Friday, April 16, 2010

The Swoozies Scorecard: Who’s in, who’s out

by Cinda Baxter on April 16, 2010

in Economy, Retail

Now that we’ve all begun spinning like whirling dervishes over the absurdity of vendors allowing massive debt to accumulate with Swoozies, the fallout is beginning to take shape. Here’s the scorecard thus far; if you have additions (and can back them up with a vendor email, website, or confirmable third party source), please post them in the Comments section.

1. Mud Pie                     $ 865,852.71
> Raised cash by selling minority portion of company to equity firm Lineage Capital (article here)
2. Design Design            352,268.51
> According to company president, Don Kallil, the company is able to absorb the loss (see his 4/22/10 comment posted here)
3. FedEx                    300,290.65
4. Heart Strings                283,440.40
5. Creative Containers        234,283.84
6. Crane & Co.                227,856.38
7. Innovative Packaging        206,337.20
8. Inviting Company            204,394.85
9. Patience Brewster        197,051.94
10. Peking Handicraft        197,051.94
11. Dennis East International    173,123.53
12. Cross-My-Heart-Cards    160,787.86
> Has gone out of business due to Swoozie’s losses, as explained in 4/7/10 email to retail accounts
> UPDATE 5.12.10: Roseanne Beck Collections will have three booths at NSS…?

13. Oh Sugar!                147,504.44
14. William Arthur            129,746.20
15. Lifeguard Press            123,029.54
16. Hilco Real Estate            115,067.17    (Lease, Northbrook IL)
17. AmEx                    113,743.05
18. MS. Dee / Molly ‘n Me        111,236.76
19. Print Appeal                109,019.93
20. Berman Enterprises        103,772.98    (Lease, Rockville MD)
21. Caspari                    101,766.79
22. San Lori Designs              98,955.98
23. Natural Life                  89,184.62
24. Lady Jane Ltd.              81,023.02
25. Morgan & Company          80,768.60
26. Recycled Paper Greetings      73,871.05
27. Opus Real Estate           67,820.16
28. Room It Up (Prime Source) 62,950.45
29. Cov II DDR Trademark      62,950.45    (Lease, Dallas TX)
30. Anna Griffin Invitations      62,451.89
31. ShopperTrak RCT Corp.      61,442.12    (Mall traffic analysis group)
32. Tri Coastal Design          58,679.67
33. The Orb Factory Ltd.          58,673.17
34. New Dimensions              56,815.36
35. Hog Wild                  56,384.00
36. American Greetings          55,953.85
37. Long Grove Confectionery      53,082.11
38. Melissa & Doug LLC            51,692.83
39. B*Posh                      49,025.08

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