Jump to content

CafePress

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Citation bot (talk | contribs) at 20:29, 17 November 2022 (Alter: title. | Use this bot. Report bugs. | Suggested by Abductive | Category:Companies formerly listed on the Nasdaq | #UCB_Category 645/712). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

CafePress, Inc.
Company typeSubsidiary
IndustryE-commerce
Founded1999; 25 years ago (1999)
FoundersFred Durham
Maheesh Jain
Headquarters
Louisville, Kentucky
,
USA
Key people
Fred Durham (CEO)
ProductsCustom products
ParentPlanetArt
CafePress.com
Type of site
Online shopping
Available inEnglish language
OwnerCafePress, Inc.
RegistrationRequired to buy and sell
Launched1999; 25 years ago (1999)

CafePress, Inc. is an American online retailer of stock and user-customized on-demand products. The company was founded in San Mateo, California, but is now headquartered in Louisville, Kentucky along with its production facility. In 2001, CafePress.com won the People's Voice Webby Award in the Commerce category.

Business model

Logo used until 2008.

CafePress.com sells T-shirts, bags, mugs, wall clocks, calendars, and a myriad of other products.[1] Customers can upload their own graphics design, logo or text, which will be added to the product by the company. CafePress.com also offers print on demand services for wall art and stationery. The site also allows the user to have a virtual CafePress "shop" including an online storefront and website hosting, order management, fulfillment, payment processing, and customer service.

History

CafePress, Inc. was founded as a privately-owned company in 1999 by Fred Durham and Maheesh Jain.[2][3] As of February 2006, the site hosts over 2.6 million online shops with over 200 million products.[citation needed] As of March 2011, CafePress.com has more than 13 million members and over 325 million products are available on the site.

In July 2008, CafePress acquired the specialist photographic art printing business Imagekind,[4] and in September 2010 acquired photo-to-canvas company Canvas On Demand to their platform of brands.

In June 2011, CafePress filed with the SEC to raise up to $80 million in an initial public offering.[5]

On March 29, 2012, CafePress debuted at $19/share on the NASDAQ under ticker symbol PRSS. The stock hit an intra-day high of $22.69/share.[6][7]

On April 30, 2012, CafePress announced that it would move its corporate headquarters from San Mateo, California to its production facilities in Louisville, Kentucky, at a cost of $16.5 million. Louisville and the state of Kentucky had offered incentives as high as $10 million for the move, up to $1 million per year for ten years.[8]

On September 28, 2018, Snapfish agreed to acquire CafePress for approximately $25 million, purchasing all outstanding CafePress stock for $1.48 per share in cash.[9] The buyout was completed in November.[10]

In February 2019, CafePress suffered a data breach. The exposed data included 23 million unique email addresses with some records also containing names, physical addresses, phone numbers, and security question/answer pairs. Over 180,000 records contained social security numbers. A 2022 FTC complaint alleges that CafePress was negligent in its security practices and failed to notify customers promptly after it became aware of this breach, waiting until after security researchers disclosed it publicly.[11][12]

On September 1, 2020, it was announced that PlanetArt had acquired CafePress from Snapfish/Shutterfly. [13]

Brands

CafePress, Inc. has its flagship brand, CafePress.com. CafePress, Inc. also partners with other businesses to provide licensed content on their site, and power online custom shops for large companies, such as ABC, Urban Outfitters, and Peanuts Worldwide.

References

  1. ^ Schofield, Jack (18 August 2008). "Cafepress: Get your customised badges, tops and thongs here". The Guardian. London. Retrieved 2008-08-18.
  2. ^ "CafePressInc. » About Us". Archived from the original on 2017-02-03. Retrieved 2017-01-30.
  3. ^ "CafePress Inc. » About Us » Team". Archived from the original on 2017-02-03. Retrieved 2017-01-30.
  4. ^ "Print on demand shirt". Reuters. 8 July 2008. Archived from the original on June 19, 2015. Retrieved 2015-07-08.
  5. ^ "Form S-1 Registration Statement - CafePress, Inc". Retrieved 10 June 2011.
  6. ^ "NASDAQ Welcomes CafePress Inc. to the NASDAQ Global Select Market(R)". Retrieved 30 March 2012.
  7. ^ Mendonca, Jochelle (29 March 2012). Eluvangal, Sreejiraj (ed.). "Online retailer Cafepress soars on market debut". Reuters. Retrieved 30 March 2012.
  8. ^ Owens, Jeremy C. (2012-04-30). "San Mateo's CafePress moving headquarters to Louisville, Ky". The Mercury News. Retrieved 2022-03-21.
  9. ^ Weaver, Bridgett (2018-09-28). "CafePress finds a buyer". Louisville Business First. Retrieved 2022-03-21.
  10. ^ WDRB (2018-11-09). "Louisville-based CafePress acquired by Snapfish in San Francisco"..
  11. ^ Cloudentity (2019-08-15). "2019 CafePress breach exposes 23 million users… What did we learn?". Retrieved 2022-03-21.
  12. ^ Federal Trade Commission (2022-03-15). "FTC Takes Action Against CafePress for Data Breach Cover Up". Retrieved 2022-03-21.
  13. ^ "PlanetArt Acquires CafePress from Shutterfly". Businesswire. 1 September 2020. Retrieved 13 October 2020.
Retrieved from "https://en.wikipedia.org/w/index.php?title=CafePress&oldid=1122480952"