Paperclips Blog | Walgreens Results

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• 03.26.2013

  Domtar to Acquire Xerox's U.S. and Canadian Paper Business

  Domtar Corporation, one of the largest manufacturers and distributors of paper in North America, has signed, through its operating subsidiaries, an agreement to acquire Xerox's (NYSE: XRX) paper and print media products business in the United States and Canada.

  "The Xerox brand is well regarded in the paper markets it serves," said John D. Williams, Domtar's President and Chief Executive Officer. "This deal brings together Xerox's branded papers with Domtar's already comprehensive paper offering and will allow us to better serve our customers."

  While Xerox does not manufacture paper, the company has long distributed through its brand name a broad range of coated and uncoated papers and specialty print media including business forms as well as carbonless and wide-format paper. This business will now become part of Domtar's pulp and paper segment, and Domtar will market and distribute Xerox-branded paper and print media.

  "As Xerox broadens its business to focus more on services and innovative document technology, we saw an opportunity for our paper business clients to be better served by a leader in the industry," said Frank Edmonds, senior vice president, Xerox Global Paper and Supplies Distribution Group. "It's an across-the-board win.  Xerox benefits through a trademark licensing agreement with Domtar; Domtar adds a well-regarded brand to its portfolio; and our respective clients get a simplified, 'one-stop' experience through Domtar's extensive offerings and distribution network."

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• 03.26.2013

  Resolute Forest Products Issues 2012 Annual Report Including Overview of 2012 Sustainability Performance

  Resolute Forest Products today issued its 2012 Annual Report, which includes an overview of the Company's 2012 sustainability performance. While Resolute will continue to produce its Annual Sustainability Report using Global Reporting Initiative (GRI) guidelines, the Company is now also integrating sustainability performance information into its annual financial disclosure.
   
  "Resolute recognizes that focusing on sustainability is good business. Our decision to produce a report combining financial and sustainability performance demonstrates our commitment to balancing environmental, social and economic priorities," said Richard Garneau, President and Chief Executive Officer. "We work hard to integrate sustainability into the way we do business because we believe this approach brings value to our customers, our shareholders, our employees and the communities where we live and work."
   
  In 2012, Resolute made important progress on several of its key sustainability commitments, including:
  Carbon Management - As part of its membership in the World Wildlife Fund's Climate Savers program, Resolute committed to achieving a reduction in absolute greenhouse gas emissions of 65% below 2000 levels by 2015. In 2012, Resolute achieved a reduction of over 62% and is on track to meet its WWF commitment.
  Fiber Sourcing - The Company obtained chain of custody certification at all of its North American pulp and paper mills and wood products facilities, to either Forest Stewardship Council® (FSC)®, Programme for the Endorsement of Forest Certification (PEFC) or Sustainable Forestry Initiative® (SFI®) standards.
  Forest Certification - Resolute is at the forefront of fiber certification, with 100% of the woodlands managed by the Company certified to internationally recognized sustainable forest management standards. Resolute is progressing toward its commitment to add FSC certification to 80% of its managed woodlands by 2015, and as of press time for the report, the Company had reached 65% certification. In 2012, Resolute achieved the distinction of being the largest manager of FSC-certified forests in the world. Taken all together, the Company's FSC-certified forests cover an area larger than Greece.
  Product Stewardship - The Company launched its AlignTM brand of eco-efficient, budget-friendly, high-performance papers, which are made using 50% less fiber and fewer chemicals than competitive papers. Depending on the grade, the carbon footprint for Align papers is 35% to 86% lower than for competitive papers.
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• 03.26.2013

  McGraw-Hill Completes $2.5 Billion Sale of Education Unit to Apollo Global Management

  On March 22, McGraw-Hill Cos. chairman/president/CEO (since 1998) Harold ("Terry") McGraw III announced the closing of its $2.5 billion sale of McGraw-Hill Education to a group of investment funds affiliated with Apollo Global Management.
   
  This completes the transaction that was announced on Nov. 27, 2012. 

  The genesis came in the summer of 2011, when McGraw was under pressure by investors to restructure MH and raise revenues. The initial result on Sept. 12, 2011, was to spin off the education unit (college textbooks, etc.) from the better-performing Standard & Poor's, J.D. Power and Associates, MH Construction, Platts Oilgram, and Aviation Week & Space Technology. They are the foundation for what will be the renamed McGraw-Hill Financial pending shareholder approval later this spring.

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• 03.26.2013

  Esquire Launches in Vietnam

  The world of Esquire gained its 27th member on March 26 with the announced launch of Esquire Vietnam. Partner is Sun Flower Media, which already publishes Cosmopolitan and Harper's Bazaar under the auspices of Hearst Magazines International.
   
  That the edition is small--just a 15,000 print run with a cover price of 35,000 dong (roughly $1.67)--does not downplay the historic significance.  Esquire's reporting of the Vietnam War during the 1960s and 1970s received widespread attention and was read by many GIs stationed in such places as Da Nang, Hué and Saigon. 

