For the full year 2014, earnings were $4.22 per diluted share, or $4.40 excluding items described below. This represents an increase of 9 percent, or 10 percent excluding items described below, over fiscal 2013. The $4.40 per share is in line with management’s initial guidance provided at the beginning of the year for earnings per share, excluding items described below, to be in the range of $4.40 to $4.50 per share in fiscal 2014, and better than the revised guidance in the range of $4.25 to $4.35 provided at the end of the third quarter. Comparable sales growth on an owned plus licensed basis in the full-year 2014 was 1.4 percent. On an owned basis, full-year 2014 comparable sales grew 0.7 percent. For the 52 weeks of 2014, Macy’s, Inc. sales totaled $28.105 billion, up 0.6 percent from total sales of $27.931 billion in fiscal 2013. Comparable sales growth on an owned plus licensed basis for the full-year 2014 was 1.4 percent. On an owned basis, full-year 2014 comparable sales grew 0.7 percent.
* Fourth-quarter net sales of $3.1 billion grew 11.4% from the fourth quarter of 2013; organic net sales grew 0.5% from the fourth quarter of 2013 * Fourth-quarter GAAP net earnings attributable to common shareholders of $19.5 million, or $0.10 per diluted share, compared to GAAP net earnings attributable to common shareholders in the fourth quarter of 2013 of $104.0 million, or $0.56 per diluted share
“We want to see calm markets,” al-Naimi told reporters after a speech at a conference in the Red Sea city of Jazan in the nation’s southwest. Saudi Arabia will remain the largest oil exporter, he said, without specifying dates. Brent crude futures, a benchmark for more than half of the world’s oil, gained 3.2 percent this year, after plunging 48 percent in 2014. The contract rose as much as 54 cents in trading Wednesday and was at $59.15 a barrel at 12:20 p.m. in London on the ICE Futures Europe exchange.
Chegg, which competes with Amazon on physical textbook rentals but preceded Amazon into the rental market by several years, has cut a deal with Ingram Content Group. Ingram, a well-known book distributor, will take over responsibility for buying, warehousing and shipping the physical textbooks, with the phase-in beginning May 1 and complete by the end of 2015. Chegg will continue to market its textbook rental service, but essentially Ingram will handle all actual textbook purchases and fulfillment.
The Forest Stewardship Council US recently took a closer look at the efforts of one FSC-certified company, Domtar, to develop a case study about their Ashdown, Arkansas mill. Through the creation of the Four States Timberland Owners Association, Domtar was able to bring family forest owners in the region into FSC group certification, supplying fiber to their mill and supporting landowners in their efforts to responsibly manage their forests.
The first public consultation for the Controlled Wood US National Risk Assessment (US NRA) is open until March 13, 2015. The draft US NRA, a comment form, and a summary of the NRA are available on the consultation website. Your participation in this public consultation will help ensure that the new Controlled Wood system functions well in the US. After this consultation, the US NRA will be revised based on your input, and a second 30-day public consultation will be conducted before final review and approval of the US NRA by the FSC US Board of Directors.
HMH Education Services will provide a full spectrum of support, from technical planning and curriculum implementation guidance to district-wide data analysis and school improvement offerings. The team will also introduce new ways to deliver professional development to educators, including additional digital and blended learning options. Highlights include a new “Digital Learning Essentials” series, which offers best practice training for technology-enhanced instruction, and “AskHMH,” an online teacher resource available 24/7. Multiple modes of delivery will give customers increased choice and provide educators with a more flexible development and support experience.
*First quarter net revenue of $26.8 billion, down 5% from the prior-year period and down 2% on a constant currency basis *First quarter non-GAAP diluted net earnings per share of $0.92, up 2% from the prior year period and within the previously provided outlook of $0.89 to $0.93 per share
Although TV advertising revenue remains weak, the U.S. advertising market recorded overall gains for January -- up 5%, largely thanks to still-surging digital ad spending. At the same time, overall digital spending continued to rise sharply -- up 30% from a year ago. Digital now has a 27% share of overall U.S. advertising dollars, up from a 19% share two years ago. Other media categories were mostly down: Magazines were flat versus a year ago; newspapers were off 3%; out-of-home slipped 4%; and radio lost 6%.
Based on proven inkjet technology, the Océ VarioPrint i300 fills the speed and capacity gap that exists between conventional high-end toner-based, sheetfed and entry-level continuous-feed inkjet presses. By doing so, Canon helps print service providers find the right print solution for their needs and helps to address new market opportunities, applications while transforming business models. “As a worldwide leader in inkjet, Canon is leading the change and filling a need where no current products exist today,” said Junichi Yoshitake, senior vice president and general manager, Business Imaging Solutions Group, Canon U.S.A. “Our customers are looking for increased automation, end-to-end productivity, lower total cost of ownership, and equipment that will help them take on new profitable business opportunities.”