/ Technology

GXS to cut work force by 20%

With a renewed focus on retail and other industries, Global eXchange Services will cut its work force by about 300 positions by the end of this year and take a charge of up to $32 million as it consolidates to lower its costs, the company said today.

Posted 06/08/2004Kurt PetersPost a comment

/ Technology

GXS to acquire Haht Commerce for behind-the-firewall integration

Global eXchange Services said it will acquire demand chain management vendor Haht Commerce for $30 million in cash and stock. The deal gives GXS a stronger position in b2b data integration, an analyst says.

Posted 01/16/2004Paul DemeryPost a comment

/ E-Retailers

ShopNBC.com reaches its first $1 million day

ShopNBC achieved its first $1 million day at ShopNBC.com at the same time it hit three $5 million days in a row on TV. The record sales came last weekend as part of ShopNBC’s celebration of the first anniversary of its name change to ShopNBC.

Posted 06/25/2002Kurt PetersPost a comment

/ Technology

Trading network GE Global eXchange Services gets a new owner

Francisco Partners, a technology buyout fund, has agreed to buy GE Global eXchange Services, a business-to-business e-commerce newtork owned by General Electric Co.

Posted 06/24/2002Kurt PetersPost a comment

/ Technology

Retailers are moving rapidly to 100% web-based supply chains, says GXS

Retailers want to deal with all their suppliers via the web because separate procurement systems are inefficient and undercut their ability to achieve economies of scale, Harvey Seegers, CEO of GE Global eXchange, says.

Posted 04/18/2002Kurt PetersPost a comment

ValueVision buys e-retailing outsourcer FanBuzz

ValueVision Media, owner and operator of ShopNBC and ShopNBC.com, will acquire FanBuzz, a $20 million-a-year e-commerce and fulfillment provider of affinity-based merchandise to sports, entertainment and media companies.

Posted 02/25/2002Kurt PetersPost a comment

/ E-Retailers

ShopNBC.com’s sales grow 200% in first nine months

ShopNBC’s web operation accounts for 12.9% of Value Vision Media’s nine-month revenue of $326 million. Q3 sales grew 117% over year ago.

Posted 11/20/2001Kurt PetersPost a comment

/ E-Retailers

Retail automation, data warehousing lead NCR’s strong first quarter

NCR Corp.’s revenue grew 10% in the first quarter, while data warehousing revenue grew 21% and retail solutions, 18%.

Posted 04/17/2001Kurt PetersPost a comment

GXS takes on a new look in retail industry data services

Global eXchange Services Inc. took a major step last month in its ability to help retailers and their suppliers share supply chain information by agreeing to acquire demand chain management vendor Haht Commerce.

Posted 02/04/2004Internet RetailerPost a comment

With a new CEO, GXS targets growth in retail and other vertical markets

As retailers move further into exchanging data over the web with their trading partners, Global eXchange Services is targeting its own growth with a new CEO steeped in data integration experience. Gary Greenfield, former head of infrastructure management software provider Peregrine Systems, expects GXS to continue moving beyond its traditional EDI services to support Internet data exchange standards.

Posted 12/31/2003Internet RetailerPost a comment