Linens ’n Things Extends Long-Term E-Commerce Partnership with GSI Commerce
Leading Specialty Retailer Continues Focus on Multi-channel Strategy
KING OF PRUSSIA, Pa. and CLIFTON, N.J. – July 23, 2007 – Linens ’n Things, Inc., a leading home furnishings specialty retailer and GSI Commerce Inc. (Nasdaq: GSIC), a leading provider of e-commerce solutions, today announced a multi-year extension to their existing long-term e-commerce agreement. GSI will continue to provide Linens ’n Things’ online business www.lnt.com by delivering full-service, direct-to-consumer e-commerce solutions, including Web technologies, fulfillment, customer care operations, and comprehensive design and interactive marketing services.
Working with GSI, Linens ’n Things has launched and enhanced multiple, successful multi-channel initiatives, including in-store pick up and an in-store associate ordering system that provides guests with expanded merchandise choices. The Company has also expanded its online gift registry capabilities, offered product personalization to customers and launched a Canadian online store. Linens ’n Things uses GSI Interactive for interactive marketing services that include search, affiliate management, e-mail, advertising with comparison shopping engines and Web design.
“Since partnering with GSI in 2003, Linens ’n Things has experienced tremendous growth in its online business, more than doubling the sales generated from its online store,” said Robert Homler, Executive Vice President Merchandising. “Partnering with GSI has helped us grow our business while simultaneously providing our guests with a multi-channel shopping experience reflective of our brand. We have seen significant development and growth across our business, including management of our gift registry, in-store pick up and search capabilities. We look forward to continuing to leverage GSI’s expertise and the strength and flexibility of their integrated technology platform and interactive marketing services.”
“Working with Linens ’n Things has been exciting and rewarding for GSI,” said Scott Hardy, GSI Executive Vice President of Business Management. “They are progressive in their approach to multi-channel retailing and are dedicated to identifying innovative ways to improve their guests’ experiences. We welcome the opportunity to continue partnering with them to reach their goals.”
About Linens ’n Things
Linens ’n Things, with 2006 sales of approximately $2.8 billion, is one of the leading, national large format retailers of home textiles, housewares and home accessories. As of March 31, 2007, Linens ’n Things operated 573 stores in 47 states and six provinces across the United States and Canada. More information about Linens ’n Things can be found online at www.lnt.com.
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 three components: technology, logistics and customer care, and marketing services. We provide e-commerce solutions for more than 60 partners.
Forward-Looking Statements
All statements made in this release, other than statements of historical fact, are 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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