Over the past year Superior Lithographics, a Los Angeles-based large format printing specialist of litho sheets and top sheets for the corrugated box industry as well as printing and converting folding cartons, has seen impressive improvements in many vital areas including product quality and data on product consistency stemming from state-of-the-art color and quality measuring systems outfitted on its new Koenig & Bauer Rapida 145 seven-color 57-inch press. “Since our new Koenig & Bauer Rapida 145 57-inch seven color press was installed last summer, we’ve seen incredible improvements within our facility,” says Jeff Ku, Vice President of Operations for Superior. “Our data has shown a 32% increase in overall sheet throughput. We’ve also seen an impressive 25% decrease in make-ready time. All this has resulted in our company experiencing an overall growth in business.”
Capacity issues at the two largest printing companies are among the factors creating havoc for authors and publishers. This spring, when the pandemic forced bookstores across the country to close and authors to cancel their tours, many editors and publishers made a gamble. They postponed the publication of dozens of titles, betting that things would be back to normal by the fall. Now, with September approaching, things are far from normal. Books that were bumped from spring and early summer are landing all at once, colliding with long-planned fall releases and making this one of the most crowded fall publishing seasons ever. And now publishers are confronting a new hurdle: how to print all those books. read more at: https://www-nytimes-com.cdn.ampproject.org/c/s/www.nytimes.com/2020/08/27/books/printing-companies-backlog-book-publishing.amp.html
With all but one category posting increases, unit sales of print books rose 8% in the week ended Aug. 22, 2020, over the comparable week in 2019 at outlets that report to NPD BookScan. Stephenie Meyer’s Midnight Sun, which sold nearly 59,000 copies in the week, continued to drive sales in the YA fiction segment, where print units rose 27.8% over the week ended Aug. 24, 2019. The YA nonfiction category had a 40.6% jump in sales, with Stamped by Jason Reynolds and Ibram X. Kendi remaining in first place in the category, selling more than 12,000 copies. Big Preschool Workbook stayed #1 in juvenile nonfiction, selling more than 34,000 copies and helping to drive up print unit sales up 36.3% over 2019.
The report outlines the company’s wide-ranging sustainability efforts, the use of recycled content key among them. In 2019, the company increased its use overall of post-consumer recycled (PCR) fiber and resin in its products. For its fiber-based products, the percentage of recycled fiber in the company’s supply chain was nearly half the total procured. When using post-consumer recycled (PCR) material was not possible, Novolex focused on procuring Chain of Custody (COC) certified prime fiber content traceable to the original source. When combined, 69% of fiber volume was either PCR or COC-certified content, an increase of 4% over 2018. Plastic resin used by Novolex consisted of 4% post-consumer recycled (PCR) content and 20% post-industrial resin in 2019, the same percentages as the prior year. While the reported 4% PCR is the same in 2018 and 2019, Novolex purchases of PCR material increased in total pounds. That was driven in part by the company’s two world-class polyethylene recycling centers, which specialize in recycling plastic consumer retail bags as well as films such as dry-cleaning bags, newspaper bags and other items labeled for “store drop off” recycling programs.
Water is one of the world’s most precious resources, and is inextricably linked to combating climate change. According to the UN, 2.2 billion people worldwide lack safe drinking water and the responsible use of water will help reduce floods, droughts, scarcity and pollution. As a leading manufacturer of packaging and paper, water is vital to our global operations and responsible water stewardship is central to how we do business. Since 2014 we have promoted a landscape approach to water stewardship, working together with farmers, local government, and industries, who all share a common interest in maintaining freshwater ecosystems and services.
We’re all trying to sell something to someone. We have a great product, a great service, or a can’t-miss promotion that we want people to know about. We’ve decided to reach them through direct mail. But what should we say? What do we show? How do we stand out from all the other messages in the mailbox? And how do we do it in a matter of seconds? A smart strategy, a great mailing list and a stellar offer don’t mean anything if your creative execution is weak. There are certain creative secrets that have been proven through neuroscience that will increase the likelihood of your direct mail piece getting noticed and driving your customers to action. Simply following these four powerful recommendations will increase your chances of success. Good creative matters. Find out the secrets of how to do it. Join Us September 14th, 10 AM Central. Sustain, Grow & Transform Direct Mail Hosted by American Express. Be our guest FREE: Use code GUEST20. Register at: https://www.ana.net/membersconference/register/id/MOC-SEP20E5
We’ve passed the six-month mark of living through a global pandemic. I’m not sure it’s an anniversary worth celebrating – it’s more of a ‘day-that-will-live-in-infamy’ type. In the retail world and working with consumer-facing brands, we’ve observed that many with a direct-to-consumer orientation have fared well. In contrast, the broader spectrum of the retail and consumer services sector has not. I’ll try to be as diplomatic as possible here – if there’s one thing Americans don’t like, it’s being told what to do. We tend to think of ourselves, our families, and our immediate communities – and probably in that order – as the best sources of information. State and federal guidelines tend to (at least initially) be met with resistance, especially when those guidelines affect one’s ability to earn a living, visit with family and loved ones, or eat a meal indoors at a restaurant. What the pandemic has revealed is simple: culture matters. Congregating limitations and business closure edicts, and the delay in loosening them, have put our culture on ice. Although, not entirely. read more at: https://cohereone.com/the-pandemic-matters-of-culture-and-why-direct-to-consumer-brands-are-thriving/
Verso Corporation introduced a new direct mail promotion, Vote for Verso Papers, to create awareness of its extensive 7 & 9 pt. sheetfed, digital, web and inkjet printing papers amongst those designing and printing direct mail for political campaigns. The promotion was printed on a sheetfed printing press on Verso's Anthem Plus® Gloss, 7 pt. cover. "Direct mail lets you reach the right voters with the right message," said Senior Vice President of Sales and Marketing Aaron Haas. "In fact, mail works well for campaigns looking to reach specific audiences on topics and issues that are just not possible with mass communication, while connecting them to online content that provides more information on a candidate's views."
