Sale or sink for Red Envelope

| Tim Parry

Red Envelope warned in February that it had only enough money to operate the business through June. But at press time it was looking like the gifts cataloger

Cultivating Loyalty

| MCM staff

Continuity marketers know how difficult it is to generate new leads and then nurture them through the conversion funnel. The honeymoon phase when the

Financial Reports, Sport Supply Group, Tessco

| MCM staff

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

| Jim Tierney

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.

Sharper Image Officially For Sale

| MCM staff

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.