Concepts Direct to Sell Remaining Books

Share this article:
Direct marketer Concepts Direct Inc., Longmont, CO, said yesterday it reached an agreement to sell its remaining catalog brands to Direct Retailing Inc.


The company sold its Colorful Images business in September to Current USA Inc., Colorado Springs, CO.


Catalogs involved in the deal announced yesterday include Linda Anderson, The Music Stand, Garfield Stuff, Characters and New Bargains. The sale is to close before Dec. 31. Financial terms of neither deal were disclosed.


Direct Retailing is a new company formed by members of management and employees of Concepts Direct.


After completing the sale, Concepts Direct will focus on managing or selling its remaining non-operating assets. Concepts Direct is winding down operations and plans to conclude that process by the end of the year.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Generating Loyalty for Brands and Retailers in an Omnichannel World

Generating Loyalty for Brands and Retailers in an ...

Harnessing personas, loyalty programs, and new technologies can help marketers better connect with customers.

News Byte: Salesforce Forms Unit to Focus on Verticals

News Byte: Salesforce Forms Unit to Focus on ...

The industries business unit, led by ex-White House CIO Vivek Kundra, will serve six industry groupings.

Columbia U. Puts the "Do" in "Donation"

Columbia U. Puts the "Do" in "Donation"

Columbia University raises nearly $7 million in donations in just 24 hours with a combination of social media, live events, and gamification.