MCM staff

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PC Connection’s Sales Fall 10%

| MCM staff

Information technology products merchant PC Connection saw its fourth-quarter and 12-month sales fall for the period ended Dec. 31. Net sales for the quarter decreased 10%, to $439.1 million and slipped 2%, to $1.75 billion for the fiscal year.

Winners of Bubble Wrap Competition Announced

| MCM staff

Protective packaging manufacturer Sealed Air Corp. has announced the winners of its third annual Bubble Wrap Competition For Young Inventors, a nationwide competition in which students in grades 5 through 8 design an invention that makes use of Bubble Wrap brand cushioning.

Reorg, Layoffs for Macy’s

| MCM staff

Department store chain Macy’s said Monday it is cutting 7,000 jobs–about 4% of its total current workforce–in its stores, distribution centers and offices. The company is reorganizing, eliminating its Macy’s division structure and integrating all functions into a single organization.

Chapter 11 For Parent Co.

| MCM staff

The Parent Co. and its Subsidiaries in December filed for bankruptcy. The multichannel children’s products retailer filed a voluntary petition for reorganization

Movers and Shakers

| MCM staff

Musician’s Friend president/chief operating officer Craig Johnson has assumed the role of CEO Founder Robert Eastman, who stepped down as CEO of the company

Corrections

| MCM staff

In the January cover story Senior manager, we stated that Tom McIntyre was still president of Dr. Leonard’s Healthcare Corp.; McIntyre left the company