Catalog Prospecting Rate? Not This Year

| Jim Tierney

The U.S. Postal Service was not able to implement a prospecting rate for catalogers this year, according to Stephen M. Kearney, senior vice president, customer relations, for the USPS.

Lenox Group Finds a Buyer

| MCM staff

Private equity firm KPS Partners has won an auction to purchase substantially all of the assets of tableware and collectibles merchant Lenox Group.

REI Eliminates 61 Jobs

| MCM staff

Cooperative outdoor gear and apparel cataloger/retailer Recreational Equipment Inc. (REI) brought some bad news with some good news Wednesday

Layoffs Announced at W.W. Grainger

| MCM staff

With the announcement that its January sales had slipped 9%, maintenance, repair, and operations products marketer W.W. Grainger said yesterday that it will cut 300 to 400 jobs