Sports Authority Extends Long-Term E-Commerce Partnership with GSI Commerce
National sporting goods chain will continue online success through extension
KING OF PRUSSIA, Pa. – March 13, 2007 – The Sports Authority Inc., one of the largest, national full-line sporting goods chains, and GSI Commerce Inc. (NASDAQ: GSIC), a leading provider of e-commerce solutions, today announced a 10-year extension to their existing long-term e-commerce agreement. Services GSI provides include Web and order processing technologies, fulfillment, customer care operations, and comprehensive design and interactive services including selected paid search and affiliate marketing services.
“Adding 10 years to our existing contract is recognition of GSI’s ability to continue to stay ahead of industry trends,” said Doug Morton, CEO for Sports Authority. “Sports Authority’s online business has continued to grow since we started as one of GSI’s first partners.”
Since launching, GSI integrated four separate companies that came together as a result of a merger under the nationally recognized Sports Authority (www.sportsauthority.com) brand.
“It’s truly been a rewarding collaboration with Sports Authority – from creating the brand’s online presence as one of our first partners in 1999 to the significant expansion of influence the chain currently has in the sporting goods industry,” said Bob Liewald, executive vice president of merchandising for GSI Commerce. “We’ve continually worked together and strengthened the merchandise offering as well as inclusion of private label items to its already robust assortment.”
About Sports Authority
The Sports Authority Inc. is headquartered in Englewood, Colorado. It operates approximately 400 stores in 45 states under “Sports Authority” name. The Sports Authority Inc.’s e-tailing website, located at sportsauthority.com is operated by GSI Commerce Inc. under license and e-commerce agreements.
About GSI Commerce
GSI Commerce is a leading provider of e-commerce solutions that enables 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 approximately 60 partners.
Forward-Looking Statements
All statements made in this release, other than statements of historical fact, are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “should,” “guidance,” “potential,” “continue,” “project,” “forecast,” “confident,” “prospects,” “schedule” and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of GSI Commerce. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect GSI Commerce’s business, financial condition and operating results include the effects of changes in the economy, consumer spending, the financial markets and the industries in which GSI Commerce and its partners operate, changes affecting the Internet and e-commerce, the ability of GSI Commerce to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment, extension or termination of its relationships with strategic partners, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology, confidential and proprietary information, and product and service offerings and execute operationally, the ability of GSI Commerce to attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, the performance of acquired businesses and the impact of SFAS 123(R). More 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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Corporate Marketing
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