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Home > Company Index > Retail > Home Furnishing & Housewares Retailing > Hanover Direct, Inc.

Hanover Direct, Inc.
AMEX: HNV
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 NEWS FROM THE STANDARD
As You Like It
Oct 30 2000 12:00 AM PST

Santa's Virtual Elves
Nov 15 1999 12:00 AM PST

The Art of Fulfillment
Sep 13 1999 12:00 AM PDT

 PROFILE
If catalogs are junk mail, then Hanover Direct is the junkyard dog. Sending about 250 million catalogs a year, the company sells home fashions (Domestications), men's and women's apparel (International Male, Silhouettes), and gifts (Gump's By Mail). Each catalog has a corresponding Web site. The company also owns a Gump's retail store in San Francisco. Hanover Direct is using its direct-marketing expertise and infrastructure in a new venture, erizon, which offers telemarketing, fulfillment, distribution, and Web site services to other businesses. Swiss conglomerate Compagnie Financiere Richemont controls over 50% of Hanover Direct. The company hasn't reported an annual profit since 1994.

 COMPETITION
Federated Department Stores, Inc. (FD)
Otto Versand Gmbh & Co. (dossier)
Williams-Sonoma, Inc. (WSM)

 DEALS
Deal: HSN to Buy Certain Hanover Direct Assets
Date Announced: 06.14.01
Value of transaction (US $Mil): 33.4
Description: Shopping network to acquire direct marketing company's home-improvement product catalog and Web site for $33.4 million.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 603.00
1-Yr. Sales Growth: 9.7%
Employees: 3,827
Revenue per employee: $157,564.67

 KEY PEOPLE
• Thomas C. Shull
    CEO
• Brian C. Harriss
    CFO

 CONTACT INFO
1500 Harbor Blvd.
Weehawken, NJ 07087
US
Phone: 201-863-7300
Fax: 201-272-3465
Online: Web Site

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