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04.09.2012
The National Football League, which is unmatched in the sports business ($$$/billions of revenues per year), proved to be a flop in the magazine business with the closure late last week of NFL magazine. The circa-400,000 monthly launched last December--when the 2011 season was nearing its peak with the Super Bowl coming in February, which meant plenty of mentions during television game coverage. But the credibility of Canadian-based partner Dauphin Media Group was questioned from the start.
What also was questioned was why the NFL did not publish the magazine through the NFL Network, in the manner that ESPN the Magazine complements ESPN. That may very well happen should there be a relaunch.
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04.09.2012
Standard Register, a leader in the management and execution of mission-critical communications, today announced that on April 3, 2012, it was notified by the New York Stock Exchange that it is no longer in compliance with the NYSE’s continued listing standards. Standard Register is considered below the criteria since the Company’s average market capitalization was less than $50 million over a 30 trading-day period and, at the same time, its shareowner’s equity was less than $50 million.
Under applicable NYSE procedures, the Company has 45 days from receipt of the notice to submit a plan to the NYSE to demonstrate its ability to achieve compliance with the continued listing standards within 18 months. Standard Register intends to submit such a plan, which will likely include many of the elements of the strategic restructuring program announced on January 23, 2012, that is designed to better align the Company’s resources in support of its growing core solutions business and to reduce costs to offset the impact of declining revenue in its legacy operations.
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04.06.2012
As a result of rising input and transportation costs, NewPage is increasing prices effective on all new and existing orders with confirmed delivery dates of May 1, 2012 and later.
This increase applies to all Coated Freesheet and Coated Groundwood grades including, but not limited to, the following:
• Arborweb® web; Orion® web; and Vision® web $1.50/cwt US$/CAD$.
• Dependoweb® web; Escanaba® web; Capri® web; Consoweb® web; Consoweb Advantage® web; and All Textbook grades $3.00/cwt US$/CAD$.
This increase applies to all basis weights, finishes, brand extensions, and all related private label grades.
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04.06.2012
AAA’s Fuel Gage Report as of 4/5/12
National Unleaded Regular:
Current Average - $3.936/gallon
Month Ago Average - $3.764/gallon
Year Ago Average - $3.707/gallon
Highest Recorded Average - $4.114/gallon on 7/17/08
Diesel:
Current Average - $4.166/gallon
Month Ago Average - $4.084/gallon
Year Ago Average - $4.003/gallon
Highest Recorded Average - $4.845/gallon on 7/17/08
Current Exchange Rates as of 4/5/12
American Dollar to Canadian Dollar = 1.00199 (120 day high - 1.01463 on March 1, 2012; low 0.950905 on November 25, 2011)
American Dollar to Chinese Yuan = 0.158596 (120 day high – 0.158948 on February 13, 2012; low 0.156582 on October 21, 2011)
American Dollar to Euro = 1.3068 (120 day high - 1.416 on October 28, 2011; low 1.2669 on January 16, 2012)
American Dollar to Japanese Yen = 0.0122062 (120 day high – 0.0131979 on October 28, 2011; low 0.0119026 on March 21, 2012)
American Dollar to Mexican Peso = 0.0776729 (120 day high – 0.0793808 on March 14, 2012; low 0.0700535 on November 25, 2011)
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04.06.2012
Amazon.com, Inc. today announced a new Spanish-language eBook store within the Amazon.com Kindle Store, "eBooks Kindle en Español" (
http://www.amazon.com/tiendakindle), along with additional features specially implemented for U.S. Spanish-speaking customers like extensive help pages, and phone and email customer support in Spanish. U.S. customers can now shop for Spanish-language books in the new store on Amazon.com, or set any Kindle device to access a customized shopping experience designed for books in Spanish. eBooks Kindle en Español offers customers the most Spanish-language bestsellers, as measured by Nielsen, including "El Alquimista" by Paulo Coelho, "Cien años de soledad" by Gabriel García Márquez and "Juegos del Hambre" by Suzanne Collins. The store has over 30,000 titles in total, including the exclusive nonfiction work, "El Libro de los Manuales," from iconic Brazilian author Paulo Coelho, the best-selling Spanish-language author of all time on Amazon.com. The store also includes books from Nobel Prize winners Gabriel García Márquez, Camilo Jose Cela and Mario Vargas Llosa, popular titles from best-selling authors such as Julia Navarro, Carlos Ruiz Zafón and Isabel Allende, over a thousand free classics in Spanish, and exclusive Kindle Singles in Spanish. In addition to the new Spanish-language eBook store, the new $79 Kindle and many free Kindle reading apps can be easily customized for complete Spanish-language reading and navigation, including popular highlights and other social features.
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04.06.2012
Amcor announces today the US$40 million acquisition of the Aluprint tobacco packaging plant in Monterrey, Mexico.
The acquisition establishes a local presence in Mexico, a large and strategically located market for tobacco packaging. It follows Amcor’s recently announced purchase of a tobacco packaging operation in Argentina.
The Monterrey plant was constructed in 2009 at an approximate cost of US$40 million and the acquisition price represents the book value of assets acquired, comprising the plant at Monterrey, a cylinder engraving operation and working capital. The business has sales of US$30 million.
