Liquidators Win Bid to Buy Bombay Co.
A joint venture of Gordon Brothers Retail Partners and Hilco Merchant Resources has submitted the winning bid in the auction to acquire the operations of Bombay Co. Inc., the direct marketer and retailer and that filed Chapter 11 bankruptcy late last month....
Sharper Image Catalog, Online Sales Take a Dive
Sharper Image Corp. posted sales of $19.6 million for September, a 39% drop from sales of $31.9 million in the prior year. ...
Neiman Marcus Direct Revenue Rises 5.7% in September
Neiman Marcus Inc. posted revenue of $466 million for September, an 8.6% increase over revenue of $430 million in the prior year....
Jos. A. Banks DM Sales Fall 0.4%
Jos. A. Bank Clothiers Inc. reported net sales of $49.9 million for September, an 8.2% increase over net sales of $46.1 million last year. ...
Veronis Suhler Acquires Tranzact for $185 Million
Veronis Suhler Stevenson has acquired Tranzact, a direct marketing services firm, for $185 million from Halyard Capital. ...
Catalina Acquisition Closes
Vsurance Inc., a San Francisco-based pet health insurance provider, has completed its previously announced acquistion of Catalina Marketing Corp....
Acxiom Deal Falls Through, New Company Leader Sought
The proposed $2.25 billion buyout of Acxiom Corp. has fallen through. Former suitors Silver Lake and ValueAct Capital have ponied up $65 million to terminate the deal. Acxiom will remain a publicly traded company. ...
Neiman Marcus Narrows Losses
Neiman Marcus Inc. posted a net loss of $15.9 million for the fourth quarter, compared to a net loss of $42 million last year. ...
Bombay Co. Files Chapter 11
The Bombay Co., Inc. and five affiliated companies have filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. ...
PC Mall Finalizes Sarcom Acquisition
PC Mall Inc. has completed its previously announced purchase of Sarcom Inc. PC Mall paid $55 million for the IT products and services provider, including $47.5 million in cash and $7.5 million in PC Mall stock. ...
Retailers Post Modest August Gains: NRF
Though consumer spending is showing signs of softening, retailers were still able to post modest gains for August, the National Retail Federation announced last week....
Redcats to Purchase United Retail for $199 Million
Redcats Group will acquire United Retail Group Inc., a retailer of large-size women's apparel....
Direct Sales Were Flat for Many Firms in August
(Multichannel Merchant) It was definitely the dog days of summer for most publicly traded companies tracked by MULTICHANNEL MERCHANT. With few exceptions, August sales increases were scarce or nonexistent. ...
Thermo Fisher Scientific Acquires Davis Inotek Unit
Thermo Fisher Scientific Inc., a scientific instruments firm, has acquired the instrument business of direct marketer Davis Inotek Instruments LLC. ...
Sharper Image DM Sales Drop 67% in August
Sharper Image Corp. posted sales of $21.9 million for August, a 34% drop from sales of $33.4 million in the prior year. ...
Jos. A. Banks August DM Sales Rise 1.1%
Jos. A. Bank Clothiers Inc. reported net sales of $33.9 million for August, a 14.5% increase over $29.6 million in the prior year. ...
Click Tactics, Intrasight to Merge
Multi-channel marketing services firm Click Tactics Inc. and Intrasight, a relationship marketing company, will merge. The combined entity will use the Click Tactics name....
Restoration Hardware Reports Loss
Restoration Hardware Inc. posted a net loss of $7.9 million for the third quarter, compared with net income of $236 million for the same period last year. ...
Swedish Match Finalizes Cigars International Acquisition
Swedish Match AB has completed its purchase of Cigars International Inc., a cigar and related products direct marketer. Terms of the acquisition were not disclosed. ...
Delia's Losses Worsen
Delia's reported a net loss of $5.1 million for the second quarter, compared to a net loss of $3.1 million in the prior year. ...
Coldwater Creek Income Drops 27.6%
Coldwater Creek Inc. reported net income of $8.7 million for the second quarter, a 27.6% drop from net income of $12 million last year. ...
Tiffany Income Surges 41%
Tiffany & Co. posted net earnings of $63.2 million for the second quarter, a 41% increase over $44.7 million in the prior year. ...
Soft Sales In All Channels Mark Harold's Stores' Second Quarter
Harold's Stores Inc. reported a second-quarter net loss of $4.8 million, compared with a $5 million net loss a year ago. The company's sales fell from $19.3 million in second-quarter 2006 to $17.5 million during the quarter just ended. ...
Halyard Capital Buys Stake in TenUnited
TenUnited, a marketing agency with around $200 million a year in billings, has sold a majority share to Halyard Capital, and will be merged early next year with the database agency Direct Impact, according to published reports....
Restructuring Costs Take Toll On ValueVision
ValueVision recorded a net loss of $5.4 million during second-quarter 2007, compared with a loss of $700,000 a year earlier. ...
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