Fingerhut resumes production on books

(Direct Newsline)–Fingerhut Cos. has begun work to complete several catalogs that had been in production prior to Federated Department Stores’ decision in January to close the catalog.

The work resumes following the signing Feb. 21 of a non-binding letter of intent for Federated to sell the catalog to a group led by businessman Peter Lytle, says Fingerhut spokesperson Ben Saukko.

Business Development Group Acquisitions, Lytle’s firm, has until week’s end to make a decision about the purchase. Saukko cautions that the resumption of production does not equate to a sealed deal.

On Jan. 16, Federated said that it would close its Fingerhut subsidiary and sell off whatever assets it could if a buyer could not be found. The firm mailed its last catalog in late January.

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.