Finance

GLOBAL SPORTS DEFENDS E-COMMERCE PLAN OF NO DISCOUNT

5.18.1999

          Global Sports Inc. execs are finding themselves
     "defending their plan" and strategy to go online with
     merchandise sales through Global Sports Interactive,
     according to Bob Fernandez of the PHILADELPHIA INQUIRER. 
     Shares of Global Sports "more than doubled a few weeks ago"
     when word "leaked out" that the company would "make a run at
     an online retail business," but soon "crashed" from a high
     of $33.13 to the upper teens after the plan was "publicly
     divulged to Wall Street."  Global Sports Senior VP Michael
     Conn: "Because our model is complex, the onus is on us to
     get the story out" (PHILADELPHIA INQUIRER, 5/18).

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