Direct Sales Rise as Harold’s Stores Takes Loss
Harold’s Stores Inc., a Dallas-based upscale clothing marketer, reported a $2 million loss on $23.4 million in sales for the third quarter, compared with $88,000 in net income and $23.3 million in sales a year earlier. The quarter ended Oct. 28....
Mailnet Services Buys Two Database Marketing Firms
Mailnet Services Inc. has acquired Synapse Technology and Conclusive Strategies, two database marketing firms. ...
Hanover Board OKs Chelsey Direct Merger
The board of directors of Hanover Direct Inc. has approved a merger agreement with Chelsey Direct LLC, its largest shareholder for 25 cents per share....
Grainger Buys Two DM Firms in Building Supply
Industrial distributor W. W. Grainger will acquire two direct marketing businesses through its Lab Safety Supply subsidiary, the company announced Friday...
Reader's Digest Bought by Equity Firm for $1.6 Billion
The Reader's Digest Association Inc., operator of the world's largest-circulation magazine as well as a direct-marketing business, has agreed to be acquired by a private equity firm. ...
J.L. Halsey Reports $445,000 1Q Loss
Marketing technology concern J.L. Halsey yesterday reported a net loss of $445,000 on revenue of $8.4 million for the quarter ended Sept. 30, 2006, compared to a profit of $526,000 on revenue of $3.5 million for the same period a year ago. ...
Next Generation Media Posts Q3 Losses
Next Generation Media Corp., the parent company of direct mailer and franchisor United Marketing Solutions, reported drops in both revenue and earnings for third-quarter 2007. ...
Postal Service Reports $900 Million in Income
The U.S. Postal Service reported a net income of $900 million for the 2006 fiscal year that ended Sept. 30. Its total revenues were $72.8 billion, while total expenses were $71.9 billion, according to figures released at the postal Board of Governors meeting....
Lab Safety Supply Focuses on Growth Through Acquisitions
Lab Safety Supply (LSS) of Chicago has signed an agreement to acquire the assets of direct marketers Inspection Equipment Inc. and Construction Book Express Inc., both based in Hauppauge, NY....
ValueVision Reports Record Revenues and Reduces Losses
ValueVision Media Inc. reported double-digit sales growth in the third quarter. Revenues for the quarter hit a record $184.9 million, an increase of 16% compared to the same period last year. ...
Eddie Bauer Sold to Holding Company
Sun Capital Partners Inc. and Golden Gate Capital, two private equity firms working together under the name Eddie B Holding Corp., have purchased catalog retailer Eddie Bauer for $9.25 per share....
DM Sales Lead Staples' Third-Quarter Growth
Staples Inc. generated $4.76 billion in sales during third-quarter 2006, up from $4.25 billion in third quarter 2005....
Sales Slow Following Catalog Circulation Decrease at Harry & David
Harry & David Holdings Inc. reported $27.8 million in direct marketing sales for the first quarter of the 2007 fiscal year that ended Sept. 30. ...
Light at the End of LookSmart’s Tunnel
Dave Hills doesn’t exactly remember how long it’s been since LookSmart turned a profit: “Some quarter in late 2003, I think, or something like that,” he says. Anyway, it was before he left his post as president of media solutions at 24/7 Real Media to take over as LookSmart CEO....
R.R. Donnelley Earnings Jump 61%
R.R. Donnelley & Sons Co. posted net earnings of $165.1 million for the third quarter, a 61% gain over $127.3 million for the prior-year period. ...
Overstock.com Experiences First Quarterly Revenue Decline
Overstock.com Inc. has reported its first quarterly revenue decrease in the third quarter. The online merchandise liquidation firm added that its early fourth quarter revenues are lagging behind the fourth quarter of 2005. ...
SEC Settles With Ex-Spiegel Officers and Directors
Seven former officers and directors of former bankrupt cataloger Spiegel Inc. have settled financial impropriety charges with the Securities and Exchange Commission. ...
Smaller Q3 Loss, Projected Q4 Profit for LookSmart
Online ad network, tech provider and search portal LookSmart reported that an increase in pay-per-click revenue on its network led to a smaller loss in third-quarter 2006 compared to last year....
Prism Business Media to Buy Publisher Penton
Prism Business Media Holdings, the B-to-B media company whose portfolio includes Direct and Multichannel Merchant magazines, announced it has agreed to buy the stock of Penton Media for $194.2 million. ...
Q3 Profits Up 44% at aQuantive
Online ad firm aQuantive reported a 44% year-over-year increase in profits for third-quarter 2006. ...
Catalog, Online Sales Grow 21% in JoS. A. Bank Q3
JoS. A. Bank Clothiers reported that total sales grew 13.2% in third-quarter 2006 to $119.5 million from $105.6 million in the same quarter last year....
SEC Settles With Ex-Spiegel Officers and Directors
Seven former officers and directors of former bankrupt cataloger Spiegel Inc. have settled alleged financial impropriety charges with the Security and Exchange Commission....
Sharper Image Reports October Sales Results
Sharper Image Corp posted sales of $38.1 million for October, a 17% decrease from $46.1 million in the prior year period. ...
Talbots Expects to Report 33% Sales Increase
The Talbots, Inc. expects to report total sales of $568.6 million for the third quarter, a 33% increase over $426.3 million in the prior-year period. ...
Growth of DM Spending to Falter
Direct marketing spending and sales growth are going to slow a bit in 2007, according to new research from the Direct Marketing Association. But both...
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