Disneyshopping.com is fully owned and run by The Childrens Place as are Disneyoutlet.com, DisneyDeals.com, DisneyAuctions.com and
DisneyStore.com.
Disney only owns the Disney Stores in Europe. CP owns them in the USA and Oriental Land Company owns them in Japan.
CP also runs all the Disney Outlet stores in the U.S.
Confused yet?
Disney Parks runs the World of
Disney store in NYC (formerly the flagship store in the DS chain) as well as shops at Orlando International and Pointe Orlando.
WDW runs about 6-7 outlet stores in Florida under the names of Character Premiere and Character Warehouse, while AMS (a liquidation company) has one permanent location in Fullerton, CA operating under the name Character Warehouse and often opens stores all around the country for weeks or months at a time under the same name. They also often carry Universal Studios merchandise, although never in the Fullerton store.
Finally, there's a Character Corner outlet just minutes from WDW on SR 535 that is privately owned, that sells WDW merchandise, test runs and defective items that were never on sale in the parks.
Edit: Also, youre correct about the rumor time frame. It was about three years ago when Andy Mooney (Chairman of Disney Consumer Products Division) announced that the company was going to get out of the retail end of the business.
They now concentrate their efforts on licensing products and moving the product via big retail outlets such as Wal-Mart, Kmart, etc. Obviously the retail giants can move more stuff than anyone else.
In mid 2005, Disney closed their big DisneyStore.com call center located in Overland Park, Kansas. At that time there was talk of shifting remaining catalog call center duties to the Disney phone center operators in WDW but they still have other plans for those poor folks not herewith germane to this conversation.