For the quarter ended 30 June 2020, Lecta had revenue of €206.6 million versus €345.6 million in the quarter ended 30 June 2019, a decrease of €139.0 million or -40.2%. This decrease was essentially attributable to Covid-19 pandemic: • Lower sales of CWF, Specialties and Purchased Products of €-127.5 million or -39.7%, from €321.2 million in 2Q2019 to €193.7 million in 2Q2020, resulting from lower sales volumes of 124,200 metric tons or -39.8%, 187,700 metric tons in 2Q2020 vs 311,900 metric tons in 2Q2019, and a slight increase in average net sales price of +2.4€/t or +0.2%, 1,032€/t in 2Q2020 vs 1,030€/t in 2Q2019; and • Lower sales of energy of €-11.6 million or -47.2%, from €24.5 million in 2Q2019 to €12.9 million in 2Q2020, resulting from lower sales volumes of 105,400 MWh or -35.8%, 189,000 MWh in 2Q2020 vs 294,400 MWh in 2Q2019, and a decrease in average sales price of -15€/MWh or -18%, 68€/MWh in 2Q2020 vs 83€/MWh in 2Q2019. EBITDA decreased by €24.4 million, or -91.1%, from €26.8 million in 2Q2019 to €2.4 million in 2Q2020. This decrease was the result of lower sales of paper in volume, partly offset by higher margin on variable costs and lower fixed costs.
For the Second Quarter of Fiscal 2020 *Net sales decreased 26.3% to $1.2 billion compared to $1.7 billion in the second quarter of fiscal 2019 due to the impact of COVID-19. *Comparable sales (sales for stores open at least 14 months, including stores temporarily closed due to COVID-19, and e-commerce sales) decreased 26.7% compared to an increase of 6.2% in the second quarter of fiscal 2019. In the second quarter, transactions declined 36.2% and average ticket increased 14.9%. *Gross profit decreased to $329.0 million compared to $605.9 million in the second quarter of fiscal 2019. As a percentage of net sales, gross profit decreased to 26.8% compared to 36.4% in the second quarter of fiscal 2019, primarily due to deleverage of fixed costs due to lower sales, channel mix shifts, deleverage of salon expenses due to lower sales, and an increase in inventory reserves. These pressures were partially offset by lower promotional activity. *Operating income decreased to $12.8 million, or 1.1% of net sales, compared to $208.0 million, or 12.5% of net sales, in the second quarter of fiscal 2019. Adjusted operating income was $54.9 million, or 4.5% of net sales. *Net income was $8.1 million compared to $161.3 million in the second quarter of fiscal 2019. Adjusted net income was $41.5 million compared to adjusted net income of $159.0 million in the second quarter of fiscal 2019.
The opening session for the final day of the Virtual Inkjet Summit focused on direct mail, and what marketing will look like in a post-pandemic future. COVID-19 has reshaped how brands communicate with consumers in profound ways, and inkjet is, in many ways, perfectly positioned to be the technology that helps them reconnect in very personal, meaningful ways. Barb Pellow, manager, Pellow and Partners, sat down with Darrin Wilen, president of Wilen Direct, to discuss how the current climate has re-shaped business, and what that means for direct mail’s future, as well as the role inkjet will play. Pellow noted that one thing to keep in mind is that while some industries, such as travel, or membership mailings to local events or attractions, has dropped off dramatically over the past six months, the news isn’t all bad. In fact, some markets, such as health care, elder care services, personal care products, and educational products, among others, have actually see an increase in mailings.
