June 1, 2002




Industry Credit Woes Kill Fingerhut Deal

It would be an exaggeration to blame Spiegel for Federated Department Stores’ failure to sell its Fingerhut Cos. unit. But the woes of Spiegel’s First Consumers National Bank (FCNB) and other credit-based businesses contributed to the inability of Business Development …

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In News

May 7, 2002




Live from Net.marketing: E-mail use up, costs down

(Direct Newsline) New York–The average amount of revenue generated from an online customer grew from $168 in 2001 to $208 in 2002, while the cost to acquire a customer online fell $8, to $30, during the same period, according to a study by the Association for …

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In News

May 7, 2002




Credit issues blamed for death of Fingerhut deal

The woes of credit-based businesses such as Spiegel’s First Consumers National Bank (FCNB) subsidiary contributed to the death of a deal to buy multititle mailer Fingerhut Cos. On May 6, Business Development Group Acquisition (BDGA) and Fingerhut parent Federated Department …

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In News

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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