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

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

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