GERMANY: adidas To Sell Direct To European Consumers Via The Internet
Ninety products will be offered via the Internet site (www.adidas.com/thestore) for sports including boxing, fencing, table tennis, rowing, wrestling and weightlifting. Developing e-commerce is a key element of the adidas' comprehensive Internet strategy, in which co-operation with retail partners plays an especially important role.
"Having a solid and reliable physical infrastructure is very important to us," stated Dietmar Jobst, managing director of adidas International Trading BV. "When we decided to create an online store, we needed to find a partner who could assist us in our endeavor and complement our business. We chose PFSweb because of their comprehensive and integrated solution, high quality service, and sophisticated technology infrastructure.
"By using PFSweb, we were able to gain quick access to the e-commerce market with less capital investment than it would have required on our own."
PFSweb will provide services and physical infrastructure to adidas from its European headquarters and distribution center in Liege, Belgium.
"Starting an online store can be incredibly time consuming and cash intensive for many companies because of the mechanics required to create a complete working and functional store," said Mark C Layton, president and CEO of PFSweb. "Leveraging our economies of scale enables us to provide a cost effective, quick solution to clients."
"We are extremely excited to be aligning with adidas. The adidas brand is recognized worldwide and we believe that this will allow them to be a lasting player in e-tailing in the future. Strategically, expanding our European operations is a key success factor for us as we establish market share in a region that is experiencing significant e-commerce growth," added Layton.
About PFSweb, Inc.
When many of the world's brand names need proven, fast, and secure business infrastructure to enable traditional and e-commerce strategies, they choose PFSweb for comprehensive outsourcing solutions. Its team of experts design diverse solutions for clients around a flexible core business infrastructure. PFSweb provides solutions that include: e-marketplace order management, web enabled customer service centers, customer lifecycle management, international distribution centers, billing and collection services, and ERP information interfacing.
PFSweb, Inc, a subsidiary of Daisytek International Corporation (Nasdaq:DZTK), completed an IPO in December 1999. PFSweb continues to be owned 80 per cent by Daisytek. Daisytek has announced that it plans to complete a spin-off of its remaining ownership of PFSweb in July 2000.
About adidas International Trading BV
adidas International Trading BV is a 100% daughter company of adidas-Salomon AG (DAX:ADSG), which has its headquarters in Herzogenaurach, Germany. adidas International Trading BV, operating out of Amsterdam, The Netherlands, supports the profitability of adidas Europe through the development of an integrated European logistics organization that is responsible for the European supply chain, that supports future growth and optimizes performance & costs while being an integral part of the global supply chain.
The matters discussed in this news release and, in particular, information regarding future revenue, earnings and business plans and goals, consist of forward-looking information under the Private Securities Litigation Reform Act of 1995 and are subject to and involve risks and uncertainties which could cause actual results to differ materially from the forward-looking information. These risks and uncertainties include, but are not limited to, our reliance on the fees generated by the transaction volume or product sales of our clients; the impact of strategic alliances; trends in the market for our services; trends in e-commerce; whether we can continue and manage growth; changes in the trend toward outsourcing; increased competition; effects of changes in profit margins; the unknown effects of possible system failures and rapid changes in technology; trends in government regulation; and our relationship with and separation from Daisytek. A description of these factors, as well as other factors, which could affect the Company's business, is set forth in the Company's Prospectus dated December 2, 1999 and Form 10-Q for the period ended December 31, 1999.
This news release and more information about PFSweb are available at www.pfsweb.com. PFSweb is a registered trademark. Daisytek is a registered trademark of Daisytek, Incorporated. All rights reserved.
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