In the fourth quarter, total revenue of $5.0 billion was down 3 percent or 1 percent in constant currency. Revenue from the company’s Services business, which represented 54 percent of total revenue, was $2.7 billion, up 1 percent or 3 percent in constant currency. Services margin was 9.8 percent.
For the second time in a little more than two years the Anderson family has made an offer to take Books-A-Million private. BAM announced late Thursday that it had received a proposal from Clyde Anderson, the company’s executive chairman, that his family wanted to buy all the outstanding shares in BAM for $2.75 per share.
For the four weeks ended Jan. 24, 2015, same store sales increased 4.8 percent over the prior-year period.
The U.S. economy may be chugging along, but U.S. magazine editors still think the big story is the economy, stupid. But two major newsweeklies -- Bloomberg Businessweek and Time — took different tacks with their cover stories, focusing on the inequity of the U.S. economic expansion and the disruption being created by the so-called “sharing economy,” respectively.
Huhtamaki has completed the acquisition of Positive Packaging, a flexible packaging company with nine manufacturing facilities in India and the United Arab Emirates as well as significant business in Africa and other export markets. With the acquisition Huhtamaki continued to implement its strategy of quality growth and significantly strengthens its position in the fast-growing emerging markets.