Mal Dunn Owed Six-Figure Sums to List and Data Suppliers
List firms have reason to feel nervous following last Friday’s Chapter 11 bankruptcy filing by Mal Dunn Associates Inc.
News
Home Depot Supply Deal Done–Finally
If you need further proof that the dismal housing market is hurting the catalog/retail industry, Home Depot this week finally sold its business-to-business division to three private equity firms
Mal Dunn Files Chapter 11
List firm Mal Dunn Associates has filed for Chapter 11 bankruptcy protection.
AJ Prindle Sold to Private Investment Firm
AJ Prindle & Co., a multichannel business-to-consumer retailer of automotive accessories and a provider of incentive purchase programs to auto manufacturers and their dealer groups, was purchased Aug. 20 by Buffalo, NY-based private investment firm Banyan Enterprises.
Scrip Buys New Life Systems
Looking to bolster its presence in the spa and wellness market, Scrip Companies acquired New Life Systems, a manufacturer and catalog distributor of massage and spa products on Aug. 17. Terms of the deal were not disclosed.
Direct Sales Fuel Staples’ 2Q
Total sales at Staples (Nasdaq: SPLS) increased 11% to $4.3 billion compared to the second quarter of 2006, the company announced Aug. 21. Net income for the Framingham, MA-based merchant rose 11% year over year to $179 million, and earnings per share, on a diluted basis, increased 14% to 25 cents, from the 22 cents achieved in the second quarter of last year.
Arandell Corp. to Expand Its Plant
Arandell Corp., one of the largest catalog printers in North America, is about to become larger
Cabelas Acquires Canadian Retailer
Canada is turning into a strategic vantage point for outdoor sporting gear merchant Cabela
Melissa Dowling Takes Top Edit Spot at Multichannel Merchant
Melissa Dowling has been named editor-in-chief of Multichannel Merchant, effectively immediately. She replaces Sherry Chiger, who left the magazine in June.
Net Loss for Talbots in 2Q
Apparel cataloger/retailer The Talbots (NYSE: TLB) announced a net loss of $13.3 million, or $0.25 per share, for the second quarter ended Aug. 4. The company lost $3.9 million during the same period in 2006. Total same-store sales fell 4.8%. By brand, same-store sales decreased 4.9% for Talbots and 4.3% for J. Jill.