Second Quarter Fiscal Year 2020 Results: Net sales were down 18% year-over-year, reflecting a 95% increase in online sales, offset by a 48% decline in store sales, which were impacted by partial closures during the quarter. During May, Gap Inc. began reopening stores previously closed as a result of the COVID-19 pandemic, with approximately 90% of its global fleet open as of August 1. Second quarter fiscal year 2020 comparable sales were up 13%, driven by the strength of Gap Inc.’s scaled e-commerce business, which added over 3.5 million new customers during the quarter. The comparable sales calculation reflects online sales and comparable sales days in stores that have reopened. Operating expenses were $1.1 billion, a decrease of $198 million versus last year, primarily due to a decrease in store payroll and benefits and other store expenses resulting from store closures during the quarter. As a percentage of net sales, operating expenses were 32.9%, an increase of 1.1 percentage points driven by lower net sales. Operating income was $73 million or 2.2% of net sales.
REI Co-op will open its new store in Pigeon Forge, Tennessee on September 4 for limited in-store shopping, offering a wide assortment of quality outdoor gear for hiking, camping, climbing and more. Designed to be a gateway to outdoor adventures in Great Smoky Mountains National Park, REI Pigeon Forge will feature the co-op’s newest retail format offering a variety of gear rentals, zero contact bike shop services for maintenance and repairs and Buy Online Pickup In Store capabilities. The new 21,500-square-foot store was originally scheduled to open in the spring but was delayed due to the coronavirus pandemic. REI Pigeon Forge marks the co-op’s fifth location in the state and will serve the co-op’s nearly 250,000 lifetime members in Tennessee and the millions of visitors that adventure in the region every year.
The Sustainable Packaging Coalition (SPC) can now add Inteplast Engineered Films (IEF) to its roster of members, which includes the likes of DuPont, Hello Fresh, Clorox, and Fitbit. IEF, a manufacturer of technologically advanced film for printers, converters, and various markets, is excited to join forces with SPC’s growing collective focused on this area of sustainable and eco-friendly innovation. IEF, already expanding its sustainable film portfolio, expects to take advantage of forging partnerships within this valuable network of progressive brands such as Amazon, FedEx, and many more.
Sonoco ThermoSafe and ACL Airshop announced a global agreement for the handling and repair of Sonoco ThermoSafe’s Pegasus ULD bulk temperature controlled containers. The Pegasus ULD™ is the world’s first passive bulk temperature controlled container for pharmaceutical use that is an approved unit load device, which allows it to speed through existing international ground handling and customs processes at the lowest possible cost. Engineered with composite materials, the unit load device will offer a lighter solution that is substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus contains a fully integrated, FAA (Federal Aviation Administration) approved telemetry system, providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location. ACL Airshop, headquartered in Greenville, S.C., and with air cargo support capabilities at more than 50 of the world’s top 100 cargo airports, will initially provide pre-conditioning, handling and repair services at air cargo facilities around the world representing key pharma hubs for import and export. As demand for the Pegasus ULD fleet continues to grow, ACL’s global footprint offers Sonoco ThermoSafe the opportunity to rapidly expand.
We achieved two of our six major goals: We reduced our total direct greenhouse gas emissions and indirect emissions from purchased energy by 19 percent at our pulp and paper mills, compared to our goal of a 15 percent reduction from 2010 levels. We also completed development of a water usage model for our mills to measure and more strategically manage the full cost of using water. In addition, we have nearly achieved two other Domtar sustainability goals that center on certified fiber procurement and employee engagement (as measured by establishing EarthChoice® Ambassador teams at each of our facilities). Finally, we are actively working toward achieving our final two Domtar sustainability goals — targeting a 0.50 recordable safety incident rate and ensuring a 40 percent reduction in waste to landfill from pulp and paper mills. click read more for more great info
National Average Price for Regular Unleaded Current: $2.234; Month Ago: $2.185; Year Ago: $2.583. National Average Price for Diesel Current: $2.431; Month Ago: $2.432; Year Ago: $2.933.
American Dollar to Canadian Dollar = 0.765834; American Dollar to Chinese Yuan = 0.145746; American Dollar to Euro = 1.191712; American Dollar to Japanese Yen = 0.009505; American Dollar to Mexican Peso = 0.045742.
