Wednesday Market Watch: CCS on the Block?

In a post that has nothing and everything to do with skateboarding it appears CCS might be on the “for sale” block. Forbes magazine goes on:

“In a letter to Delia’s board, Thesis Capital Management LLC said the CCS catalog and online store distract management from efforts to improve the performance of Delia’s retail stores. Thesis said Delia’s could realize pretax proceeds of more than $110 million from a sale of the CCS business. Thesis said a sale would also provide cash to fund accelerated retail store growth and to be returned to shareholders. The shareholder named mall-based retailer Zumiez Inc. (nasdaq: ZUMZnews people ), as an example of a potential buyer. “

Yup, there you have it now your mailorder may go through another big box chain instead of the current big box chain.

Source: Forbes

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