:CafePress

{{short description|Online retailer of stock and user-customized on-demand products}}

{{Infobox company

| name = CafePress, Inc.

| logo = CafePress logo.svg

| type = Subsidiary

| traded_as = {{NASDAQ was|PRSS}}

| industry = E-commerce

| founded = {{Start date and age|1999}}

| founders = Fred Durham
Maheesh Jain

| hq_location_city = Louisville, Kentucky

| hq_location_country = United States

| key_people = Fred Durham (CEO)

| products = Custom products

| parent = PlanetArt

}}

{{Infobox website

| name = CafePress.com

| type = Online shopping

| registration = Required to buy and sell

| language = English language

| owner = CafePress, Inc.

| launch_date = {{Start date and age|1999}}

}}

CafePress, Inc. is an American online retailer of a wide range of consumer items, including clothing, home decor, drinkware, stationery, gifts, and user-customized on-demand items. The company was founded in San Mateo, California, but is now headquartered in Louisville, Kentucky, where its production facility is also located. In 2001, CafePress.com won the People's Voice Webby Award in the Commerce category.

Business model

Image:Cafepress.svg

CafePress.com sells T-shirts, bags, mugs, wall clocks, calendars, and a myriad of other products.{{cite news|url=https://www.theguardian.com/technology/2008/aug/18/cafepress/print|title=Cafepress: Get your customised badges, tops and thongs here|last=Schofield|first=Jack|date=18 August 2008|work=The Guardian|access-date=2008-08-18|location=London}} Customers can upload their own graphics design, logo, or text, which will be added to the product by the company. CafePress.com also offers print-on-demand services for wall art and stationery. The site also allows users to have a virtual CafePress "shop", including an online storefront and website hosting, order management, fulfillment, payment processing, and customer service.

History

{{update|section|reason=events since 2012|date=February 2017}}

CafePress, Inc. was founded as a privately owned company in 1999 by Fred Durham and Maheesh Jain.{{cite web|url=http://cafepressinc.com/about/|title=CafePressInc. » About Us|access-date=2017-01-30|archive-url=https://web.archive.org/web/20170203080830/http://cafepressinc.com/about/|archive-date=2017-02-03|url-status=dead}}{{cite web|url=http://cafepressinc.com/about/team/|title=CafePress Inc. » About Us » Team|access-date=2017-01-30|archive-url=https://web.archive.org/web/20170203080832/http://cafepressinc.com/about/team/|archive-date=2017-02-03|url-status=dead}}

In July 2008, CafePress acquired the specialist photographic art printing business Imagekind,{{cite news|url=http://www.imprints-tshirt.com|title=Print on demand shirt|date=8 July 2008|agency=Reuters|access-date=2015-07-08|url-status=dead|archive-url=https://web.archive.org/web/20150619091521/http://www.imprints-tshirt.com/|archive-date=June 19, 2015}} and in September 2010 further acquired photo-to-canvas company Canvas On Demand to add to their platform of brands.

In June 2011, CafePress filed with the SEC to raise up to $80 million in an initial public offering.{{cite web|title=Form S-1 Registration Statement - CafePress, Inc.|url=https://www.sec.gov/Archives/edgar/data/1117733/000119312511162782/ds1.htm#toc187703_102|access-date=10 June 2011}}

On March 29, 2012, CafePress debuted at $19/share on the NASDAQ under the ticker symbol PRSS. The stock hit an intraday high of $22.69/share.{{cite news|url=https://www.reuters.com/article/us-cafepress-ipo/online-retailer-cafepress-soars-on-market-debut-idUSBRE82S0XC20120329|title=Online retailer Cafepress soars on market debut|last=Mendonca|first=Jochelle|date=29 March 2012|work=Reuters|access-date=30 March 2012|editor-last=Eluvangal|editor-first=Sreejiraj}}

On April 30, 2012, CafePress announced that it would move its corporate headquarters from San Mateo, California, to its production facilities in Louisville, Kentucky, at a cost of $16.5 million. Louisville and the state of Kentucky had offered incentives as high as $10 million for the move, up to $1 million per year for ten years.{{cite news|last1=Owens|first1=Jeremy C.|title=San Mateo's CafePress moving headquarters to Louisville, Ky.|date=2012-04-30|work=The Mercury News|url=https://www.mercurynews.com/2012/04/30/san-mateos-cafepress-moving-headquarters-to-louisville-ky-2/|access-date=2022-03-21}}

On September 28, 2018, Snapfish agreed to acquire CafePress for approximately $25 million, purchasing all outstanding CafePress stock for $1.48 per share in cash.{{cite news|last1=Weaver|first1=Bridgett|title=CafePress finds a buyer|date=2018-09-28|work=Louisville Business First|url=https://www.bizjournals.com/louisville/news/2018/09/28/cafepress-finds-abuyer.html|access-date=2022-03-21}} The buyout was completed in November of that year.{{cite news|author=WDRB|title=Louisville-based CafePress acquired by Snapfish in San Francisco |date=2018-11-09|url=https://www.wdrb.com/news/business/louisville-based-cafepress-acquired-by-snapfish-in-san-francisco/article_75589b91-4e28-5816-94c3-b3e30f0b0448.html}}. Company founder Fred Durham left the company when the buyout was complete.{{Cite web |last=Weaver |first=Bridgett |date=12 November 2018 |title=CafePress CEO departs company he founded |url=https://www.bizjournals.com/louisville/news/2018/11/12/cafepress-ceo-out-as-snapfish-completes.html?iana=cp_news_link |access-date=2024-06-17 |website=www.bizjournals.com}}