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04.06.2012
EMarketer today increased its e-commerce growth forecast for 2012, and now projects that U.S. online shoppers will spend $224.2 billion this year, up 15.4% from $194.3 billion in 2011. The research firm previously projected that sales would increase 11.3% from 2011, to $209.3 billion from $188.1 billion.
The rosier view of e-commerce came about because of several factors, says an eMarketer spokesman. Those include “stronger-than-expected figures reported by the U.S. Department of Commerce for e-commerce sales in 2011, particularly in Q4, as well as multiple reports suggesting that consumer optimism, homebuilding and the number of people willing to buy goods online is growing, while unemployment is declining slightly,” he says.
In February, the U.S. Department of Commerce said that U.S. e-commerce sales last year totaled $194.3 billion, up 16.1% from $167.3 billion in 2010. Seasonally adjusted online retail spending for the fourth quarter of 2011 hit $51.4 billion, up 15.5% from $44.5 billion for the same period in 2010. The unemployment rate in February was 8.3%, unchanged from January and down from 9.0% in February 2011, according to the U.S. Bureau of Labor Statistics.
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04.06.2012
Just more than a fifth of U.S. adults, 21%, said in February that they had read an e-book within the past year, up from 17% who said the same in December, according to a report issued today by Pew Research Center’s Internet and American Life Project.
And the spread of electronic reading devices apparently has inspired readers to read even more books, Pew says. What the center calls the “average reader of e-books” read 24 books within the past year, compared with 15 books for readers who remain completely loyal to print.
“It’s now clear that readers are embracing a new format for books and a significant number are reading more because books can be plucked out of the air,” says Lee Rainie, one of the authors of the Pew report.
Pew based its findings on a variety of surveys that covered different aspects of e-books, reading and device use: A survey of 2,986 consumers aged 16 and older conducted between Nov. 16 and Dec. 21, 2011; a survey of 2,008 consumers aged 18 and older conducted in January; and a survey of 2,253 consumers aged 18 and older conducted between Jan. 20 and Feb. 19.
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04.06.2012
Mercer International Inc. announced that it has extended to April 16, 2012, the expiry date for its offer to acquire all of the issued and outstanding common shares of Fibrek Inc. The extension is intended to allow Mercer to obtain shareholder approval at its meeting of shareholders scheduled for April 10, 2012, for the issuance of its common stock in connection with the Offer. Mercer previously entered into voting support agreements with its two largest institutional shareholders and its Chairman and Chief Executive Officer, who collectively own approximately 44% of the outstanding Mercer Shares, who have agreed to vote their Mercer Shares in favor of the Shareholder Approval.
The consideration offered by Mercer under the Offer and the remaining terms thereof remain unchanged. As varied, Mercer's Offer will expire at 11:59 p.m. (Eastern Time) on April 16, 2012, unless otherwise extended or withdrawn by Mercer.
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04.06.2012
Dick's Sporting Goods has agreed to make a 20 million pound investment ($31.75 million) in U.K. sports retailer JJB Sports plc, which operates over 180 stores in the United Kingdom and Ireland.
Dick's will purchase 18.75 million pounds ($29.76 million) in junior secured convertible notes and 1.25 million pounds ($1.98 million) in ordinary shares of JJB Sports. The transaction is subject to approval of the British company's shareholders.
Dick's has also received an option to buy an additional 20 million pounds in junior secured convertible notes of JJB in connection with a follow-on financing expected to take place in first quarter 2013.
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04.06.2012
Bed Bath & Beyond Inc. today reported net earnings of $1.48 per diluted share ($351.0 million) in the fiscal fourth quarter ended February 25, 2012, an increase of approximately 32% versus net earnings of $1.12 per diluted share ($283.5 million) in the same quarter a year ago. Net sales for the fiscal fourth quarter of 2011 were approximately $2.732 billion, an increase of approximately 9.1% from net sales of approximately $2.505 billion reported in the fiscal fourth quarter of 2010. Comparable store sales in the fiscal fourth quarter of 2011 increased by approximately 6.8%, compared with an increase of approximately 8.5% in last year's fiscal fourth quarter.
During the fiscal fourth quarter of 2011, the Company repurchased approximately $359 million of its common stock representing approximately 5.9 million shares. As of February 25, 2012, the remaining balance of the current share repurchase program authorized in December 2010 was approximately $919 million.
For the fiscal year ended February 25, 2012, the Company reported net earnings of $4.06 per diluted share ($989.5 million), an increase of approximately 32% over net earnings of $3.07 per diluted share ($791.3 million) a year ago. Net sales for fiscal 2011 were approximately $9.500 billion, an increase of approximately 8.5% from net sales of approximately $8.759 billion in the prior fiscal year. Comparable store sales for fiscal 2011 increased by approximately 5.9%, compared with an increase of approximately 7.8% in last year.
For fiscal 2012, the Company is modeling net earnings per diluted share to be approximately $.79 to $.83 for the fiscal first quarter and to increase by a high single to a low double digit percentage range for the full year, which will be 53 weeks.
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04.06.2012
Rite Aid Corporation today announced sales results for March.
For the four weeks ended March 31, 2012, same store sales increased 3.6 percent over the prior-year period. March front-end same store sales increased 4.6 percent. Pharmacy same store sales, which included an approximate 240 basis points negative impact from new generic introductions, increased 3.2 percent. Prescription count at comparable stores increased 2.6 percent over the prior-year period.
