PFSweb Added to Russell 3000® Index
27 Juin 2022 - 2:30PM
PFSweb, Inc. (Nasdaq: PFSW) (the “Company”), a global commerce
services company, will join the broad-market Russell 3000® Index at
the conclusion of the 2022 Russell indexes annual reconstitution,
effective after the US market opens on June 27.
Annual reconstitution of the Russell indexes captures the 4,000
largest US stocks as of May 6, ranking them by total market
capitalization. Membership in the Russell 3000® Index, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000® Index or small-cap Russell 2000® Index, as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“Joining the Russell 3000® Index further illustrates the success
and execution of our targeted strategy to maximize shareholder
value,” said Mike Willoughby, CEO of PFSweb. “Following the sale of
our LiveArea business last year, we have worked diligently to
become a leaner, more fulfillment-oriented company. Looking ahead,
we aim to support our continued growth by augmenting our
fulfillment footprint and leveraging demand tailwinds within the
eCommerce landscape, while also continuing to work on a full range
of strategic alternatives for our PFS business.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About PFSPFS, the business unit
of PFSweb, Inc. (NASDAQ: PFSW) is a premier eCommerce order
fulfillment provider. We facilitate each operational step of an
eCommerce order in support of DTC and B2B retail brands and
specialize in health & beauty, fashion & apparel, jewelry,
and consumer packaged goods. Our scalable solutions support
customized pick/pack/ship services that deliver on brand ethos with
each order. A proven order management platform, as well as
high-touch customer care, reinforce our operation. With 20+ years
as an industry leader, PFS is the BPO of choice for brand-centric
companies and household brand names, such as L’Oréal USA, Champion,
Pandora, Shiseido Americas, Kendra Scott, the United States Mint,
and many more. The Company is headquartered in Allen, TX with
additional locations around the globe. For more information, visit
www.pfscommerce.com or ir.pfsweb.com for investor information.
About FTSE RussellFTSE Russell is a global
index leader that provides innovative benchmarking, analytics and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally. FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally.
Approximately $20 trillion is currently benchmarked to FTSE Russell
indexes. For over 30 years, leading asset owners, asset managers,
ETF providers and investment banks have chosen FTSE Russell indexes
to benchmark their investment performance and create ETFs,
structured products and index-based derivatives. A core set of
universal principles guides FTSE Russell index design and
management: a transparent rules-based methodology is informed by
independent committees of leading market participants. FTSE Russell
is focused on applying the highest industry standards in index
design and governance and embraces the IOSCO Principles. FTSE
Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Forward-Looking InformationThis
press release contains forward-looking information under the
Private Securities Litigation Reform Act of 1995 and is subject to
and involves risks and uncertainties, which could cause actual
results to differ materially from the forward-looking information.
You can identify these forward-looking statements by words such as
“may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,”
“believe,” “intend,” “plan,” “potential,” “project,” “seek,”
“strive,” “predict,” “continue,” “target,” “estimate”, and other
similar expressions. These forward-looking statements involve risks
and uncertainties and may include assumptions as to how we may
perform in the future, the impact of the COVID-19 pandemic on our
business and results of operations, and global economic conditions.
Although we believe the expectations reflected in our
forward-looking statements are reasonable, we cannot guarantee
these expectations will actually be achieved. The Company’s Annual
Report on Form 10-K for the year ended December 31, 2021, and our
quarterly reports on Form 10-Q identify certain factors that could
cause actual results to differ materially from those projected in
any forward looking statements made and investors are advised to
review the periodic reports of the Company and the Risk Factors
described therein.
The Company undertakes no obligation to update
publicly any forward-looking statement for any reason, even if new
information becomes available or other events occur in the future.
There may be additional risks that we do not currently view as
material or that are not presently known.
Investor Relations:Cody Slach
and Jackie KeshnerGateway Group, Inc.
1-949-574-3860PFSW@gatewayir.com
Pfsweb (NASDAQ:PFSW)
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