GSI Commerce
From Wikipedia, the free encyclopedia
| GSI Commerce | |
|---|---|
 |
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| Type | Public (NASDAQ:GSIC) |
| Founded | 1995 |
| Headquarters | King of Prussia, Pennsylvania, United States 935 First Avenue |
| Key people | Michael Rubin, CEO/founder |
| Industry | e-Commerce outsourcing |
| Employees | 2,521[1] |
| Website | http://gsicommerce.com |
GSI Commerce is an e-commerce company specializing in creating, developing and running online shopping sites for brick and mortar retail companies that wish to have an online presence. It contracts with companies such as Zales,[2] iRobot,[3] Hershey's, Palm Inc.,[4] HBO,[5] Timberland, Linens 'N Things, Ace Hardware, Sports Authority, Dick's Sporting Goods, RadioShack,[6] and Toys "R" Us.[7][8]
Originally founded by Michael Rubin in 1995 as Global Sports Incorporated, the company focused on selling sporting goods and supplies.[5] In 1999 it branched out into clothing and a variety of other categories and changed its name to GSI Commerce in 2002.[9] Toys"R"Us, one of GSI's largest e-commerce partners, chose GSI after suing Amazon.com for breach of its exclusivity contract.[6] In October 2000, GSI acquired FogDog.com, an online sporting goods store. [1] In August 2007, GSI acquired Accretive e-Commerce, a company with a similar business model, for $97.5 million.[10]
[edit] References
- ^ Yahoo! Finance: GSI Commerce
- ^ PR Newswire: Gordon's Jewelers Launches Its First Webstore with E-Commerce Solution Partner GSI Commerce May 11, 2007
- ^ PR Newswire: iRobot Selects GSI Commerce for its E-Commerce Solution
- ^ Reuters: GSI Corporation key developments
- ^ a b Forbes: America's Youngest CEOs July 6, 2006.
- ^ a b E-Commerce Times: Toys 'R' Us wins right to end amazon partnership., March 3, 2006
- ^ The Record: Toys has new Web partners
- ^ The Wall Street Journal: Toys 'R' Us Selects Web Sales Partners To Replace Amazon. May 25, 2006.
- ^ A Brief History of GSI Commerce. GSI Commerce. Retrieved on 2007-05-13.
- ^ Tedeschi, Bob. "Late to Web Retailing? There’s Still Money There". New York Times: August 27, 2007.
