January 30, 2002




Fingerhut offers workers paid leave

In the latest installment of the Fingerhut saga, the general merchandise cataloger has offered some employees paid leave with full benefits. “The work has slowed down considerably,” says spokesperson Ben Saukko. “We don’t want to start any new products …

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January 30, 2002




Sur La Table reaps $14 million in financing

Kitchenware cataloger/retailer Sur La Table has completed a $14 million round of financing. The new funding was raised by the private investment firm Freeman Spogli and Co., and the Behnke family, which bought Sur La Table in 1995.
Seattle-based Sur La …

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In Uncategorized

January 30, 2002




UPS’s fourth quarter a mixed bag

Spurred by a strong finish to holiday 2001 in the U.S. and an 8% growth in overseas shipments, United Parcel Service posted a more than 2% fourth-quarter revenue gain, to $8.10 billion for the three months ended Dec. 31, up from $8.08 billion in 2000. But …

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January 30, 2002




Black Box buys another German marketer

Lawrence, PA-based networking systems cataloger Black Box Corp. on Jan. 29 acquired Stuttgart, Germany-based NKS Netzwerke Kabel Systeme GmbH, a $1 million (U.S.) technical design, installation, and maintenance services marketer for premise cabling and related products to customers in Southern Germany. “…

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January 30, 2002




Financial reports: Grainger, Zones, and more

Annual Sales and Earnings Down for Grainger, Lab Safety
Industrial supplies manufacturer/marketer W.W. Grainger (NYSE: GWW), whose divisions include the Lab Safety Supply and Ben Meadows catalogs, reported a 4% decline in annual sales and a 10% drop in net …

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January 28, 2002




Aerosoles steps out with redesign

The new year brought a new look for Aerosoles. The manufacturer/marketer of shoes and accessories introduced its redesigned catalog with the mailing this month of its Spring Preview edition.
Aerosoles mailed 630,000 copies of the 36-page book to house file …

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In International

January 25, 2002




Fingerhut talks under way

The Minneapolis “Star Tribune” reports that talks are under way for Federated Department Stores to sell its Fingerhut catalog rather than liquidating it. According to the paper, Federated executives met with several potential buyers in an hourlong meeting the evening …

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January 24, 2002




Financial reports: PC Connection, NBTY

PC Connections Earnings Down 75% for 4Q, 77% for Year
Weak demand from businesses and consumers alike led to a disappointing fourth quarter and year for computer cataloger PC Connection (NASDAQ: PCCC). Net sales for the three months ended Dec. 31 were $273.1 million, …

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January 24, 2002




L.L. Bean lays off 175

L.L. Bean
on Jan. 23 said it had laid off 175 employees—or 4% of its 4,200-person workforce–in its biggest job reduction in seven years. Most of those affected were salaried employees in the company’s marketing and merchandising departments in the …

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January 24, 2002




December online sales hit $5.7 billion

Sure, 2001 went out with a whimper economically. But that didn’t deter consumers from shopping online. According to Forrester Research and Greenfield Online, total U.S. spending online hit $5.7 billion in December, up from $4.9 billion in November and $5.0 billin in …

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