Gump's, Hanover Direct's Gift Brand, and dowjones.com Join in New E-Commerce Relationship
WEEHAWKEN, N.J.--(BUSINESS WIRE)--June 24, 1999--
Gump's On-Line Gift Presence Broadened Via Participation
in New Business Hub
Hanover Direct, Inc. (AMEX: HNV) today announced an e-commerce relationship between
its premier gift brand, Gump's, and dowjones.com, a new web portal site for
businesspeople recently launched by Dow Jones and Company. Gump's, known for its luxury
home, gift and jewelry selections, will be the featured gift brand offered within
dowjones.com and will include a selection of executive and corporate gifts, as well as
wedding, jewelry, home, baby and personal gifts.
"We are excited to be involved in this new venture focused on the business community,"
said Rakesh K. Kaul, President and CEO of Hanover Direct, Inc. "Gump's, our luxury gift
brand, fits well within this demographic audience. The Internet presents tremendous
potential for the executive gift category, particularly for the unique collection of
distinctive gifts and Asian inspired treasures Gump's is known for."
"Gump's provides a wonderful opportunity to expand our services on dowjones.com to
include business-related e-commerce," said Jessica Perry, general manager of
dowjones.com. "The company's expertise in the corporate gift area should be particularly
valuable to our audience."
dowjones.com will present businesspeople with a unique collection of classic to
contemporary gifts available through a link from dowjones.com to gumps.com. The
exceptional collection of gifts offered include business gifts appropriate for colleagues
and clients, all delivered in a Gump's signature gift box complete with a hand-written
gift card. Since 1861, the name Gump's has defined international style and distinctive
design.
dowjones.com is a free site, offering Web business users organized resources on the
Internet for industry news and information. It includes an efficient business search
engine, top news stories, e-commerce opportunities, personalization features, and
editorial resources for 29 key industries. dowjones.com serves as a hub for
businesspeople looking for information, services, and Web resources on almost any
business issue. In addition to selected stories from Dow Jones newswires, the
best-selling business and financial newswires in the U.S., and highlights from The Wall
Street Journal Interactive Edition, the largest paid-subscription site on the entire Web,
dowjones.com offers a marketplace area for the purchase of business-to-business products
and services.
About Hanover Direct, Inc.
Hanover Direct, Inc. (AMEX: HNV), and its business units, provide quality, branded
merchandise through a portfolio of catalogs and e-commerce platforms to consumers, as
well as a comprehensive range of Internet, e-commerce, and fulfillment services to
businesses. The brand marketing division is comprised of the Company's catalog and
e-commerce web site portfolio of home fashions, apparel and gift brands, including
Domestications, The Company Store, Colonial Garden Kitchens, Kitchen & Home,
Improvements, The Safety Zone, Silhouettes, Tweeds, International Male, Austad's,
Undergear, and Gump's By Mail. The Company also owns Gump's, a retail store based in San
Francisco. Each brand can be accessed on the Internet individually by name. The web
services division is comprised of the Company's Internet marketing services group,
systems platform, fulfillment and telemarketing and third party fulfillment service
vendor, Keystone Fulfillment Inc. (www.keystonefulfillment.com) Information on Hanover
Direct, including each of its divisions, can be accessed on the Internet at
www.hanoverdirect.com.
About Dow Jones & Company
Dow Jones & Company (NYSE:DJ) publishes The Wall Street Journal and its international
and interactive editions, Barron's and SmartMoney magazines and other periodicals, Dow
Jones Newswires, dowjones.com, Dow Jones Indexes, and the Ottaway group of community
newspapers. Dow Jones Reuters Business Interactive LLC, a venture being formed by Dow
Jones & Company and Reuters, will create one of the world's largest and essential
collections of business news and information. The joint venture will combine and build on
content from Dow Jones Interactive and Reuters Business Briefing to provide professionals
in corporations around the world with critical global news and related in-depth business
information that offers insight and perspective. Dow Jones is co-owner of the CNBC
television operations in Europe and Asia. Dow Jones also provides news content to CNBC in
the U.S.
CONTACT: AGG International
Public Relations
Paula Zwerdling, Managing Director
212/869-8230
07:35 EDT JUNE 24, 1999 |