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04.06.2012
TC Media is further developing its digital network and has signed an agreement to represent poolexpert.com with Canadian advertisers. PoolExpert® is a fantasy league management platform that receives 207,000 unique visitors and 22,000,000 page views a month during the hockey season. It is a bilingual, subscriber-driven site; 94% of users are male and adds to TC Media’s available offer to hockey fans, notably The Hockey News website which receives 158,000 unique visitors a month. This agreement marks a fine addition to the TC Media digital network as it expands its offering for men in the Sports and Entertainment categories.
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04.06.2012
Retailer Saks Incorporated today announced that owned sales totaled $276.5 million for the five weeks ended March 31, 2012 compared to $260.2 million for the five weeks ended April 2, 2011, a 6.3% increase. Comparable store sales also increased 6.3% for the month.
On a year-to-date basis for the two months ended March 31, 2012, owned sales totaled $484.4 million compared to $456.3 million for the two months ended April 2, 2011, a 6.2% increase. Comparable store sales increased 6.4% for the two-month period.
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04.06.2012
Nordstrom, Inc. today reported an 8.6 percent increase in same-store sales for the five-week period ended March 31, 2012 compared with the five-week period ended April 2, 2011. Preliminary total retail sales of $1.03 billion for March 2012 increased 14.7 percent compared with total retail sales of $897 million for the same period in fiscal 2011.
Quarter-to-date same-store sales increased 9.2 percent compared with the same period in fiscal 2011. Preliminary quarter-to-date total retail sales of $1.73 billion increased 15.3 percent compared with total retail sales of $1.50 billion for the same period in fiscal 2011.
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04.06.2012
Kohl’s Corporation reported today that for the five-week month ended March 31, 2012 total sales increased 5.3 percent and comparable store sales increased 3.6 percent over the five-week month ended April 2, 2011. Year to date, total sales have increased 3.6 percent and comparable store sales have increased 1.8 percent.
The Company opened 9 new stores, including one relocated store, and closed one store in March 2012 and now operates 1,134 stores in 49 states, compared to 1,097 stores at the same time last year.
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04.06.2012
Gap Inc. today reported that March 2012 net sales increased 10 percent compared with last year.
Net sales for the five-week period ended March 31, 2012 were $1.46 billion compared with net sales of $1.33 billion for the five-week period ended April 2, 2011. The company’s comparable sales for March 2012, which include the associated comparable online sales, were up 8 percent compared with a 10 percent decrease for March 2011.
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04.05.2012
Target Corporation today reported that its net retail sales for the five weeks ended March 31, 2012 were $6,427 million, an increase of 7.9 percent from $5,955 million for the five weeks ended April 2, 2011. On this same basis, March comparable-store sales increased 7.3 percent.
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04.05.2012
Macy's, Inc. today reported total sales of $2.358 billion for the five weeks ended March 31, 2012, an increase of 6.9 percent compared with total sales of $2.206 billion in the five weeks ended April 2, 2011. On a same-store basis, Macy's, Inc. sales were up 7.3 percent in March 2012 as compared to March 2011.
For the year to date, Macy's, Inc.'s sales totaled $4.218 billion, up 6.3 percent from total sales of $3.969 billion in the first nine weeks of 2011. On a same-store basis, Macy's, Inc.'s year-to-date sales were up 6.1 percent.
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04.05.2012
Oil in New York traded near its lowest price in seven weeks, paring earlier gains amid renewed concern that the euro area has yet to contain its debt crisis.
Futures were little changed, after advancing as much as 1 percent. European equities retreated and the euro weakened against the dollar as Spanish bonds fell and borrowing costs increased at a French auction. A report showed industrial output in Germany declined more than forecast last month. New York crude dropped 2.4 percent yesterday, leaving West Texas Intermediate futures at the biggest discount to London-traded Brent crude in more than five months.
“Oil is staying near yesterday’s low on concerns about the European debt situation,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “It is in line with all risky assets right now. Today we had France, yesterday we had Spain’s auction. Equities and commodities are being driven by a higher risk aversion.”
Crude for May delivery on the New York Mercantile Exchange was at $101.67, up 20 cents, at 10:50 a.m. London time, after gaining as much as 96 cents to $102.43 a barrel. The contract fell yesterday to as low as $101.08 the least since Feb. 16.
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04.05.2012
Stora Enso Renewable Packaging plans to improve competitiveness and respond to customer needs through restructuring its converting operations at Páty in Hungary and efficiency measures in the consumer board mill at Barcelona in Spain.
“Demand for corrugated board consumer packaging has significantly weakened in Hungary, so we plan to centralise our operations in Hungary to Komarom Mill and close down Páty Mill. As a part of the plans, Komarom Mill would be enhanced with asset transfers and recruitment so it can better meet customer and market needs. The efficiency measures planned in Barcelona are intended to improve the mill’s profitability. The plans announced today, in combination with earlier announcements, would improve Renewable Packaging’s cost competitiveness,” says Mats Nordlander, EVP, Renewable Packaging.
According to the plans, converting operations at Páty Mill in Hungary would be permanently closed down by the end of the third quarter of 2012. The planned closure would affect 79 employees at Páty. The proposed restructuring measures would reduce the number of employees at Barcelona in Spain by 15. No decisions will be taken until after the local co-determination negotiations have concluded.
