SMITHSONIAN BUSINESS VENTURES, PFSWEB SIGN 5-YEAR CONTRACT

SMITHSONIAN BUSINESS VENTURES, PFSWEB SIGN 5-YEAR CONTRACT    PFSWeb Inc. said it has formed a five-year agreement with Smithsonian Business Ventures to provide services in support of the Smithsonian Catalogue and its electronic commerce operations.
   PFSWeb said it expects to generate approximately $14 million in revenue from that contract.
   The Smithsonian Catalogue offers more than 1,000 items of jewelry, educational materials and furniture items or replicas of objects on display at the Smithsonian Institution in Washington. Each year the Smithsonian distributes 20 million catalogues to members and prospects.
   Under the agreement, PFSWeb will support the catalogue and its online version, https://www.SmithsonianStore.com, by providing inventory management, distribution and fulfillment services, order management, credit card processing and customer returns.
   PFSWeb provides order management, customer management, and international distribution services through traditional and e-commerce strategies.