Mathrani said in-store returns is one of the reasons shoppers need to go to bricks-and-mortar stores, and cited Amazon as one of four pure players who are looking to make that omnichannel jump. “And just case in point, you go to Amazon opening bricks and mortar book stores and their goal is to open as I understand 300 to 400 book stores, and it should sit back and say that the last mile is all important, which is why Bonobos is opening bricks and mortar store and Warby Parker is opening bricks and mortar stores and Birchbox is cutting their overhead to open bricks and mortar stores,” Mathrani said. General Growth Properties focuses on exclusively on owning, managing, leasing, and redeveloping high quality retail properties throughout the United States.
Mohawk is now an official converter and distributor of Domtar Cougar®, Lynx® Opaque Ultra and EarthChoice® Colors envelopes. “In an ongoing effort to provide the highest level of service and supply chain options for our merchant partners, Domtar is pleased to announce that Mohawk Envelope is now a full line converter servicing all Domtar branded envelopes,” said Vanecia Carr, Director of Marketing, Printing and Publishing, Domtar. “With the addition of these well-known Domtar branded envelope lines, we now proudly offer the broadest collection of envelopes available in the market. Mohawk provides one-stop shopping convenience, fast delivery and superior envelope converting quality,” said Bob Scammell, Senior Vice President, Strategy and Business Operations, Mohawk.
The Atlantic was named Magazine of the Year in the 2016 National Magazine Awards for Print and Digital Media. The Ellie Awards are given by the American Society of Magazine Editors (ASME) and were presented Monday night at the Grand Hyatt New York. The Atlantic was praised for “advancing the national debate on issues of critical importance.” Gayle Goodson Butler, editor in chief of Better Homes and Gardens, was given the Magazine Editors’ Hall of Fame Award. New York was the only publication to receive more than one award. The title won Ellies for General Excellence, Magazine Section, Website and Multimedia. It was the 11th year in a row that New York was awarded at least one Ellie.
“As a company, we have to constantly develop to be able to offer more and better services to our customers and to find new and additional customers as the printing paper market shrinks. We also need to be ready to meet the demand of how our customers want to buy from us in the future,” Karolina Svensson continues. “Since the local presence is important for our customers as well as for us, the new organisational setup will still offer a dedicated team with a local contact for each customer. This also means that all of our European sales offices will remain where they are,“ Karolina Svensson concludes. To fulfil the strategy, the management team of the new organisation consist of: Karolina Svensson – Head of Sales and Marketing Ali Khalili – Account Management (Sales) Vacant – Paper Solutions (Sales) Tonny Croezen – Customer Care Anders Gyllenhammar – Strategic Pricing, Credit Control and Negotiations Tommy Wiksand – Business Development Jenny Johansson – Sales & Market Intelligence Andreas Moback – Operations & Logistics
Flint Group scientists have just launched new and enhanced Varn® Newsline fountain solutions based on newly developed proprietary technology. New to the line-up is Varn Newsline 550 fountain solution. It provides superb cleaning and protection of the non-image areas of the plates and blankets. Hour after hour, even under the lowest-possible water settings, Newsline 550 keeps the press running clean and yields significantly better print quality compared to other coldset founts.
Oil rose on Wednesday, paring earlier losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that the world's largest producers could act to boost prices. Brent for April delivery LCOc1 was up 57 cents at $33.29 a barrel by 1141 GMT, pulling away from a session low of $32.30. U.S. crude futures rose 54 cents to $30.42, off a session low of $29.40.
Since 2009, Best Buy has voluntarily operated the most comprehensive e-waste recycling service in the United States. We remain an industry leader and the only national retailer to provide this service. We are fully committed to being a convenient local resource for people to safely dispose of their consumer electronics and appliances. From time to time, though, we will make changes to ensure the service itself is sustainable, including charging fees to recycle certain products for which recycling costs have risen sharply. And we will continue to work closely with the consumer electronics industry to develop more and better recycling options. Our goal has always been to simply break even on our recycling program, and we’re not there today. The new fees will help cover the increasing cost of managing TV and monitor disposal through our network of stores, distribution centers and recycling partners. E-waste volume is rising, commodity prices are falling and global outlets for recycled glass, a key component of TVs and monitors, have dramatically declined. More and more cities and counties have cut their recycling programs for budget reasons, limiting consumer options even further. While providing recycling solutions for our customers is a priority, Best Buy should not be the sole e-cycling provider in any given area, nor should we assume the entire cost.