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04.05.2012
Bonnier Corp. and Pulse announced a new partnership today — 20 Bonnier brands are launching on Pulse, the award-winning application that makes it easy to consume news on mobile phones and tablets.
The new full-fledged partnership follows a trial run with Bonnier's iconic brand Popular Science. It launched on Pulse in July 2011 and has now become one of the most actively read sources on the Pulse platform.
Popular Science grew from 60,000 initial subscribers in its first month on Pulse to over 3 million subscribers in January 2012. The impressive growth in only six months pushed Bonnier and Pulse to form this new partnership. New Bonnier titles, in addition to Popular Science, officially launching today include: American Photo, Conceive, Field and Stream, Garden Design, Outdoor Life, Parenting, Popular Photography, Saveur, Scuba Diving, Ski, Skiing, Sound + Vision. TransWorld Ride BMX, TransWorld Business, TransWorld Motocross, TransWorld SKATEboarding, TransWorld Surf, TransWorld WAKEBOARDING and Working Mother.
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04.05.2012
Electric City Printing, a Consolidated Graphics, Inc. company based in Williamston, SC, recently installed an HP4600 digital press in order to facilitate a growing demand for the company’s printed race number capabilities. The new HP4600 will supplement output from the printer’s existing HP4050, which serves a similar function. Electric City is the world’s largest printer for competition media, providing entry packets, racing numbers, brochures, signage, and integrated technology to help facilitate major races and competitions throughout the world.
“We had to look for additional equipment to service our growing clientele,” said Electric City President Mike Schmitz. “Electric City has been servicing the racing business for over 30 years, and we’ve committed ourselves to bringing our customers the newest technology, highest-quality equipment, and best-in-class service to meet their needs.”
The new press will supplement the company’s existing HP4050 press, enabling Electric City to output nearly six million impressions per month in order to keep up with growing demand. The two presses will be used primarily to print race numbers on DuPont Tyvek, which requires specialized equipment to avoid melting the substrate. The digital press also helps service a growing demand for customization at events like the Disney Princess Race in Orlando, Florida, where runners can select a Disney princess, color, and name, all of which are printed onto the race number. Additional benefits of the new press include faster turnaround times and reduced cleanup and maintenance.
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04.05.2012
Google has enhanced its AdWords products by enabling advertisers to create multiple ads for multiple locations and by providing more precision by targeting at the zip code level, said Richard Holden, a Google product management director.
“These set of features will give advertisers more control over how they target advertising locally,” Holden said. “It also gives consumers higher quality ads by giving them the right ad at the right time.”
The first feature, AdWords Location Targeting, allows advertisers to target more than 30,000 US zip codes. They can add up to 1,000 post codes at a time to search ad campaigns. AdWords Location gives advertisers more precision about which ad to show and when, based on origin and regardless of the intent of the search.
Previously, Google would try to figure out what ads to show based on search intent, Holden said, not based on where the search originated from.
“This had some unforeseen consequences where ads were not showing what advertisers wanted them to show,” Holden said.
Holden said the tool is especially useful for the travel sector. For example, if a consumer in Atlanta searches for flights to Seattle, then an advertiser targeting Atlanta residents can still show their ads.
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04.05.2012
The 'Netflix for magazines' concept is back. Next Issue Media has rolled out a new digital newsstand subscription plan and app for tablet magazines that allows customers to pay a flat monthly fee for unlimited access to a collection of, so far, 32 titles.
For the $10.00 per month basic plan, customers have access to 27 titles from NIM's consortium of 5 publishers—Condé Nast, Hearst, Meredith, Time Inc. and News Corp—including Better Homes and Gardens, Esquire, Real Simple and Vanity Fair. So far, News Corp has not contributed a title in the plan.
For $15.00, customers get the premium plan, which includes five weeklies: Entertainment Weekly, People, Sports Illustrated, The New Yorker and Time.
The plan is being promoted with a free 30-day trial for first-time customers. Access includes the ability to choose freely among the selections.
Beyond the 32-title inventory, there are some other initial limitations. The magazines are only available for Android tablets. The company says it's submitting the newsstand app to Apple "in the coming weeks."
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04.05.2012
A Colorado law that required online retailers without a physical presence in the state to inform Colorado customers of their use tax obligations and also report that information to the state’s Department of Revenue has been ruled unconstitutional by a federal court judge.
The Colorado law, passed in 2010 but never enforced, required retailers with $100,000 or more in annual sales to Colorado residents to provide those consumers with a report of their past year’s purchases and notify them of their responsibility to pay use tax—essentially the equivalent of the state sales tax—on those purchases. The law also required the retailers to provide the state with an annual report listing the names, billing addresses, shipping addresses and the total amount of purchases for each of their Colorado customers.
In his ruling late last week, Judge Robert Blackburn, of the U.S. District Court for the district of Colorado, wrote that the Colorado law placed unique burdens on out-of-state retailers and were discriminatory. “The Act and the Regulations [of the Colorado law] directly regulate and discriminate against out-of-state retailers and, therefore, interstate commerce,” wrote Blackburn. His ruling cited a 1992 U.S. Supreme Court decision from which was born a requirement that states can’t tax online purchases from e-retailers that don’t have a physical presence in those states.