Chances are, you’re currently trying to reach your audience in a variety of ways. Maybe digital ads, search, social media, catalog, direct mail and your retail environment. What if you could tie all those efforts together with a single creative concept—a “Big Idea” that unifies all of those touch points? And what if that consistent message was delivered in such a unique and bold way that you now stood out from the competition? People now notice you. They remember you. And now they will consider you. THAT’S the power of a campaign. Need some help getting started? Read our 8-part series at: https://www.jschmid.com/services/campaigns/
Consumer Privacy 2-Parter: Hear what lessons can be learned now that the California Consumer Privacy Act is in place during the first session on Sept. 16th from 1:00-1:45. Then tune back in at 2:00 to learn about data literacy and your brand's marketing ecosystem. CohereOne CEO Tim Curtis will moderate. Crutchfield's CIO Jeff Bingaman (bottom right), Wunderman Thompson's Chief Privacy Officer Rachel Glasser (top right), KP Public Affairs Lobbyist Pat Joyce (top left), Brann & Isaacson Partner David Swetnam-Burland (bottom left) will prep you for the complexity and fluidity of evolving privacy laws. Remote Sales Tax Collection, Post-Wayfair: Brad Scott, Halstead Bead's director of finance, chairs ACMA's tax committee and along with fellow committee member, Linda Lester, VP of K-Log (both pictured at a recent House Small Business subcommittee hearing with FindTape Founder Kevin Maloney in between), he will share D.C. lobbying stories and provide an update on how the committee intends to get Federal legislation passed to make sales tax collection easier for remote merchants. The committee also will outline how other remote merchants and suppliers can get involved all for the better good. Sept. 23rd at 2:00 E.T. CLICK HERE >>> https://us02web.zoom.us/webinar/register/WN_zoG0Zv-zTpumXJcbZIESvA to Register NOW; SPOTS ARE LIMITED
This week, the supermarket chain Morrisons has launched a “paper bag only” trail in eight stores. If successful, the chain will consider removing plastic bags from all stores and will offer paper bags only. Morrisons started to give their customers the choice between paper and plastic bags earlier this year when they introduced reusable paper bags into their stores at a 20p charge (the same price as a plastic “bag for life”). However, since they have seen little evidence to suggest that the plastic bags are being re-used and therefore, continue to have a negative impact on the environment, they are considering ditching them altogether. Andy Atkinson, Group Customer and Marketing Director, at Morrisons said: “We are taking another meaningful step that will remove an estimated 1,300 tonnes of plastic out of the environment each year. Our customers have told us that reducing plastic is their number one environmental concern so introducing the paper bag across the nation will provide another way of reducing the plastic in their lives.”
Fourth Quarter Highlights: Total net revenues increased a record 61.1 percent to $418.0 million, compared with $259.4 million in the prior year period Net Income was $9.8 million, or $0.15 per diluted share. Adjusted Net Income1 was $15.1 million, or $0.23 per diluted share, compared with a net loss of $8.3 million, or ($0.13) per share, in the prior year period. Full Year Highlights: Total net revenues increased 19.3 percent to $1.49 billion, compared with $1.25 billion in the prior year, reflecting strong growth across all three of the Company’s business segments. Net Income was $59.0 million, or $0.89 per diluted share. Adjusted Net Income1 increased 86.9 percent to $65.0 million, or $0.98 per diluted share, compared with $34.8 million, or $0.52 per diluted share, in the prior year.
A summary of results for the second quarter ended August 1, 2020 as compared the second quarter ended August 3, 2019: *Net sales of $698 million, down 17% as compared to last year, reflecting the adverse impact of COVID-19 on store sales. *Gross profit rate improved 140 basis points to 60.7% on lower promotional and clearance activity. *Operating income improved to $14 million and $22 million on a reported and adjusted non-GAAP basis, respectively, as compared to an operating loss last year of $39 million, which reflected $45 million of flagship store exit charges. *Net income per diluted share improved to $0.09 and $0.23 on a reported and adjusted non-GAAP basis, respectively, as compared to net loss per diluted share last year of $0.48, which reflected the adverse impact from flagship store exit charges of approximately $0.50 per diluted share, net of estimated tax effect.
Census 2020 is not going well. Nor is it going as planned. This critical distinction has been amplified by the COVID-19 pandemic, which again exposes the depth and breadth of the digital divide in America. Popular narratives about the digital divide that separates our nation are too often anchored narrowly on the mere availability of broadband in a community. And now, emerging narratives about Census 2020 self-reporting issues routinely fail to look beyond the pandemic disruptions. Long before the launch of this decade’s Constitutionally mandated count of the country’s resident population, planners at the Census Bureau smartly decided to embrace modern technology and create an online platform for responding to the critically important questionnaire. But then they made a giant leap of faith.
UPS announced the appointment of Nando Cesarone to President, U.S. Operations and Scott Price to President, UPS International. Nando Cesarone previously served as President UPS International and in that role led the company's business operations in more than 220 countries and territories outside of the U.S. Prior to that, he served as President of UPS’s European operations, leading UPS Europe to record business performance during the company’s five-year investment program. Cesarone also served as President of the Asia Pacific Region.
Amcor announced today it has joined the U.S. Plastics Pact, a collaborative, solutions-driven initiative to create a path forward to a circular economy for plastics in the United States by 2025. The U.S. Plastics Pact is focused on four ambitious goals intended to drive significant systems change by unifying diverse cross-sector approaches, setting a national strategy, and creating scalable solutions. The first North American Pact of its kind, the U.S. Plastics Pact is a collaboration led by The Recycling Partnership, World Wildlife Fund (WWF), and Ellen MacArthur Foundation.
