PFSweb, Inc., together with its subsidiaries, provides omni-channel commerce solutions in the United States, Belgium, Bulgaria, the United Kingdom, Canada, and India. It operates in two segments, PFS Operations and LiveArea Professional Services. The PFS Operations segment offers order to cash service, which provides distributed order orchestration and payment processing; order fulfillment services; contact center services that are focused on providing essential services, such as order entry, returns authorization, product inquiry, and order tracking, as well as iCommerce Agent, a customizable web-based application for accessing required customer information. The LiveArea Professional Services offers NXT Intelligence, a collection of purpose-built solutions, which allow clients to assess opportunities across technology, innovation, and brand experience areas; service design, a business transformation service; product innovation services; and connected commerce services. This segment also provides performance marketing services, including search engine optimization, data analytics, conversion rate optimization, digital marketing, paid media, and email marketing; and orchestrated services that evaluate the right digital transformation strategies, mitigate workloads, manage infrastructure and backup, and secure data and applications. It serves clients in various industries, such as fashion apparel and accessories, fragrance and beauty products, health, luxury goods, cosmetics, consumer packaged goods, home furnishings and housewares, coins and collectibles, jewelry, consumer electronics, quick-serve restaurants, telecommunications, computer and office products, technology manufacturing, and other industries. PFSweb, Inc. was founded in 1994 and is headquartered in Allen, Texas.
IPO Year: 1999
Exchange: NASDAQ
Website: pfsweb.com
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Needham reiterated coverage of PFSweb with a rating of Buy and set a new price target of $8.00 from $10.00 previously
ALLEN, Texas, July 27, 2021 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW), a global commerce services company, held its Annual Meeting of Stockholders today, July 27, 2021 in Allen, Texas. All Company proposals were approved by the Company's stockholders, including: the election of seven directors; compensation of the Company's named executive officers on a non-binding, advisory basis; an amendment to the 2020 Stock and Incentive Plan to increase the number of shares of Common Stock issuable thereunder by 1,000,000 shares; an amendment to the Rights Agreement with Computershare Shareowner Services, LLC; and the appointment of BDO USA, LLP as the Company's independent auditors for the fis
NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- LiveArea, a global customer experience and commerce agency, and business unit of PFSweb (NASDAQ: PFSW), today announced the appointment of Rashmi Sethi as Group Creative Director and head of the company’s newly incubated Innovation Lab and Creative Studio. The facility will centralize the company’s global work designing and building prototypes and accelerators for global clients. Sethi brings to LiveArea more than 20 years of experience working in innovation, experience design, and digital business transformation. She has a multi-disciplinary background in economics, science, and statistics, and is a practitioner of design thinking. She has le
- GXO Logistics to Acquire All Outstanding PFSweb Shares for $7.50 Per Share, Representing a 58% Premium to PFSW's 20-Day VWAP - - Transaction Expected to be Completed in the Fourth Quarter of 2023 - IRVING, Texas, Sept. 14, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company" or "PFSweb") has entered into an Agreement and Plan of Merger to be acquired by GXO Logistics, Inc. (NYSE:GXO) ("GXO"), the world's largest pure-play contract logistics provider, for an equity value of approximately $181 million. The transaction is expected to close in the fourth quarter of 2023. The merger agreement provides for GXO, through a subsidiary, to commence a tender offer to acquire
IRVING, Texas, Aug. 01, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company"), a premier eCommerce order fulfillment provider, will hold a conference call on Tuesday, August 8, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The results will be reported in a press release prior to the conference call. PFSweb management will host the conference call, followed by a question-and-answer period. Date: Tuesday, August 8, 2023Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)Registration Link: https://register.vevent.com/register/BIb20bcf14cc76474b842c7ddc0f9cc909 Please call the conference telephone number 5-10 minut
eCommerce Fulfillment and Luxury Brand Demand Drive Service Fee Revenue Growth and Sales Booking Momentum, Building Upon Record 2022 Performance Recorded Strongest Q1 Fulfillment Activity Levels in Company History Reiterating Full Year 2023 Guidance of 5% to 10% Annual Service Fee Revenue Growth IRVING, Texas, May 09, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company") is reporting results for the first quarter ended March 31, 2023. "In the first quarter, we carried on the momentum from our record performance in 2022, with solid service fee revenue growth and continued strong sales booking activity," said Mike Willoughby, CEO of PFSweb. "Our se