  It is appropriate that the latter, now Ho Chi Minh City, is where the launch event was held.

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• 03.26.2013

  Harte-Hanks Makes Personalized, Highly Variable Content Available to Direct Mail with Acquisition of High-Speed Digital Print Technology

  Harte-Hanks, Inc., a worldwide direct and targeted marketing company, announced today the immediate availability of high-speed digital print capabilities that make direct mail relevant, resonant and a fully integrated part of today’s multi-channel marketing environment. Harte-Hanks’s investment in digital print technology is a key part of the company’s commitment to reach the right customer, with the right message, through the right channel, at the right time.

  “The excitement and promise of email communications was premised on personalization, and now Harte-Hanks is delivering via digital print that same ability to quickly create highly variable, customized content to our direct mail customers,” said Tony Paul, executive vice president, customer delivery, Harte-Hanks Direct Marketing. “Now, each mail moment becomes a data-driven ‘touch’ that is an integral part of insight-driven omnichannel marketing strategies that integrate and automate content across all channels in order to engage and interact with customers at every step of their purchase journey.”

  Harte-Hanks’s digital print solution increases customization, maximizes operating and postal savings and automates the marketing process to increase direct mail ROI while allowing customers to craft personalized offers and messages quickly and easily. The company is an industry leader in direct marketing, providing strategic and tactical best practices based on over 40 years of direct mail experience, offering coast-to-coast and worldwide geographic presence, a strong relationship with the United States Postal Service, and effective end-to-end program management.

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• 03.26.2013

  EUROGRAPH Publishes February 2013 Statistics for the European Graphic Papers Industry

  Total European shipments of Graphic Papers declined 6.5% vs. February 2012 and are down 3.2% year-to-date.

  Total European shipments of Newsprint declined 6.7% vs. February 2012 and are down 5.0% year-to-date.

  Total European shipments of SC-Magazine declined 4.6% vs. February 2012 and are down 0.9% year-to-date.

  Total European shipments of Coated Mechanical Reels declined 9.6% vs. February 2012 and are down 6.5% year-to-date.

  Total European shipments of Uncoated Mechanical increased 2.3% vs. February 2012 and are up 3.2% year-to-date.

  Total European shipments of Coated Woodfree declined 6.3% vs. February 2012 and are down 2.2% year-to-date.

  Total European shipments of Uncoated Woodfree declined 7.2% vs. February 2012 and are down 1.8% year-to-date.

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• 03.26.2013

  Publishers challenge book resale ruling

  US publishers are poised to take their battle to stop books bought abroad being resold in the US to Congress, after the Supreme Court ruled against them in a case that will have broad implications for global commerce.
   
  In the case of Kirtsaeng v Wiley, the court ruled in favour of Supap Kirtsaeng, a California student who asked his family in Thailand to buy textbooks for him at low international prices so he could resell them at a profit on eBay.

  Shares in educational publishing companies fell slightly in the wake of the decision, as analysts warned that the grey market for textbooks could affect up to 50 per cent of a publisher’s educational business.
   
  Tom Allen, president and chief executive of the Association of American Publishers, said his group was prepared to defend publishers’ rights in any legislative action pursued by lawmakers in Congress.

  “[The] copyright decision by the US Supreme Court ignores broader issues critical to America’s ability to compete in the global marketplace,” he said in a statement.

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• 03.26.2013

  WTI Oil Trades Near Five-Week High; U.S. Stockpiles Seen Rising

  West Texas Intermediate traded close to the highest level in five weeks. U.S. crude inventories probably rose as domestic output stayed near the strongest in two decades, a Bloomberg News survey showed.

  Futures were little changed after advancing a second day yesterday. Crude stockpiles increased by 1.4 million barrels to 384.1 million last week, the highest since June, according to the median of seven analyst estimates before an Energy Information Administration report tomorrow. Saudi Arabian Oil Co., the world’s biggest crude exporter, expects to become the top producer of refined products, Khalid al-Falih, the company’s chief executive officer, said today in Beijing.

  “Prices have come down to more realistic levels and we expect them to remain here,” said Filip Petersson, a commodities strategist at Stockholm-based SEB AB, who predicts that Brent, the European benchmark, will average $107.50 a barrel during the second quarter.

  WTI for May delivery was at $95.22 a barrel, up 41 cents, in electronic trading on the New York Mercantile Exchange at 9:49 a.m. in London.

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• 03.26.2013

  Penton consolidates Farm Progress brands in new ag group

  Four months after acquiring Farm Progress Cos. from Fairfax Media, Penton Media has announced a new structure for its Agricultural Group that integrates the recently added properties.

  As part of the restructuring, five Farm Progress brands that overlapped with Penton's geographic coverage—Carolina-Virginia Farmer, Southern Farmer, Mid-South Farmer, The Farmer-Stockman and California Farmer—will be shuttered. Penton's Farm Industry News will be recast to cover technology for production agriculture. Eighteen positions were eliminated in the reorganization.

  Audience development, technology and production support for the combined businesses will be consolidated under existing Penton operations.

