GSIC GSI Commerce, Inc. featured news, full reports, and detailed charts
GSI Commerce, Inc. (GSIC) Wrap Up:
We are a leading provider of services for e-commerce, multichannel retailing and interactive marketing to large, business-to-consumer (b2c) enterprises, which we call partners. For e-commerce and multichannel retailing, we deliver customized solutions to partners through an integrated e-commerce platform, which is comprised of three components: 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. For interactive marketing, we offer a full suite of online marketing, advertising, e-mail and design services. Our partners include: Aeropostale®, American Eagle Outfitters®, Avis®, BMG Music Service®, Bath & Body Works®, British Airways®, CBS®, Christopher & Banks®, Dick’s Sporting Goods®, Estee Lauder®, Linens-n-Things®, Major League Baseball®, the NFL®, Reuters®, RalphLauren. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f13%2f0000893220-08-000696.html#FIS_BUSINESS"www.gsicommerce.com
4,310 Employees
Founded in 1986
GSI Commerce Inc. (GSIC:NASDAQ)
LAST $22.12 USD
CHANGE TODAY +0.15 0.68%
VOLUME 1.4M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of GSI Commerce Inc. (GSIC)
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OPEN
$21.79
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PREVIOUS CLOSE
$21.97
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DAY HIGH
$22.26
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DAY LOW
$21.66
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52 WEEK HIGH
11/20/09 - $22.26
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52 WEEK LOW
11/21/08 - $5.69
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MARKET CAP
1.2B
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AVERAGE VOLUME 3 mo
666.7K
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DILUTED EPS TTM
$-0.27
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SHARES OUTSTANDING
55.1M
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GSIC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
related news
Psst! Private-Sale Shopping Sites Are Hot
11/04/2009 9:38 PM ET
Saddled with unsold merchandise amid the recession, makers of luxury goods are selling their wares through members-only shopping sites
GSIC Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for GSI Commerce Inc. (GSIC)
GSI Commerce Inc. - Conference Presentation Call
10/29/2009
GSI Commerce Inc. - Conference Presentation Calls
GSI Commerce Inc. Reports Un-Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 3, 2009; Provides Earnings Guidance for the Full Year 2009
10/27/2009
GSI Commerce Inc. reported un-audited consolidated earnings results for the third quarter and nine months ended October 3, 2009. Net loss for the quarter ended October 3, 2009, was $9.4 million or $0.18 per share compared to a net loss of $14.2 million or $0.30 per share. Net revenues increased to $190.3 million from $186.8 million. Non-GAAP net revenues increased to $113.7 million from $102.3 million. Loss from operations was $9.9 million compared to a loss from operations of $16.5 million. Non-GAAP income from operations was $12.1 million compared to $5.8 million. Loss before income taxes was $14.679 million against $21.732 million reported for the period a year ago. Non-GAAP income from operations was $12.141 million compared to $5.756 million for the same period last year. Non-GAAP net revenues were $113.676 million against $102.293 million of previous year period. For the nine months ended October 3, 2009, net loss was $34.629 million or $0.70 basic and diluted los per share on revenue of $573.967 million compared to net loss of $46.040 million or $0.97 basic and diluted los per share on revenue of $575.546 million for the same period last year. Loss from operations was $36.724 million compared to $52.782 million of previous year period. Loss before income taxes was $50.675 million against $66.036 million reported for the period a year ago. Through the first nine months of 2009,the company generated $30.7 million of non-GAAP income from operations compared to $13.2 million last year. Net cash used in operating activities was $48.152 million compared to $42.265 million for the same period last year. Cash paid for property and equipment, including internal use software was $29.585 million against $46.007 million of previous year period. Non-GAAP income from operations was $30.680 million compared to $13.206 million for the same period last year. Non-GAAP net revenues were $329.620 million against $298.455 million of previous year period. The company provided earnings guidance for the full year 2009. The company expects a modest increase in net revenues compared to fiscal year 2008. Income from operations is expected to be at least $3.0 million to $7.0 million. Non-GAAP income from operations is expected to increase by at least 15% to 20% compared to fiscal year 2008 which implies a minimum of $94.0 million to $98.0 million. Fiscal year 2009 capital expenditures are expected to be no more than $50.0 million.
