MCM staff
Report: online marketers will lose $13.5 billion in 2001
Poor customer service has its cost: $13.5 billion this year, according to market analysis firm Datamonitor. In its report “Online for the Holidays,” Datamonitor
Senate approves Internet-access tax moratorium extension
The U.S. Senate on Nov. 15 voted 57-43 to renew the moratorium on Internet access taxes for another two years, through Nov. 1, 2003. The previous ban,
Financial reports: Varsity, Urban Outfitters
Varsity Brands 3Q Revenue Up 4% Varsity Brands (Amex: RDL), formerly known as Riddell Sports, which manufactures cheerleading and dance team products,
School Specialty net income up 49%, buys Premier School Agendas
Educational supplies giant School Specialty (Nasdaq: SCHS) reported net income of $19.3 million for the quarter ended Oct. 27, up 49% from $12.9 million
Hanover relocates headquarters
As part of its yearlong strategic realignment, multititle mailer Hanover Direct plans to sublet 57,000 sq. ft. of office space in its headquarters in
Spiegel Suspends Quarterly Dividend
Downers Grove, IL–Multititle cataloger/retailer Spiegel Group announced yesterday that it will suspend its quarterly dividend payment and use the funds
Movers and Shakers
Melville, NY-based MRO supplies distributor MSC Industrial Direct promoted Ross Anker, former chief information officer, to senior vice president of product
Former Venator sells San Francisco Music Box
Cataloger/retailer Foot Locker (formerly Venator) on Nov. 13 sold gifts cataloger/retailer The San Francisco Music Box Co. to SFMB Acquisition Corp.,
Financial Reports: Penney, Systemax, Federated, Hanover, Tiffany, and More
NBTY Sales Increased 12%, Income Drops 19% Bohemia, NY