Vertis Communications: The provider of print advertising, direct marketing solutions and related value-added services has signed an agreement to merge with American Color Graphics, a printing and premedia company, into Vertis’ nationwide marketing and printing services platform. The two privately held companies have complimentary service offerings and clients, promoting the combined organization’s experience in advertising inserts and premedia services.
Cabela’s: This catalog/retail outfitter of hunting, fishing and outdoor gear reported that total revenue increased 16.5 percent to $451.2 million its second fiscal quarter, compared to $387.3 million for the second fiscal quarter of 2006. Net income for the quarter increased to $11.3 million, compared to $8.4 million for last year’s second fiscal quarter. Direct revenue increased 4.5 percent to $203.9 million.
OfficeMax: The office supplies multichannel marketer reported that second-quarter fiscal sales grew 5 percent to $2.13 billion, up from $2.04 billion during the same period last year. Contract segment sales increased 4.4 percent to $1.2 billion, while retail segment sales grew 4.6 percent to $935.3 million.
PC Connection: The computer products and services cataloger released its financial results for the quarter ended June 30. Net sales increased by 8.1 percent to $441.1 million, compared to $408.1 million last year. Net income for the quarter rose to $5.8 million compared to last year’s $3.1 million quarter, an 85 percent increase. For the fiscal year, net sales are up 6.4 percent to $839.3 million from $788.6 million for the six months ended last year. Net income for the six months ended June 30, 2007 was $9.1 million, compared to $4.8 million for the same time period last year.
Celebrate Express: This cataloger/online retailer of family party products reported for its fourth quarter and full fiscal year ended May 31 that net sales fell to $20.1 million in the fourth quarter, a 17 percent decrease from net sales of $24.2 million during the same period last year. Net sales decreased 2 percent for the fiscal year to $82.5 million from $87.0 million in the prior fiscal year.