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04.05.2012
In an effort to better serve customers through consolidated and streamlined operations, Pactiv intends to phase out all operations at the Molded Fiber facility in Griffith, Ind. before the end of 2012. All product production and equipment at Griffith will be transferred to other Pactiv facilities based on the needs of customers and the business.
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04.05.2012
Amazon.com is America's most relevant retailer, followed by Target, according to Brodeur Partners’ Retail Relevance Top 10 ranking. The study asked shoppers to look at 21 of the nation's top retailers and select the "most" and "least" personally relevant retailer in four specific areas: practicality, values, sensory appeal and social appeal.
"These are four ingredients of relevance that you look for in everything, from a Google search to a product, candidate, cause, or place to shop," said Brodeur Andy Coville, CEO, Brodeur Partners, Boston. "Amazon.com has clearly cracked the code when it comes to being relevant to American shoppers."
It is striking, the company noted, that shoppers gave Amazon.com the highest ranking in the area of practical value considering it has no real-world storefront shoppers can visit.
Target came in second in the relevance ranking largely because shoppers found it the most appealing to the senses.
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04.05.2012
Kirkwood Holdings has acquired Nu Graphics Etc., an advanced digital print solutions company. Nu Graphics Etc. joins renowned commercial printer Kirkwood Printing (Printing Impressions 2011 Top 400 ranking: #111 with $43 million in sales) and direct marketing communications leader Kirkwood Direct in serving a sophisticated domestic and international clientele. Perrone Group, which is also under Kirkwood Holdings’ umbrella, offers extensive direct marketing expertise to the higher education and nonprofit marketplace.
“The purchase of Nu Graphics Etc. is a growth-based acquisition designed to meet our clients’ rapidly growing demand for high quality variable digital and large format printing,” says Robert Coppinger, president and CEO of Kirkwood Holdings. “We are poised to take Nu Graphics Etc. from a strategic partner to a member of the Kirkwood family, retaining the same exceptional management and services.”
According to Stephan Duncan, president and general manager of Kirkwood Direct, “The acquisition of Nu Graphics is extremely positive and will continue to ensure that our clients receive a full roster of services unmatched by any other company.”
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04.05.2012
Stein Mart, Inc. today reported comparable store sales for the five-week period ended March 31, 2012 decreased 0.3 percent. Total sales for the period were $127.5 million, an increase of 0.4 percent from $127.0 million in the same period in 2011.
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04.05.2012
Costco Wholesale Corporation today reported net sales of $9.13 billion for the month of March, the five weeks ended April 1, 2012, an increase of 10 percent from $8.33 billion during the similar period last year.
For the first thirty-one weeks of its reporting period ended April 1, 2012, the Company reported net sales of $56.34 billion, an increase of 11 percent from $50.79 billion during the similar period last year.
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04.05.2012
The Bon-Ton Stores, Inc. today announced comparable store sales for the five weeks ended March 31, 2012 decreased 0.1%. Total sales decreased 0.1% to $254.1 million for the five weeks compared with $254.5 million for the prior year period.
Year-to-date comparable store sales increased 0.3%. Year-to-date total sales increased 0.3% to $453.5 million compared with $452.2 million for the same period last year.
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04.05.2012
Walgreens had March sales of $6.02 billion, a decrease of 4.3 percent from $6.29 billion for the same month in fiscal 2011.
Total front-end sales increased 2.5 percent compared with the same month in 2011, while comparable store front-end sales increased 1.2 percent. Customer traffic in comparable stores decreased 1.0 percent while basket size increased 2.2 percent.
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04.05.2012
Limited Brands, Inc. reported a comparable store sales increase of 8 percent for the five weeks ended March 31, 2012, compared to the five weeks ended April 2, 2011. The company reported net sales of $840.9 million for the five weeks ended March 31, 2012, compared to net sales of $863.0 million last year.
The company reported a comparable store sales increase of 8 percent for the nine weeks ended March 31, 2012, compared to the nine weeks ended April 2, 2011. The company reported net sales of $1.495 billion for the nine weeks ended March 31, 2012, compared to sales of $1.534 billion last year.
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04.05.2012
Effective with all orders entered immediately and all orders shipping on or after May 1, 2012, Verso Paper Corp. is increasing the transaction price of all Coated Freesheet, Coated Groundwood and Supercalendered grades.
The increase applies to all Coated Freesheet, Coated Groundwood and Supercalendered grades including but not limited to the following brands: The prices for Influence®, Influence Soft-Gloss®, Velocity® will increase by $1.50/cwt ($30/short ton). The prices for Liberty®, Advocate®, Advocate EHB®, Advocate Roto®, Advocate Roto Hi-Bulk® and Clarity® Plus will increase by $3.00/cwt ($60/short ton).
The increases apply to all grades, basis weights, bulks and finishes.
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04.04.2012
Consumer confidence rose again in March, spurred by brightening attitudes toward the overall economy and sustained confidence in personal finances. The Discover U.S. Spending Monitor, a 4-year-old daily poll tracking economic confidence and spending intentions of nearly 8,200 consumers throughout the month, climbed 1.6 points to 96.5. The Monitor is at its highest level since October 2007, and has jumped 19.5 points during the past six months.
In March, a quarter of respondents said their personal finances were improving, and 35 percent said that the overall economy is improving – the highest figure since April 2010. At the same time, 50 percent responded that the economy was poor, which is the lowest figure since April 2010.