GSI Commerce Inc., Q3 2009 Earnings Call, Oct-27-2009
10/15/2009
GSI Commerce Inc., Q3 2009 Earnings Call, Oct 27 2009
GSIC Competitors
| Company | Last | Change |
| Digital River Inc | $26.04 USD | -0.18 |
| Harte Hanks Inc | $10.12 USD | +0.10 |
| Sapient Corp | $7.25 USD | +0.04 |
| ValueClick Inc | $10.00 USD | +0.11 |
| ValueVision Media Inc | $3.37 USD | +0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | GSIC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.2x |
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| Price/Book | 3.5x |
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| Price/Cash Flow | 20.5x |
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| TEV/Sales | 0.9x |
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GSIC |
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GSIC transactions
| Type Date |
Target |
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Merger/Acquisition
October 27, 2009 |
Retail Convergence, Inc. |
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Merger/Acquisition
September 1, 2009 |
pepperjam, Inc. |
More Recent News About GSI Commerce, Inc.
More news for GSIC
gsi interactive Rebrands as TrueAction on the Philosophy of Reflex Marketing
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--GSI Commerce Inc. (Nasdaq: GSIC - NewsTMSM, TrueAction has provided digital marketing and design solutions to industry-leading retailers and brands including the NFL, GNC, kate spade, and Christopher & Banks. The new moniker reflects the company’s focus on offering innovative marketing solutions that have driven millions of dollars in e-commerce transactions. TrueAction’s new brand identity represents the collective knowledge of an agency built on understanding what turns users’ attentions into actions – actions that can grow brands, drive revenue, and deepen relationships. Through the proper balance of TrueAction’s strategy, visual design, measurement, media, technology, and usability services, the company has positioned itself as a comprehensive solution to a constantly evolving digital marketplace.“TrueAction, as a brand, is all about forging new ways of understanding online consumers in order to maximize user satisfaction and client revenue. Reflex Marketing is our philosophy that all actions have a transactional value whether it be monetary, physical or emotional,†explains TrueAction president Nick Pahade. “It’s about the combination of all disciplines into one true view of what users are doing and what is helping them accomplish their tasks.â€One TrueAction advancement is their state-of-t...Click here to read the whole Article (external link)
GSI COMMERCE INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securiti
Item 1.01 Entry into a Material Definitive Agreement. On October 27, 2009, GSI Commerce, Inc. ("GSI") and Cola Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of GSI ("Acquisition Sub") entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Retail Convergence, Inc., a Delaware corporation ("RCI"), certain of the principal stockholders of RCI and William J. Fitzgerald, as Stockholders' Representative. Upon the terms and subject to the conditions of the Merger Agreement, Acquisition Sub will merge with and into RCI with RCI surviving as a subsidiary of GSI (the "Merger"). At the effective time of the merger, GSI will acquire substantially all of the outstanding capital stock of RCI. GSI has the right to acquire the remaining capital stock of RCI on or after December 31, 2009. Under the Merger Agreement, the stockholders and optionholders of RCI will receive an initial payment of approximately $180.0 million, consisting of $90.0 million cash (less certain transaction expenses) and GSI common stock ("GSI Stock") with an aggregate value of approximately $90.0 million, but in no event less than 3,745,318 shares of GSI Stock or more than 5,617,978 shares of GSI Stock. Any stockholder or optionholder who holds 200,000 or fewer shares of RCI common stock (or vested options, in the case of an optionholder) will receive cash in lieu of GSI stock. The initial payment disclosed above includes the initial payment payable upon GSI's acquisition of the remaining capital stock of RCI which may be acquired on or after December 31, 2009. Approximately $17.8 million of the initial consideration will be paid into escrow to secure post-closing indemnification obligations of the stockholders and optionholders. Additionally, the stockholders and employees of RCI will be eligible to receive an earnout payable in cash and GSI Stock for each of the 2010, 2011 and 2012 fiscal years with an aggrega...Click here to read the whole Article (external link)
Psst! Private-Sale Shopping Sites Are Hot
