2011 MCM 100 Top 10: Gifts

| MCM staff

Gifts is one of those catch-all categories that encompass a wide range
of merchandise that may or may not be purchased as a gift

Online Gift Cards Pick Up Steam

| Tim Parry

Not only are gift cards still hot, the medium has quickly gone from paper to pixels, according to Lauren Freedman, president of ecommerce E-tailing Group.

Debt Forces Oriental Trading Into Chapter 11

| MCM staff

In an effort to pay down debt, OTC Holdings Corp., owner of gifts and novelty merchant Oriental Trading, on Aug. 25 filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

Steiner Leisure Buys Bliss

| MCM staff

Steiner Leisure Ltd. has completed the acquisition of Bliss World Holdings from Starwood Hotels & Resorts Worldwide. The purchase price of the acquisition, initially announced in November, was $100 million and included all of the issued and outstanding capital stock.