Welcome to our dedicated page for PFSweb news (Ticker: PFSW), a resource for investors and traders seeking the latest updates and insights on PFSweb stock.
PFSweb, Inc. (NASDAQ: PFSW) is a leading provider in the eCommerce order fulfillment industry. Headquartered in Irving, TX, PFSweb facilitates comprehensive commerce operations, including transaction management, order fulfillment, and customer satisfaction for major brands and retailers. The company operates through its business unit, PFS, which is renowned for its personalized services and scalable solutions tailored for Direct-to-Consumer (DTC) and Business-to-Business (B2B) retail brands.
Specializing in sectors such as health & beauty, fashion & apparel, jewelry, and consumer packaged goods, PFSweb has established a robust presence in the market over the past two decades. The company supports its clients with customized pick/pack/ship services, ensuring brand ethos is maintained with each order. Their proven order management platform, augmented by high-touch customer care, enhances operational efficiency and customer satisfaction.
PFSweb has partnered with some of the world's most recognizable brands, including L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, and the United States Mint. These strategic partnerships underscore the company's capability to handle large-scale, brand-centric operations.
In recent news, PFSweb has entered into an Agreement and Plan of Merger with GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, valuing PFSweb at approximately $181 million. The transaction, expected to close in the fourth quarter of 2023, will see PFSweb become a division within GXO, enhancing its logistical capabilities and market reach.
Financially, PFSweb reported results for the second quarter ended June 30, 2023, and continues to demonstrate solid performance. The company’s ongoing projects and future endeavors are set to further solidify its position as a leader in the eCommerce fulfillment industry. For more detailed information, visit www.pfscommerce.com or ir.pfsweb.com.
PFSweb (NASDAQ: PFSW), a global commerce services provider, will present at the 2020 MicroCap Rodeo Best Ideas Bowl investor conference from October 13-16, 2020. Management is scheduled to speak on October 13 at 11:00 a.m. Eastern Time, with additional virtual one-on-one meetings planned throughout the event. The presentation will be streamed live and available for replay through the company’s investor relations website. PFSweb specializes in enhancing online shopping experiences for brands like Procter & Gamble and L’Oréal USA.
PFSweb (NASDAQ: PFSW) is expanding its global fulfillment network by opening a new distribution center in Liège, Belgium, bringing its total to nine facilities worldwide. This strategic site enhances daily output capacity in mainland Europe ahead of the peak holiday season, facilitating faster deliveries to the Netherlands and Germany. The facility is designed to support clients during the anticipated eCommerce growth as the pandemic continues. The first client is expected to go live in Q4 2020, ensuring PFSweb can meet rising demand while maintaining employee safety.
PFSweb (NASDAQ: PFSW), a global commerce services company, is set to participate in three financial conferences this September 2020. They will present at the LD Micro 500 Conference on September 4 at 9:40 am ET and the 9th Annual Gateway Conference on September 9 at 4:00 pm ET, both available via webcast. Additionally, PFSweb will attend the Lake Street 4th Annual Best Ideas Growth Conference for a virtual 1x1 meeting on September 17. For more details, contact their investor relations team.
PFSweb (NASDAQ: PFSW), a global commerce services firm, is set to participate in several financial conferences in September 2020. The events include:
- LD Micro 500 Conference: September 4 at 9:40am ET
- 9th Annual Gateway Conference: September 9 at 4:00pm ET
- Lake Street 4th Annual BIG4 Conference: September 17, virtual 1x1 meetings
For more details, interested parties can contact PFSweb's investor relations team.
PFSweb, Inc. reported strong financial results for Q2 2020, with total revenues increasing by 20% to $82.4 million compared to Q2 2019. Service fee equivalent (SFE) revenue rose 23% to $62.3 million, while adjusted EBITDA more than doubled to $7.2 million. Despite a flat net loss of $1.0 million, the company anticipates a 9% to 12% growth in SFE revenue for 2020, driven by heightened eCommerce demand amid COVID-19. Management cites record fulfillment volumes and a strong pipeline as key drivers for future success.
PFSweb, Inc. (NASDAQ: PFSW) has announced the opening of a new fulfillment distribution center in Irving, TX, increasing its North American operations to six facilities. This expansion responds to heightened eCommerce demand due to the pandemic, enabling the company to better serve clients and increase order fulfillment capacities. Approximately 300 jobs will be created at the new location, strategically near Dallas/Fort Worth International Airport. The first client is expected to begin operations in Q3 2020. This facility allows for improved collaboration between IT and innovation teams.
PFSweb, a global commerce services company, will hold a conference call on August 7, 2020, at 8:30 a.m. Eastern time to discuss its financial results for Q2 ended June 30, 2020. The results will be released prior to the call. Participants can dial in using toll-free or international numbers, and a replay will be available after the call until August 21, 2020.
PFSweb specializes in managing online customer experiences for Fortune 500 companies, offering services in strategy consulting, order fulfillment, and digital marketing.
PFSweb's recent consumer survey, conducted with Arlington Research, indicates significant shifts in online shopping habits due to the pandemic. Notable findings include that 75% of millennials purchased goods online that they hadn't considered before. Over half of consumers (56%) made purchases in the Groceries & Household category, while only under 50% engaged in other categories. Millennials and Gen Z notably increased their grocery purchases, contrasting with only 28% of older generations doing the same. The study highlights the importance for brands to tailor their offerings to diverse consumer demographics.
PFSweb, Inc. (NASDAQ: PFSW) held its Annual Meeting of Stockholders on June 30, 2020, in Allen, Texas, where all corporate proposals were approved. This included the election of eight directors and the 2020 Stock and Incentive Plan. Additionally, PFSweb was added to the Russell 3000® Index, effective June 29, 2020, reflecting its execution and aim for growth. This inclusion provides greater visibility within the investment community and may benefit both new and existing investors.
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