After more than 100 years in business, Midland has grown from a single Midwest location to a national company with offices from coast to coast.
This type of growth requires relentless effort and a continual focus on doing things right.
We bring the best products, the best people and the best service to all of our customers in all of our business segments. Play the video to see how we do it.
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21Aug 19
LSC Communications Celebrates Opening of First Onsite Healthcare Center in Crawfordsville, Indiana
LSC Communications announced the opening of Crawfordsville Family Health Center, the company’s first onsite medical facility offering healthcare, wellness coaching and assessments for its employees and their families. The center was launched as part of a companywide initiative to enhance the wellbeing of employees by providing a holistic approach to wellness and making healthcare more accessible. Mike Berendes, Vice President of Manufacturing for LSC Crawfordsville, commented, “As one of LSC’s largest facilities in the US, we and our employees are thrilled that Crawfordsville was selected to launch the company’s first healthcare center.” LSC partnered with onsite healthcare provider Marathon Health to operate the new medical center. Additional programs being offered include health coaching for weight management, stress management and smoking cessation.
21Aug 19
URBN Reports Q2 Results
Total Company net sales for the three months ended July 31, 2019, decreased 3.0% over the same period last year to $962 million. Comparable Retail segment net sales decreased 3%, driven by negative retail store sales, partially offset by growth in the digital channel. By brand, comparable Retail segment net sales increased 6% at Free People and decreased 3% at the Anthropologie Group and 5% at Urban Outfitters. Wholesale segment net sales decreased 8%. For the three and six months ended July 31, 2019, the gross profit rate decreased by 304 basis points and 242 basis points versus the prior year’s comparable periods, respectively. The decrease in gross profit rate for both periods was driven by higher markdowns, deleverage in delivery and logistics expenses and store occupancy deleverage. The higher markdowns were largely driven by underperforming women’s apparel at the Anthropologie and Urban Outfitters brands.
21Aug 19
Target Reports Second Quarter 2019 Earnings
Total revenue of $18.4 billion increased 3.6 percent from $17.8 billion last year, reflecting sales growth combined with a 6.3 percent increase in other revenue. Second quarter sales growth of 3.6 percent reflected comparable sales growth of 3.4 percent combined with the contribution from non-mature stores. Comparable digital sales grew 34 percent, contributing 1.8 percentage points to comparable sales growth. Operating income was $1,324 million in second quarter 2019, up 16.9 percent from $1,133 million in 2018. Second quarter operating income margin rate was 7.2 percent in 2019, compared with 6.4 percent in 2018. Second quarter gross margin rate was 30.6 percent, compared with 30.3 percent in 2018, reflecting the benefit of merchandising efforts to optimize costs, pricing, promotions and assortment, combined with the benefit of favorable category sales mix.