Result for 2015 • Sales were EUR 5,016 million (1–12/2014: EUR 4,970 million). • Operating result excluding non-recurring items was EUR 537 million (418). Operating result including non-recurring items was EUR 542 million (417). • Result before taxes excluding non-recurring items was EUR 466 million (339). Result before taxes including non-recurring items was EUR 468 million (330). • Return on capital employed excluding non-recurring items was 13.6 per cent (11.4).
January–December 2015 (1–12/2014) • Sales amounted to EUR 2,007.5 million (2,008.4). • Operating result excluding non-recurring items was EUR 179.9 million (136.5), or 9.0 per cent of sales. Operating result including non-recurring items was EUR 199.0 million (116.5). • Result before taxes excluding non-recurring items was EUR 150.2 million (99.7). Result before taxes including non-recurring items was EUR 167.1 million (77.6). • Earnings per share excluding non-recurring items were EUR 0.34 (0.26), and earnings per share including non-recurring items were EUR 0.39 (0.20).
4Q15 Reported EPS of $0.61 Adjusted EPS (non-GAAP) of $0.85 4Q15 Net sales declined approx. 9 percent to $1.45 billion, reflecting currency translation and extra week in the prior period Net sales increased approx. 7 percent on organic basis FY15 Reported EPS of $2.95 Adjusted EPS (non-GAAP) of $3.44 FY15 Net sales declined approx. 6 percent to $5.97 billion Net sales up approx. 5 percent on organic basis Repurchased 3.9 million shares for $232 million and paid $133 million in dividends in FY15 Expect FY16 Reported EPS of $3.15 to $3.35 Adjusted EPS (non-GAAP) of $3.65 to $3.85
Full-year 2015 Operating Earnings were $1.5 billion ($3.65 per share) compared with $1.3 billion ($3.00 per share) in 2014. Operating Earnings in the fourth quarter of 2015 totaled $361 million ($0.87 per share) compared with $227 million ($0.53 per share) in the fourth quarter of 2014. Annual net sales totaled $22.4 billion in 2015 compared with $23.6 billion in 2014. Quarterly net sales were $5.4 billion in the fourth quarter of 2015 compared with $5.9 billion in the fourth quarter of 2014. Revenues continue to be negatively impacted by foreign exchange translation. Full-year 2015 business segment operating profits were $2.7 billion compared with $2.8 billion in 2014. Business segment operating profits in the fourth quarter of 2015 were $623 million, compared with $694 million in the fourth quarter of 2014.
Generates Highest-Ever 4Q EPS of $1.57, up 26% ◦4Q Double-Digit Operating Profit Growth and Expanded Operating Margins in all Three Segments ◦4Q Revenue Dampened by Changes in Fuel and Currency ◦2015 EPS up 14%, Reaches All-Time High of $5.43 ◦Record International Operating Profit of $2.2 Billion in 2015, Led by the Europe Region ◦Announces Full-Year 2016 EPS Guidance of $5.70 to $5.90
As of February 8, 2016, Tembec will suspend operations at its Senneterre sawmill for an indefinite period due to the persistent weakness in the North American softwood lumber market and the high cost of wood supply in the Abitibi-Témiscamingue region. This represents 148 direct jobs at Tembec. "The suspension of operations is related to the current low-selling prices of stud lumber, combined with the high cost of wood supply. While this is difficult for our employees, contractors and the communities affected, this decision is necessary to minimize losses," said James Lopez, Tembec's President and Chief Executive Officer. "We continue to carefully assess the evolution of market conditions and to work with the Government of Québec to find solutions to the high cost of fiber."
“By joining the PEFC alliance we have the opportunity to share our experience as an advocate for sustainable forestry, while benefiting from the insights shared by other members,” said Lucita Jasmin, APRIL Group Director for External Affairs. “As an industry based in the global South, there is much to contribute from our journey, particularly on the aspect of integrating social development and poverty alleviation in our sustainability approach. We are also eager to participate in conversations that help advance the standards and best practices of sustainable forestry.” APRIL Group achieved PEFC Sustainable Forest Management certification for its first forest area in June earlier this year. The company now has more than 60 percent of its concession in Indonesia PEFC-certified, adding to the existing PEFC Chain of Custody certification awarded to its manufacturing operations.
Kemira has been awarded a start-up contract in the "Flying Eagle" project of Kotkamills' mill in Kotka, Finland, which involves the grade conversion of PM2 (printing paper machine) to produce recyclable folding boxboard and barrier board grades. Kemira will supply the start-up with sizing, retention and drainage, board hygiene, and microbe control technologies. Start-up of the rebuilt machine is scheduled for June 2016 and the production capacity will be 400,000 tons per year.
