At the first day of the Universal Postal Union’s extraordinary congress in Geneva Tuesday, the body voted 78-57 with 9 abstentions against a U.S. proposal to allow creation of self-declared postal rates, an effort to end the current inequitable terminal dues system, the Associated Press reported. The body will vote today on another measure that would set up a phased approach to creating self-declared rates. Should that fail to pass, the U.S. has said it would withdraw from the UPU as of Oct. 17, setting up a chaotic situation of negotiating bilateral agreements and uncertainty in international postal service. UPU Secretary General Bishar Hussein of Kenya said he remained “very optimistic” of striking a deal, adding he didn’t believe the U.S. would leave the international body despite its stated intentions.
ND Paper employees and contractors in have raised $10,000 via donations to benefit victims of a Sept. 16 gas explosion at the LEAP facility in Farmington, Maine, about 30 miles southwest of our Rumford mill. And thanks to CEO Ken Liu, ND Paper will match that $10,000 to make an even greater impact in the lives of those affected by the explosion. Thus, a total of $20,000 will be allocated to the Farmington Firemen’s Benevolent Association, the Farmington Disaster Relief Fund and LEAP’s online GoFundMe account. The explosion in the small community of Farmington killed a firefighter and injured several others at a newly-renovated building that houses LEAP, short for Life Enrichment Advancing People. LEAP is an organization that supports people with developmental, cognitive and intellectual disabilities. Firefighters were at the site checking into reports of a gas smell in the area when the building exploded.
Novolex™ announced the introduction of EcoCraft® Fresh & Crispy™ clamshell containers, a new line of clamshell containers that keep fried foods warm and crunchy thanks to their innovative design. The new containers offer a unique system for high-performance ventilation to keep fried foods crunchy and warm. They are constructed with Eco-Flute® micro-flute corrugation for superior rigidity and crush strength to maintain food integrity during transport and delivery. “EcoCraft Fresh & Crispy containers solve a problem that has long troubled restaurants and caterers: how to keep fried foods warm and crispy until they’re delivered,” said Adrianne Tipton, Senior Vice President of Innovation at Novolex. “These containers even keep french fries crispy, warm and tasty. That’s a real innovation in food delivery.”
Net sales for the second quarter of fiscal 2020 decreased 14.3% to $304.6 million, compared to $355.3 million for the second quarter of fiscal 2019. Company comparable sales decreased 12.6% compared to the year ago period. Gross profit for the second quarter of fiscal 2020 totaled $50.8 million, or 16.7% of net sales, compared to $93.5 million, or 26.3% of net sales, for the second quarter of fiscal 2019. Operating loss for the second quarter of fiscal 2020 was $93.1 million compared to operating loss of $62.5 million for the prior year period. Net loss for the second quarter of fiscal 2020 totaled $100.6 million which includes transformation costs of approximately $7 million, primarily related to professional fees, and a non-cash charge of $4.3 million related to store impairment.
Reischling Press, Inc. a provider of make-on-demand photo books, greeting cards, and business products markets for e-commerce companies, mass retailers, and Fortune 1000 corporations, announced it has acquired the assets of SoftPrint Holdings’ ColorCentric, Picaboo.com, and prInternet business units. The acquisition accelerates RPI’s ability to deliver expanded services for product builders, increases capacity and reduces delivery times for RPI’s customer base, and continues to expand our geographic distribution footprint, says Rick Bellamy, CEO of RPI. “This acquisition continues to increase the RPI suite of services beyond ink on paper, through the addition of in-house capabilities for gifting and promotional items such as mugs, canvas and dye sublimation products,” Bellamy says. “It also strengthens our geographic presence into the Northeast, creating transit cost efficiencies and accelerating time-to-home and time-to-business deliveries dramatically.
REI Co-op will open its first store in Alabama in Birmingham on October 4. Located at The Summit, REI’s new, 20,000-square-foot store will bring quality outdoor gear, experiences and expertise to the state's largest city. REI Birmingham will also offer personal outfitting services that allow customers to connect with REI experts to get the gear they need for their next adventure. “We are thrilled to connect our Alabama members to the outdoors in a community as incredible as Birmingham,” says Lilah Williams, REI Birmingham store manager. “Whether it’s hiking, camping or mountain biking, we’ll offer the best gear for the activities our members already love, and expertise for those who want to try something new.” In addition to outdoor gear, REI Birmingham will also offer a range of programs to connect people to a life outdoors. A national leader in outdoor experiences and education, last year, the co-op helped more than 375,000 people across the country get outside and be inspired to lead an active lifestyle through a wide range of classes, tours and events.
Revenues from continuing operations for the quarter were $5.37 billion compared to revenues from continuing operations of $5.42 billion in the prior year's quarter. Revenues in the Pharmacy Services Segment were $1.58 billion, an increase of 1.1 percent compared to the prior year period, which was due to an increase in Medicare Part D revenue. Retail Pharmacy Segment same store sales from continuing operations for the second quarter increased 0.4 percent over the prior year period, consisting of a 1.5 percent increase in pharmacy sales and a 1.8 percent decrease in front-end sales. Net loss from continuing operations was $78.7 million compared to last year's second quarter net loss from continuing operations of $352.3 million. The decrease in net loss was due primarily to $282.6 million of goodwill and intangible asset impairment charges, net of tax, in the prior year period and a reduction in lease termination and impairment charges.
UPM Raflatac’s Biofore Site™ concept engages factory employees and fosters a culture of sustainability in line with UPM’s 2030 responsibility targets. For many years, UPM Raflatac factories have operated ISO 14001-compliant, third-party certified environmental management systems to ensure continual environmental performance improvement. The Biofore Site™ concept expands on this foundation by including economic and social aspects. Since the 2017 pilot, each factory has created a unique path to improve its scorecard performance. A multi-parameter Biofore Site scorecard based on UN Sustainable Development Goals is used to monitor each factory’s progress.
Digital print is a powerful tool for audience engagement. As consumers are bombarded by new brand messages with every tap of their smartphones, personalized printed materials present an increasingly rare opportunity to cut through the noise. “Companies can now take advantage of digital printing capabilities to deliver truly 1:1 personalized marketing that was once only attainable through digital marketing efforts,” says Tim Curtis, president and COO of CohereOne, a data-driven direct marketing agency. “The targeted 1:1 message is coupled with the higher response rates and conversion metrics of print. Win-win!” In the following Q&A, Curtis explains why the “Digital Printing for Professionals” course is an important investment for today’s marketers. He also discusses how data technology is transforming direct mail, a topic he will cover in depth during his session about “Big Data and the Emergent Era of Print” on Day 2 of the program.
Stora Enso’s Board of Directors has appointed Annica Bresky, 44, as the new President and CEO of the company as of 1 December 2019. Until then, Stora Enso’s current CEO Karl-Henrik Sundström continues in his position. Bresky is currently Head of Stora Enso’s Consumer Board division. “We are very happy to welcome Annica Bresky into her new position. Annica brings extensive experience of our industry and has a solid business background. We consider her the most suitable person to continue developing Stora Enso’s strategy and businesses. She has a proven track record of driving growth and operational excellence and has a strong focus on customers and innovations. She is well equipped to lead the transformation of our sustainable renewable materials company,” says Stora Enso’s Chair of the Board of Directors, Jorma Eloranta.