System helps Art of Shaving grow
While many retailers reported soft sales last year, multichannel merchant The Art of Shaving grew a record-breaking 62% in 2007. The marketer of upscale
News
Gifts and collectibles names not so generous
The gifts and collectibles catalog segment lost about 650,000 names roughly 3% in 2007, according to New York-based media brokerage firm ParadyszMatera.
Backword
LOOKING BACK Mourning The Paragon In all the excitement of Multichannel Merchant’s 25th anniversary this year, we’ve been combing through back issues
Live From Direct Media Co-op: Seeking Spenders? Look Overseas
“The U.S. Consumer is broke, and it’s going to take some time for them to start spending again,” said Kevin Aronin during his keynote Wednesday at Direct Media’s Client Conference and Co-op.
Financial Reports, Sport Supply Group, Tessco
Dallas-based sports equipment merchant Sport Supply Group saw its revenue rise 4.1%, to $65.8 million, for the period ended March 31, while fourth-quarter sales for wireless communications cataloger Tessco Technologies increased 1%, to $128.3 million, for the period ended March 30.
Hanover Direct Lays Off 100
Weehawken, NJ-based multititle mailer Hanover Direct has laid off approximately 100 employees, including workers in its Pennsylvania, New Jersey, Virginia, and Wisconsin offices, according to published reports.
Playboy Outsourcing Direct Business
Playboy Enterprises last month finalized a deal for eFashionSolutions to manage the company
Charming Shoppes May Dump Noncore Titles
Charming Shoppes said Friday that it is considering selling off its noncore catalogs to focus on its Lane Bryant, Catherines, and Fashion Bug brands.
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.
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.