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04.04.2012
Verso Paper Corp. announced today the completion of the tender offer of two of its subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc. to purchase any and all of the Issuers' outstanding 11.5% senior secured notes due 2014.
The Tender Offer expired at 11:59 p.m., New York City time, on April 3, 2012. As previously announced, the Issuers received tenders from the holders of $270,573,000 aggregate principal amount of the Notes prior to the early tender payment deadline of March 20, 2012, at 5:00 p.m., New York City time, which represented approximately 85.9% of the outstanding Notes. On March 21, 2012, the Issuers accepted for early payment, and paid for, the Notes tendered prior to the Early Tender Date. After the Early Tender Date and prior to the Expiration Date, the Issuers received no additional tenders. The tenders for all Notes received by the Issuers prior to the Expiration Date represented approximately 85.9% of the outstanding Notes. The Issuers intend to redeem the Notes that remain outstanding after completion of the Tender Offer at the applicable redemption price, plus accrued and unpaid interest, on April 30, 2012.
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04.04.2012
Mergers and acquisitions are on the rise for b-to-b companies in 2012 as companies look to grow and branch out into new areas. Some of these include the acquisition of TransUnion, a provider of information management and risk management solutions, by Advent International and GS Partners for $3.3 billion and the QuinStreet acquisition of Ziff Davis Enterprise. Merger and acquisition activity for the business-to-business media sector picked up slightly in the first quarter of 2012, with nine transactions at a total value of $63 million vs. only four transactions for a total value of $15 million in the first quarter of 2011.
Notable deals in the most recent quarter included: Briefing Media’s acquisition of UBM’s Medical and Agricultural Divisions for nearly $16 million; Urban Expositions’ acquisition of Airport Concessions, a magazine, tradeshow and data source company serving the airport industry; and Seguin Partner’s CFO Publishing acquisition of Innovation Enterprise Group, a B2B multichannel media brand for finance executives, according to The Jordan, Edmiston Group, Inc. (JEGI). But what are companies looking for when deciding on whether or not to go forth with a merger or acquisition? John Wickersham, Partner at Atwood Capital Partners; Managing Partner Reed Phillips III from Desilva and Phillips Investment Banking; and Richard Mead, Managing Director, JEGI, offered their input as to what is making mergers and acquisitions more attractive for b-to-b media.
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04.04.2012
Cascades Inc., a leader in the recovery and the manufacturing of green packaging and tissue paper products, announces today that its Norampac division has acquired Bird Packaging Limited's converting and storage facilities located in Guelph, Kitchener and Windsor, in Ontario. The financial terms of the transaction have not been disclosed.
According to Marc-André Dépin, President and Chief Executive Officer of Norampac, “This acquisition is beneficial to Norampac and Cascades as it will allow us to broaden our market reach in Ontario by integrating plants that benefit from an excellent reputation amongst their customers. In addition to a well-established customer base, Bird also has state-of-the-art equipment, a team of skilled people and a vast line of products and services that complement Norampac's product offering”.
This investment is part of Norampac's development strategy which aims at expanding its geographical presence in Ontario and relying on productive assets. Furthermore, Bird's packaging products represent a compelling add-on to Norampac's portfolio and will increase our competitiveness with an improved product offering.
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04.04.2012
Despite Congress's political gridlock, the U.S. Postal Service (USPS) expects action on a comprehensive postal bill to address its financial issues on the Senate floor “within the next two weeks,” said Ron Stroman, deputy Postmaster General at the USPS, during the executive briefing session at the National Postal Forum (NPF) in Orlando, Fla.
Stroman singled out Nevada Senator Harry Reid as a major supporter in the USPS's efforts to push the bill to the Senate. “We have a good shot of getting the House to take action,” Stroman said. “If we get that done, we can get to a conference. In that conference I think we can resolve a lot of our differences.”
Stroman identified three issues within Congress that account for the current indecision.
“The Senate tells us we have to move slower. The House tells us we have to move faster,” Stroman said. “Trying to navigate between those two has been a major stumbling block for us.” He added that political consensus is necessary for the USPS to move forward.
The second problem, Stroman said, is that ironically the USPS might not have enough of a financial crisis to spur Congress into action. “All we hear about is: ‘When will you run out of money? At what date? That's when we can get something done,'” Stroman recalled.
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04.04.2012
Oil dropped for a second day amid rising crude stockpiles and speculation the Federal Reserve may refrain from more monetary stimulus to boost the U.S. economy.
Futures slipped as much as 1 percent in New York, extending yesterday’s drop. An American Petroleum Institute inventory report after the market closed showed an increase in crude supplies three times larger than analysts expect a separate report from the Energy Department to show later today. Federal Reserve minutes from a March policy meeting showed it plans to hold off from increasing monetary accommodation unless economic expansion falters.
“I don’t think we really have a problem with supply right now,” said Sintje Boie, an analyst at HSH Nordbank in Hamburg who predicts Brent crude will stay at about $120 a barrel until the middle of the year. “We’ll only see oil prices between $130 and $150 if there’s an escalation in the conflict with Iran. But I think we’ll get some kind of diplomatic solution.”
Oil for May delivery declined as much as 99 cents to $103.02 a barrel in electronic trading on the New York Mercantile Exchange. It was at $103.24 at 11:10 a.m. London time after losing 1.2 percent yesterday.
