Tranche Update on PFSweb, Inc.'s Equity Buyback Plan announced on March 20, 2023.

PFSweb, Inc. is an e-commerce order fulfilment provider. The Company facilitates each operational step of an e-commerce order in support of direct-to-consumer (DTC) and business-to-business (B2B) retail brands and specialize in health and beauty, fashion and apparel, jewelry, and consumer packaged goods. It provides services to support or improve the physical, post-click experience, such as logistics and fulfilment, transportation management, customer care and order-to-cash services, including distributed order orchestration and payment services. It offers services on an a la carte basis or as a bundled solution. In addition to services provided from its own operating facilities, it provides technology enablement products through RetailConnect from client owned/operated locations to facilitate multi-node, omni-channel and in-store retail commerce. Its services are primarily organized into categories, such as order fulfilment, fulfilment-as-a-service, order to cash and customer care.