News

Albert Casey, who in 1986 served the shortest term as postmaster general since the U.S. Postal Service was reorganized in 1971, died on July 10.

Although previous reports indicated that the Sundance Catalog Co. had last week received a capital infusion from two private equity firms, sources confirm that the company has been sold.

St. Louis-based Angelica Corp. has entered into a definitive agreement to sell of substantially all of the assets of its Life Uniform retail division to Healthcare Uniform Co., a newly formed affiliate of private equity firm Sun Capital Partners. The purchase price will be approximately $12 million in cash and about $4 million on a note, plus assumption of approximately $6 million of liabilities.

With the notable exception of San Francisco-based Sharper Image–which increased catalog sales a whopping 42% for the month of June–catalog sales had a hard time keeping up with retail revenue, at least according to the publicly traded marketers tracked by Catalog Age.

The Direct Marketing Association on July 7 named John Greco Jr. president/CEO. He replaces Bob Wientzen, who left the organization at the end of June.

Eddie Bauer