Retail News:Federated Opens Door to Sell Fingerhut
February 21, 2002 07:50 PM ET

NEW YORK (Reuters) - Department store operator Federated Department Stores Inc. FD.N on Thursday signed a preliminary agreement to sell its Fingerhut Cos. catalog unit to a turnaround specialist, but left the door open for additional bids.

(Read through the article for discussion on Federated's attempt to get into the online market, and their return to their core business.)
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