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• 03.26.2013

  Kohl's Department Stores Recognized with 2013 Energy Star® Partner of the Year - Sustained Excellence Award

  Kohl’s Department Stores today announced it will be recognized by the U.S. Environmental Protection Agency (EPA) as a recipient of the 2013 ENERGY STAR® Partner of the Year – Sustained Excellence Award for the company’s continued leadership in protecting the environment through superior energy efficiency initiatives. According to EPA, the 2013 Partner of the Year – Sustained Excellence Awards are given to a select group of organizations that have exhibited outstanding leadership year after year. Award recipients have reduced greenhouse gas emissions by setting and achieving aggressive goals and employing innovative energy efficiency approaches. Award winners are selected from the nearly 20,000 organizations that participate in the ENERGY STAR program. Kohl’s also received a Sustained Excellence Award in 2012 and Partner of the Year Awards in 2011 and 2010.

  “Kohl’s is honored to be recognized by EPA with a 2013 Sustained Excellence Award,” said John Worthington, Kohl’s chief administrative officer. “As a major retailer with stores and corporate facilities nationwide, it is our responsibility to carefully manage our use of resources and strive to reduce our carbon footprint. Our partnership with ENERGY STAR has been instrumental in providing tools to assess the performance of our buildings, set strategy and develop action plans. Since joining the program in 1998, we have been able to ENERGY STAR certify nearly two-thirds our stores. This accomplishment translates to both cost savings and more efficient operations.”

  "EPA is recognizing Kohl’s for earning EPA’s highest ENERGY STAR award - the 2013 Partner of the Year - Sustained Excellence Award,” said Bob Perciasepe, EPA’s acting administrator. “Kohl’s leads the field with their commitment to energy efficiency and demonstrates how all Americans can save energy, save money and create a healthier environment.”

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• 03.22.2013

  Starbucks to expand loyalty program to Teavana and supermarkets

  Seattle -- Starbucks Coffee Co. is expanding its customer loyalty program to the supermarket channel and its Teavana stores as it looks to double membership from 4.5 million members at the end of October 2012 to approximately nine million members by the end of fiscal 2013.

  
  

  Starbucks made the announcement at the company’s annual shareholders on Wednesday in Seattle. Also at the meeting, Starbucks investors rejected a shareholder proposal to prohibit the chain from making political contributions or forming a political action committee.
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• 03.22.2013

  Deloitte: Consumer spending remains steady in February

  New York — The Deloitte Consumer Spending Index remained steady in February primarily as a decline in initial unemployment claims and a rise in real average hourly earnings offset negative forces.

  
  

  "The economic fundamentals that influence consumer spending are aligning," said Patricia Buckley, director economic policy and analysis, Deloitte LLP, and author of the monthly Index. "Financial institutions and the markets are stronger, and consumer confidence and real spending appear to be weathering the 2013 payroll tax increases fairly well.  Absent the uncertainty surrounding the impact of the sequester, an economic turnaround would likely be imminent."
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• 03.22.2013

  Williams-Sonoma Q4 income up 9%, topping expectations

  San Francisco -- Williams-Sonoma Inc.'s fourth-quarter net income rose a better-than-expected 9%, helped by strong online sales, gains at its West Elm brand and the benefit of an extra week in the period.

  
  

  The company also said it is increasing its quarterly cash dividend by 41% to 31 cents per share, and announced plans to buy back up to $750 million of its shares over the next three years.
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• 03.22.2013

  City Sports opening 11,000-sq.-ft. store in Manhattan

  Boston -- City Sports announced that it will open its 22nd retail location in New York City, on March 26. It will be City Sports' third location in New York City.

  
  

  The new store, in the city’s financial district, will be the company’s largest retail location to date, with nearly 11,000 sq. ft. of selling space devoted to athletic apparel, footwear and equipment.

  
  

  "We are absolutely thrilled to be opening a third retail location in New York City," said City Sports president and CEO Edward Albertian.
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• 03.22.2013

  Delhaize banners earn Energy Star award

  Salisbury, N.C. — Delhaize's Food Lion, Harveys and Reid's chains have earned their 12th consecutive Energy Star award from the U.S. Environmental Protection Agency.

  
  

  "We are honored to receive this Energy Partner of the Year Sustained Excellence award for the twelfth year and are committed to increasing energy efficiency in our stores," Susan Sollenberger, director of energy, maintenance and equipment purchasing at Delhaize America South. "Food Lion, Harveys and Reid's remain dedicated to environmental stewardship and are proud to continue to lead the way with energy conservation initiatives."
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• 03.22.2013

  Bi-Lo names president

  Jacksonville, Fla. — Anthea Jones has assumed the role of president at Bi-Lo. He will continue to serve as SVP operations.

