May 21, 2001




Changing of the Guard at L.L. Bean

Freeport, ME—Leon Gorman, who has run the catalog company his grandfather Leon Leonwood (L.L.) Bean founded in the 1910s, has stepped upstairs to chairman. In his place, longtime Bean executive Chris McCormick has been promoted to president/CEO.

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May 21, 2001




USPS Names Potter Postmaster General

Washington—The U.S. Postal Service Board of Governors (BOG) on Monday, May 21, promoted its chief operating officer John Potter to the top spot–postmaster general. Potter will replace PMG William Henderson, who is leaving at the end of the month.

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May 18, 2001




Lands’ End on the Block?

Dodgeville, WI—Rumors are swirling that $1.51 billion apparel cataloger Lands’ End may be up for sale. A report in the May 28 issue of “BusinessWeek” magazine quotes an unnamed source as saying that founder/chairman Gary Comer, who controls 55% of the …

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May 16, 2001




Emerson Radio Takes Control of Sport Supply Group

Dallas—Consumer electronics manufacturer Emerson Radio Corp. has increased its ownership in Sport Supply Group to 50.1%. As a result, Emerson will consolidate the financial statements of the b-to-b sporting goods cataloger with its own. The statements will be included in …

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May 16, 2001




Congressional Postal Hearing Puts USPS on Trial

Washington—On May 16, with the U.S. Postal Service staring at losses of more than $5 billion during the next two years, the House Committee on Government Reform held its second formal hearing on the USPS’s financial crisis. Catalogers were …

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May 16, 2001




Movers and Shakers

Seattle-based cataloger/retailer Nordstrom named Mike Koppel chief financial officer. Koppel was vice president/corporate controller for the company and has been the acting chief financial officer since September.
San Francisco-based multititle marketer Williams-Sonoma promoted Jim Boike to chief operating …

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May 16, 2001




ALC New York Forms List Trading Center

New York–List firm ALC of New York has formed an online trading center, listXchange.com. Through a proprietary online name bank, the new unit helps mailers activate dormant list exchange balances by trading them to other mailers and receiving active, …

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May 16, 2001




NBTY Buys NatureSmart from Whole Foods Market

Bohemia, NY–Nutritional supplements manufacturer/marketer NBTY has entered into a contract to purchase fellow vitamins marketer NatureSmart (formerly Amrion) from Whole Foods Market for approximately $28 million in cash. Thorton, CO-based NatureSmart had sales of $59 million for fiscal 2000 and has net …

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May 16, 2001




Zany Brainy Files Chapter 11

King of Prussia, PA–Toy cataloger/retailer Zany Brainy has filed a voluntary petition under Chapter 11 of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Zany Brainy has secured a commitment of $115 million debtor-in-possession …

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May 16, 2001




Smith & Wesson Sold

Scottsdale, AZ–Saf-T-Hammer, a gun safety equipment manufacturer, has acquired $112 million gun manufacturer/marketer Smith & Wesson. Saf-T-Hammer acquired the 149-year-old gun maker from a unit of Britain’s Tomkins Plc for $15 million—significantly less than $112 million Tomkins paid for Smith & Wesson …

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