• Net sales increased 19.4% to $877.0 million from $734.2 million in the second quarter of fiscal 2014; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.1% compared to an increase of 9.6% in the second quarter of fiscal 2014. The 10.1% comparable sales increase was driven by 7.0% growth in transactions and 3.1% growth in average ticket; • Retail comparable sales increased 8.9%, including salon comparable sales growth of 10.1%; • Salon sales increased 19.7% to $51.6 million from $43.1 million in the second quarter of fiscal 2014; • E-commerce sales grew 43.4% to $36.1 million from $25.2 million in the second quarter of fiscal 2014, representing 120 basis points of the total company comparable sales increase of 10.1%; • Gross profit decreased 40 basis points to 34.9% from 35.3% in the second quarter of fiscal 2014 primarily due to supply chain initiatives including the new Greenwood, Indiana distribution center;
The American Forest Foundation (AFF) today announced a new initiative to ensure family-owned forests in the southern United States can continue to meet the growing and changing global market needs for sustainable wood supplies, while protecting and enhancing wildlife habitat and other forest benefits, now and for future generations. This announcement comes on the heels of a new report from AFF - Vanishing Pieces of the Puzzle - that highlights the most significant resources, or benefits, Americans receive from family-owned forests – with wood for products being a top benefit, along with clean air and water, wildlife habitat and species biodiversity, space for recreation and rural jobs. The report also revealed regional priorities, with wood and wildlife habitat emerging as top in the South. Through this new initiative, AFF will assess how these forest benefits vary across woodbaskets in the south and how sustainable land management can play a role in protecting and enhancing them. Overall, the forest products industry in the South produces 57 percent of the total U.S. timber harvested by volume. This industry supports more than 439,000 jobs, as well as indirect employment, totaling 1.1 million jobs. The economic engine behind this industry is driven largely by private forests, where in the South, 58 percent are owned by families and individuals. In recent years, some southern forests and forest owners have seen an increase in demand for wood pellets and other products, for both domestic and European markets. Through this assessment, AFF will gain insight into how these demands are impacting the South's family forests and identify potential strategies to help family woodland owners continue to sustain these forests and their benefits. Not coincidentally, southern forests also rank at the top of all forests in biodiversity when measured by wildlife and plant species, with 12 southern states ranking in the top 20 in the U.S. in number of species. According to an April 2015 report issued by the National Academy of Science, three of the top five priority locations for conservation fall within this southern region. “AFF has a long history, almost 75 years, of successfully working with family forest landowners through the American Tree Farm System (ATFS) and other AFF programs, to ensure forests provide for all Americans,” said Rita Hite, Executive Vice President of Woodlands at AFF. “The Southern Initiative is just one of the ways we are looking into how we can evolve and strengthen our programs to ensure family-owned forests meet our needs today and in the future. We hope that our partners in the forest community and the forest products supply chain, from manufacturers to consumers, see the potential for a greater impact on the ground with this regionalized approach and work with us to bring our initiative to fruition.” The initiative, which is launching in the lead up to the 75th anniversary of ATFS, will be conducted in two phases. Phase one focuses on building an understanding of the priority wildlife habitat areas and wood supply needs by conducting an assessment of existing data and gathering input from forest industry partners, ATFS State Committees, forest landowners, state agencies, conservation partners, and brand companies. Initial input from these AFF partners suggest that one of the largest barriers to sustainable supply for forest products companies is family forest landowners who are not engaged in active land management. Further analysis on landowner attitudes, interests and barriers to sustainable forest management will also be conducted throughout the assessment. http://www.twosidesna.org/US/American-Forest-Foundation-Announces-New-Initiative-Across-13-Southern-States-Regarding-Sustainably-Managed-Wood
Canadian Oil Sands Ltd. , the largest owner of the giant Syncrude oil-sands project, said on Sunday that it has halted production after a fire damaged equipment at its synthetic crude oil processing facility in northern Alberta. The company said the fire, which occurred early Saturday and was extinguished without any injuries, affected pipes connected to a water treatment unit at Syncrude’s heavy oil upgrader on the site of its Mildred Lake oil-sands surface mine. The cause of the blaze is under investigation, it said.