  
  

  Jones comes to the position from the Bi-Lo side of the recent merger between regional supermarkets Bi-Lo and Winn-Dixie. He signed on with Bi-Lo in 1999 after 17 years at Food Lion. He also is the immediate past board chairman for the Global Market Development Center.
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• 03.22.2013

  ‘Big Data’ in HR Can Improve Retailers’ Profits

  A friend who’s a retail chain operations VP recently told me about his company’s expansion plans, but he wasn’t sure they were expanding in the right ways. That’s when we talked about how data can answer strategic questions with certainty. He already had some of the data, and he could easily get other data that could show which specific departments and employees consistently perform best during which hours and days to determine where to expand.

  
  

  In the past, retail executives’ success required great intuition and risk-taking abilities bound with hope and luck. Today ‘big data’ is replacing intuition and hope. With technological advances, organizations are now able to collect large amounts of data and turn it into the fuel that drives a predictive decision-making machine. Similar to how retailers analyze data to learn shoppers’ habits, employee selection and succession can also leverage big data to predict success.
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• 03.22.2013

  Staples launches Windows Store app

  Framingham, Mass. — Staples has launched its own Windows Store app for Staples.com. The app provides customers with access to Staples Rewards and features tools that make it easier for small businesses to research and shop for everything they need for their business or home office, the company said.

  
  

  "Staples customers are very excited about the new computers and tablets featuring Windows 8, and we're enhancing the Staples.com experience for Windows 8 users," said Steve Bussberg, SVP Staples.com. "Staples makes things easier for small businesses by using the latest technology, and the Staples Windows Store app enables customers to shop Staples even faster.
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• 03.22.2013

  Union strikes at Port Angeles paper mill

  PORT ANGELES, Wash. — Union members at a Port Angeles paper mill are on strike.

  
  

  Members of the Association of Western Pulp and Paper Worker local walked off the job Wednesday at Nippon Paper Industries USA in a contract dispute.
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• 03.21.2013

  Walgreens profit rises in Q2; unveils blockbuster partnership

  New York -- Walgreens reported a better-than-expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board.

  
  

  Sales during the company’s second quarter ended Feb. 28, were flat at nearly $18.7 billion with samestore prescription sales down 2.7% and same-store front end sales down 2.6%. The prior-year comparison period included an extra day in February 2012. However, earnings per share adjusted to exclude several one-time charges increased 9% to 96 cents, three cents better than consensus forecasts, from 88 cents the prior year. Adjusted net income increased 19.3% to $915 million from $767 million.
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• 03.21.2013

  Report: Sam's Club, Amazon tops in retail customer experience

  Waban, Mass. -- Research results released Tuesday by consulting firm Temkin Group revealed, among retailers, Sam’s Club and Amazon earned top marks.

  
  

  According to the 2013 Temkin Experience Rankings which queried 10,000 U.S. consumers about customer service issues across 246 companies in 19 industries, Sam's Club and Amazon earned the top spots in the retail sector and RadioShack was the lowest rated retailer for the third consecutive year.
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• 03.21.2013

  DSW Q4 profit increases

  Columbus, Ohio -- DSW Inc. reported Tuesday that net income for the quarter ended Feb. 2 rose to $31.4 million from $23.1 million in the year-ago period. Sales for the fourth quarter increased 15.7% to $594.3 million, and same-store sales rose 3.6%.

  For the full year, profit increased to $152.2 million, from $136.1 million in the prior fiscal year. Sales rose 11.5% to $2.26 billion from $2.02 billion.

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• 03.21.2013

  Rona appoints former Metro exec as new president and CEO

  Boucherville, Quebec, Canada -- Canadian home-improvement chain Rona Inc. announced Tuesday it has named Robert Sawyer as president and CEO, effective next month.

  
  

  Sawyer was previously an executive at grocery chain Metro Inc.

  
  

  Rona’s acting CEO Dominique Boies will remain as company CFO.
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• 03.21.2013

  Meijer expands Made in Michigan initiative

  Grand Rapids, Mich. — Meijer has expanded its program that supports Michigan small businesses to feature 55 new Michigan-made grocery products in all its stores statewide, Meijer co-chairman Doug Meijer announced Tuesday.

  
  

  "Meijer is committed to supporting Michigan businesses, and the Made in Michigan initiative is a great opportunity to highlight some fantastic small businesses throughout the state," Meijer said. "The response we received from our customers last year about this initiative was overwhelming, which is why we decided to further invest and expand this selection into all our Michigan stores."
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• 03.21.2013

  Wendy’s to expand into Equador

  Dublin, Ohio -- The Wendy's Co. announced Tuesday an agreement with The Eljuri Group to develop 20 Wendy's restaurants in Ecuador.

  
  

  As the largest business group in Ecuador, Eljuri said it expects to open the first two Wendy's locations in 2013 in Guayaquil, a coastal city with a population of 2.3 million people.
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• 03.20.2013

  Aeropostale posts Q4 loss; will open 60 kids stores in 2013

  New York -- Aeropostale Inc. reported an unexpected loss for its fourth quarter, hurt by declining same-store sales and store asset impairment charges. The teen apparel chain also forecast a loss for the current quarter, citing markdowns and a weak economy.