There is a major change of direction for health and wellness title Prevention, which is ditching advertising in its print edition concurrently with a re-launch and new editorial approach, per publisher Rodale, which announced the news Monday. Prevention’s new business model, relying heavily on subscription revenue, represents a gamble that consumers will pay more for authoritative health-related content whose integrity is guaranteed — in part, by the absence of paid advertising or other commercial considerations. The ad-free format will also limit the amount of clutter and allow the title to highlight important messages with greater emphasis.
Today’s announcement of the Great Bear Rainforest Land Use Order by the Government of BC and First Nations is being applauded by five BC forest product companies as a unique solution for a globally significant area. BC Timber Sales, Catalyst Paper Corp., Howe Sound Pulp & Paper Corp., Interfor Corp., and Western Forest Products Inc. formed the Coast Forest Conservation Initiative (CFCI) in 2000. For 15 years, CFCI worked with ForestEthics Solutions, Greenpeace and Sierra Club to deliver joint recommendations to the Province and First Nations. “It is collaboration not conflict that ultimately drove the solutions in the Great Bear Rainforest,” said Rick Jeffery, representing CFCI. “This agreement will deliver certainty for coastal forests, local communities and jobs for years to come.”
Flint Group, as part of its strategy to grow in strategic market segments, has today announced the acquisition of Advanced Color Systems, Inc. (ACS) located in Tualatin, Oregon, USA. Advanced Color Systems manufactures and distributes water-based inks in North America and also exports to some countries outside of North America. With this acquisition, Flint Group strengthens its position and support to the Paper & Board markets in North America. “Flint Group is very pleased with this new partnership and the opportunities it presents to expand in the North American Paper & Board packaging market,” said Antoine Fady, CEO, Flint Group. He continued, “Tim Becker, Reed Fowler, and the team at Advanced Color Systems have built a customer focused and responsive organisation with teams dedicated to its clients’ success. This culture of teamwork and customer satisfaction fits perfectly with Flint Group’s own strategy and vision.”
As a result of the strong fourth quarter sales performance, the Company has revised its earnings guidance for fiscal 2015. Sales for fiscal 2015 are expected to be approximately $442.0 million to $442.5 million, an increase from the Company's previous guidance range of $438.0 to $440.0 million. EBITDA for fiscal 2015 is expected to be approximately $22.5 million to $23.5 million, an increase from previous guidance of $21.0 to $22.0 million. The Company expects its net loss to be between $(0.17) and $(0.20) per diluted share, compared with previous guidance of $(0.20) to $(0.23) per diluted share.
Brent for April settlement dropped as much as $1.45, or 4.2 percent, to $32.79 a barrel on the London-based ICE Futures Europe exchange. The contract lost $1.75 to $34.24 on Monday. The European benchmark crude was at a premium of 82 cents to WTI for April. U.S. crude stockpiles expanded for a third week through Jan. 22 to 494.9 million barrels, the highest level in weekly data compiled since August 1982, according to the EIA. Output dropped by 14,000 barrels a day to 9.22 million a day during the same period.
On 1 February, Södra will launch a new package of forestry services. The new services will facilitate forest ownership and present opportunities to improve the profitability of members' forest estates. The new package includes a financial advisory service and improved digital services. The new package will be launched on 1 February and includes an advisory service to facilitate ownership transfers, as well as cash flow analysis and property valuation services. The forest estate agreement is a new service for forest owners who seek secure, profitable and professional management for their entire estate. "This is a comprehensive package of services, designed to meet the needs of Södra's members. The requirements of forest owners - as well as technological solutions - change over time, and these new services represent a major step forward toward a new and improved member offering. The aim is to make active and profitable forestry easier," says Håkan Larsson, President of the Södra Skog business area.
Full year 2015 compared with 2014 · Earnings per share excluding special items were EUR 1.75 (1.17) and reported EUR 1.72 (0.96) · Operating profit excluding special items was EUR 1,163 million, 11.5% of sales (847 million, 8.6% of sales) · In 2015, UPM completed several growth projects: the speciality paper machine at UPM Changshu mill, expansion of the UPM Kymi pulp mill, Lappeenranta advanced biofuel refinery and UPM Raflatac expansions in Poland and APAC. New expansion projects began at the Kaukas pulp mill and Otepää plywood mill · UPM closed 800,000 tonnes of graphic paper production capacity in Europe in H1 2015
Bauer Media, Pacific Magazines and NewsLifeMedia unite to launch a campaign to promote the magazine medium and drive newsagency sales. The campaign, from The Magazine Publishers of Australia (MPA), is the first of its kind and will see three national newsagent promotions launch over a period of three months to drive newsagency sales for the most popular categories: weeklies, home and food. “This industry first campaign is an invaluable opportunity for newsagents to position themselves as the magazine outlet of choice for customers, and is part of our ongoing commitment to strengthening the competitiveness of this channel,” says MPA executive chairman, Mary Ann Azer.
