May 2, 2002




Financial reports: RedEnvelope, Kennametal, and more

RedEnvelope revenue up 71% for the year
Privately held gifts cataloger RedEnvelope says it reaped $56 million in sales for its fiscal year ended March 31—a 71% increase from the previous year. The San Francisco-based company expects to end the current fiscal year …

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In News

May 1, 2002




Warehouse Workflow HANDBOOK

Variety may be the spice of life, but too much of either variety or spice leads to imbalance. The inherently variable nature of warehouse and distribution operations is both a curse and a blessing. On the one hand, it is …

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In Opsandfulfillment_warehouse-20-03-2013, Shipping/Delivery

April 18, 2002




Federated: We’re not in talks with J.P. Morgan

Federated Department Stores
spokesperson Carol Sanger sharply denies that J.P. Morgan Partners was in talks with the Cincinnati-based retailer to purchase Fingerhut Cos. subsidiaries Arizona Mail Order and Figi’s.
“We are not in discussions with J.P. Morgan …

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In News

April 1, 2002




Spiegel’s Had Enough of the Credit-Card Business

The Spiegel Group announced on Feb. 21 that it would sell its private-label credit-card business, which includes its First Consumers National Bank subsidiary, and shutter 45 underperforming Eddie Bauer stores. The company also plans to cut back circulation of its catalog businesses — …

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In Uncategorized

April 1, 2002




At Deadline

READER’S DIGEST TO ACQUIRE REIMAN PUBLICATIONS, CATALOG
Reader’s Digest Association, which in addition to its magazines, books, and direct marketing businesses operates the Good Catalog, Good Finds, and Gifts.com catalogs, announced on March 22 that it had agreed to buy …

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In News

April 1, 2002




Healthy Deal for Dr. Leonard’s Healthcare

The sale of Dr. Leonard’s Healthcare Corp., which consists of the Dr. Leonard’s and Carol Wright Gifts catalogs, is good news for owner American Securities, which had the businesses on the selling block for only a few months. But the …

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In News

March 27, 2002




Fingerhut deal near?

A deal to save the Fingerhut catalog business may be finalized by the end of the week.
Potential buyer Peter Lytle of Wayzata, MN-based Business Development Group (BDG) told the St. Paul “Pioneer Press” this week that financing is in …

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In News

March 23, 2002




Live from NEMOA: Blair “quietly proactive” about acquisitions

Cambridge, MA–During his session at the New England Mail Order Association (NEMOA) Spring Conference on March 22, Blair Corp. president/CEO John Zawacki said that the cataloger’s goal is to reach $1 billion in sales by the end of the decade.
But …

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In News

March 21, 2002




Limited completes tender offer for Intimate Brands

Columbus, OH-based The Limited (NYSE: LTD) completed its offer on March 21 for all the shares of Intimate Brands (NYSE: IBI) it doesn’t already own, receiving 72.6 million tendered shares.
On March 12, Intimate Brands, , which mails the Victoria’s Secret and Bath & …

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In News

March 15, 2002




At Deadline

FINGERHUT AWAITING WORD FROM PROSPECTIVE BUYER At press time it was unknown whether Federated Department Stores’ nonbinding letter of intent to sell its Fingerhut Cos. division would be followed with a firm deal. On Feb. 21, Federated announced that Wayzata, MN-based …

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