Hanover Nets $133.5 Million in 2Q Revenue

Share this content:
Hanover Direct Inc. yesterday announced operating results for the second quarter and the first half of 2001.


The company reported net revenue of $133.5 million for the second quarter, representing a decrease of $9.9 million, or 6.9 percent, compared with the same period last year, primarily because of the elimination of catalogs at the end of last year.


The company reported net earnings of $12.7 million during the second quarter, including a gain of $22.8 million on the sale of the Improvements business and a gain of $1.5 million on the sale of its warehouse in Hanover, PA. The company posted a net loss of $13.7 million during the same period last year.


During the first half of the year, net revenue of $277.8 million was recorded, representing an increase of $4.2 million, or 1.5 percent, compared with the same period last year.


The company reported net earnings of $5.1 million during the first half of the year compared with a net loss of $27.1 million during the same period last year.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

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

Relive the 2017 Marketing Hall of Femme

Click the image above