WAMI is an Italian water brand with a twist, aiming to make a difference to millions of people who lack access to clean, accessible water. Its mission is to turn the ordinary act of drinking water into something extraordinary by providing 100 liters of water to people in need every time a product is purchased. As of July 2020, WAMI water is available in aluminum cans from Crown Bevcan Europe & Middle East, further advancing the brand’s commitment to making a positive impact in the world thanks to the package format’s infinite recyclability and ability to remain within the material loop. Available in 0.44cl size, the cans are a product of the vision of WAMI CEO Giacomo Stefanini, whose belief is that working on packaging sustainability is a key area of focus – particularly as the B-Corp (Benefit Corporation) company looks to expand its reach into the restaurant and bar trades. They have a minimal but striking design and feature the WAMI logo on a predominantly white surface alongside brushstroke effect graphics in green for natural and blue for sparkling.
Third Quarter Highlights include (all results compared to the third quarter of 2019 unless otherwise noted): *Net income of $20.7 million decreased compared to net income of $62.7 million *Net cash provided by operating activities decreased by $6.5 million to $135.0 million. *Total debt decreased by $240.9 million to $2,637.6 million. Net debt(4) decreased by $263.6 million to $2,539.1 million and decreased $70.8 million sequentially from the second quarter of 2020.
In shipping and packaging, there are a lot of definitions of what “sustainability” means. In fact, because there are so many different ways that companies can make more sustainable choices, it can sometimes feel just as elusive as Bigfoot. Companies often have big ideas on how they can reduce their carbon footprints. But when it comes down to creating a definitive plan, it slips quietly into the forest, leaving us with only a grainy picture of what we want to do — and no truly concrete way to move forward with our sustainability efforts. What we do know is that shipping has a massive impact on the environment. Parcel shipping has more than doubled in the last five years, and its year-over-year growth is 17%. This affects greenhouse gas emissions, and we know that we need to create an actionable plan to mitigate these environmental repercussions. Doing this can help companies take real steps toward actually reducing their carbon footprint, so that sustainability efforts yield real, not mythical, results.
The growth of e-commerce has generated significant demand for sustainable packaging options, as both consumers and e-retailers look to increase the recyclability of their packaging. This curbside recyclable padded paper mailer is a sustainable alternative to non-recyclable dual material packaging. GP is expanding its offerings to include paper padded mailers. In May, the company opened a new facility in Arizona to manufacture curbside recyclable paper padded mailers with Amazon as a key customer. To manufacture this product, Georgia-Pacific created approximately 80 jobs at a new manufacturing facility in Tolleson, Arizona, outside of Phoenix. The company will begin supplying Amazon’s West Coast fulfillment centers with potential expansion to other parts of the country. “This padded paper mailer is a significant advancement in developing a sustainable packaging alternative to reduce environmental impacts,” says Adam Ganz, vice president – commercial development at Georgia-Pacific. “Shipping items to consumers in a mailer that can be tossed in the bin with the rest of their paper recyclables is a game changer. We’re excited to bring this to our customers at a time when e-commerce continues to grow rapidly.”
Following the announcement by the Swedish SCA Group about discussions regarding a possible closure of its paper machines in Ortviken (Sweden) and consequently possible effects on various corporate divisions of the group, the Austrian paper manufacturer Laakirchen Papier AG comments on this issue as follows: The Heinzel Group, whose subsidiary is the Austrian paper mill Laakirchen Papier AG, has a sales cooperation with the SCA Group in place since several years. "The possible closure of the paper machines and potential effects on the sales cooperation with SCA in Western European countries such as Germany, France, Belgium or the Netherlands have no influence on the production and sales of SC paper from Laakirchen Papier. We continue to be committed to SC paper production in the future and we assure our customers that they will be delivered with our paper as usual”, says Franz Baldauf, CFO of Laakirchen Papier AG.
To ensure future competitiveness of UPM Communication Papers, UPM announces plans for permanent closing of UPM Kaipola paper mill in Finland, sale of UPM Shotton paper mill in Wales and streamlining Communication Papers business function teams. In addition, UPM Biorefining and UPM Specialty Papers announce plans for reorganising and streamlining activities in Finnish pulp mills, UPM Forest and UPM Tervasaari mill in Finland. The planned actions would result in annual cost savings of EUR 75 million. Decisions on the final plans will be made after the co-determination procedures have been concluded. The planned closure of UPM Kaipola’s three paper machines would impact approximately 450 positions and lead to a permanent reduction of 720,000 tonnes of graphic paper capacity, thereof 450,000 tonnes of newsprint and 270,000 tonnes of coated mechanical paper.
