News

New York-based cataloger/retailer J. Crew Group reported a 150% leap in second-quarter operating income, to $20 million for the 13 weeks ended July 30.

Having changed its name from CatalogCity, Shop.com is in the midst of a rebranding effort to boost sales for its merchant customers and for the first time etch its name into consumers’ minds.

In a surprise move, $14.4 billion office products cataloger/retailer Office Depot on Sept. 12 said it planned to close the domestic operations of its Viking Office Products business and merge it within its Office Depot operations.

Shares of the initial public offering from Medford, OR-based Harry and David Holdings, the mailer of food gifts cataloger/retailer Harry and David and horticultural mailer Jackson & Perkins, will be offered at $13-$15 a share

The U.S. Postal Service has lifted the suspension of standard
letters and periodicals destined for zip codes 369, 393, and 394. Drop
shipment appointments to these zip codes are being accepted

Dallas-based Collegiate Pacific has agreed to swap stock to acquire the 47%
it doesn’t already own in sporting goods and physical education equipment
marketer Sport Supply Group Inc. for $6.74 a share. On Sept. 7, Sport Supply closed at $5.95 a share.

New York-based Alloy cut its net loss from $11.2 million quarter ended July
31 to $3.1 million during the same period.

Alan Lacy was replaced as CEO of Sears Holdings, and chairman Edward Lampert is assuming responsibility for marketing and merchandising.

Due to the discovery of errors in accounting for inventory at its Tiger
Direct subsidiary, Port Washington, NY-based computer and industrial supplies manufacturer/marketer Systemax restated its results for the year ended Dec.
31.