Results 1 to 7 of 7
  1. #1
    Join Date
    January 17th, 2005
    Performics screws us once again! Two months ago, Chiasso filed bankruptcy and instantly announced that they would not pay any past commissions. Today, Spiegel filed for Chapter 11. Not only is Spiegel my largest merchant at Performics, but they owe me money for the past several months (including the holiday season).

    If this happened on CJ, I'd at least have the money already for all but last month, but this is ridiculous! I'm going to lose several hundred dollars again because Performics allows their merchants to pay at their leisure.

    Thanks again Performics!!!

  2. #2
    Affiliate Manager Allen Nance's Avatar
    Join Date
    January 18th, 2005
    Colorado River, Bullhead City AZ

    I don't really think that Performics is screwing you. Surly you understand that they (Performics) is also a creditor as we are.


    Show me the Big Bucks!

  3. #3
    Full Member
    Join Date
    January 17th, 2005
    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Dear Performics Affiliates:

    As many of you are aware, Spiegel, Inc. and certain of its subsidiaries including Spiegel Catalog, Inc., Eddie Bauer, Inc. and Newport News, Inc. filed for Chapter 11 Bankruptcy protection on Monday, March 17, 2003.

    As you are also likely aware, the filing of Spiegel's bankruptcy automatically suspends the collection of all of its obligations that have arisen prior to bankruptcy filing. As of March 17, 2003 Spiegel Catalog has not paid Performics for February affiliate activity. As you are also aware, your affiliate agreement states that you are only entitled to payment for affiliate sales once Performics has received payment from Spiegel. We have retained outside legal council to assist us in our collection efforts through the bankruptcy process. Additionally, we have also had preliminary discussions with officials of Spiegel Catalog, Inc. regarding all amounts currently owed to Performics. We hope to be able to report back to you shortly regarding the results of these efforts.

    The bankruptcy filing does not affect any affiliate activity that occurs after the filing. Accordingly, until further notice, YOU WILL BE PAID IN ACCORDANCE WITH YOUR AFFILIATE AGREEMENT FOR ALL ACTIVITY THAT OCCURS ON OR AFTER MARCH 17, 2003.

    While this recent event is unfortunate, each of the Spiegel properties has been a long-time client of Performics and we would appreciate your joining us in supporting Spiegel during the bankruptcy process.

    Along with the announcement of the bankruptcy filing, Spiegel, Inc. announced that it has secured a $400 million secured debtor-in-possession financing facility to be used to supplement the company's existing cash flow during the bankruptcy reorganization process. As noted above, unless we otherwise advise you, Spiegel Catalog, Inc. will be required to pay Performics in accordance with its current agreement with Performics for all affiliate activity generated on or after March 17th, 2003. Accordingly, we ask you to please leave all links live and continue to promote Spiegel's products on your site.

    We will continue to update you as more information becomes available. If you have any immediate questions please contact affiliate services at ...


    Performics Inc.

  4. #4
    Full Member
    Join Date
    January 17th, 2005
    This SUCKS big time.

    They are asking us to keep the links on our site???!!! What the #%!@#$@?

    YES! Performics is partly responsible for this. They should have the sense to take secure payments in advance. They should never let a merchant go with outstanding commissions. If they would have taken these steps, this wouldn't happen.

    [This message was edited by Yikole on March 20, 2003 at 04:00 PM.]

  5. #5
    ABW Ambassador
    Join Date
    January 17th, 2005
    Well I for want to address the part of the statement that says:


    My agreement already said I would get paid before I got stiffed!

    The Spiegel group has had a tendency to lag in paying by significant amounts of time (I recall them being 4 months behaid at 1 point and I raised an issue then).

    If performics wants affiliates to continue supporting a company that has stiffed them, they need to relay the importance to Spiegel of not being late in their payment processing going forward - especially in light of the situation.

    I am going to continue to market this group of companies in the interum but..... if they are late in payment processing in the future I will be pulling my links "again" and invite other affiliates to support me on this as well.

  6. #6
    Full Member
    Join Date
    January 17th, 2005
    I dunno. We do a good volume with all 3 companies, especially Eddie Bauer. But should we keep our links active? How can Performics say that we are going to be paid for our activity beginning on March 17?

    What do you think? Keep the links active, or pull them and wait to see what happens?

  7. #7
    Full Member
    Join Date
    January 17th, 2005
    I am not going to pull their links just yet, but I'll certainly keep an eye on them regarding future payment. I would also imagine that Performics will do their best to collect any monies that Speigel owes.

  8. Newsletter Signup

+ Reply to Thread

Similar Threads

  1. Eddie Bauer files bankruptcy
    By Haiko de Poel, Jr. in forum Google Affiliate Network - GAN
    Replies: 8
    Last Post: June 30th, 2009, 01:31 PM
  2. Spiegel Selling off Eddie Bauer & Newport News
    By elegantplus in forum Google Affiliate Network - GAN
    Replies: 0
    Last Post: April 6th, 2004, 05:28 PM
  3. Spiegel Files for Chapter 11 Bankruptcy
    By bob95603 in forum Midnight Cafe'
    Replies: 11
    Last Post: March 17th, 2003, 09:59 PM
  4. Eddie Bauer / Eddie Bauer Outlet Leakage?
    By josephmonuit in forum Google Affiliate Network - GAN
    Replies: 7
    Last Post: January 19th, 2003, 11:05 PM
  5. Question about Eddie Bauer / Eddie Bauer Outlet tracking
    By josephmonuit in forum Commission Junction - CJ
    Replies: 2
    Last Post: January 15th, 2003, 02:17 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts