DOT-COM DEAL: RetailExchange.com, an excess goods business-to-business marketplace, has acquired the consumer products division of its leading online rival, Tradeout.com, WWD learned Monday. The acquired division includes apparel and general merchandise, as well as health and beauty products. “We currently have 10,000 trading members at retail and our membership will more than double as a result of this acquisition,” said Ken Frieze, chief executive officer of RetailExchange.com. Tradeout.com will remain in business, but will concentrate on its nonretail trading marketplaces, including commercial transportation and industrial equipment.
STYLECLICK LOSSES MOUNT: Styleclick Inc. posted second-quarter losses of $17.8 million, or 56 cents a share, including a $10.6 million one-time charge for consolidation and closure of Firstauction.com. Sales for the period ended June 30 totaled $2.4 million, $1.6 million of which came from service revenues. The Los Angeles-based firm last August merged with USA Networks and lacks a suitable year-ago financial comparison. In the preceding first quarter, losses before charges were $14.8 million and sales totaled $4 million.
KUNES RETURNS TO REDBOOK: Ellen Kunes, 42, who was the launch editor in chief of O, the Oprah Magazine and left in June 2000, has been named editor in chief of Redbook. Prior to launching O, Kunes served as executive editor of Redbook from 1994 to 1998. Kunes, who begins Aug. 13, succeeds Lesley Jane Seymour, who was named editor in chief of the U.S. edition of Marie Claire.