iQvc Launches Sporting Goods Store Through Alliance with Global Sports
Global Sports, Inc. (NASDAQ: GSPT), a leading developer and operator of e-commerce businesses, announced today that it has concluded a definitive agreement with iQVC, the e-commerce division of QVC, to develop and operate a sporting goods store for iQVC. Global Sports and iQVC had previously announced a letter of intent for iQVC’s sporting goods store on September 13, 2000. Global Sports also announced that the new Ready Set Sports store has launched on the iQVC site and features over 16,000 items from approximately 1,000 leading brands. The site features value-added content for the sporting goods consumer, including product comparison capabilities, Buyer’s Guides, and Pro Tips. The fully integrated shopping cart allows consumers to shop from the entire iQVC site, including the new Ready Set Sports store, with a single checkout process.
“We are excited to be working with Global Sports to provide our customers with an extensive selection of sporting goods at iQVC. The Ready Set Sports store complements our already vast online offering,” commented Steve Hamlin, Vice President of Operations for iQVC. He continued, “The integrated services between Global Sports and iQVC allow for a smooth shopping experience for our customers this holiday season.”
Mark Reese, Chief Operating Officer of Global Sports, Inc., commented, “We worked hard with iQVC to launch the Ready Set Sports store in time for this holiday season. Our scalable infrastructure allowed us to develop the Ready Set Sports store for iQVC in the short time frame required and to integrate the site into our existing technology platform. We are delighted to be working with iQVC and to expand our customer reach to include the many dedicated iQVC shoppers.”
About QVC, Inc.
iQVC, the Internet’s #1 General Merchandise retailer (August 2000 Forrester PowerRankings), is the online retailing division of QVC, Inc. QVC, Inc., a $3.3 billion company, is an e-commerce leader, marketing a wide variety of brand name products in such categories as home furnishing, licensed products, fashion, beauty, electronics and fine jewelry. QVC reaches over 75 million homes in the United States. Other divisions/subsidiaries include Q Direct, QVC Publishing, Q Records, QVC Local, QVC ProductWorks and Pioneer Studios. The QVC Studio Tour is located at the company’s world headquarters in West Chester, PA.
About Global Sports
Global Sports, Inc. (NASDAQ: GSPT) (www.globalsports.com) is a leading developer and operator of e-commerce businesses. Global Sports develops and operates the e-commerce sporting goods businesses of specialty retailers, general merchandisers, Internet companies, and media companies under exclusive long-term agreements.
Statements about Global Sports’ outlook and all other statements in this release other than historical facts are forward-looking statements. Since these statements involve risks and uncertainties, they are subject to change at any time and Global Sports actual results may differ materially from expected results. Many Global Sports’ forward-looking statements are based upon certain assumptions, and there are inherent difficulties in predicting certain important factors that could impact these assumptions. These factors, as and when applicable, are discussed in Global Sports’ filings with the SEC.
# # #
Contact:
QVC Contact:
Ellen Rubin
Vice President, Public Relations
(610) 701-1647
erubin@qvc.com
Global Sports Contact:
Dana Stein Grosser
Director of Corporate Communications
(610) 491-7000
grosserd@globalsports.com