IRVING, Texas, May 01, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company"), a premier eCommerce order fulfillment provider, will hold a conference call on Tuesday, May 9, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023. The results will be reported in a press release prior to the conference call. PFSweb management will host the conference call, followed by a question-and-answer period. Date: Tuesday, May 9, 2023Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)Registration Link: https://register.vevent.com/register/BI040f7e898f3948a695c87eaa18b29952 Please call the conference telephone number 5-10 minutes prio
IRVING, Texas, March 20, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company"), a premier eCommerce order fulfillment provider, announced that its board of directors has authorized a share repurchase program, under which the Company may purchase up to an aggregate of 1,000,000 shares of its common stock. The program will be in place for up to two years. Subject to applicable rules and regulations, the shares may be purchased from time to time in the open market or in privately negotiated transactions. The share repurchase program will be conducted in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Such purchases will be at times and in amou
Demonstrates Strong 2022 Results and Continued Momentum Into 2023, Backed by Record Annual Sales Bookings and Order Fulfillment Performance Full Year 2023 Guidance of Annual Service Fee Revenue Growth of 5% to 10% IRVING, Texas, March 14, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company") is reporting results for the fourth quarter and full year ended December 31, 2022. "2022 was a strong year for PFS as we leveraged ongoing tailwinds in the eCommerce industry," said Mike Willoughby, CEO of PFSweb. "Across our core verticals, our client brands focusing on premium and luxury goods proved resilient by delivering strong holiday order volumes. These tailwinds and our cust
IRVING, Texas, March 07, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company"), a premier eCommerce order fulfillment provider, will hold a conference call on Tuesday, March 14, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The results will be reported in a press release prior to the conference call. PFSweb management will host the conference call, followed by a question-and-answer period. Date: Tuesday, March 14, 2023Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)Registration Link: https://register.vevent.com/register/BI43b5a161ecc14398b02f1461c50d99f0 Please call the conference telephon
IRVING, Texas, Nov. 11, 2022 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company") today announced that, in connection with the Company's recently announced special cash dividend of $4.50 per share (the "Special Dividend"), Nasdaq has determined that the ex-dividend date for the Special Dividend will be December 16, 2022 (the "Ex-Dividend Date") in lieu of the November 30, 2022 date previously announced by the Company. Since the payment of the Special Dividend represents more than 25% of the stock price on the declaration date of November 9, 2022, Nasdaq has determined that the Company's shares will trade with "due bills" representing an assignment of the right to receive the Spe
Record Q3 2022 and Year-to-Date PFS Sales Bookings Highlight Strong Momentum Ahead of Holiday Peak Season Company Announces a $4.50 Per Share Special Dividend to Return Significant Capital to Shareholders from the LiveArea Divestiture Substantial Completion of Corporate Restructuring Plan Expected by Year-End 2022, Resulting in Significant Expected Cost Savings for Fiscal Year 2023 Mike Willoughby to Become Executive Director of the Board to Focus on Completion of Strategic Alternatives Process and Transition of CEO Role to Zach Thomann in 2023 IRVING, Texas, Nov. 09, 2022 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company"), a global commerce services company, today reporte
ALLEN, Texas, Nov. 02, 2022 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company"), a global commerce services company, will hold a conference call on Wednesday, November 9, 2022 at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2022. The results will be reported in a press release prior to the conference call. PFSweb management will host the conference call, followed by a question-and-answer period. Date: Wednesday, November 9, 2022Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)Registration Link: https://register.vevent.com/register/BIc53322fdfc41498b9c141013da43c78e Please call the conference telephone number 5-10 minute
NEW YORK, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Hostess Brands, Inc. (NASDAQ:TWNK) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of TWNK to The J.M. Smucker Company for $30.00 in cash and 0.03002 shares of The J.M. Smucker Company common stock for each share of TWNK common stock owned. If you are a TWNK investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Avantax, Inc. (NASDAQ:AVTA) Lifshitz Law PLLC announces an investigation int
- GXO Logistics to Acquire All Outstanding PFSweb Shares for $7.50 Per Share, Representing a 58% Premium to PFSW's 20-Day VWAP - - Transaction Expected to be Completed in the Fourth Quarter of 2023 - IRVING, Texas, Sept. 14, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company" or "PFSweb") has entered into an Agreement and Plan of Merger to be acquired by GXO Logistics, Inc. (NYSE:GXO) ("GXO"), the world's largest pure-play contract logistics provider, for an equity value of approximately $181 million. The transaction is expected to close in the fourth quarter of 2023. The merger agreement provides for GXO, through a subsidiary, to commence a tender offer to acquire
