October 21, 2002




CDW posts record quarterly sales

Vernon Hills, IL-based CDW Computer Centers (Nasdaq: CDWC) reported record quarterly revenue, with sales for the quarter ended Sept. 30 topping out at $1.15 billion. That’s a 16% rise from sales of $991.1 million for the third quarter of last year. Net income jumped 27%, …

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October 20, 2002




New York State fines martial-arts weapons mailer

Bud-K Worldwide,
a Moultrie, GA-based cataloger that sells martial-arts weapons, has been ordered to pay the state of New York $200,000 in penalties for selling roughly $114,000 worth of products to residents during the past two years, as reported in the Albany “…

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October 18, 2002




Delia’s president takes leave

A day after announcing that it was seeking “strategic alternatives” that could include a sale, teen apparel cataloger/retailer Delia’s announced that president Andrea Weiss would be stepping down. Following a medical leave, Weiss has opted for an extended …

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October 18, 2002




Zones in the black for 3Q

Although the third quarter is usually its most difficult, Renton, WA-based computer reseller Zones (Nasdaq: ZONS) managed to post a profit for the three months ended Sept. 30. Net earnings were $124,000, a turnaround from a net loss of $257,000 for the third …

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October 17, 2002




The Softer Side of Sears: Credit Card Debt

Quarterly profits fell 28% at Sears, Roebuck and Co. (NYSE:S), which owns apparel catalog Lands’ End, and the Hoffman Estates, IL-based retail behemoth warned that annual results would not meet targets because of growing losses from credit card debt.
Sears …

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October 16, 2002




3Q sales up at Office Depot, down at Viking

Office supplies superstore Office Depot (NYSE: ODP), which also mails the Viking Office Products catalog, reported a 4% rise in third-quarter company sales, to $2.9 billion for the three months ended Sept. 28. Worldwide Web sales grew 35%, to $542.9 million. North American retail sales …

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October 16, 2002




Survey: No increase in DM hiring

If you’re looking for a job in direct marketing, good luck. According to the newest survey from Bernhart Associates Executive Search, the direct marketing employment picture remains gloomy. For instance, the percentage of companies planning staff reductions increased from 9% …

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October 16, 2002




Delia’s evaluating ‘strategic alternatives’

Teen girls cataloger/retailer Delia’s has retained Peter J. Solomon Co. to explore and evaluate its strategic alternatives, which could include a sale. The move “reflects the board’s commitment to maximizing shareholder value,” Delia’s CEO Stephen Kahn said in …

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October 16, 2002




NRF survey projects modest holiday sales, spending increases

Although consumers plan to spend an average of $649 this holiday season—a 2.6% increase over last holiday’s projected spending—a new National Retail Federation (NRF) survey shows that many shoppers will be more cautious this year. In fact, the study …

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October 15, 2002




Micro Warehouse Spins off Government/Education Unit

Norwalk, CT-based computer cataloger Micro Warehouse on Oct. 15 launched a wholly-owned subsidiary Micro Warehouse Gov/Ed. Headquartered in Ashburn, VA, the new division will focus on Micro Warehouse’s established $450 million annual rate-run public-sector business by supporting government and educational …

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