Hanover Direct to Restate Five Years of Financials
Due to an accounting error relating to the buyer’s club programs of three of its catalogs, Edgewater, NJ-based Hanover Direct is restating five years’ worth of financial statements.
MCM staff
Getting a Handle on Material Handling Equipment
If economic cycles are an accurate indicator, things are looking upbeat for 2005. That’s one conclusion of an analysis of Material Handling Equipment Manufacturing (MHEM) prepared by the Material Handling Industry of America (MHIA). According to a portion of the report, “Industrial Sector by Phase of Cycle” (prepared by the Manufacturing Alliance–MAPI) that illustrates the phases of a model business cycle, MHEM is currently in the “accelerating growth” phase. Indications are that MHEM is expected to remain in that phase through 2005.
Financial Reports: School Specialty, Collegiate Pacific
Fiscal second-quarter revenue for Greenville, WI-based School Specialty (Nasdaq: SCHS) rose 8%, to $361.5 million for the three months ended Oct. 23.
FedEx to Raise Rates Jan. 3
A week after United Parcel Service announced it would be raising rates on Jan. 3, fellow carrier Federal Express followed suit. Effective Jan. 3, Memphis-based FedEx will increase its published rates an average of 4.6%
Are You Ready, Kids, for a Nickelodeon Catalog?
Nickelodeon, the cable-television network that made an animated sponge a household name, has launched a print catalog featuring products and apparel highlighting the characters it made famous.
Net Income Falls at Excelligence
Lower sales in its elementary business and tighter margins in its early childhood division caused Monterey, CA-based Excelligence Learning Corp. (Nasdaq: LRNS) to report modest revenue growth for the quarter but lower earnings
Five Emerging Trends in Database Marketing
First came operational databases that ran order entry and fulfillment activities. From them evolved marketing databases, which have become central to overall business strategies. And from those marketing databases, trends are emerging that affect how we manage our relationships with customers and prospects
New DMA Guidelines for List Owners
Attention, list owners. The Federal Trade Commission (FTC) is watching. To help you steer clear of trouble, last week the Direct Marketing Association released guidelines
Keep Remailing Your Best Buyers
Your best buyers can always withstand one more contact, says Scarsdale, NY-based catalog consultant Michael Grant: “They
Hot Market: Teachers
Looking for a market with millions of prospects who snatch up everything from erasers to apparel? Then consider elementary-school and secondary-school teachers