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In the mid-2000s, Blair began to struggle with declining sales, due to the recession in the economy. [9] In 2007, Blair shareholders approved a merger deal with Appleseed's (later renamed Orchard Brands), a subsidiary of Golden Gate Capital Partners. [10] Orchard Brands is a holding of several different catalog retailers who target the same market.
Luria's – originally L. Luria & Son, was a chain of catalog showroom stores in Florida, from 1961 to 1997. Service Merchandise – closed all its retail stores by early 2002; the name was resurrected in 2004 for an online retail operation [41] [42] Witmark – operated in southwestern Michigan; founded 1969, liquidated 1997 [43] [44]
Best Products Company, Inc., or simply Best, was a chain of American catalog showroom retail stores founded by Sydney and Frances Lewis in 1957 and formerly headquartered in Richmond, Virginia. The company was in existence for four decades before closing all of their stores by February 1997 and completely liquidating by December 1998.
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Sales for the year grew by a torrid 72.4%, reaching $246.7 million. Net income came in at $11.7 million. [3] Annual sales in 1999 hit $328.3 million and net income was $13.7 million (excluding costs associated with selling Milepost Four). At the end of the fiscal year the company had begun the rollout of a new catalog title, Natural Elements.
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