  
  

  "We anticipate a challenging first quarter as a result of expected margin pressures from holiday carryover inventory, and the impact of a weak macroeconomic environment,” said Aeropostale CEO Thomas Johnson.
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• 03.20.2013

  Destination XL Group profit falls; to open 230 DXL stores by 2016

  Canton, Mass. -- Destination XL Group reported Friday that net income for the quarter ended Feb. 2 dropped to $4.2 million from $33.5 million in the year-ago period, as the company continued its transition from Casual Male to Destination XL.

  
  

  Fourth-quarter revenue increased to $114.9 million, compared with $111.1 million last year, and same-store sales edged up 0.5%. By brand, DXL stores saw a same-store sales rise of 15% in the quarter, while Casual Male dipped 2.3%.
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• 03.20.2013

  H&M amping up U.S. expansion

  New York -- Swedish fast-fashion powerhouse H&M is revving up its U.S. expansion. The retailer opened 40 stores in the United States in 2012, and hopes to open even more this year, according to a report in Women’s Wear Daily.

  
  

  H&M, as previously reported, will open a 42,500-sq.-ft. flagship at 4 Times Square, in Manhattan, that will boost an enormous LED billboard signage display. The retailer will also open a store on Fifth Avenue at 48th Street that, at 57,000 sq.-ft., will be its largest in the world to date.
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• 03.20.2013

  Caribou Coffee no longer to open shops inside J.C. Penney

  Minneapolis -- A Friday report by Bloomberg said that coffee purveyor Caribou Coffee has lost interest in opening shops inside J.C. Penney Co. stores.

  
  

  The revelation comes just six months after Penney CEO Ron Johnson announced Caribou Coffee as a potential partner.

  
  

  Caribou CEO Mike Tattersfield said in a Friday emailed statement that the company “does not have plans to move forward with a partnership at this time.” Tattersfield has not elaborated on the reasons for the change of heart.
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• 03.20.2013

  Zumiez Q4 profit up 22%; 60 new stores planned for 2013

  Lynwood, Wash. -- Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales.

  
  

  Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13 weeks). Same-store sales fell 1%.
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• 03.20.2013

  Hibbett Sports Q4 income up 22%; to open 65 to 70 stores

  Birmingham, Ala. -- Hibbett Sports reported that net income for its fiscal fourth quarter increased a better-than-expected 22.3% to $19.4 million, compared with $15.8 million for the same period last year.

  
  

  Net sales for the fourth quarter increased 14% to $217.4 million from $190.7 million in the year ago period. Same-store sales increased 4.9%.
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• 03.20.2013

  Reports: Costco to expand headquarters

  New York -- Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to published reports on Friday.

  
  

  The Seattle Daily Journal of Commerce reported Friday that Issaquah's director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million sq. ft.

  
  

  The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.
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• 03.20.2013

  Safeway names new EVP retail ops

  Pleasanton, Calif. -- Safeway Inc. said that Bruce Everette, 61, is retiring as EVP retail operations after a 44-year career at Safeway. He will be replaced by Kelly Griffith, currently the president of merchandising.

  
  

  “We are deeply grateful to Bruce for his significant and lasting contribution to our company's success," said chairman and CEO Steve Burd. "He is the consummate operating executive whose results and people-oriented approach to the business leave an unmistakable imprint on who we are as a company."
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• 03.19.2013

  Annual plastic packaging spend to reach $161.11bn

  Driven by growth in developing markets, the global rigid plastic packaging market will reach $161.11bn in 2013, experts predict.

  
  

  According to a new analysis from Visiongain, these emerging markets will be characterised by clear immaturity and strong economic growth and this will increase the quality and quantity of consumer purchases. The low labour costs will also incentivise multinationals to expand the scale of their operations in these markets.
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• 03.19.2013

  International Paper Company Price Target Raised to $14.50 at Raymond James

  International Paper Company (NYSE: IP) had its price target increased by Raymond James from $13.50 to $14.50 in a research note released on Thursday morning.

  
  

  A number of other analysts have also recently weighed in on IP. Analysts at Canaccord Genuity raised their price target on shares of International Paper Company from $11.00 to $13.00 in a research note to investors on Thursday. They now have a buy rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of International Paper Company from $12.00 to $9.00 in a research note to investors on Wednesday, March 13th. They now have a sector perform rating on the stock. Finally, analysts at Longbow Research reiterated a buy rating on shares of International Paper Company in a research note to investors on Wednesday, March 13th. They now have a $56.00 price target on the stock.
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• 03.19.2013

  Crude oil futures fall sharply on Cyprus bailout woes, firm dollar

  Crude oil futures came under heavy selling pressure during European morning hours on Monday, as appetite for growth-linked assets weakened after news of a bailout deal for Cyprus sparked fresh concerns over the sovereign debt crisis in the euro zone.

  
  

  Oil prices struggled further due to a stronger U.S. dollar, as dollar-priced commodities become more expensive to investors holding other currencies when the greenback gains.

