SEC Begins Spiegel Investigation
(Catalog Age) The Securities and Exchange Commission (SEC) formally began its investigation into cataloger/retailer Spiegel Group’s compliance with the...
February Sales Roundup
A few retailers blamed disappointing sales on a monster snowstorm that blanketed the Eastern Seaboard duirng President’s Day weekend. Of course, the slumping...
Martha Stewart’s Direct Division Lays Off 40 Workers
On the heels of a disappointing fourth quarter—one that saw its black ink change to red—publisher/marketer Martha Stewart Living Omnimedia (NYSE: MSO)...
Record Annual Sales, Earnings for Staples
It was quite a year for office products conglomerate Staples (NasdaqNM:SPLS). The framingham, MA-based cataloger/retailer posted its best sales and earnings...
Matrix Group Buys Two More Sports Catalogs
Matrix Group Ltd., which operates volleyball supplies catalogs Spike Nashbar and Volleyball Express and teen sports apparel title Sweet & Powerful, has...
The Siren Song of Private Equity Money
After a lull during the past few years, private equity money is again flowing into the catalog industry. For shallow-pocketed catalogers, this can be...
J. Crew Names Drexler CEO Its Third in a Year
Less than six months after hiring Ken Pilot as CEO, apparel cataloger/retailer J. Crew has replaced him. On Jan. 27 the New York-based company named former...
Ax Falls on 300 L.L. Bean Workers
Despite double-digit sales increases in December, apparel and outdoor gear cataloger L.L. Bean announced that it will lay off as many as 300 staffers...
Spiegel Cuts 300 Jobs, Faces SEC Investigation
On Jan. 31, The Spiegel Group laid off 300 workers from two of its call centers nearly one-third of the 950 employees at the facilities. Spiegel laid...
Familymeds Buys InteliHealth
In a move to strengthen its own fledgling catalog business, pharmacy chain Familymeds in late January purchased the InteliHealth healthcare products catalog...
Bulls and Bears: Good News, Bad News
Ticker symbol Company Price as of 1/24/03 52-week high 52-week low % price change last month Revenue per share T4Q % total debt/total capital DIRECT TO...
Deals Evaporate at Year's End
In terms of mergers and acquisitions, 2002 went out with a whimper. Just 16 industry deals were transacted during the fourth quarter, down 24% from the...
Complying with the Sarbanes-Oxley Act
In the seven months since the Sarbanes-Oxley Act (H.R. 3763) became law, publicly traded catalogers have been busily adding independent accountants and...
Shakeup, Layoffs at Executive Greetings
Multititle business supplier Executive Greetings is going through a rough patch. In early January the $100 million cataloger cut 99 jobs, or nearly one-fifth...
Another Day in the Life of Spiegel: CEO Quits
He was supposed to right the wrongs of troubled Spiegel Group. But less than two years after becoming president/CEO/vice chairman of the multititle mailer,...
Financial Reports: Limited Brands, Gaiam
Annual Income Falls 3% at Limited Brands Cataloger/retailer Limited Brands, which mails the Victoria’s Secret and Bath and Body Works titles, reported...
Bluefly Cuts Its Annual Loss 74%
New York-based Bluefly (Nasdaq Smallcap: BFLY) said it trimmed its annual net loss 74%, to $6.5 million for the year ended Dec. 31. The online-only discounter...
Spiegel Admits to Doubt About Financial Viability
Is time running out for The Spiegel Group? On Feb. 25 the company said in a form 8-K filed with the Securities and Exchange Commission that it doesn’t...
Fiscal 2002 Proves Shiny for Tiffany
The economy may be tanking, but upscale jewelry and gifts marketer Tiffany & Co. (NYSE: TIF) ended fiscal 2002 on a bright note. For the New York-based...
FAO, Saks in Retail Deal
Cataloger/retailer FAO has signed a letter of intent to sell Birmingham, AL-based retailer Saks a minority stake in the company. As part of the arrangement,...
Vermont Country Store Curbs Fraud Attempt
Manchester Center, VT-based general merchandise cataloger Vermont Country Store earlier this month was victim to a series of fraudulent overseas orders...
Annual Income Up at Blair
Though annual sales at apparel and home goods cataloger Blair Corp. (Amex: BL) declined 2%, the venerable marketer posted a whopping 105% bottom-line...
Penney’s Profits Up But Catalog Sales Slip
Cataloger/retailer J.C. Penney Co. (NYSE:JCP) doubled its quarterly profit as aggressive advertising and markdowns helped drive better-than-expected holiday...
Stellar Quarter, Year for Sharper Image Catalog
Sales of proprietary products carried double-digit sales and earnings gains for gadgets cataloger/retailerThe Sharper Image (Nasdaq:SHRP). For the fourth...
Concepts Direct Passes On Wilands’ Bid
Longmont, CO-based stationery cataloger Concepts Direct is still seeking a buyer after passing up an offer from the multititle cataloger’s current chief...
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