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Mailers Face a May Postal Hike
By: By Larry Riggs and Jim Tierney
The U.S. Postal Service, in its first increase under the new postal reform rules, will raise its rates on May 12 by low single-digit percentages....
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J.C. Penney Launches American Living
By: By Tim Parry
A year after announcing it would partner with Polo Ralph Lauren in a private label deal, J.C. Penney is unveiling the lifestyle brand, American Living. ...
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Store Closures, Layoffs for Charming Shoppes
By: By Tim Parry and Jim Tierney
A shareholder group for Charming Shoppes a few weeks ago asked for changes at the multichannel plus-size apparel retailer, and it got them—some of them, anyway. ...
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ATD-American Acquires Adirondack Direct
By: By Tim Parry
ATD-American, a direct merchant of business and institutional furniture and equipment, announced Jan. 31 that it has acquired a similar business-to-business cataloger, Adirondack Direct, for an undisclosed sum....
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Financial Reports: PC Connection, Transcat, Zones
Information technology products merchant PC Connection improved its fourth-quarter and 12-month sales over the previous periods. Net sales for the three months ended Dec. 31 increased 13% to $489.6 million from the same period last year. ...
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Catterton Back in the Game for Restoration
By: By Jim Tierney
If you’re keeping track of the tug-of-war for Restoration Hardware, private equity firm Catterton Partners has gained some ground on Sears Holdings Corp....
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Frederick’s and Movie Star Finally Merge
By: By Jim Tierney
It took more than a year, but women’s apparel cataloger/retailer Frederick’s of Hollywood finally completed its merger with intimate apparel designer/manufacturer Movie Star....
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Net Income Falls at NBTY
For its fiscal first quarter ended Dec. 31, Bohemia, NY-based nutritional supplements manufacturer/marketer NBTY saw net income decline 10%, to $46 million, compared with $51 million for the same period last year....
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Is Redcats USA Nonplussed by Non-Plus-Size Business?
By: By Jim Tierney
According to parent company PPR’s fourth-quarter and full-year sales results, the conglomerate’s Redcats Group has decided to “discontinue the activities” of its “Missy” division in the U.S....
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