Golfsmith’s Net Revenue Up, Direct Sales Down
Golfsmith International Holdings (Nasdaq (GM): GOLF) reported a 9.5% rise in second-quarter net revenue to $125 million, up from $114.1 million, for the three months ended July 1.
News
Musician’s Friend Helps Boost Guitar Center
Westlake Village, CA-based Guitar Center (Nasdaq: GTRC) posted a 28.1% increase in direct response net sales, including revenue from the Medford, OR-based Musician’s Friend catalog.
Domtar Closing Mill, Paper Machines
Continuing the trend of paper mill closures, Domtar Corp. announced it would permanently close its mill in Gatineau, Quebec, along with its converting center in Ottawa, Ontario. What’s more, Domtar plans to permanently close two paper machines, one located at its Woodland mill in Baileyville, ME, and another at its Port Edwards, WI, mill.
Cabela’s 2Q Sales Up 16.5%
Second-quarter sales at Cabela’s (NYSE: CAB) rose 16.5% to $451.2 million, up from $387.3 million for the same period in 2006.
Eight From Eight By Eight
(Direct Newsline) It’s unclear how many of Amy Africa’s eight recommendations for online marketing were actually absorbed by her audience at the Direct Marketing Association’s Fast Forward event. Africa started her session by expressing her disdain for the list industry, whose offline, paper-focused orientation she likened to an afghan blanket: “comfortable, colorful and out of date.”
List Firms Discuss M&As; Mandel Teases Pending Deals
(Direct Newsline) Put aside the 36 acquisitions infoUSA has made since 1990, and leave off the handful Primis Marketing Group Inc. has completed in two years: Lon Mandel, president and CEO of Specialists Marketing Services Inc. hinted at two purchases so fresh for his company that he wouldn’t even name the companies in question. All he would say during a List Day panel is that the expected the deals to close within the next 45 days.
Harry & David DC a Big Deal in Ohio
Harry & David’s largest distribution center is about to get a little bigger: The multichannel retailer best known for its Moose Munch candy mix and its Royal Riviera pears is adding 45,000 sq.-ft. to its Hebron, OH-based facility. The $16 million expansion will be completed in fall 2008.
Sheplers Sold to Investor Group
Private equity player Gryphon Investors, along with Growth Ventures Group, have acquired $125 million plus western wear cataloger/retailer Sheplers.