PFSweb

Infobox Company
name = PFSweb, Inc.
type = Public (nasdaq|PFSW)
foundation = IPO 1999
location_city = Plano, TX
location_country = United States
key_people = Mark C. Layton, CEO/Chairman of the Board
Michael Willoughby, President
industry = eCommerce, Outsourcing
num_employees = 1,300
homepage = www.pfsweb.com

PFSweb, Inc. (Priority Fulfillment Services) is a multi-channel outsourcing solutions provider specializing in end-to-end eCommerce, global logistics, order management and fulfillment, inventory management and product warehousing, high-touch customer care, financial services, integration services and interactive marketing services. The company's operation features 7 distribution centers and 4 call centers with locations in Texas, Tennessee, Canada, Belgium, and the Philippines. In 2007, $2.6 billion in client merchandise was shipped, over 4 million customer contacts were made, and fulfillment center square footage was expanded to over 2.5 million. [1.http://www.pfsweb.com/about_pfsweb.html]

History

PFSweb’s initial public offering was conducted in December 1999. [2. http://www.integratir.com/newsrelease.asp?news=25112&ticker=PFSW&lang=EN&title=null] PFSweb spun off of Daisytek, an office supplies distributor in July of 2000.cite web
url=http://findarticles.com/p/articles/mi_m0EIN/is_2000_June_8/ai_62603212
publisher=BNET Business Network
title=Daisytek and PFSweb Announce Timing for Spin-Off Favorable IRS Tax-Free Ruling Received
date=June 8, 2008] Currently PFSweb operates two subsidiaries in the office supplies distribution segment and online retail market. cite web
url= http://www.reuters.com/finance/stocks/companyProfile?symbol=PFSW.O
publisher=REUTERS
title= PFSweb Inc (Consolidated Issue listed on NASDAQ Capital Market)] Supplies Distributors serves as PFSweb’s master distributor of product for InfoPrint Solutions Company and other clients. PFSweb also operates their wholly owned subsidiary eCOST.com, which they acquired in 2005. cite web
url= http://www.bizjournals.com/memphis/stories/2006/01/23/daily24.html
publisher=Memphis Business Journal
title=PFSweb, eCOST.com merger OKed
date=January 25, 2006]

In June 2008, PFSweb completed a 1-for-4.7 reverse split of its common stock. The split was carried out in order to remain compliant with NASDAQ’s required $1 per share minimum. Details of the split include 4.7 shares of the company's common stock was combined into one share of common stock. cite web
url= http://dallas.bizjournals.com/dallas/stories/2008/06/02/daily6.html
publisher=Dallas Business Journal
title=PFSweb completes reverse stock split
date=June 2, 2008] Two weeks later, PFSweb regained compliance to be listed on the NASDAQ. cite web
url= http://www.istockanalyst.com/article/viewarticle+articleid_2290293~title_PFSweb-Regains.html
publisher= iStockAnalyst Article
title= PFSweb Regains Compliance with NASDAQ Listing Requirements
date=June 16, 2008]

Clients

PFSweb currently serves over 50 brands including LEGO, The Discovery Channel, Roots Canada Ltd., Flavia Beverage Systems, InfoPrint Solutions Company, Xerox, Riverbed Technology, and Hawker Beechcraft. In 2006, PFSweb became the sole provider of order fulfillment for LEGO’s Direct-to-Consumer segment. cite web
url= http://www.bizjournals.com/memphis/stories/2006/12/18/daily26.html
publisher= Memphis Business Journal
title= PFSweb, LEGO ink deal
date=December 20, 2006] In 2008, The Discovery Channel signed with PFSweb for it’s e-Commerce and catalog business. cite web
url= http://www.reuters.com/article/pressRelease/idUS203537+25-Mar-2008+BW20080325
publisher=REUTERS
title= PFSweb to Offer Complete Solution for Discovery Channel's eCommerce and Catalog Business
date=March 25, 2008] Also in 2008, PFSweb announced the launch of an end-to-end solution for Roots Canada Ltd. that features the Demandware eCommerce Platform and integration. [10. http://www.demandware.com/Roots.com%20Re-Platforms%20with%20PFSweb+s%20End-to-End%20Solution/pr_2008_08_12,default,pg.html]

References

External links

* [http://www.pfsweb.com PFSweb Official Website]
* [http://www.ecost.com eCOST.com Official Website]
* [http://usa.roots.com Roots Official Website]