Total Company net sales for the three months ended July 31, 2020, decreased 16.5% over the same period last year to $803 million. Comparable Retail segment net sales decreased 13%, driven by negative retail store sales due to stores being closed for part of the quarter and lower store productivity once opened, partially offset by strong double-digit growth in the digital channel. By brand, comparable Retail segment net sales increased 11% at Free People and decreased 8% at Urban Outfitters and 25% at the Anthropologie Group. Total Retail segment net sales decreased 14%. Wholesale segment net sales decreased 51%. For the three months ended July 31, 2020, the gross profit rate decreased to 29.6% from 32.8% in the prior year’s comparable period. Gross profit dollars decreased 24.6% to $238.0 million from $315.9 million. The decrease in gross profit rate was primarily due to an increase in delivery and logistics expense due to penetration of the digital channel, followed by store occupancy expense rate deleverage. Net income for the three months ended July 31, 2020, was $34 million and earnings per diluted share was $0.35. Net loss for the six months ended July 31, 2020, was $104 million and loss per diluted share was $1.06.
SECOND QUARTER 2020 SUMMARY: • Second quarter net loss of $255 million, which included after-tax COVID-19 related charges of $14 million primarily related to corporate asset impairments, decreased from net earnings of $141 million during the same period in fiscal 2019. • In Full-Price, net sales decreased 58 percent. Excluding the Anniversary Sale event shift impact, Full-Price sales decreased in the mid-forties percent range. Off-Price net sales decreased 43 percent compared with the same period in fiscal 2019. Top performing merchandise categories included home, kidswear, accessories, beauty and active in both Full-Price and Off-Price. • Total company digital sales decreased 5 percent. Excluding the Anniversary Sale event shift impact, digital sales increased approximately 20 percent in the second quarter and in the mid-teens range on a year-to-date basis. The Company’s e-commerce business continued to experience significant growth in new Nordstrom customers of more than 50 percent. • Gross profit, as a percentage of net sales, was 21 percent, decreasing from 35 percent for the same period in fiscal 2019 due to planned markdowns and deleverage from lower sales volume and reflected sequential improvement in merchandise margin trends.
For the thirteen weeks ended August 1, 2020 (the "second quarter"), the Company reported: *A net loss of $46.8 million a material improvement over the thirteen weeks ended May 2, 2020 (the "first quarter"). The second quarter net loss includes the after-tax impact of inventory write-offs of $8.0 million. For the thirteen weeks ended August 3, 2019 ("last year's second quarter"), the net loss was $2.3 million. *Net sales were $306.2 million, an improvement of 9.2% from the first quarter, reflecting the benefit of strong digital sales and store reopenings. Sales decreased approximately 39.8% from last year's second quarter, reflecting disruptions related to the pandemic, including the continuation of temporary store closures and limited hours during the second quarter, as well as the impact of 74 net permanent store closures since last year's second quarter, partially offset by double-digit growth in digital performance. For the twenty-six weeks ended August 1, 2020, the Company reported: *A net loss of $225.1 million compared to net loss of $0.3 million for the twenty-six weeks ended August 3, 2019.
UPM Raflatac, a global leading manufacturer of pressure sensitive labels, is pleased to announce it has joined the U.S. Plastics Pact. This collaborative, solutions-driven initiative is rooted in four ambitious goals intended to drive significant systems change by unifying diverse cross-sector approaches, setting a national strategy, and creating scalable solutions to create a path forward toward a circular economy for plastics in the United States by 2025. The first North American Pact of its kind, the U.S. Pact is a collaboration led by The Recycling Partnership, World Wildlife Fund (WWF), and Ellen MacArthur Foundation. Activators like UPM Raflatac recognize that significant, systemwide change is imperative to realize a circular economy for plastics. As such, the U.S. Pact will convene more than 70 brands, retailers, NGOs, and government agencies across the plastics value chain to bring one voice to U.S. packaging through coordinated initiatives and innovative solutions for rethinking products, packaging, and business models.
Bonnier Corp. has signed a licensing agreement for its iconic brand Popular Science with Celestron Acquisition LLC, it was announced by Elise Contarsy, Senior Vice President of Bonnier Consumer Products. Founded in 1960, Celestron offers the largest selection of consumer optical products in the world and is the global leader in telescope manufacturing. An industry leader for more than 60 years, Celestron will produce an extensive line of Popular Science products that will include telescopes, microscopes, sport optics and accessories. The deal was brokered by Evolution USA LLC, the licensing and brand management agency that represents the Popular Science brand worldwide.
Tredegar Corporation announced that it has agreed to sell its personal care films business to affiliates of Fitesa S.A. The Personal Care Films business, which is currently reported by Tredegar within the personal care component of its PE Films segment, has approximately 400 employees worldwide and includes manufacturing sites located in Terre Haute, Indiana; Kerkrade, The Netherlands; Rétság, Hungary; Diadema, Brazil; and Pune, India. The proposed transaction excludes the packaging film lines and operations relating to the Pottsville, Pennsylvania manufacturing site currently reported by Tredegar within the personal care component of its PE Films segment. Cash proceeds from the sale net of transaction costs, purchase price adjustments and transition services are estimated at $40 to $45 million. Net cash income tax costs or benefits relating to the transaction are expected to be negligible.
