Cybershop.com Ships in Time for the Holidays.Business Editors JERSEY CITY, NJ--(BUSINESS WIRE)--December 23, 1999 Online Retailer Handling Significant Holiday Volumes With New Infrastructure CyberShop.com(R), Inc. (Nasdaq: CYSP), a leading online retailer of designer apparel, home furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. and electronics (), announced today that it has been able to ship the vast majority of all customer orders within 1 to 2 business days and respond to all customer email inquiries within a 24 hour advertised commitment. Holiday volumes increased from the previous year, coupled with a healthy increase in customer growth and overall improved operating performance. Early financial data is encouraging, indicating solid year over year revenue growth and healthy gross margins. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent Business Week article (December 27, 1999), "E-Tailers with high gross margins are likely to survive the cyberwars." "We are very pleased with our performance to date and our ability to increase our margins throughout the year", said Jeff Tauber, CyberShop.com Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . " Our infrastructure was well prepared for the added volume, our web servers, fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. operations, and customer service all rose to the occasion." According to Jupiter Communication (Nasdaq: JPTR), an Internet research This article is about using the Internet for research; for the field of research about the Internet, see Internet studies. Internet research is the practice of using the Internet, especially the World Wide Web, for research. firm, 1999 will mark the largest online holiday season on record with approximately 10 million new online buyers adding to the shopping frenzy Frenzy Beatlemania term referring to the Beatles’ (rock musicians) immense popularity; manifested by screaming fans in the 1960s. [Pop. Culture: Miller, 172–181] Big Bull Market . With an enhanced backend infrastructure implemented this summer, CyberShop.com has been able to process and ship all customer orders within 24 to 48 hours of placement, despite increased volumes. Also new customer service features include an email confirmation system with an imbedded imbedded, adj See embedded. UPS tracking number and a direct link to a UPS site that provides customers with up-to-date information on shipment status. CyberShop.com fulfillment centers have been operating seven days a week for December in an effort to keep up with the volume of orders. In an effort to exceed customer expectations, CyberShop.com has chosen to upgrade many of its orders to air service at its own expense during this final week before Christmas in order to ensure shipments are delivered in time for the holiday. In a year that experienced $7 Billion in online and offline "dot-com" advertising, much of it in the fourth quarter (according to Ad Age $4 Billion online/$3 Billion offline), CyberShop.com continues to be pleased with the targeted effectiveness of its online and print advertising that contributed to the added volumes. About CyberShop.com CyberShop.com, a leading online retailer, operates three online stores. The flagship store located at offers designer and brand-name apparel, electronics, home accessories, toys, gifts and watches at deep discounts of 20%-80% off traditional retail prices. electronics.Net, launched in 1998, is located at and offers a broad assortment assortment /as·sort·ment/ (ah-sort´ment) the random distribution of nonhomologous chromosomes to daughter cells in metaphase of the first meiotic division. as·sort·ment n. of electronic brand name merchandise including television and video equipment, home and car audio equipment, small appliances Small appliance refers to a class of home appliances that are semi-portable or which are used on tabletops, countertops, or other platforms. Such items are contrasted with major appliances, which are typically fixtures that cannot be easily moved. , home office equipment and related accessories. In June 1999, CyberShop.com acquired tools-for-living.com, a direct to consumer marketer of high quality merchandise in personal care, health and home accessories. These products are promoted on the http://tools.cybershop.com site and through print media campaigns in national consumer magazines. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This announcement contains 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. that involve risks and uncertainties that include, among others, CyberShop.com's limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, competition, risks associated with system development and operation risks, management of potential growth and risks of new business areas, and strategic alliances. |
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