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04.04.2012
The American Society of Magazine Editors (ASME) today announced the finalists for the 2012 National Magazine Awards. Known as the Ellies—for the Alexander Calder stabile “Elephant” given to each award winner—the National Magazine Awards will be presented on Thursday, May 3, at the New York Marriott Marquis.
The May 3 gala will include the presentation of the Magazine Editors' Hall of Fame Award to Terry McDonell, who as Editor of the Time Inc. Sports Group oversees Sports Illustrated. The Hall of Fame was established in 1995 by ASME to recognize the editorial achievements and career-long accomplishments of leading journalists and honors distinguished service to the magazine industry. Click here to read the announcement of Mr. McDonell’s election to the Hall of Fame.
New York and The New Yorker Lead 2012 Finalists
The 2012 National Magazine Award finalists include 52 titles in 20 categories. Twenty-six magazines received multiple nominations, led by New York and The New Yorker, both with six.
Magazines receiving multiple nominations include: The Atlantic (3 nominations), Bloomberg Businessweek (3), ESPN The Magazine (2), Esquire (3), Field & Stream (2), Garden & Gun (2), Glamour (2), GQ (5), Harper’s Magazine (3), Interview (2), Los Angeles (2), McSweeney’s Quarterly (2), Men’s Health (2), National Geographic (3), New York (6), The New York Times Magazine (3), The New Yorker (6), Real Simple (3), Rolling Stone (2), Texas Monthly (2), TIME (3), Vanity Fair (2), Virginia Quarterly Review (3), Vogue (2), W (2) and Wired (4).
Group publishers with multiple nominations include: Atlantic Media Company (3 for The Atlantic); Bloomberg L.P. (3 for Bloomberg Businessweek); Bonnier Corporation (4 for Field & Stream, Outdoor Life and Saveur); Brant Publications (2 for Interview); Conde Nast (24 for Bon Appetit, Glamour, GQ, The New Yorker, Vanity Fair, Vogue, W and Wired); Emmis Communications (4 for Los Angeles and Texas Monthly); Hearst Magazines (10 for Country Living; Esquire; Good Housekeeping; House Beautiful; Marie Claire; O, The Oprah Magazine; Popular Mechanics and Redbook); National Geographic Society (3 for National Geographic); New York Times Company (3 for The New York Times Magazine); Rodale (3 for Bicycling and Men’s Health); Time Inc. (7 for Real Simple, Sports Illustrated and TIME); and Wenner Media (3 for Men’s Journal and Rolling Stone).
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04.04.2012
Crosschannel retailer HSN has acquired upscale children's apparel seller Chasing Fireflies, and will make it a part of the Cornerstone Brands operating segment. Terms of the deal were not disclosed, but HSN has said Chasing Fireflies will continue to operate as an independent brand.
Chasing Fireflies was founded in 2006 by former Nordstrom and Celebrate Express executives Dina Alhadeff, Amy Grealish and Lori Liddle, and sells children's apparel, costumes and gifts online and via the Chasing Fireflies and Wishcraft catalogs. The Chasing Fireflies co-founders will continue to run the business and oversee day-to-day operations from their office in Seattle, while working closely with Cornerstone CEO Mark Ethier, HSN said in a press release.
Chasing Fireflies, which won a Silver in the 2010 MCM Awards children's catalog category, did nearly $20 million in business in 2009. Those net sales nearly doubled to $39 million in 2011.
Chasing Fireflies joins Ballard Designs, Frontgate, Garnet Hill, Grandin Road, Improvements, Smith + Noble, The Territory Ahead and TravelSmith as members of the Cornerstone family. Cornerstone distributes more than 300 million catalogs annually, operates eight separate digital sales sites and operates 19 retail and outlet stores.
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04.04.2012
Finishing equipment supplier IFS has moved to meet a growing demand for hardback book manufacture by adding Photobook Technology to its vendor arsenal.
IFS has become the exclusive UK supplier for the Swiss manufacturer, which produces equipment for the photobook and prestige publication sector.
The range includes the the Mitafold, which automatically creases, folds and presses sections, ready for turning into lay-flat bookblocks by the Mitamax section glueing machine.
IFS will also supply the Mitabook, a compact, fully automated hardcover casing-in system designed specifically for the short-run sector.
Joint managing director Tony Hards said: "These exciting products offer printers significant growth potential in premium and niche sectors; they are an ideal complement to our range of market-leading finishing solutions for both litho and digital print.
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04.04.2012
The demand for US corrugated and paperboard boxes is projected to exceed $36bn (€27bn) in 2016, driven by an economic recovery and expanded food and beverage output, according to a research study.
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04.04.2012
Last week the U.S. Postal Service launched its latest redesign of the popular Click-N-Ship online tool, making it easier and faster for customers to manage and ship their domestic and international packages. Customers using Click-N-Ship will see a cleaner, more streamlined design that reflects the features of usps.com.
“Returning Click-N-Ship customers will experience a new and improved usps.com, while new shippers giving Click-N-Ship a try will find an innovative and smart and super-fast way to ship with the U.S. Postal Service,” said Kelly Sigmon, vice president, Channel Access. “It’s the simpler way to ship and can be found right on your desktop at Click-N-Ship,” she added.
