July 26, 2001




Earnings Down at Zones, Up at NBTY

Stamford, CT–With change, comes pain. So it goes with computer reseller Zones (Nasdaq: ZONS ), which stopped actively marketing to consumers at the start of the second quarter to focus small and midsize businesses. For the three months ended June 30, Renton, …

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July 26, 2001




F&G Hires Interim Chief at $21K a Week

Peoria, IL–As reported in the “Peoria Journal Star” this week, bankrupt horticultural mailer Foster & Gallagher (F&G) has hired Lawrence M. Adelman, a principal of Chicago-based liquidation firm AEG Partners, as its interim chief to oversee the company’s liquidation—…

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July 24, 2001




Business Booming At Gaiam

Broomfield, CO–Healthy living products equal a healthy balance sheet, at least in multititle cataloger Gaiam’s case. The company, whose titles include Real Goods and Gaiam Lifestyle, reported a solid second quarter ended June 30: Sales increased to $22 million from $11.4 million …

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July 24, 2001




Spiegel Group’s Second Quarter Reflects Slowdown

Downers Grove, IL–Multititle apparel and home goods cataloger The Spiegel Group [NASDAQ: SPGLA], whose titles include Newport News, Eddie Bauer, and Spiegel, saw sales and earnings slip for the second quarter ended June 30. The company reported earnings of $5.0 million, or $0.04 …

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July 23, 2001




Lands’ End Launches Licensing Business, Files Litigation

Dodgeville, WI—Hoping that its consumers will be true to their schools, general merchandise giant Lands’ End will launch the Alumni Collection, a line of apparel embroidered with logos of 35 universities and colleges, in its October catalog. Lands’ End appointed …

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July 23, 2001




Ashford.com Spins Off Art Division

Houston–Online luxury gifts cataloger Ashford.com has spun off its art division, cataloger Guild.com, as an independent company. After the spin-off, effective July 31, Ashford.com and Guild.com will become strategic partners, sharing revenue from Guild.com art sales …

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July 20, 2001




F&G ESOP Under Further Scrutiny

Washington—As customers, former employees, and fellow catalogers try to figure out what went wrong with Foster & Gallagher, lawyers and politicians are pressing on to determine if the now defunct Peoria, IL-based cataloger acted improperly regarding its Employee Stock Ownership …

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July 20, 2001




Office Depot Earnings Down 27%

Delray Beach, FL—Office products giant Office Depot (NYSE: ODP) posted lackluster numbers for its second quarter ended June 30. Total sales decreased 3%, to $2.6 billion, compared to the second quarter of 2000. Comparable worldwide sales in the 814 stores decreased 2% for the second …

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July 20, 2001




West Marine Boosts Bottom Line

Watsonville, CA—Specialty boat supplies and apparel multichannel marketer West Marine>/b> (Nasdaq: WMAR) is managing to weather the rough economic seas. The marketer reported a 20% rise in net income to $13.7 million for the quarter ended June 30, compared to $11.4 million …

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July 19, 2001




iGo Faces Delisting; Requests Hearing

Reno, NV—Looks like more bad news for wireless products marketer iGo Corp. On July 17—the same day iGo (Nasdaq: IGOC) announced a 27% staff reduction—the marketer received notification from Nasdaq that its stock was subject to delisting for failing …

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