Or it could have the opposite effect. The social network wants to see what happens when mobile users choose whose posts they want to ...
Net revenue in the third quarter for GSI Commerce Inc. grew 79% over last year’s third quarter to $32.3 million, while comparable store sales increased 32%. Net loss narrowed by 41% to $8.6 million.
Net revenue in the third quarter for GSI Commerce Inc. grew 79% over last year’s third quarter to $32.3 million from $18.1 million, the company reports. Comparable store sales--that is, sales at web sites that were in operation for the third quarter last year, increased 32% from the third quarter of 2001. GSI Commerce is an outsourced provider of e-commerce services for retailers and operates the online retailing arms of a number of national chains.
Net loss was $8.6 million in the third quarter, a 41% improvement from a net loss of $14.6 million in last year’s third quarter.
For the full year, GSI Commerce is expecting net revenue of $167 million to $172 million, with a net loss of $20 million to $22 million.
The company also reported that in the third quarter, it completed expansion of its fulfillment center expansion in Louisville, KY, and opened a customer sales and service center in Melbourne, FL. GSI Commerce, Inc. was formerly known as Global Sports, Inc.