News

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.

Nonprofit spam-blocking group Spamhaus has accused Yahoo! of hosting thousands of phishing sites. The news comes amid an effort by giant e-mailbox providers, such as Yahoo!, Microsoft, and AOL, to prod marketers and other e-mail senders to authenticate

New York-based Alloy filed with the Securities and Exchange Commission on Sept. 7 to spin off its catalog/retail division from its marketing and media services unit.

In the aftermath of Hurricane Katrina, marketers are recalling the hard-won lessons of four years ago, following the Sept. 11 terrorist attacks.

Both upscale merchant Neiman Marcus and men’s clothier Jos. A. Bank saw solid gains for the quarter ended July 30.