Catalog
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Agencies
Borders Group May Sell; Lines Up $42.5 Million Infusion
Borders Group Inc., the direct marketer and retailer of books, said Thursday it may put itself up for sale and has lined up $42.5 million to stay in business.
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Agencies
Next plc Income Rises 6.8%
Next plc, parent of the Next Directory catalog, posted net income of $353.9 million pounds ($701.3 million) for the year ended Jan. 31, a 6.8% increase over 331.5 million pounds ($656.9 million) in the prior year.
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Agencies
Charming Shoppes Posts $23 Million Loss
Charming Shoppes Inc. posted a net loss of $23 million for the fourth quarter compared to net income of $24.9 million in the prior year.
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Agencies
Lillian Vernon Reaches Tentative Sale Agreement
Lillian Vernon Corp., which filed for chapter 11 bankruptcy protection last month, has reached a tentative agreement to sell the cataloger to an unnamed company for $9.3 million.
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Agencies
Live From NEMOA: Allen Receives Leadership Award
Former Vermont Country Store president Bob Allen received the New England Mail Order Association’s Leadership Achievement Award on Thursday at the group’s spring conference in Cambridge, MA.
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Agencies
ForestEthics Launches Effort for Do Not Mail Registry
Conservation group ForestEthics has launched a campaign to establish a Do Not Mail Registry modeled on the telemarketing do-not-call registry.
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Agencies
Bill Would Let Merchants Negotiate Credit Card Fees
Catalogers have long wanted relief from the fees charged by credit card issuers. But a bill introduced in Congress last week may not be the best way to get it.
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Agencies
Penney Posts Losses
J. C. Penney Co. Inc. posted net income of $430 million for the fourth quarter, a 3.6% decrease from net income of $477 million in the prior year.