Industry Eye: Catalogers' Updates, People on the Move and More

Cabela’s: The outdoor sporting goods catalog/multichannel retailer was hurt in the fourth quarter by soft sales in its direct division, leading to a 12 percent drop in profits. While retail store sales rose 6.9 percent in the quarter, direct sales fell 8.2 percent. The company reported a 13 percent drop in annual profits for 2008.