eCOST.com Kicks Off the Online Holiday Shopping Season with Strong Business-to-Consumer Web Traffic & Sales During Black Frid...
December 04 2008 - 11:43AM
Business Wire
eCOST.com, a wholly owned subsidiary of PFSweb, Inc. (Nasdaq:
PFSW), and a leading multi-category online discount retailer of
brand-name technology, consumer electronics, housewares and office
products, announced today that it experienced strong demand in its
business-to-consumer segment, as measured by shipped revenue and
total unique web site visitors, during the Thanksgiving Holiday
weekend to kickoff the 2008 Holiday shopping season. From November
28 through December 2, eCOST.com shipped revenue in its
business-to-consumer segment increased 35% compared with the same
Thanksgiving Holiday period last year. While product demand was
widespread, consumers flocked to High Definition LCD TV�s, Notebook
Computers and the Nintendo� Wii�. Total visitors to the site on
November 28 through December 2 increased 63% over the prior year
period. �We are pleased with eCOST.com�s strong start to the 2008
Holiday shopping season,� stated Gary Guy, President of eCOST.com.
�We are excited about our new �Outrageous Offer� promotion, which
we believe has resonated with our customer base and helped increase
traffic to our site this Black Friday/Cyber Monday weekend. The
limited quantity �Outrageous Offer� deals, designated by a special
icon within Bargain Countdown�, are offered at random throughout
the day. These holiday deals have included a Nintendo� Wii� gaming
system for $99, a Nintendo� Wii� Fit with Wii� Balance Board for
$49 and a $199 Recertified Dell Laptop computer. These items, along
with our hundreds of additional offers, allow customers to shop for
the Holiday season without feeling as though they are breaking the
bank.� Guy continued, �We remain optimistic going into this holiday
season and will continue to offer our customers the best deals and
the lowest prices for the hottest products. The increased traffic
to eCOST.com is a testament to the many great offers available on
brand name merchandise as well as the web site enhancements
implemented during the past several months. These improvements
included enhanced Bargain Countdown� features, richer shopping cart
and checkout functionality and new product categories enabling us
to market over 70,000 new products this year.� About PFSweb, Inc.
PFSweb develops and deploys integrated business infrastructure
solutions and fulfillment services for Fortune 1000, Global 2000
and brand name companies, including third party logistics, call
center support and e-commerce services. The company serves a
multitude of industries and company types, including such clients
as LEGO, Discovery Commerce, Riverbed, Hewlett-Packard,
International Business Machines, Hawker Beechcraft Corp., Rene
Furterer USA, Roots Canada Ltd. and Xerox. Through its wholly owned
eCOST.com subsidiary, PFSweb also serves as a leading
multi-category online discount retailer of high-quality new,
"close-out" and manufacturer recertified brand-name merchandise for
consumers and small to medium size business buyers. The eCOST.com
brand markets approximately 200,000 different products from leading
manufacturers such as Sony, Hewlett-Packard, Onkyo, Denon, JVC,
Canon, Nikon, Panasonic, Toshiba, Microsoft, Dyson, Kitchen Aid,
Braun, Black & Decker, Cuisinart, Coleman, and Citizen
primarily over the Internet and through direct marketing. To find
out more about PFSweb, Inc. (NASDAQ: PFSW), visit the company's
websites at http://www.pfsweb.com and http://www.ecost.com. The
matters discussed herein�include forward-looking information under
the Private Securities Litigation Reform Act of 1995, which is
subject to and involves risks and uncertainties, which could cause
actual results to differ materially from the forward-looking
information. PFSweb's Annual Report on Form 10-K for the year ended
December 31, 2007 and Form 10-Q for the quarter ended September 30,
2008 identify certain factors that could cause actual results to
differ materially from those projected in any forward looking
statements made and investors are advised to review the Annual and
Quarterly Reports and the Risk Factors described therein. These
Risk Factors include the risk of contract terminations. PFSweb
undertakes no obligation to update publicly any forward-looking
statement for any reason, even if new information becomes available
or other events occur in the future. There may be additional risks
that we do not currently view as material or that are not presently
known.
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