Pushing the boundaries in sports and print: Sappi’s Algro Design® Card forms basis for new 2018 photo calendar. “Move X-treme. Discover your possibilities” – This is the umbrella theme under which ACTEGA Terra, Koenig & Bauer and Sappi have continued their successful joint calendar project over the last few years. The new 2018 calendar, hot off the press, depicts athletes who push themselves to their limits, whether in speed skating, white water kayaking or motocross. Steely resolve and perfect preparation can lead to outstanding sporting success. The rewards: strong emotions, a great deal of public interest and the satisfaction of having accomplished something extraordinary. These are reactions similar to those experienced by three companies from the worlds of speciality papers, quality printing and overprint varnishes for high-quality finishing as they produce their annual calendar. Click Read More below for additional information.
Time Inc. announced the sale of SUNSET to Regent L.P., a Los Angeles–based private equity firm led by investor Michael Reinstein. Based in Oakland, California, SUNSET is the defining lifestyle brand of the modern American West, with coverage that includes travel, food, wine, home and garden across its monthly print publication, digital and social platforms, books, events and experiences. The storied brand, which was founded in 1898, has been a forum for literary giants like Jack London, Dashiell Hammett and Sinclair Lewis, a showcase for transformational architecture and design, and a launching pad for the modern environmental movement through its early affiliation with conservationist and Sierra Club founder John Muir. “As a native Californian, I am honored to take the mantle as the fourth owner of this iconic and beloved institution. For almost 120 years SUNSET has been the definitive, pioneering voice of the promise, hope, values and innovative spirit of the West,” said Michael Reinstein, Chairman, Regent L.P. “We are excited to partner with SUNSET’s talented Editor-in-Chief Irene Edwards and her accomplished team to ensure that SUNSET continues to thrive for generations to come.” Click Read More below for additional information.
For the Third Quarter: • Net sales increased 18.6% to $1,342.2 million from $1,131.2 million in the third quarter of fiscal 2016. The Company estimates that Hurricanes Harvey and Irma resulted in approximately $14 million in lost sales; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 10.3% compared to an increase of 16.7% in the third quarter of fiscal 2016. The 10.3% comparable sales increase was driven by 6.0% transaction growth and 4.3% growth in average ticket. The Company estimates that Hurricanes Harvey and Irma resulted in approximately 100 basis points of negative impact to comparable stores sales in the third quarter of fiscal 2017; • Retail comparable sales increased 6.6%, including salon comparable sales growth of 3.8%; • Salon sales increased 10.8% to $66.9 million from $60.4 million in the third quarter of fiscal 2016; Click Read More below for additional information.