Acquisition of leading U.S.-based eCommerce order fulfillment platform expands GXO's presence in North America, increases exposure to compelling, high-growth verticals and adds key service capabilities. Transaction expected to close in fourth quarter 2023. GREENWICH, Conn., Sept. 14, 2023 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, and PFSweb, Inc. (NASDAQ:PFSW), a premier, tech-enabled eCommerce order fulfillment platform based in the United States, today announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value
IRVING, Texas, Aug. 29, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company") held its Annual Meeting of Stockholders today, August 29, 2023, in Irving, Texas. All Company proposals were approved by the Company's stockholders, including: the election of six directors; compensation of the Company's named executive officers on a non-binding, advisory basis; an amendment to the Rights Agreement with Computershare Inc.; an amendment to the Company's 2020 Stock and Incentive Plan to increase the number of shares of Common Stock issuable thereunder by 2,500,000 shares; the approval of Whitley Penn, LLP as the Company's independent auditors for the fiscal year ended December 31, 20
IRVING, Texas, Aug. 01, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company"), a premier eCommerce order fulfillment provider, will hold a conference call on Tuesday, August 8, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The results will be reported in a press release prior to the conference call. PFSweb management will host the conference call, followed by a question-and-answer period. Date: Tuesday, August 8, 2023Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)Registration Link: https://register.vevent.com/register/BIb20bcf14cc76474b842c7ddc0f9cc909 Please call the conference telephone number 5-10 minut
IRVING, Texas, June 21, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW), a premier eCommerce order fulfillment provider, announced today the closing of a $25 million asset-based secured lending agreement with Texas Capital Bank, the lending affiliate of Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Under the credit agreement, and subject to the terms set forth therein, the lenders have agreed to provide Priority Fulfillment Services, Inc., a subsidiary of PFSweb, Inc., with a $25 million revolving loan facility for a period of five years. Availability under the credit facility may not exceed a borrowing base of 85% of eligible accounts receivable, as defined in the agreement, minus ce
IRVING, Texas, June 15, 2023 (GLOBE NEWSWIRE) -- PFS (NASDAQ:PFSW), a premier eCommerce order fulfillment provider, announces it has launched a global order fulfillment solution for Kosas Cosmetics (Kosas) from the United States. Kosas creates clean makeup for skincare freaks. The brand produces award-winning, skin-improving products with a mission to evolve beauty's mindset towards revealing, expressing, and feeling comfy in your skin. Launched in 2015, the indie darling is one of the fastest growing prestige brands in the US. PFS is providing international direct-to-consumer (DTC) order fulfillment to Kosas' eCommerce customers and business-to-business (B2B) retail partners. In additio
Presentation on June 6th at 10:00 a.m. Pacific TimeIrving, Texas--(Newsfile Corp. - May 31, 2023) - PFSweb, Inc. (NASDAQ:PFSW), a premier eCommerce order fulfillment provider, announced today that it will be presenting at the 13th Annual LD Micro Invitational, which is being held at the Luxe Sunset Boulevard Hotel, California from June 6th-8th, 2023. The event is expected to feature 150+ companies, presenting in half-hour increments, as well as private 1:1 meetings.PFSweb is scheduled to present on Tuesday, June 6th at 10:00 a.m. Pacific Time. Zach Thomann, Chief Operating Officer and PFS President, and Tom Madden, Chief Financial Officer, will be leading the presentation.We invite intereste
eCommerce Fulfillment and Luxury Brand Demand Drive Service Fee Revenue Growth and Sales Booking Momentum, Building Upon Record 2022 Performance Recorded Strongest Q1 Fulfillment Activity Levels in Company History Reiterating Full Year 2023 Guidance of 5% to 10% Annual Service Fee Revenue Growth IRVING, Texas, May 09, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ:PFSW) (the "Company") is reporting results for the first quarter ended March 31, 2023. "In the first quarter, we carried on the momentum from our record performance in 2022, with solid service fee revenue growth and continued strong sales booking activity," said Mike Willoughby, CEO of PFSweb. "Our se
IRVING, Texas, May 04, 2023 (GLOBE NEWSWIRE) -- PFS (NASDAQ:PFSW) (the "Company"), a premier eCommerce order fulfillment provider, has entered into an agreement for lease for a new fulfillment center in Fareham, England. The Company is poised to continue expanding in the United Kingdom (UK) as it looks to capture growing demand for eCommerce order fulfillment services in the region. Amid various supply chain network disruptions stemming from the UK's separation from the European Union, many European clients and prospects have sought risk-mitigating strategies with in-country order fulfillment in the UK. In addition, clients in PFS' existing Southampton fulfillment center experienced stron