  
  

  The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.6% to trade at 82.89.
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• 03.19.2013

  Meredith Expands Reach of Popular Media Brands to Turkey And Italy

  DES MOINES, Iowa and NEW YORK, March 18, 2013 /PRNewswire/ -- Meredith Corporation (NYSE:MDP; www.meredith.com), a leading global media and marketing company serving women, announced several agreements that expand the reach of its popular media brands in Turkey and Italy.  

  
  

  In Turkey, Istanbul-based Dinosaurs Yayincilik ve Dijital Medya Ltd. will launch local editions of three Meredith brands: Better Homes and Gardens, Parents and More.  All three will be published under license in the Turkish language, with distribution planned via subscriptions and newsstands throughout the country.  The titles are expected to launch in April 2013.

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• 03.19.2013

  Hastings Entertainment, Inc. Reports Results for the Fourth Quarter of Fiscal 2012

  AMARILLO, Texas, March 18, 2013 /PRNewswire/ -- Hastings Entertainment, Inc. (NASDAQ: HAST), a leading multimedia entertainment retailer, today reported results for the three months and fiscal year ended January 31, 2013.  Net income was approximately $1.2 million, or $0.15 per diluted share, for the three months ended January 31, 2013 compared to a net loss of approximately $8.4 million, or $1.00 per diluted share, for the three months ended January 31, 2012.  Net loss was approximately $9.3 million, or $1.14 per diluted share, for the fiscal year ended January 31, 2013 compared to a net loss of $17.6 million, or $2.05 per diluted share, for the fiscal year ended January 31, 2012.
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• 03.18.2013

  Suzano Price Increase - Paperboard

  Please be advised that effective withe May Production orders, Suzano Pulp and Paper will increase the prices on all Paperboard Grades $50 Per Ton.
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• 03.18.2013

  Printing firm closing, laying off 57

  RR Donnelley & Sons Co. told the state of Ohio it expects to close its Sycamore Township facility and lay off 57 workers.

  The Chicago-based commercial printing firm said the layoffs could start May 13 and be complete by the end of the month.

  The notice was sent pursuant to the Worker Adjustment and Retraining Notification Act.

  RR Donnelley told the state earlier this month that it would close a facility in Greenfield in Highland County, Ohio, and lay off 166 workers starting May 6.

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• 03.15.2013

  January 2013 US commercial printing shipments up +2.4% compared to 2012

  January 2013 commercial printing shipments were $6.3 billion, up +$148 million (+2.4%) compared to 2012. On an inflation-adjusted basis, shipments were up +$50 million (+0.8%). This followed a poor December, where shipments were down -3.4% in current dollars. The December decrease and January increase may have been affected by small and mid-size businesses delaying expenses until January as part of their management of new tax laws.

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• 03.15.2013

  American Forest and Paper Association launches new initiative

  In keeping with the forest product industry’s legacy as a leader in sustainability, the American Forest & Paper Association (AF&PA) has announced a new initiative called “Better Practices, Better Planet 2020: Continuing AF&PA’s Commitment to Sustainability”

  This comprehensive set of quantifiable sustainability goals is the most extensive to date for a major U.S. manufacturing industry.

  With Better Practices, Better Planet 2020, the industry has set specific, challenging goals for increasing recovery of paper for recycling, increasing energy efficiency, reducing greenhouse gas emissions and promoting sustainable forestry practices, while continuing to strive for the safest workplaces possible.

  What does this mean for paper recycling?

  To remain a sustainability leader, the industry has set a goal to further increase recovery for recycling to exceed 70 percent by 2020. Industry-led efforts to increase paper recovery for recycling are among the best examples of how we are protecting our environment and meeting our economic and social commitments.
  •The paper industry has led the way by setting and achieving incremental paper recovery goals since 1990.  In the 20 years since, the recovery rate has nearly doubled.
  •In 2011, 66.8 percent of the U.S. paper consumed was recovered. By comparison, according to the EPA municipal solid waste data, only 27.1 percent of glass, 19.9 percent of aluminum and 8.2 percent of plastics consumed were recovered for recycling in 2010.
  •In 2010, 87 percent of the population had access to curbside and/or drop-off paper recycling
  •To help educate students and their families about the importance of paper recycling, AF&PA carried out programs in conjunction with Kaleidoscope and Keep America Beautiful to deliver curricula straight to the classroom.  Further, the annual AF&PA Recycling Awards recognize outstanding business, community and school paper recycling programs.

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• 03.15.2013

  Twin Rivers Paper Company Releases Acadia® Lidding

  Twin Rivers Paper Company, a leader in lightweight specialty packaging, label and publishing papers, releases Acadia® Lidding, an uncoated, high-finish packaging paper for lidding applications. Acadia Lidding provides the smoothness and blister-resistant characteristics that ensure optimal convertibility for applications such as yogurt and creamer lids.

  “We are committed to developing products that meet the unique needs of our customers. The release of Acadia Lidding reflects our ongoing commitment to the specialty packaging market segment,” says Bruce Wellman, Director of Product Development, R&D and Technical Services.
   