One of the most exciting features of the new and improved Click-N-Ship application is the four-step progress bar that allows customers to easily track where they are in the “Print a Shipping Label” process. There also is an easier-to-navigate home page that provides quick access to the Shipping Cart, and the Shipping History landing page where users can immediately view their labels produced in the previous 30 days, and the new Address Book which can store up to 5,000 addresses.
Customers can also try the new fast path to Priority Mail Flat Rate Shipping and send their packages with fewer clicks. And, the “Ship Again” feature allows customers to recreate labels from their shipping history cutting the number of clicks by more than half.
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04.04.2012
For Planters, America's favorite snack nut brand, sustainability has been a core part of its business for some time. In order to reduce Planters' impact on the environment through packaging changes, the brand turned to Hartsville, S.C.-based packaging and sustainability leader Sonoco, one of the largest diversified global packaging companies. In conjunction with the launch of the "Naturally Remarkable" campaign in 2011, Planters introduced a completely new plastic package to further its heritage of sustainability.
Given the weight of glass as a packaging material, Planters 16oz. and 20oz. glass peanut jars were candidates for an update. The challenge for Sonoco was developing a lighter package that would not compromise Planters' targets for quality, capacity, clarity and shelf life.
Sonoco responded by delivering a durable, light-weight plastic option that weighted 84 percent less than the original packaging - while still meeting the Planters brand's stringent quality targets. The significant reduction in packaging materials led to several benefits, including a 25 percent reduction in the number of trucks required to transport Planters Dry Roasted Peanuts. Additionally, Planters new plastic packaging is 100 percent recyclable and BPA free.
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04.04.2012
QuadDirect, a division of Quad/Graphics, Inc. is completing installation of a new “Press-Plus” solution for inline direct mail production that promises higher response rates and improved ROI. Its modular component approach allows clients greater direct mail capabilities and flexibility, while retaining the speed and efficiencies of inline production. The system can be customized to produce more sophisticated direct mail pieces using the latest response-driving ink-jet and finishing techniques. Inline mail sorting helps shorten production cycles and lower costs overall compared to prior systems.
“Our newest press installation redefines inline direct mail printing by building in the newest component capabilities required to produce increasingly personalized, targeted and engaging direct mail promotions,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. “This press system reflects Quad’s continuing commitment to innovation, technology and leadership in inline direct mail production.”
Steve Jaeger, President of QuadDirect, added that Quad’s end-to-end inline solutions create finished mail-ready direct marketing pieces in a single, continuous production workflow. “Traditionally the efficiencies of inline production came at the expense of feature and format flexibility,” he said. “With this innovative Press-Plus design solution in our Pewaukee, Wis., location, we are able to customize and configure the press to deliver a much greater range of direct mail formats, features and solutions, while helping control both production and mailing costs.”
Typical applications include press-pasted booklets, self-mailers with single- or double-card applications, self-mailers with unique pocket designs, inline envelope packages with multiple components and much more.
The 12-unit, six-color, double-web offset press configuration is equipped with inline ink-jet, inspection, sorting and mailing technologies. Folding, perfing, cutting and gluing options provide a wider range of page size and page count flexibility. Varnishes and spot colors, UV coating, high-speed label application, and advanced ink-jet addressing and personalization are additional features that give direct marketers even more options in creative design and format execution.
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04.04.2012
2012 started off strong with 52 new titles launched and only 12 folds, according to online database MediaFinder.com. Niche magazines replaced regionals as the most fertile launch category in the first quarter of this year, with new restaurant, hunting & fishing and lifestyle titles hitting newsstands.
While the number of launches fell slightly from the first quarter of 2011 to the first quarter of 2012 (down from 54 to 52), closures fell dramatically. The first three months in 2011 saw 24 closures, while the same period in 2012 only had 12 magazine shutters. Among those titles is Sandra Lee Semi-Homemade and Spa in the consumer sector; b-to-b media lost Pharmaceutical Representative and Heat Treating Progress.
New titles include five DiningOut guides, produced by Pearl Publishing, and four books from J.F. Griffin Publishing in the hunting & fishing category. It’s been a lucrative quarter for lifestyle/luxury titles as well, with Bloomberg Pursuits’ debut and the return of TIME’s Style & Design.
The business-to-business category added eight new titles, including Professional Yacht Broker.
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04.03.2012
R. R. Donnelley & Sons Company today announced that it has taken an equity stake in San Francisco-based Real Valuable Corporation, maker of the CoffeeTable iPad catalog shopping app (coffeetable.com). CoffeeTable offers a discovery-based tablet shopping experience for consumers to browse and shop across multiple retailers and provides a comprehensive set of data analytics to help drive retailers' multi-channel marketing strategies.
"This new relationship continues to expand the range of our digital service offering," said Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer. "In virtually every customer segment that we serve, we offer a compelling digital service that complements our other capabilities. We serve retailers, catalogers, and other direct response marketers with an array of resources. The addition of CoffeeTable enables us to craft even more extensive end-to-end solutions for our customers."
The catalog industry uses a variety of media for customer acquisition, engagement, and conversion. The CoffeeTable iPad app connects the inspiration of traditional catalogs with the instant gratification of e-commerce. CoffeeTable offers usage data to deliver catalog analytics to aid retailers' channel planning, complementing RR Donnelley's expertise and end-to-end capabilities.
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