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Stock Market & Financial Investment News

News Breaks
January 14, 2013
09:54 EDTPFSWMarxe and Greenhouse issue letter to PFSweb, want change in board, chairman
AWM believes PFSweb failed to fulfill its fiduciary duty to shareholders when considering a potential acquisition and determining cash compensation and other expenditures. In a letter to the company's board, the company's largest shareholders stated they now question the commitment of the management and board, citing a prospective thrid-party acquisition that was not considered by the board and "unreasonably high cash compensation paid to senior management" as reasoning for requesting board turnover and for "new blood and fresh perspectives". Further, the holders requested that an independent chairman be appointed as soon as possible.
News For PFSW From The Last 14 Days
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May 22, 2015
08:35 EDTPFSWPFSweb partners with Gaiam to provide infrastructure services
PFSweb (PFSW) has been engaged by Gaiam (GAIA) to provide eCommerce services in support of its Gaiam and SPRI consumer division brands. Under the agreement, PFSweb will provide order management, U.S. fulfillment, fraud management, payment processing, and iCommerce Agent technology for Gaiam's direct-to-consumer divisions.
May 11, 2015
16:18 EDTPFSWPFSweb reaffirms 2015 service fee equivalent revenue outlook
The company said "PFSweb reaffirmed its 2015 service fee equivalent revenue guidance to range between $160 million and $170 million, which reflects growth of 15% to 23% from 2014. The company also reaffirmed its adjusted EBITDA target to range between $16 million and $18 million, which reflects growth of 17% to 32% from 2014. This guidance excludes the impact of potential future acquisitions."
16:18 EDTPFSWPFSweb reports Q1 EPS (10c), consensus (11c)
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