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Charming Shoppes Sells Crosstown Traders Titles
By: By Tim Parry and Jim Tierney
Charming Shoppes will sell most of its Crosstown Traders titles to Orchard Brands for $35 million in cash, the company announced on Monday. The deal is expected to close in September....
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Mrs. Fields to Enter Chapter 11
By: By Patrick Barnard
Mrs. Fields Famous Brands LLC, which licenses about 1,200 Mrs. Fields Cookies and TCBY frozen yogurt locations worldwide, plans to file for Chapter 11 bankruptcy protection....
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Financial Reports: JC Penney, Urban Outfitters
J.C. Penney Co. (NYSE: JCP) saw total second-quarter sales slip 2.5%, to $4.28 billion, compared to $4.39 billion for the same period in 2007. Net income sank nearly 36%, to $117 million from $182 million for the second quarter last year. For the three months ended Aug. 2, same-store sales fell 4.3%; Internet sales increased 5.6%....
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New Page Closing WI Paper Mill
By: By Jim Tierney
The top producer of coated freesheet paper in North America, New Page Corp., announced July 30 it will permanently close its Kimberly, WI-based mill at the end of August. ...
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Financial Reports: Blue Nile, Golfsmith
Online jeweler Blue Nile posted sales of $73.7 million, an increase of 2.2%, for the second quarter ended June 28. During last year’s second quarter, Seattle-based Blue Nile recorded sales of $72.1 million....
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July Sales Roundup
Despite the down economy, some of the companies tracked by Multichannel Merchant reported solid numbers for the month of July....
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Swiss Colony Unit Buys DMSI
By: By Jim Tierney
It didn’t take long for multititle mailer Direct Marketing Services Inc. (DMSI) to be scooped up. ...
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