CafePress Inc (NASDAQ:PRSS) and CBS network’s Los Angeles-based CBS Television City division announced a new partnership that makes CafePress.com the official destination for fans of beloved programs produced at the CBS Television City production facility.
Merchandise from more than 42 television programs in CBS’s illustrious portfolio, including timeless classics and fast favorites, will be available onCafePress.com. Each show will have its own shop by year-end 2016. The first shops to be made available to consumers will include Beverly Hills, 90210; Happy Days; and Mighty Mouse; among others. A full list of forthcoming shops is below.
“These are iconic, classic television programs that people know and love,” said Aaron Yelton, Director of Licensing & Business Development atCafePress. “We’re thrilled to now be able to bring our customers a collection that demonstrates the importance of these shows in popular culture.”
The new CafePress.com shops will house both official and fan-created merchandise. The product offering will include T-shirts and apparel, mugs, tote bags and unique home goods such as shower curtains and beach towels.
“Fans feel a real connection to the characters in these shows, and we can now bring them to life with fun, creative and unique products,” said Yelton. (Original Source)
Shares of CafePress closed today at $4.69, up $0.07 or 1.52%. PRSS has a 1-year high of $5.36 and a 1-year low of $1.95. The stock’s 50-day moving average is $4.36 and its 200-day moving average is $4.39.
On the ratings front, Cantor Fitzgerald analyst Youssef Squali reiterated a Hold rating on PRSS, with a price target of $4.50, in a report issued on August 14. The current price target represents a slight downside potential from current levels. According to TipRanks.com, Squali has a total average return of 15.9%, a 58.1% success rate, and is ranked #31 out of 3795 analysts.
CafePress Inc provides e-commerce platform which enables customers to create, buy and sell a wide variety of customized and personalized products.