Month: October 2009
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MidOcean Partners, Allant Management, Buy Allant Group
MidOcean Partners, a private equity firm which focuses on the middle market, has acquired The Allant Group in conjunction with Allant’s management.
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Acquisition
Targeting Institutional Names in a Consumer Prospect Universe
Most business-to-consumer direct marketers do their prospect merge/purges at the family level; that is, both the physical location and Surname must be the same for a duplicate situation to exist. This is because the cost-effective strategy for most of them is to send just one piece into a household at a time.
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Agencies
Mail Stream: October 26
Sexy superheroes and other outrageous outfits adorn the pages of the new Frederick
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DR Agency Mercury Media Hires Two
Mercury Media, a privately owned direct response media agency, has hired Chris Conderino and Mitchel G. Bader.
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Agencies
Frederick’s of Hollywood Has Weak Quarter, Year
Frederick’s of Hollywood saw its fourth quarter net sales drop 18.1%, from $42.1 million a year ago to $34.5 million. The company’s net loss diminished, however, from $7.2 million a year ago to just over $7 million.
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Agencies
J. Crew Raises Third-, Fourth-Quarter Guidance
J. Crew Group, Inc. has boosted its financial outlook for its current third quarter, which will end Oct. 31, as well as the upcoming fourth quarter.
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Kindle Leads Stellar Quarter For Amazon
Amazon.com generated third quarter net sales of $5.45 billion, up 28% from $4.26 billion from third quarter 2008. The online retailer’s operating income jumped 62% to $251 million, compared with $154 million a year ago. Its net income increased 68% to $199 million in the third quarter, compared with net income of $118 million in third quarter 2008.
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Cash For Clunkers “Mixed Blessing” In Autobytel’s Third Quarter
While automobile dealers received a boost from the “Cash for Clunkers” federal vehicle trade-in program, one major direct marketer’s praise for the effort was decidedly muted. Autobytel, which provides prospect leads to a network of dealers, indicated the total number of dealers taking advantage in its offerings declined during the third quarter.
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Agencies
Royal Mail Strike Goes Ahead
The U.K. Communication Workers Union has begun its three-day strike against Royal Mail.