First-half Group revenues from continuing operations grew by 2.5 percent year-on-year, from €7.8 billion to €8.0 billion, their highest level since 2007. The trade book publisher Penguin Random House achieved strong revenue growth, driven by numerous bestsellers as well as positive currency effects. The successful performance of Mediengruppe RTL Deutschland, RTL Group’s digital businesses and Arvato’s financial services also contributed to the increase in revenues, while the continued expansion of BMG and the development of the education business also had a positive effect. In this way, the Group more than compensated for a revenue decrease of nearly €300 million attributable to the withdrawal from structurally declining businesses. Operating EBITDA once again exceeded the high level of the previous year, reaching almost €1.1 billion, a new record high (H1 2014: €1.0 billion). In particular, the book-publishing business in the U.S., the German TV business, several service businesses, BMG, and the online education provider Relias Learning recorded improved results. On the other hand, there were startup losses for new businesses.
Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) today announced that they have certified substantial compliance with the Request for Additional Information (the "Second Request") from the United States Federal Trade Commission ("FTC") regarding the proposed merger between Staples and Office Depot. Additionally, Staples and Office Depot have entered into a timing agreement with the FTC pursuant to which Staples and Office Depot have agreed not to close the proposed merger until at least forty-five full calendar days after each company has certified substantial compliance with the Second Request.
Stora Enso has signed an agreement to divest its offset printed micro-flute packaging plant in Komárom, Hungary to Van Genechten Packaging International S.A., a leading Belgian packaging company. The initial cash consideration for the divestment of the shares is approximately EUR 12 million, subject to customary closing day adjustments. The transaction has no material income statement impact and is expected to be completed within one month. “There have been major changes in the Komárom plant’s customer base, making the plant no longer strategic to Stora Enso. I believe that a new, solid, international owner can give the company the attention it deserves and develop it further in the new situation,” says Gilles van Nieuwenhuyzen, Head of Packaging Solutions division.
SCA is a global hygiene and forest products company with about 85% of its sales derived from its hygiene operations. To further intensify the focus on the Group’s two operations, SCA has decided initiate a dividing of the Group into two divisions: a Hygiene division and a Forest Products division. In relation to the Forest Products division, all forest industry and forest land currently owned by SCA will be merged into one division. A decision has also been made to invest in increased capacity for pulp production in the forest products operation. “SCA is a global hygiene and forest products company in which we work continuously to enhance the respective operations. The enhancement of the organization and the investment in increased pulp production will secure the long-term competitiveness of the businesses,” says Magnus Groth, President and CEO of SCA.
Spectrum Resources, a supplier of print and marketing communication services, is pleased to announce its move from New Berlin, Wisconsin to a new, larger headquarters in Muskego, Wisconsin. The new corporate address is: W160 S6369 Commerce Drive, Muskego, WI 53150. All other corporate information such as phone numbers and Website remain the same. Spectrum, a printing solutions provider that also offers fulfillment, warehouse and distribution services, has built a 60,000-square-foot multi-tenant industrial building on Moorland Commerce Center West, which is located Southwest of College Avenue and Moorland Road, north of GE Healthcare distribution center in Muskego. The building occupies a 4.65 acre site. Spectrum Resources will initially occupy 29,000-square-feet of space in the building.
More than 75% of consumers say that environmentally sound packaging has an influence on the beverage brand they buy, according to Tetrapak’s Environment Research 2015 . The global survey of some 6,000 consumers across 12 different countries revealed a growing appetite among consumers for products that tick the right environmental boxes. When asked about recent purchasing habits, two-thirds said they have bought environmental products, even when they cost more, while around the same proportion have avoided specific brands or items due to environmental concerns.
PaperWorks Industries said that it will make a strategic investment of more than $11 million CAD ($9 million USD) over the next year to expand the capabilities of its Boehmer Box folding carton manufacturing facility in Kitchener, Ontario, Canada. The plant was one of the facilities acquired from CanAmPac in July. The investment in Boehmer will include new sheet-fed lithographic printing presses and related carton-making equipment. The facility manufactures folding cartons for a variety of products including dry and frozen food, beverage, pharmaceutical, household goods, personal care and institutional foodservice.