Spiegel Update: New Owner, Old Management
Earlier this summer it certainly appeared that Hinsdale, IL-based holding company Pangea Holdings would be the winner of the Newport News apparel catalog
MCM staff
Bankrupt French Country Living Folds
Great Falls, VA-based home furnishings cataloger/retailer French Country Living on July 16 filed for Chapter 7 bankruptcy release and abruptly went out
New FAO Schwarz Owner Buys Bankrupt Sure Fit
The D.E. Shaw Group, which in July bought toys cataloger/retailer FAO Schwarz out of bankruptcy, on Aug. 11 bought the assets of another bankrupt cataloger: Sure Fit, a manufacturer/marketer of furniture slipcovers.
Financial Report: Hanover Direct’s 2Q Sales Down 9%
Apparel and home goods cataloger Hanover Direct posted a 9% drop in second-quarter net revenue.
Financial Report: Operating Income Drops at Aramark Direct Unit
Second-quarter operating income for the Uniform and Career Apparel Direct Marketing unit of Aramark Corp. (NYSE: RMK), which includes the Galls, Wearguard, and Crest Uniform titles, fell 40%, to $2.5 million for the three months ended July 2.
Financial Report: Tiger Direct Web Sales Fuel Systemax
Port Washington, NY-based PC and warehouse supplies manufacturer/marketer Systemax (NYSE: SYX) shook off nearly $1 million in restructuring charges and still posted a profit.
Alloy Reassigns CFO For Possible Spin-off
With an eye on spinning off its catalog business from its marketing and promotions division, New York-based Alloy on Aug. 5 named chief operating officer Jim Johnson chief financial officer.
Financial Reports: PC Mall, J. Jill, Design Within Reach, More
Torrance, CA-based PC Mall couldn
Martha Stewart Catalog to Close
As revenue at Martha Stewart Living Omnimedia continues to tumble, the New York-based company plans to eliminate its catalog business by year
Sharper Image, “Consumer Reports” Face Off in Court
San Francisco-based cataloger/retailer Sharper Image wants to clear the air over what it says is inaccurate and misleading editorial content published in “Consumer Reports” magazine