Royle Printing is pleased to announce Pam Rostagno has joined the Royle team as Director of Operations. Rostagno brings a broad depth of knowledge and experience from her various operations leadership positions she held at Quad. Beginning her career in their Corporate Trainee program, Rostagno spent time as a customer service representative before moving into a leadership position in that department. She advanced in her career, serving as the Plant Director at the Quad Lomira, Wis., facility and Quad Martinsburg, W.V., facility. In 2013, Rostagno accepted the position of Director of Operations at the Quad In-Store Division, where she championed the rapid growth of that business unit. Rostagno has been heavily involved in employee development, process improvement & cost analysis, strategic planning & direction, customer service, quality & production controls, LEAN/6S applications, leadership and mentoring/coaching.
Kimberly-Clark today announced it has joined the U.S. Plastics Pact, a collaborative, solutions-driven initiative rooted in four ambitious goals intended to drive significant systems change by unifying diverse cross-sector approaches, setting a national strategy, and creating scalable solutions to create a path forward toward a circular economy for plastics in the United States by 2025. The first North American Pact of its kind, the U.S. Pact is a collaboration led by The Recycling Partnership, World Wildlife Fund (WWF) and Ellen MacArthur Foundation. As part of the U.S. Plastics Pact, Kimberly-Clark and its trusted brands including Kleenex®, Cottonelle® and Huggies® join more than 70 brands, retailers, NGOs, and government agencies across the plastics value chain working to bring one voice to U.S. packaging through coordinated initiatives and innovative solutions for rethinking products, packaging, and business models.
SCA intends to invest SEK 1,45bn in the production of chemically pre-treated thermo-mechanical pulp (CTMP) at the Ortviken paper mill in Sundsvall. In parallel, SCA is initiating consultations with trade unions and employee representatives to discontinue the production of publication paper at the mill. SCA intends to invest to achieve an annual production volume of 300,000 tonnes of CTMP pulp at Ortviken, using the existing infrastructure. Currently, SCA produces coated and uncoated publication paper on three paper machines at Ortviken paper mill with annual sales of approximately SEK 4bn. Demand for publication paper in Western Europe has declined by approximately 5% per year since 2008.
Domestic gross profit rate was 22.8% versus 24.0% last year. The gross profit rate decrease of approximately 120 basis points was primarily driven by higher supply chain costs as a result of the increased mix of online revenue and lower profit-sharing revenue from the company’s private-label and co-branded credit card arrangement. Domestic GAAP SG&A was $1.56 billion, or 17.1% of revenue, versus $1.76 billion, or 19.9% of revenue, last year. On a non-GAAP basis, SG&A was $1.54 billion, or 16.9% of revenue, versus $1.74 billion, or 19.7% of revenue, last year. Both GAAP and non-GAAP SG&A decreased primarily due to: (1) reduced store payroll expense; (2) lower advertising expense; (3) reduced incentive compensation expense, as the company did not pay or accrue short-term incentive expense for second quarter performance; and (4) lower medical claims expense. International revenue of $782 million increased 9.4% versus last year. This increase was primarily driven by comparable salesgrowth of 15.1%, which was partially offset by the impact of approximately 490 basis points of negative foreign currency exchange rates. International SG&A was $142 million, or 18.2% of revenue, versus $166 million, or 23.2% of revenue, last year. SG&A decreased primarily due to lower payroll and benefit expense, primarily in Canada, and the favorable impact of foreign exchange rates.
Domtar has successfully completed a surveillance audit on the Wabigoon Forest for the new Forest Stewardship Council (FSC®) National Standard for Canada. The audit took place the week of July 13th ending with the auditor’s recommendation for certification to be maintained under the new Canadian standard. This new standard replaced the previous FSC® Boreal standard and has set the bar high for demonstrating sustainable forest management. The Wabigoon Forest was first certified to the FSC® standard in 2008. “Our on-the-ground management practices, coupled with a rigorous provincially mandated forest management planning process, helps to hit the mark with FSC®,” said Marie Cyr, general manager of the Dryden pulp mill. “We are proud of our record of sustainable forest management. The fact that the Dryden mill has been operating in this forest area for over 100 years demonstrates that we are managing our forests sustainably.”
