MCM staff

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ThreeSixty Group Acquires The Sharper Image

| MCM staff

ThreeSixty Group, Inc. a provider of branded consumer products to the nation’s largest retailers, announced that it has acquired The Sharper Image brand from Iconix Brand Group, Inc. See what ThreeSixty Group had to say about the acquisition and what it means for them.

House Judiciary Committee Releases Principles on Internet Sales Tax

| MCM staff

Today the House Judiciary Committee released basic principles pertaining to the issue of Internet sales tax. To develop these principles, the Committee received input directly from taxpayers, industry and trade groups, and representatives of state and local governments. The principles are intended to guide discussion on this issue and spark creative solutions.

J.Crew 2Q Direct Sales up 13%

| MCM staff

J. Crew’s second quarter direct sales increased 13% to $151.8 million following an increase of 16% in the second quarter last year.