February 28, 2001




EToys Finally Played Out

Los Angeles–Unable to find further capital or a buyer, floundering online toy retailer eToys plans to shut down next week and file for bankruptcy protection from creditors. According to published reports, the company will sell off its assets, but eToys’ $274 …

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February 27, 2001




Lab Safety Supply Buys Ben Meadows Catalog

Safety maintenance supplies cataloger Lab Safety Supply, a division of $900 million MRO cataloger/distributor W.W. Grainger, on Feb. 26 bought $20 million environmental and forestry equipment cataloger Ben Meadows Co. for an undisclosed amount. The acquisition provides Lab Safety with a “…

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February 21, 2001




End of the Road for Computertown?

Salem, NH—Could this be the end of cataloger/retailer Computertown? According to computer industry publication “MacCentral,” Computertown has reportedly closed its catalog business along with its Nashua, NH, store. Computertown has two remaining retail locations in Phoenix and Salem, …

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February 21, 2001




Movers and Shakers

Chestnut Hill, MA-based The Neiman Marcus Group has named president/chief operating officer Burton M. Tansky CEO. Previously he was chairman/CEO of Neiman Marcus Stores.
New York-based Saks Fifth Avenue Enterprises promoted Sheri Wilson-Gray to chief marketing officer from …

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February 21, 2001




Penney Names Two Catalog Execs

Plano, TX–Former Spiegel president/CEO John Irvin has been named senior vice president/president of catalog and Internet for J.C. Penney, effective Feb. 19. Before joining Spiegel, Irvin was senior vice president/general merchandise manager at Mervyn’s, as well …

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February 21, 2001




Catalogers Aglow Over Valentine’s Day Sales

Stamford, CT–Although some catalogers reported disappointing January sales, February was looking up for others, thanks to strong Valentine’s Day gift sales.
In general, the Valentine’s Day gift business is booming: U.S. consumers spent $3.6 billion on Valentine’s …

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February 21, 2001




Financial Reports: Systemax, Spiegel, Sportsman’s Guide, and More

Systemax Sales, Earnings Plummet

Port Washington, NY—Annual net sales at computer, office supplies, and industrial supplies manufacturer/cataloger Systemax (NYSE: SYX) fell 4%, to $1.7 billion from $1.8 billion. Worse, the company posted a net loss of $40.8 million, compared to net income …

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February 21, 2001




Omaha Steaks Scores With Online Meals Catalog

Omaha, NE—Launched earlier this month, food cataloger Omaha Steaks’ Web-only catalog of prepared frozen meals, A La Zing, appears to be a runaway success. “We hit our first month’s projections on the first day,” says director of marketing …

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February 21, 2001




Idaho State Rep Pushes “Michael Jordan Bill”

Moscow, ID—Idaho state representative Tom Trail (R-Moscow) wants Idaho residents to cash in on the sale of information about their buying habits, according to a report in Idaho’s “Lewiston Morning Tribune.” To that end, Trail has proposed a …

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February 21, 2001




Coldwater Creek Lays Off 14

Sandpoint, ID–Citing an ecomonic slowdown, apparel cataloger Coldwater Creek has laid off 14 workers in an effort to cut costs, according to wire reports. The company has more than 2,000 employees nationwide. Despite the cutbacks, the company still plans to open up …

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