Third Quarter Profits Shoot Up at 1-800-Flowers.com
Things are looking up for Carle Place, NY-based 1-800-Flowers.com, which reported third-quarter net income of $3.3 million — a 212% increase over the same period last year.
News
Sharper Image Officially For Sale
Sharper Image Corp. announced today it will pursue a sale of its business and assets pursuant to the provisions of the bankruptcy code. The San Francisco-based gifts and gadgets merchant, which had filed for Chapter 11 in February, will solicit indications of interest from potential acquirers.
Henry Schein Buys U.K. Distributor
Dental and medical products supplier Henry Schein announced Monday that it has acquired U.K. distributor Minerva Dental Ltd.
Celebrate Express Back on the Block
On the heels of a disappointing fiscal third quarter, Kirkland, WA-based party supplies merchant Celebrate Express has hired New York-based investment bank Cowen and Co. after third parties expressed an interest in buying the company.
Tough Times for Talbots
The credit crunch is hitting The Talbots hard.
Red Envelope Files Chapter 11, Finds a Buyer
Less than two weeks after MULTICHANNEL MERCHANT reported that Red Envelope was in talks with two potential buyers, the San Francisco-based gifts cataloger has filed for Chapter 11 bankruptcy protection.
BabyUniverse Launches Catalog
After doing business online for the past 11 years, BabyUniverse, a subsidiary of The Parent Co., has gone multichannel with the release of its new catalog.
Gander Mountain Net Income Falls 62%
Fourth-quarter sales slipped 2.8% to $317.6 million for St. Paul, MN-based sporting goods retailer Gander Mountain.
Ross-Simons Slams Proposed USPS Rule Change For ‘Slim-Jim’ Processing
Officials for jewelry and gifts merchant Ross-Simons say a proposed rule adjustment by the U.S. Postal Service, if implemented, would lead to the elimination of its entire circulation of 20 million letter-size catalogs in 2008.
New York Rules Out-of-State Web Merchants Must Collect State Taxes
New York Gov. David Paterson signed into law on April 15 a provision that will require out-of-state online retailers to collect state and local sales taxes.