  Twin Rivers offers a comprehensive portfolio of specialty packaging papers that are known for their excellent printability and convertibility, with high performance in secondary processes such as coating, waxing, foil and film laminating, and metallizing. Acadia®, an uncoated machine-finished paper, is available in a basis weight range of 15-75 lbs. and Bladepak® C1S coated paper is available in a basis weight range of 35-73 lbs. All are FDA-compliant, meeting the requirements for direct food contact.

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• 03.15.2013

  Sonoco ThermoSafe Launches Certis® Silver Universal CRT Design-Qualified Shippers

  Sonoco ThermoSafe, a unit of Sonoco and the leading global provider of temperature assurance packaging, has launched the new Certis Silver Universal CRT (controlled room temperature) design-qualified shipper series to ensure ambient thermal protection for pharmaceuticals, biologics, vaccines and other high-value products.

  "Increasing global regulations are requiring that the shipments of pharmaceuticals and other high-value biologics must uphold strict temperature control to comply with each product's labeled storage requirements," said Russell Grissett, vice president, Sonoco ThermoSafe. "A regulatory focus on strict compliance to storage temperature limits has increased the demand for controlled room temperature shipping solutions.  The new Certis Silver Universal CRT series has been designed to fulfill this emerging market need," continued Russell.
   
  "Our Certis Silver Universal CRT Shippers are design-qualified to our real-world ISCsilver® ambient profile to ensure absolute thermal protection. These EPS insulated containers utilize PureTemp™ advanced phase change materials that provide a consistent 15- to 25-degree Celsius temperature control for up to four days," mentioned Prakash Mahesh, vice president, Sales and Marketing.
   
  Certis CRT shippers are capable of holding a 14-liter payload for 72-hour duration and an 11-liter payload for 96-hour durations when packed with the same component configuration regardless of the season.

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• 03.15.2013

  Grigiskes to Install New Paper Machine in Lithuania

  Lithuanian paper producer Grigiskes AB said that it intends to install a paper machine at its mill in Vilnius, Lithuania. This will be the third stage of the company's investment program previously announced in April 2011 by the company's President, Gintautas Pangonis.

  As part of the third stage, Grigiskes and SEB bank AB on Feb. 20 signed a loan agreement for LTL 35 million (EUR 10.1 million).

  In 2012, Grigiskes completed the first stage of the investment program by investing LTL 20.5 million (EUR 5.9 million) to rebuild and put into operation a new corrugated cardboard production line. The second stage included an investment of LTL 12.5 million (EUR 3.6 million) to increase the output of the paper mill with the addition of four new paper processing production lines.

  The loan signed on Feb. 20 will be used to purchase a new paper machine, Grigiskes said.

  The machine installation project will take two years and will involve more than LTL 53 million (EUR 15.3 million), the company said.

  Start-up of the new machine is expected by the end of 2014.

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• 03.15.2013

  Mag Bag: Conde Nast Unveils Video Offerings, Promotes Wintour

  Condé Nast had a busy week, with a veritable raft of new products and staffing news. On Wednesday, Condé Nast revealed that Anna Wintour, the iconic editor in chief of Vogue immortalized in “The Devil Wears Prada,” has been given yet another role with sweeping responsibilities --artistic director for the entire company. Wintour will continue in her previous roles as EIC of Vogue and editorial director of Teen Vogue.
   
  Also this week, Condé Nast Entertainment, the company’s new video division, unveiled its first online video offerings, with new video players for GQ and Glamour. The new players feature original lifestyle and fashion content, which will also be distributed across Web, IPTV, mobile and tablet channels.
   
  Original content on the GQ channel includes The Ten, highlighting must-have items for men, Car Collectors, featuring celebrities and their cars, and Fighting Weight, devoted to fitness. The Glamour video content includes a Fashion Week Ride-Along with Cindi Leive; Elevator Makeovers, with quick beauty tips; and “Why Do Guys,” plumbing the mysteries of the male mind.  The Glamour and GQ branded series are being launched with exclusive sponsorship by Procter & Gamble, Microsoft and Mondelz International.
   
  On the ad tech front, this week Condé Nast joined The New York Times Co.’s Ricochet, a digital platform that allows advertisers to pair their ads with specific pieces of editorial content for sharing via social media, email, and other channels. 
   
  Separately, Macy’s is launching a new fashion line for young women called Teen Vogue through a licensing deal with Condé Nast, which publishes the magazine. According to Women’s Wear Daily (which is also owned by Advance Publications), the fashion line was developed by Macy’s in collaboration with editors from the magazine.
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• 03.15.2013

  FIT by Finch Helps Ricoh InfoPrint® 5000 Family of Platforms Print To G7 Specs

  Finch Paper’s FIT Color Management & Workflow Services team recently spent three days at Ricoh’s Solutions Center in Boulder, CO assisting their digital output solutions team in achieving consistent, G7 Color on their flagship InfoPrint aqueous continuous form inkjet platforms, the InfoPrint 5000 family.
   
  FIT’s innovative, collaborative work with Original Equipment Manufacturers like Ricoh helps to ensure our print customers’ success as they adapt to new printing technologies.
   
