July 2, 2009 Mobile Friendly    Online Version    Add to Safe Sender List
MCM Weekly: Latest Industry News
From the Editors of MultiChannel Merchant
In this Issue
• Gardens Alive! Buys TouchStone
• Dress Barn Acquires Tween Brands
• InfoGroup Merging Direct Media With Millard
• Sport Supply Group Buys Gus Doerner’s Team Sports Division
• USPS Officially Studying Five-Day Delivery Option
• Blog: Macy’s in Hot Seat for Fireworks Spending
• Blog: H.R. 22 Passes Subcomittee

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Gardens Alive! Buys TouchStone

By Jim Tierney

It didn’t take too long for TouchStone to be scooped up. Gardens Alive! purchased the gifts and home decor catalog and all its assets in May, just two months after TouchStone officials announced they were closing the business.

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Dress Barn Acquires Tween Brands

By Tim Parry

Woman's clothing retailer Dress Barn has acquired Tween Brands in an all-stock deal worth $157 million. The merger deal is expected to close in the fourth quarter, and has been approved by both company’s boards of directors.

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InfoGroup Merging Direct Media With Millard

By Tim Parry

List conglomerate InfoGroup has merged list firms Direct Media and Millard Group into a single entity called Direct Media Millard, effective July 1. Though the companies have merged, InfoGroup head Ed Mallin said personnel has not been purged.

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Sport Supply Group Buys Gus Doerner’s Team Sports Division

By Jim Tierney

Sports equipment merchant Sport Supply Group announced June 30 it acquired certain assets from Evansville, IN-based Gus Doerner Sports. Terms were not disclosed, but Sport Supply Group acquired the rights to Doerner’s Team Sports Division in southern Indiana.

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USPS Officially Studying Five-Day Delivery Option

By Jim Tierney

Bolstering U.S. Postmaster General John E. Potter’s prediction that five-day mail delivery will become a reality, the U.S. Postal Service has launched an internal study to examine the feasibility of eliminating Saturday mail delivery nationwide.

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Blog: Macy’s in Hot Seat for Fireworks Spending

CBS radio had a segment yesterday morning about whether it was a good idea for Macy’s to be spending a boatload of money on its annual Fourth of July fireworks display this year. After all, Macys’ stock is not doing so hot, to put it kindly.

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Blog: H.R. 22 Passes Subcomittee

Last week the House bill that would redirect a portion of the Postal Service’s prior payments to the Postal Service Retiree Health Benefits Trust Fund to pay its share of contributions for current retiree health benefits through 2016 was amended.

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