Psst! Private-Sale Shopping Sites Are Hot Saddled with unsold merchandise amid the recession, makers of luxury goods are selling their wares through members-only shopping sites By Douglas MacMillan During last year's bleak holiday shopping season, fashion designer Lauren Merkin greatly overestimated the number of handbags she'd sell in upscale retail stores such as Neiman Marcus and Bloomingdale's. She found a good way to sell them elsewhere without consigning them to a bargain-basement rack that might tarnish the brand in the eyes of would-be customers. All year, she's been selling the excess goods for half-price on the members-only Web site Gilt Groupe, during 36-hour sales that are hidden from the view of the general public. "What we're selling is first-rung, but if it sits around at a sale I think the consumer gets the wrong impressions about the product," Merkin says. Saddled with overstock from the retail recession, makers of luxury apparel, home furnishings, and other high-end goods are selling their wares at reduced prices through Gilt Groupe and other private shopping sites. Many of these companies help fuel pent-up demand by limiting membership, forcing would-be clients to park on a waiting list or be referred by existing members. Lure for Bargain-Hunting FashionistasLuxury brands can use these members-only sites to hide markdown prices from retail shoppers willing to pay the full amount, while attracting scores of wannabe fashionistas willing to wait for haute couture at a low price. "The brands they offer are of such high quality, and because they're at disc...Click here to read the whole Article (external link)
Online Travel Sites Chosen By Benchmark Capital To Be Sub Sector Of Online Retailing Most Likely To Out Perform Market
67 WALL STREET, New York - November 11, 2009 - The Wall Street Transcript has just published its Online And Direct To Consumer Retailing Report offering a timely review of the sector to serious investors and industry executives. This special report contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Online Retailer Profit Margins Vs. Bricks-And-Mortar Retailers - Uptick In Internet Commerce - Secular Shift In Market Share To Internet Retailers - Post-Crunch Consumer Confidence - Growing Market Share For Online Travel Agents - Possible Consolidation Of HSN, Inc. - Amazon As The "Wal-Mart Of The Internet" - Online Marketing Vs. In-Store Marketing - Maximized Markdowns - Online Traffic Conversion Rates - Social Networking To Drive Brand Awareness - Online Sales Holiday Outlook - E-Commerce As A Path To International Expansion Companies include: Abercrombie & Fitch (ANF); Amazon's (AMZN); Ann Taylor (ANN); Apple (AAPL); Ask.com (IACI); Bebe (BEBE); Best Buy (BBY); Bidz.com (BIDZ); Dell (DELL); Dick's Sporting Goods (DKS); Expedia (EXPE); GSI Commerce (GSIC); GameStop (GME); Gap (GPS); General Motors (GM); Google (GOOG); HSN (HSN); HSN (HSNI); Hot Topic (HOTT); IAC (IAC); Liberty (LINTA); LivePerson (LPSN); MercadoLibre (MELI); Move Inc. (MOVE); Orbitz (OWW); Pacific Sunwear (PSUN); Quiksilver (ZQK); Ralph Lauren (RL); ShopNBC (WTV); South Korea's Gmarket (EBGMy); Sport Supply Group (RBI); Staples (SPLS); Starbucks (SBUX); T...Click here to read the whole Article (external link)
GSI COMMERCE INC Files SEC form 10-Q, Quarterly Report
ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION. All statements made in this Quarterly Report on Form 10-Q, other than statements of historical fact, are forward-looking statements, as defined under federal securities law. The words "look forward to," "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "will," "would," "should," "could," "guidance," "potential," "opportunity," "continue," "project," "forecast," "confident," "prospects," "schedule," "designed," "future," "discussions," "if" 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 our business. 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 our business, financial condition and operating results include the effects of changes in the economy, consumer spending, the financial markets and the industries in which we and our clients operate, changes affecting the Internet and e-commerce, our ability to develop and maintain relationships with strategic partners and suppliers and the timing of our establishment, extension or termination of our relationships with clients, our ability to timely and successfully develop, maintain and protect our technology, confidential and proprietary information, and product and service offerings and execute operationally, our ability to attract and retain qualified personnel, our ability to clo...Click here to read the whole Article (external link)
GSI COMMERCE INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
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