First-Quarter Revenue, Bottom Line Down for Red Envelope
Net revenue for San Francisco-based gifts cataloger Red Envelope (Nasdaq: REDE) decreased 9%, to $24.5 million in the first quarter ended July 1. That
News
Direct Sales Up 19% at J. Crew
Apparel cataloger/retailer J. Crew had plenty of good news to report from its second quarter ended Aug. 4. The New York-based company
Orchard Brands Buys Two More Books
In its quest to become the one-stop destination for consumers age 55+, Orchard Brands on Sept. 14 acquired gifts book Gold Violin and undergarments title WinterSilks. Terms of the transactions were not disclosed.
Sour Quarter, Tasty Year For Harry & David
Food gifts mailer Harry & David might have ended its fiscal 2007 on a down note, but results for the year made up for it.
Fourth-quarter net sales at Harry & David Holdings decreased 3.1%, to $62.9 million for the 13 weeks ended June 30. Officials for the Medford, OR-based merchant attributed the slight decrease to fewer catalog and Internet sales from the direct marketing segment, as well as the timing of the Easter holiday, which resulted in more third-quarter sales than fourth quarter.
Sharper Image Sales Slump, Will Close VA DC
Fiscal problems continued to shadow gifts and gadgets cataloger/retailer Sharper Image during the second quarter ended July 31.
Dynamic Resource Group Founders Killed In Auto Accident
The director emeritus of Dynamic Resource Group, Arthur Muselman, 77, and his wife Gloria Muselman, 76, died tragically in a two-car accident in Reiffsburg, IN, on Aug. 30.
Boden Hits the Newspapers
With a $220 average order, U.K.-based apparel cataloger Boden attracts a well-heeled customer
Redcats USA Acquires United Retail Group
New York-based multititle cataloger Redcats USA announced Sept. 11 it bought United Retail Group for $198.9 million, or $13.70 per share in cash. United Retail Group is a specialty retailer of plus-size women
August Sales Roundup
It was definitely the dog days of summer for most of the publicly traded companies tracked by MULTICHANNEL MERCHANT. With few exceptions, August sales increases were scarce or nonexistent.
Thermo Fisher Scientific Buys Davis Inotek Instruments
Business-to-businesses industrial products manufacturer/marketer Thermo Fisher Scientific announced Sept. 5 it has acquired the $30 million instrument sales business of Davis Inotek Instruments.