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Unformatted text preview: The New York Times Aug 27, 2007 E-COMMERCE REPORT Late to Web Retailing? There’s Still Money There By BOB TEDESCHI DURING the tech bust, GSI Commerce Inc. was the company that salvaged many operations. Beginning in 2000, as start-ups failed, GSI increased its business by buying distressed online retailers like Fogdog.com and Ashford.com , and running the entire operations more efficiently than the retailers could themselves. Now the business, which makes money by helping companies like Toys “R” Us and Linens ’n Things operate online stores, hopes it can again raise its growth through an acquisition of a different kind. The company, which is based in King of Prussia, Pa., announced this month that it would buy privately held Accretive Commerce, one of GSI’s few big competitors, for $97.5 million in cash. The acquisition should help GSI maintain its position as the leader in this niche, analysts said. But no matter who may be in the lead, just about everyone is doing well, thanks to new investments in e-commerce technologies and services by traditional retailers, like Diane von Furstenberg and Tommy Bahama, and others. “These companies are all experiencing growth, and a lot of it is coming from the late bloomers,” said Sucharita Mulpuru, a retail analyst with Forrester Research . “There are also tons of companies that may have had some semblance of a Web presence who are now building out their e-...
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This note was uploaded on 02/22/2012 for the course CSR 309 taught by Professor Staff during the Fall '08 term at Purdue University.
- Fall '08