KING OF PRUSSIA, Pa., and NEW ALBANY, Ohio, May 4, 2009 – GSI Commerce Inc. (Nasdaq: GSIC), a leading provider of e-commerce and multichannel solutions, today announced a multiyear extension of its e-commerce agreement with Bath & Body Works, a division of Limited Brands (NYSE: LTD). Under the agreement, which runs to 2015, GSI will continue to provide Bath & Body Works’ online store (www.bathandbodyworks.com) with e-commerce technology and fulfillment services.
“Our online retail store is an essential part of our business,” said Sharen Jester Turney, CEO and president of Victoria Secret. “We are very pleased to extend our e-commerce agreement with GSI as they helped us grow our direct-to-consumer business beyond our initial expectations. The Web store, along with GSI’s fulfillment operations, consistently delivers an unparalleled online shopping experience for our customers.”
“Bath & Body Works is a well-respected market leader and we are very excited that they have chosen GSI as their long-term e-commerce partner,” said Michael G. Rubin, chairman and CEO of GSI. “We look forward to our continued successful relationship as they grow and evolve this important retail channel.”
Bath & Body Works launched its online store on GSI’s e-commerce platform in fourth quarter of 2005.
About Bath & Body Works
Bath & Body Works was founded in New Albany, Ohio in the fall of 1990, and has always prided itself on the innovation, quality and performance of its products. A division of Limited Brands, Inc., Bath & Body Works now has more than 1,600 stores nationwide.
About GSI Commerce
GSI Commerce® (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 interactivesm 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
news@gsicommerce.com
Back...
