PC Mall announced today that Sarcom, one of its wholly-owned subsidiaries, has acquired substantially all of the assets of Network Services Plus as of June 8, 2010. The terms of the transaction include an initial purchase price of $7.8 million, less a customary hold-back to settle indemnity claims. PC Mall is also extinguishing substantially all of NSPI’s indebtedness, which net of acquired working capital is approximately $1.3 million. Pursuant to the terms of the asset purchase agreement, NSPI’s shareholders can earn additional consideration based on the performance of the NSPI business over the next two years.
People On the Move Neiman Marcus: The multichannel apparel marketer has promoted its retail division president/CEO Karen Katz to executive vice president of the parent company, Neiman Marcus Group. The company has also promoted the Group’s senior vice president and CFO James Skinner to executive vice president and CFO. Sears: The multichannel retailer has hired Louis Ramery as its new senior vice president, customer relationship marketing. Ramery, who’ll have overall responsibilities for developing and executing the Sears Holdings’ relationship marketing strategies and programs, will report to Maureen McGuire, Sears Holdings’ chief marketing officer. He was previously with Digitas, a marketing agency network. J.C. Penney: The multichannel
How can you get more e-mail sign-ups from your site visitors? E-mail sign-up is simple: a few clicks followed by a handful of keystrokes. But the same process of close comparative scrutiny also can improve complex processes, such as cart and check-out. This article focuses on the e-mail sign-up process at 45 multichannel retailers. For this study, I pulled 45 sites at random, taken from some of the larger merchants in the country. I signed up for e-mail at each using a fresh Gmail account. (For the full methodology and detailed scores and notes for each site, visit www.rimmkaufman.com/e-mail-sign-up-study.) I conducted these tests in
This summer, catalogers will get hit with yet another postal rate increase. The U.S. Postal Service (USPS) plans to raise rates 7.7 percent on average, with a 6.2-percent increase for catalogers who presort mailings by carrier route. So, what’s a cataloger to do? Catalog Success asked three industry veterans for their strategies on saving costs following a postal hike. Alan Rimm-Kaufman, vice president of marketing at Crutchfield catalog Q: In what ways will you save money after the postal hike? A: On mailing catalogs, the two big things are to mail to better names and to have a more efficient book. It’s really