September 12, 2001




Neiman Marcus Annual Earnings Down 20%

Dallas–The Neiman Marcus Group (NYSE: NMG.A), which mails the Neiman Marcus, Horchow, and Chef’s Catalog titles, suffered a 20% decline in net earnings for its fiscal year, despite a 3% increase in revenue. For the 52 weeks ended July 28, the high-end …

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September 12, 2001




Movers and Shakers

Dodgeville, WI-based Lands’ End named Vincent Gallucci vice president, corporate sales, replacing David Zentmyer who resigned from the company. Gallucci most recently was senior vice president of ProVantage Health Services.
Reno, NV-based multichannel marketer of mobile and wireless parts and …

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September 12, 2001




Attack Aftermath: Phone Lines Blocked for New York Marketers

New York—As people frantically tried to call family members and friends following the Sept. 11 attacks on New York and Washington, telephone lines throughout the greater New York area were jammed. For many local companies, they remained jammed the day …

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September 11, 2001




USPS Proposes 8.7% Rate Hike; Seeks 7.3% Increase for Catalogs

Washington—With an emphasis on damage control, the U.S. Postal Service Board of Governors (BOG) on Sept. 11 proposed an 8.7% rate hike that could be enacted as early as July or August 2002. In making the announcement following its monthly meeting, …

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September 10, 2001




USPS Cuts 800 Headquarters Positions

Washington–The U.S. Postal Service has announced its most sweeping personnel reorganization in nearly a decade. On Sept. 7 it eliminated 800 headquarters positions—about 20% of the agency’s headquarters staff. “We’ve targeted it at reducing our overhead and our administrative …

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September 10, 2001




Study: Online Ad Spending Down 10%

New York–Online ad spending dropped 10% for the first half of 2001, compared to first-half revenue in 2001, according to a report from CMRi, the online division of research firm CMR. The study found that Internet ad spending for the first half of 2001 …

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September 10, 2001




AIM Council Releases E-mail Guidelines

New York–The Association for Interactive Media’s Council for Responsible E-mail released its “Guidelines for the Practice of E-mail Merge/Purge.” AIM says the guidelines should provide e-mail marketers with greater mailing efficiency and list owners with safeguards to protect …

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In International

September 10, 2001




Financial Updates: J. Crew, Kids Stuff

Stamford, CT–Like so many of its competitors, apparel cataloger/retailer J. Crew experienced soft sales and earnings for the quarter ended Aug. 4. Revenue declined 1%, to $167.9 million from $170.2 million the previous year. Catalog and Internet sales tumbled 11%, to $45.2 million from $50.7 million. …

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September 7, 2001




Sonic Foundry Tests Consumer Catalog, Buys MediaSite

Madison, WI—Business-to-business software cataloger Sonic Foundry has entered the consumer arena. Throughout the fall it will mail 500,000 copies of a 16-page catalog featuring consumer versions of its professional software tools, which enable users to produce their own compact disks …

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September 7, 2001




Successories Cuts 42 Positions

Aurora, IL–Motivational products manufacturer/marketer Successories (NasdaqNM: SCES) cut 42 positions–or 17% of its corporate headquarters workforce. The company estimates the measure will save about $1.7 million a year in wages and benefits.
Successories reported the news at the same time that it …

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