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Pitney Bowes Strategic Review of Ecommerce Segment Not Concluded, Only Fulfillment Business Sold
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Pitney Bowes Strategic Review of Ecommerce Segment Not Concluded, Only Fulfillment Business Sold
Jul 29, 2024 10:32 AM

01:08 PM EDT, 07/29/2024 (MT Newswires) -- Pitney Bowes ( PBI ) said in a regulatory filing Monday that it has not yet concluded the strategic review of its global ecommerce segment.

The shipping and mailing company also said that it has sold its fulfillment services business which is a "small piece" of the ecommerce segment. Financial and other details of the sale were not disclosed.

Pitney Bowes ( PBI ) denied media reports Friday that it had sold off its entire global ecommerce segment.

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