Damark Board Approves Separation of ClickShip Direct

Share this content:
Damark International Inc., Minneapolis, said yesterday that its board approved a plan to spin off its ClickShip Direct Inc. subsidiary as an independent, publicly traded company. ClickShip Direct provides order management, product fulfillment and customer care services for e-commerce companies.


Damark last month announced plans to shed its catalog marketing operations and divide its business into two divisions, one focusing on its membership clubs and the other, ClickShip Direct, on e-commerce services.


The move to spin off ClickShip Direct as a separate company was expected, and the company's stock had reacted favorably, trading as high as $47.25 during regular hours yesterday before closing at just over $40, about four times its level throughout most of last year. Damark said the spinoff is contingent upon the receipt of a favorable tax ruling from the Internal Revenue Service.
Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here