June 26, 2002




Coldwater Creek doubles 1Q income

Despite a slight dip in sales, Coldwater Creek (Nasdaq: CWTR) managed to double its first-quarter net income. For the three months ended June 1, the apparel cataloger/retailer reported net income of $2.8 million on net sales of $112.0 million. For the previous …

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June 26, 2002




Federated sheds another part of Fingerhut

Two weeks after selling most of the assets of its Fingerhut catalog, Federated Department Stores found a buyer for Fingerhut’s credit-card receivables. On June 26, Federated announced that it would sell the receivables, worth about $1.2 billion, to Atlanta-based credit-card company …

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June 26, 2002




J.C. Whitney sold

Leveraged buyout firm Riverside Co. purchased Chicago-based auto parts cataloger J. C. Whitney & Co. on June 26 for an undisclosed sum. J.C. Whitney has estimated annual sales of more than $200 million.
Christine Croissant, director of communications for Riverside, says the …

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June 25, 2002




Guild.com paints wide strokes with partnerships

Multichannel fine-art marketer Guild.com has formed strategic partnerships with Artland and PicassoMio.com to expand its merchandise offerings. Guild will sell New York-based Artland’s limited-edition prints through its catalogs, Website, and e-mail. And through its partnership with PicassoMio, …

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June 24, 2002




Good 1Q news, bad 1Q news for Lillian Vernon

First-quarter revenue for Rye, NY-based Lillian Vernon Corp. slipped from $39.7 million last year to $36.9 million for the three months ended May 25. Circulation cuts accounted for the decline, however. In fact, the multititle gifts and home goods mailer said that revenue …

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June 24, 2002




Good 1Q news, bad 1Q news for Lillian Vernon

First-quarter revenue for Rye, NY-based Lillian Vernon Corp. slipped from $39.7 million last year to $36.9 million for the three months ended May 25. Circulation cuts accounted for the decline, however. In fact, the multititle gifts and home goods mailer said that revenue …

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June 24, 2002




Good 1Q news, bad 1Q news for Lillian Vernon

First-quarter revenue for Rye, NY-based Lillian Vernon Corp. slipped from $39.7 million last year to $36.9 million for the three months ended May 25. Circulation cuts accounted for the decline, however. In fact, the multititle gifts and home goods mailer said that revenue …

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June 21, 2002




House committee shoots down postal reform bill

(Direct Newsline) The House Government Affairs Committee decisively defeated the Postal Accountability and Enhancement Act, effectively scuttling the prospect of legislative reform of the U.S. Postal Service for at least the next two years.
The bill (HR 4970), developed by …

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June 19, 2002




Teamsters turn down initial UPS proposal

The International Brotherhood of Teamsters, which represents United Parcel Service workers, expressed doubts that a new contract could be worked out much before the July 31 deadline.
The union criticized UPS’s initial economic plan, which the carrier put forth on …

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June 19, 2002




Financial reports: Franklin Covey, Successories

Catalog sales down at Franklin Covey Salt Lake City-based
Franklin Covey (NYSE: FC), a manufacturer/marketer of “personal management tools,” posted a net loss of $11.8 million for its fiscal third quarter ended May 25. That’s an improvement from the third …

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