Casual, Comfortable, and Customized: GSI Commerce Partners with Casual Male Retail Group to Develop Web Stores in Europe
GSI to Launch E-Commerce Solutions for Two Brands in Six Countries During 2008
KING OF PRUSSIA, Pa., and BARCELONA, Spain – Dec. 5, 2007 – GSI Commerce Inc. (Nasdaq: GSIC), a leading provider of e-commerce solutions, today announced a new partnership with the Casual Male Retail Group Inc. (Nasdaq: CMRG) to design, develop and operate the online stores for both the Casual Male XL and Rochester Big & Tall brands in six European countries. The Web stores are scheduled to launch during the fourth quarter of fiscal 2008 in the U.K., Germany, France, Italy, Spain and the Netherlands.
Under the agreement, GSI will provide an e-commerce solution that includes Web store design, Web technology, order processing, fulfillment and call center services for each Web store. Each online store will be tailored to the specific European country in which it operates and GSI will localize country-specific components of the solution, such as online payment processing, content translation and customer services.
“GSI Commerce has the European e-commerce expertise and the complete end-to-end e-commerce solution that will allow us to enter key new European markets and expand our presence beyond the U.K. Our Rochester London store is a very significant store and GSI will allow us to quickly establish operations across several other European countries,” said Dennis Hernreich, executive vice president, CFO and COO of Casual Male Retail Group. “With GSI Commerce as our online partner, we can focus on merchandising and marketing while they deliver and manage localized operations. By capitalizing on our position as the leading retailer of big & tall men’s apparel in the North America, we can introduce Europeans to our brands through our new online stores.”
“While language and currency customization for each country in Europe are obvious examples of what is required of an e-commerce platform, different methods of payment highlight the need for an e-commerce platform to tailor the customer’s e-commerce experience to country specific consumer behaviors. Simply taking a one-size-fits-all approach to the European market is not a viable solution,” said Steven C. Davis, president and managing director of GSI Commerce Solutions International S.L. “The partnership announced today represents a commitment to deliver a high-level of customization while delivering a complete end-to-end e-commerce solution for our global partners.”
To learn more about Casual Male Retail Group, please visit www.casualmalexl.com
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About Casual Male Retail Group
Casual Male Retail Group, Inc., the largest retailer of big and tall men’s apparel with retail operations throughout the United States, Canada and London, England, operates 471 Casual Male XL retail and outlet stores, 26 Rochester Big & Tall stores, and a direct-to-consumer business which includes several catalogs and e-commerce sites. The company is headquartered in Canton, Massachusetts, and its common stock is listed on the Nasdaq Global Market under the symbol “CMRG.”
About GSI Commerce
GSI Commerce® is a leading provider of e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. We provide solutions for our partners through our integrated e-commerce platform, which is comprised of four components: technology, customer care, fulfillment and marketing services. We provide e-commerce solutions for approximately 85 partners. The company has trailing 12-month net revenues of $672 million for the period ended Sept. 29, 2007.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements to be made during the presentation, including those in the tape recording, live audio and live Webcast of the presentation, other than statements of historical fact, are or will be forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
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