![]() OTC has more than 18 million customers on file, mails 300 million catalogs annually, operates three internet websites and offers more than 25,000 product SKUs. The transaction, terms of which have not been released, is expected to close in the third quarter of 2006.įounded in 1932, OTC is the nation’s largest direct marketer of party supplies, novelties, toys, children’s arts and crafts, school supplies, home décor and giftware, and one of the largest catalog and internet retail operations in the U.S. Brentwood originally purchased the company in 2000 and will maintain a significant minority stake in the company. Communication is lacking/gets lost in translation due to unnecessary levels of management.Washington, DC – Global private equity firm The Carlyle Group today announced that it has signed a definitive agreement to purchase Oriental Trading Company (OTC), an Omaha, NE-based direct marketer of party and school supplies, from private equity firm Brentwood Associates. Goals are often distributed late in the year for that year and change after the fact, which is frustrating if you have goals you then have a month or two to meet. Requests for learning opportunities, even cross functionally fall on deaf ears. There has been at least 15-20 people who have left various departments under the marketing umbrella in corporate in the last two years. ![]() They are aware of the issues and why so many people are leaving and simply don't care to make the changes to keep them. This has been passed on to HR during a lot of people's exit interviews as feedback and they are aware but are not "able" to make any changes. The same 5 people get promoted over and over that are usually already in upper management and the people doing the work often don't get title changes or reasonable raises at all, despite being there and getting high reviews for years. There are zero opportunities for advancement at corporate and the team has lost most of their really good talent due to this issue. Just be sure you can stand working in a warehouse, because you're gonna be doing it a lot. You could do way worse, and from what i can tell there's plenty of opportunities to advance if that's what you're looking for. Which of these is the good thing and which is the one you have to endure depends on your personality. This can mean getting to go home early (unpaid) or needing to work an extra 8-hour shift, or at least being expected to work an extra couple hours during the regular work week. In my particular department, work hours fluctuate a lot. They don't do it very often, though, and with covid they've cut back more on it. It's always at least as long as a regular lunch (30 minutes), but paid. During the summer "tailgate" you can play carnival-style games and win prizes, and at the Christmas party they have a raffle with company products. ![]() On a few special occasions, they bring in food and have, effectively, paid time off at work. For someone like me who needs to build a relationship with someone over time, this is not super-great. This also means there's a lot of change in your supervisors and managers. The occasional "daily" meeting mentions open positions within the company, and i've seen multiple people go from entry-level operators to 3-deeps and supervisors over time. There's a lot of opportunities for advancement, if you're into that. I barely notice stuff for myself, let alone other people. Look, this isn't going to be a very good review. ![]()
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