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September 14 , 2021 H kaspien Kaspien Holdings Inc. Reports Fiscal Second Quarter 2021 Results Strong Response to Overall Industry Headwinds Supported by Diversified , Flexible Supply Chain Consistent Financial Performance Supported by 50 Basis Point Increase in Overall GMV , 33 % Increase in Subscription GMV , and 16 % Increase in Subscription Monthly Recurring Revenue 72 % Year - Over - Year Growth on Non - Amazon Marketplaces Driven by Success on the Target Marketplace and Other Emerging Channels SPOKANE , Wash . , Sept. 14 , 2021 / PRNewswire / --Kaspien Holdings Inc. ( NASDAQ : KSPN ) ( " Kaspien " or the " Company " ) , a leading e - commerce marketplace growth platform , today reported financial results for the fiscal second quarter ended July 31 , 2021 . kaspien Recent Operational Highlights • Fiscal second quarter 2021 gross merchandise value ( " GMV " ) increased 50 basis points to $ 59.0 million , compared to $ 58.7 million in the comparable year - ago period . Subscription GMV increased 33 % to $ 24.9 million ( 42.1 % of total GMV ) , compared to $ 18.7 million ( 31.9 % of total GMV ) in the comparable year - ago period . • Leveraged diversified , flexible supply chain structure to effectively mitigate global supply challenges and inflationary price increases . Among other strategic responses , Kaspien successfully implemented a more robust direct - to - consumer fulfillment model , utilizing regional warehousing locations to minimize gaps in lead times across the supply chain . • Released Sponsored Brands Video Campaign Management on Kaspien's Amazon advertising software , AdManager . Sponsored Brands Video enables users to automate optimizations , adjust all keywords at once via a centralized keywords table , and