MCM staff
Blaming postal increases and chaotic economic conditions, gifts and home decor cataloger TouchStone is closing its doors. The merchant, which is not filing for bankruptcy, has begun a controlled and orderly phasing out of its business.
Catalog printer Spencer Press announced today it is shutting down for good and laying off all workers. Company officials told employees the layoffs will be staggered; Spencer Press is expected to close down completely by mid-June.
The print catalog is not dead yet: R.R. Donnelley has snagged a multiyear $175 million agreement with multititle apparel, gifts and home goods catalog mailer Orchard Brands.
Given that this month we report on the rise in retail returns fraud, a dearth of industry mergers and acquisitions, and the steady
Company Market segment Buyer/investor Investment form Est. price (in millions) OCT 800-JR Cigar Cigars and tobacco Imperial Tobacco Group Acquisition
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Even though new First Lady Michelle Obama has been providing J. Crew with a steady stream of good publicity, the apparel cataloger/retailer is under the same cost pressures as every other merchant today.