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GSI Commerce Rebrands Digital Agency As TrueAction

November 3rd, 2009 | No Comments | Posted in Company & Product Profiles, gsi commerce

GSI Commerce, a company that powers e-commerce platforms for major brands, recently made headline with the acquisition of Retail Convergence, which operates RueLaLa.com, a private sale site and SmartBargains.com, an off-price e-commerce marketplace, in a deal valued as high as $350 million. GSI is now rebranding its digital marketing agency that caters to fashion and retail brands, formerly known as gsi interactive, to TrueAction.

TrueAction’s new brand identity is focused on helping retail brands turn the transaction experience into a revenue builder for e-commerce platforms. TrueAction is launching Usability Lab, a marketing tool that utilizes a live focus group where real consumers can provide detailed feedback on aspects including digital marketing, design, and functionality. The agency is also focusing on creating technologies for brands to help deepen relationships with consumers. This includes mobile apps, store locators, catalog services, and customer service integration.

GSI also acquired outside marketing firms Silverlign Group and Pepperjam this year. Clients include NFL, NHL, MLB and Toys ‘R Us

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GSI Commerce Enters The Private Sale Space With Acquisition Of Retail Convergence

October 27th, 2009 | No Comments | Posted in Company & Product Profiles, gsi commerce

GSI Commerce, a company that powers e-commerce platforms for major brands, has acquired Retail Convergence, which operates RueLaLa.com, a private sale site and SmartBargains.com, an off-price e-commerce marketplace, in a deal valued as high as $350 million.

Launched in April 2008, RueLaLa is a members-only online sample sale that sells luxury brands at discount prices during two-day private sale events in the fashion, accessories, footwear, home, jewelry and other categories. SmartBargains.com, which launched in 1999, is a online marketplace for the sale of off-price merchandise across a wide cross-section of categories.

It’s not surprising that GSI wants to enter the online private sale space considering the growth of the other players in the same arena, such as Gilt Groupe, Vente Privee, HauteLook and Ideeli.

RueLaLa’s membership has already grown to more than 1.2 million members in 18 months and is seeing strong revenue growth. In the third quarter of 2009, RueLaLa’s net revenues increased by nearly five times from the previous year, to $28 million.

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