com
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