In February 2019, CafePress suffered a data breach. The exposed data included 23 million unique email addresses, with some records also containing names, physical addresses, phone numbers, and security question/answer pairs. Over 180,000 records contained social security numbers. A 2022 FTC complaint alleged that CafePress was negligent in its security practices and failed to promptly notify customers after it became aware of this breach, and instead waited until security researchers disclosed it publicly.{{cite web|author=Cloudentity|title=2019 CafePress breach exposes 23 million users... What did we learn? |url=https://cloudentity.com/2019/08/07/23-million-passwords-exposed-in-cafepress-breach/|date=2019-08-15|access-date=2022-03-21}}{{cite web|author=Federal Trade Commission|title=FTC Takes Action Against CafePress for Data Breach Cover Up|date=2022-03-15|url=https://www.ftc.gov/news-events/news/press-releases/2022/03/ftc-takes-action-against-cafepress-data-breach-cover|access-date=2022-03-21}} CafePress was ordered to pay US$500,000 after the 2019 data breach.{{Cite web |last=Winder |first=Davey |title=CafePress Hacked, 23M Accounts Compromised. Is Yours One Of Them? |url=https://www.forbes.com/sites/daveywinder/2019/08/05/cafepress-hacked-23m-accounts-compromised-is-yours-one-of-them/ |access-date=2024-06-17 |website=Forbes |language=en}} The Federal Trade Commission announced the settlement and along with payment to those affected,{{Cite web |date=2022-03-24 |title=FTC Announces Proposed Settlement with CafePress over Alleged Data Breach Cover Up |url=https://www.huntonak.com/ftc-announces-proposed-settlement-with-cafepress-over-alleged-data-breach-cover-up |access-date=2024-06-17 |website=www.huntonak.com |language=en}} must report its security measures to a third party.{{Cite web |last=Deppen |first=Laurel |date=25 March 2022 |title=CafePress ordered to pay $500,000 after security breach |url=https://www.bizjournals.com/louisville/news/2022/05/25/cafepress-ordered-to-pay-500-000-after-security-b.html?iana=cp_news_link |access-date=2024-06-17 |website=www.bizjournals.com}}

On September 1, 2020, PlanetArt acquired CafePress from Shutterfly's business unit, Snapfish, a San Francisco-based company.{{Cite web |date=2024-07-01 |title=Louisville-based CafePress being bought by San Francisco company |url=https://www.wdrb.com/news/business/louisville-based-cafepress-being-bought-by-san-francisco-company/article_7d6cb443-3933-5252-995f-3138553b2434.html |access-date=2024-07-01 |website=WDRB |language=en}} Part of this transaction included Cafepress changing its name to Residual Pumpkin Entity but still operates CafePress branded websites as such.{{Cite web |last=Chen |first=I-Chun |date=2 September 2020 |title=PlanetArt buys CafePress from Shutterfly’s Snapfish to gain new photo products |url=https://www.bizjournals.com/losangeles/news/2020/09/02/planetart-buys-cafepress-shutterfly-snapfish.html?iana=cp_news_link |access-date=1 July 2024 |website=bizjournals.com}}{{Cite web |title=UNITED STATES OF AMERICA BEFORE THE FEDERAL TRADE COMMISSION |url=https://www.ftc.gov/system/files/ftc_gov/pdf/1923209CafePressComplaint.pdf |access-date=1 July 2024 |website=ftc.gov}}

In February 2024, the website was hacked and the breach compromised more than 23 million accounts. {{Cite web |last=Winder |first=Davey |title=CafePress Hacked, 23M Accounts Compromised. Is Yours One Of Them? |url=https://www.forbes.com/sites/daveywinder/2019/08/05/cafepress-hacked-23m-accounts-compromised-is-yours-one-of-them/ |access-date=2024-09-26 |website=Forbes |language=en}}

As of October 2024, The Federal Trade Commission (FTC) has initiated payments totaling over $370,000 to consumers adversely affected by the data security lapses of CafePress. {{Cite web |title=MSN |url=https://www.msn.com/en-us/money/companies/ftc-acts-370-000-payout-to-consumers-exposes-cafepress-s-data-security-flaws/ar-AA1r5gzO?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1 |access-date=2024-10-08 |website=www.msn.com}}

Brands

CafePress, Inc. has its flagship brand, CafePress.com. CafePress, Inc. also partners with other businesses to provide licensed content on their site, and power online custom shops for large companies, such as ABC, Urban Outfitters and Peanuts Worldwide.

References

{{reflist|30em}}