The demand for envelopes looks bright, according to Scammell. “The markets are returning,” he said. Analysts are seeing some movement away from email and other electronic communications and back to actual physical mail that ends up in a targeted customer’s hands. “To some degree this whole advertising space has come full circle,” said Scammell. “The studies out there show a higher response rate, a higher return rate, and higher impact with a promotional piece of mail that people read that way as opposed to on a smartphone or computer screen.” This is a reversal of an almost decade-long trend, according to Scammell. Especially good for Mohawk is that these mailings often use specialized envelopes designed to attract attention. That includes custom-printed information such as return addresses as well as varying shapes and sizes and different positioning of windows.
Acting Chairman Taub pointed out a number of issues that have impeded the Postal Service’s efforts to stabilize its financial position. “The fundamental problem is that the Postal Service cannot currently generate sufficient funds to cover its mandated expenses and also invest in critically deferred capital needs,” he said. However, he also underscored that “there is still strength in the system,” and detailed the critical role that the 240-year-old Postal Service provides to the Nation. Some of the key points of the Commission’s testimony included: •Losses since 2007 have negatively impacted liquidity, and as a result impede the Postal Service’s ability to make critical capital investments in infrastructure •The Postal Service’s inability to make required payments to the retiree health benefit fund has skewed its liabilities in relation to its assets •The historic decline in total mail volume •The increase in revenue from Competitive products is insufficient to offset the future revenue loss from removal of a temporary surcharge
For the last few years, president and editor Dan Brogan and his team at 5280 magazine focused on building their social media following on Facebook, Twitter, and more recently, Instagram. Those efforts literally paid off last year after the Denver-based publishing company decided to produce and sell its first book. When 5280 The Cookbook went on sale in October 2014, the magazine had 95,000 Twitter followers and 45,000 Facebook fans. This large audience gave Brogan a strong social reach to incorporate into a multi-platform campaign that also included web banners, email marketing, and print ads in their magazines. The campaigns pushed people in two directions, either to the magazine’s online store to order the cookbook (where the margins are much higher) or to local retail outlets that sold it. Likewise, social media pushed consumers toward both sales channels.
Consumer magazines saw their total social media audience increase by over a third last year, adding around 220 million new likes and followers across major platforms including Facebook, Twitter, Instagram, Google+ and Pinterest, according to data provided by SocialFlow and cited by the MPA – The Association of Magazine Media. That’s a 38% increase over the beginning of the year. The fastest-growing social platform was Instagram, with a 189% increase in magazines’ followings over the course of the year. Separate data from Shareablee showed that consumer magazines also generate more social-media activity than any other medium. Last year, mags produced 9.5 billion total social actions, compared to TV, with 7.5 billion, and online-only media with 6.6 billion.
Global learning company Houghton Mifflin Harcourt (HMH) is marking an important milestone for New York Times Best Seller A Long Walk to Water by Linda Sue Park – over one million copies sold. The book, which has been on the best seller list for more than a year, is based on the life of Salva Dut, one of the “Lost Boys” of Sudan, and brings authentic images of conflict, environmental challenges, and survival into focus for young readers. To celebrate the book’s impact, HMH will make a $15,000 donation to Salva Dut’s nonprofit organization, Water for South Sudan (WFSS), which will fund the drilling and installation of a new well in South Sudan. This source will provide fresh, accessible water to thousands of South Sudanese and allow hundreds of children (especially girls) to attend school regularly, rather than spending their days walking to and from the nearest well.
Chinese companies booked tankers to collect more West African crude in February than in any single month since at least 2011, data from the physical shipping market collated by Bloomberg show. It also increased its purchases of oil from producers in the North Sea and Russia. The voyages are all thousands of miles farther than the Middle East, which supplies most to the Asian country. “This surge in Chinese demand for crude goes against recent macroeconomic news coming out of the country but is very much in line with their past behaviour in low flat price environments,” Olivier Jakob, managing director of Petromatrix GmbH, said by phone. “Whenever there has been a strong retracement in prices China has loaded up their reserves.”
Quad/Graphics will be closing its 455,000-square-foot newspaper insert printing facility here by the end of February, the Philadelphia Inquirer reported. The move is expected to leave about 150 workers without jobs. According to Quad/Graphics Spokesperson Nicole Mosca, the decision to close was motivated in part by ongoing challenges in the economy that have negatively impacted retail advertising insert volumes and overall capacity in the printing industry.