PFSweb, Inc. to be Acquired by GXO Logistics, Inc. - 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 transactio...
PFSweb Announces Results of 2023 Annual Meeting of Stockholders 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...
PFSweb Reports Strong Second Quarter 2023 Results Service Fee Revenue Growth Driven by Ongoing Fulfillment Demand Strength in Core Verticals Second Quarter Bookings Set New PFS Record Raising Full Year 2023 Annual Service Fee Revenue Growth Guidance to a Range of 8% to 13% IRVING, Texas, Aug. 08, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the "Company") is reporting results for the second quarter ended June 30, 2023. “We continued to support strong growth in our fulfillment services and sales bookings during the second quarter,” said Mike Willoughby, CEO of PFSweb....
PFSweb Sets Second Quarter 2023 Conference Call for Tuesday, August 8 at 5:00 p.m. ET 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: 5:0...
PFSweb Announces Closing of $25 Million Asset-Based Lending Agreement 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 f...
PFSweb Reports First Quarter 2023 Results 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 per...
PFS Continues Expansion in the United Kingdom Opening New Fulfillment Center in England in Response to Strong Demand for UK Order Fulfillment Services and Organic Growth Among Existing Clients 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...
PFSweb Sets First Quarter 2023 Conference Call for Tuesday, May 9 at 5:00 p.m. ET 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. East...
Two Directors at Pfsweb Inc bought 52,250 shares at between 4.200USD and 4.220USD. The significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
PFSweb Announces Authorization of Share Repurchase Program 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 rep...
PFSweb to Present at the Sidoti Small-Cap Conference on March 23 IRVING, Texas, March 16, 2023 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the “Company”), a premier eCommerce order fulfillment provider, is scheduled to participate in the Sidoti Small-Cap Conference, which is being held virtually from March 22-23, 2023. PFSweb management is scheduled to present on Thursday, March 23 at 3:15 p.m. Eastern time. The presentation will be webcast live and available for replay and on the Company’s investor relations page . To receive additional information, request an invitation or sched...
PFSweb Reports Strong Fourth Quarter and Full Year 2022 Results 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. “Acr...
PFSweb Sets Fourth Quarter and Full Year 2022 Conference Call for Tuesday, March 14 at 5:00 p.m. ET 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:...
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