Sale of Improvements Completed

Weehawken, NJ–Multititle cataloger Hanover Direct has completed the sale of do-it-yourself tools title Improvements to HSN, a division of USA Networks’ Interactive Group, for $33.4 million. Hanover’s Keystone subsidiary will provide fulfillment services for Improvements under a services agreement with HSN for up to three years. Hanover plans to use the proceeds to repay approximately $5.5 million in debt.

But Hanover’s not done divesting titles. Other properties on the block include the International Male apparel catalog, upscale gifts book Gump’s by Mail, and the Gump’s store in San Francisco. Hanover plans to retain its core businesses, including home goods catalogs The Company Store and Domestications.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.