DMSI, owner of www.wards.com and other assets of Montgomery Wards (see post from April 2, 2008 “New Life for Montgomery Wards” http://thecatalogchroniclesblog.com/2008/04/02/new-life-for-montgomery-ward/#comments ) will be auctioned off August 5, 2008. Management has not commented on this. Most likely the state of the direct to consumer market, general state of the economy and competition from other online retailers has driven the nail into the proverbial coffin this time.
July 29, 2008
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