CITY SPORTS Announces e-commerce agreement with Global Sports.Business Editors/Hi-Tech Writers KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa. & NORTH READING, Mass.--(BUSINESS WIRE)-- Oct. 2, 2001 Global Sports, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :GSPT), a leading outsource solution provider for e-commerce, and CITY SPORTS City Sports, Inc. is an American sporting goods retailer operating mostly on the east coast of the United States. Its chief products include athletic apparel, footwear, and equipment. , a leading sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport retailer in the Northeast, announced today an alliance to develop and operate the www.citysports.com e-commerce site. Global Sports will develop and operate all facets of the new e-commerce store, including Web site design, customer service, fulfillment, and merchandising. City Sports will utilize its marketing and in-store promotions to drive traffic to the www.citysports.com site. The new e-commerce store will feature a broad selection of sporting goods equipment, apparel, and footwear and is expected to launch in the fourth quarter of 2001. Remarking on the alliance, Michael R. Kennedy, Chief Executive Officer of City Sports, said, "City Sports focuses on a particular customer - a fitness-oriented, educated adult in a metropolitan setting. Through this partnership with Global Sports, we can broaden our reach to those customers beyond our northeastern geographical store base by offering the option to shop online. And with Global Sports we can do it with the same exceptional customer service and selection that can be found in our stores." Michael G. Rubin, Chairman and Chief Executive Officer of Global Sports, Inc., commented, "City Sports is a strong sporting goods retailer with a customer demographic that is very favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to e-commerce. We are excited to be selected by them to develop and operate the www.citysports.com site." About Global Sports Global Sports is a leading outsource solution provider for e-commerce. The company develops and operates e-commerce businesses for retailers, media companies, and professional sports The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organizations. The Global Sports' platform includes Web site design and development, e-commerce technology, customer service, fulfillment, merchandising, content development and management, and online and database marketing. About City Sports City Sports operates award-winning retail sporting goods stores in vibrant metropolitan settings within Boston, Philadelphia and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The stores emphasize quality products for active, fitness-oriented adults. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. All statements made in this release, other than statements of historical fact, are forward-looking statements. The words "anticipate", "believe", "estimate", "expect", "intend", "will", "guidance", and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of Global Sports and the industry and markets in which the company operates. Those statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by those forward-looking statements. Factors which may affect Global Sports' business, financial condition and operating results include the effects of changes in the economy, consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. , the stock market and the sporting goods industry generally, changes affecting the Internet and e-commerce, the ability of the company to maintain relationships with strategic partners and suppliers, the ability of the company to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of the company to attract and retain qualified personnel and the ability of the company to successfully integrate its acquisitions of other businesses. More information about potential factors that could affect Global Sports can be found in its most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Form 10-Q Form 10-Q See 10-Q. and other reports and statements filed by Global Sports with the Securities and Exchange Commission. Global Sports expressly disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated by Global Sports. |
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