  Integrating G7 gray balance into Ricoh’s aqueous inkjet workflow allows for consistent color output, from machine-to-machine and job-to-job, as well as ensuring color balance on Finch’s various substrates.
   
  Finch Digital Application Manager Mary Schilling, who leads the FIT color team, said “The Ricoh team has designed a user-friendly machine workflow which allows the creation of custom color profiling for its InfoPrint 5000 platforms.”
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• 03.15.2013

  Destination XL Group, Inc. Reports Fourth-Quarter and Fiscal 2012 Financial Results

  Destination XL Group, Inc., the largest multi-channel specialty retailer of big & tall men's apparel and accessories, today reported operating results for the fourth quarter and fiscal year ended February 2, 2013 ("fiscal 2012").

  Highlights
  •Comparable fourth-quarter sales increased 0.5% and total fourth quarter sales increased to $114.9 million compared with $111.1 million in the fourth quarter of fiscal 2011. Full year comparable sales increased 1.5% and 2012 total sales were $399.6 million compared with $395.9 million in 2011.
  •Comparable fourth quarter sales for Destination XL® (DXL®) stores were up 15.0%, while comparable fourth quarter sales for Casual Male XL retail and outlet stores decreased 2.3%.  In the quarter, the DXL stores represented 18.0% of the Company's comparable retail store sales. Comparable fourth quarter sales from the e-commerce platform increased approximately 13.0%.
  •Income from continuing operations, on a diluted basis, for the fourth quarter was $0.09 per share, as compared to $0.71 per share for the fourth quarter of fiscal 2011. Adjusted income from continuing operations for the fourth quarter of fiscal 2011, before the reversal of the Company's valuation allowance and trademark impairment, was $0.08 per share. (See below for non-GAAP reconciliation.)
  •For the full year, income from continuing operations, on a diluted basis, was $0.17 per share compared with $0.93 per share for fiscal 2011. Before the reversal of the Company's valuation allowance and trademark impairment, adjusted income from continuing operations was $0.22 per share in 2011. 
  •Opened 14 Destination XL stores and closed 34 Casual Male XL stores in the fourth quarter of 2012, reaching 48 DXL stores at the end of the year towards its goal to transform its business with 215 to 230 DXL stores by 2016.

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• 03.15.2013

  Report Shows Continued Environmental Improvement in U.S. Book Industry

  A new report by the Book Industry Environmental Council (BIEC) and Green Press Initiative indicates that the U.S. book industry has continued to make progress towards reducing the environmental impacts of books including impacts on forests and climate change. Among the most notable findings was that paper producers who supply book papers reported using an average of 24% recycled fiber, almost a fivefold increase from 2004 when they were believed to be using around 5% recycled fiber.

  The report, which is available online at www.bookcouncil.org and www.greenpressinitiative.org is based on surveys issued to U.S. publishers as well as the printers and paper manufacturers in North America who supply them. Surveys of paper manufacturers also indicate that about 16% of book papers produced are certified by the Forest Stewardship Council (FSC) and an additional 40% of book papers are certified by the Sustainable Forestry Initiative (SFI).
   
  The report also finds that 82% book publishers surveyed now have environmental policies compared 59% in 2006. While there has been substantial growth in the number of publishers with environmental policies, only 52% of publishers’ policies include specific targets for increasing the use of recycled fiber, about the same percentage as in 2006 when 54% of publisher policies contained specific recycled fiber targets.
   
  Todd Pollak, Program Manager at Green Press Initiative which coordinates the BIEC says “the data indicate continued focus on environmental initiatives within the book industry and continued improvement across a wide range of environmental metrics. Despite these positive trends there is more work that needs to be done to ensure that books are not impacting some of the Earth’s most critical ecosystems.”
   
  The report also concludes that as a result of the increase in recycled fiber and the decrease in total paper consumption, the book industry has dramatically reduced greenhouse gas emissions in recent years meeting a goal established by the BIEC years ahead of the target date. The BIEC had previously established a target of reducing book industry emissions 20% below a 2006 baseline by the year 2020; however, the report estimates that climate changing emissions were reduced by at least 25% between 2006 and 2010.

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• 03.15.2013

  AAA Fuel Gage & Exchange Rates

  AAA Fuel Gage 3/15/13
  National Unleaded Regular:
  Current Average - $3.695/gallon
  Month Ago Average - $3.618/gallon
  Year Ago Average - $3.821/gallon
  Highest Recorded Average - $4.114/gallon on 7/17/08
  Diesel:
  Current Average - $4.072/gallon
  Month Ago Average - $4.075/gallon
  Year Ago Average - $4.122/gallon
  Highest Recorded Average - $4.845/gallon on 7/17/08

  Current Exchange Rates as of 3/15/13
  American Dollar to Canadian Dollar = 0.979627
  American Dollar to Chinese Yuan = 0.160800
  American Dollar to Euro = 1.306531
  American Dollar to Japanese Yen = 0.010402
  American Dollar to Mexican Peso = 0.080562

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