GSI Commerce Q1 2010 results

From Internet Retailer:

GSI Commerce first quarter sales rise nearly 39%

E-commerce technology provider GSI Commerce reported today sales of $272.6 million for its fiscal first quarter ended April 3, up 38.7% compared to $196.5 million for the same period a year earlier.

For the first quarter, GSI reported:

Income from operations of $17.4 million, up 87.1% from $9.3 million.
Net loss of $8.1 million, compared to a net loss of $12.1 million.

"The year got off to a strong start for GSI with better than expected top and bottom line results in the first quarter,” says Michael G. Rubin, chairman and CEO of GSI. “The key drivers to the upside were strong comparable-store e-commerce trends and continued momentum in marketing services.”

GSI offered the following guidance for fiscal year 2010:

- Revenue of $1.3 billion, which would represent 30% growth from 2009 revenue of $1.0 billion
- Income from operations of $15.6 million
- Net income of $135.0 million.

GSI Commerce does coop e-mail marketing for its clients

From Internet Retailer

"In a bid to help its individual retailer clients compete with large cross-category online marketplaces for a prime piece of the holiday shopping pie, GSI Commerce Inc. rounded up more than 30 of the retailers on its e-commerce platform for a co-operative e-mail marketing program.

Discounts and deals in GSI’s “World’s Greatest Friends & Family program," which started Sunday December 13 and ran through December 14, were promoted by each retailer to its customers via e-mail. The e-mails directed recipients to a special landing page on the retailer’s site that showed offers from all of the participating retailers. The offers also were posted at www.greatestgifts.com."

E-commerce deals update: Zappos, Ruelala.com

Well, it turns out Amazon will shell out $1.2b instead of the anticipated $928b to purchase Zappos, according to today's official press release.


Also, GSI Commerce Inc., the blueprint for PIXmania's e/merchant business I helped build, purchased US-based Retail Convergence, owner of Smartbargains.com and Ruelala.com, a 1,5 year old closed-community shopping website... for a whopping $350m. Official news release is available here. GSI Commerce now has private sales capabilities to round out its complete array of e-commerce services (customer acquisition and online marketing, storefront design, order fulfillment, customer support, technology and infrastructure, fraud prevention... you know the drill).

It has been a Happy Halloween for Zappos and RueLaLa :)

GSI Commerce reports revenue up 34% in first quarter | InternetRetailer.com

E-commerce platform provider - and e/merchant blueprint model - GSI Commerce Inc. has reported a 34% increase in first quarter revenue and reiterated its earlier projection of $1 billion in revenue in 2008, which would be a 33% increase from $750 million in 2007.

Also noteworthy, organic growth of e-commerce sales of the about 85 online retailers on the GSI platform is running at about 20%.

InternetRetailer.com - Daily News for Friday, April 25, 2008