GSICOMMERCE: Q1 net loss declined 58% to $1,676,000 from a loss of$4,028,000 for the period ended April 2. Net revenues were 38% higher at$91,358,000 versus $66,268,000. Revenues generated by SG sales rose 19% to$39.8 million in Q1; merchandise sales from the SG category were 35% higher at$47.5 million in Q1. Product sales from other merchandise categories increased58% to $36.9 million from $23.4 million. GSIC’s adjusted FY05 outlook calls fornet revenues of $405-420 million; merchandise sales of $638-658 million; netincome of $10.5-12.5 million and ... Log in to view full article.