Barnes & Noble, Inc. released its Most Anticipated Books for September to launch a stacked fall publishing season after delays due to COVID-19. “A lot more reading has been done this year, one of the very few silver linings to COVID-19. Even so, new publishing has been peddling very gently since late March, absent the support of bookstores. Now the floodgates have well and truly opened, just as our bookstores get back into their stride,” said Barnes & Noble CEO James Daunt. “This is when our booksellers come into their own, applying their skills to curate the best from amongst the plethora of new publishing. Our Most Anticipated Books list for September is a bold introduction to the riches of the fall publishing. With so much that is new, bookstores have suddenly become very exciting.” The below fifteen titles were chosen by Barnes & Noble’s bookselling team with a diversity of genres in mind, including fiction, mystery, poetry, history, and YA. go to: https://www.barnesandnobleinc.com/press-release/barnes-noble-announces-anticipated-books-september/
My name is Mike Duncan, and for the past two years I have been honored to serve as Chairman of the Board of Governors for the United States Postal Service. Throughout my life, I have looked for ways to help strengthen and support institutions important to American communities. That’s why I spent five years serving on the Board of the Tennessee Valley Authority, and why I serve on the Board of Alice Lloyd College near my home in Kentucky. When I accepted this position, I did so because of my admiration for the United States Postal Service and its public service mission. Click read more below for the rest of the statement.
The Association of Plastic Recyclers (APR) has recognized a new Mactac® pressure-sensitive adhesive innovation for the association’s highest recyclability standard. The recognized adhesive – PUREfloat™ – is a permanent acrylic emulsion adhesive intended for polyester (PET) bottle labeling applications. It was designed specifically for applications where labels applied to PET containers can be washed off cleanly to allow the container to be recycled. “Meeting APR standards is a significant step for Mactac in demonstrating our company's commitment to the environmental impact and recyclability of our products,” says Kim Hensley, Senior Marketing Manager, Mactac Performance Adhesives.
Ahlstrom-Munksjö announces the launch of TrustShield™ Biological, a personal protective apparel medical fabric designed to shield against hazardous pathogens. The TrustShield™ product portfolio offers a range of medical fabrics designed to provide superior protection in the operating room, clinical and laboratory environments. TrustShield™ fabrics are laser resistant, protect against chemical permeation, and are highly absorbent. They can be easily converted into medical grade gowns or drapes. TrustShield™ Biological is designed for personal protective apparel applications requiring biological protection to prevent penetration of blood and other hazardous fluids that can spread and cause infections. TrustShield™ Biological is a bi-laminate (two layer) fabric that consists of a polypropylene based nonwoven layer designed for comfort, and polyethylene film layer for protection against biohazards.
Total European shipments of graphic papers in June 2020 were down 26.6% vs. June 2019 and are down 18.8% year-to-date. Total European shipments of newsprint in June 2020 were down 19.4% vs. June 2019 and are down 15.4% year-to-date. Total European shipments of sc-magazine in June 2020 were down 21.1% vs. June 2019 and are down 19.3% year-to-date. Total European shipments of coated mechanical reels in June 2020 were down 39.3% vs. June 2019 and are down 25.8% year-to-date. Total European shipments of uncoated mechanical (improved & others) in June 2020 were down 10.3% vs. June 2019 and are down 8.0% year-to-date. Total European shipments of coated woodfree in June 2020 were down 36.6% vs. June 2019 and are down 24.5% year-to-date. Total European shipments of uncoated woodfree in June 2020 were down 24.0% vs. June 2019 and are down 15.2% year-to-date.
You may know Georgia-Pacific for making paper towels, plates, cups and toilet paper. But we also preserve land for birds, bears and other wildlife. In this the video below meet wildlife biologist Bobby Maddrey, and hear how satellites keep six million acres of forests protected in this unique to GP program. Take a deeper look between the trees at Georgia-Pacific’s decade of dedication to forest mapping. With the combination of forest mapping and the advancement of satellite monitoring, GP is now able to receive automatic alerts if changes happen to tracts of land and to assess vegetation and connect with foresters directly, improving the protection of endangered forests in real-time.
PaperWorks is increasing its production capacity and capabilities, investing in new technology innovation and platforms in the Greensboro, North Carolina facility. The state-of-the-art equipment and new technology platforms will integrate well with PaperWorks’ highly-efficient business model by offering the most sophisticated automation geared towards in-line innovation and full-quality control. The new investment consists of: *A new 41” Offset printing press from Komori (Japan) – GLX740 with seven colors and two coaters including automating logistics, in-line color control, in-line detection systems, automated changeovers and in-line cold foil technology. This top-of-the-line technology platform will allow for the production of high-end cartons that will be highly sustainable and cost-efficient. *Two new MasterFold folding gluing lines from Bobst (Switzerland) – 110A1 with 600Meters/Min line speed including end-to-end automation through a full batch turner, easy feed and auto packer. These lines are made with a highly sophisticated servo controlled matic system and innovative technology used between job changeovers. They are equipped with a world-class, advanced gluing system and detection systems for full in-line quality and process control.
Pearson plc announces the prospective appointment of Andy Bird as its new Chief Executive, starting on 19th October, 2020. It is intended that John Fallon will continue as Chief Executive until that date, when he will step down from the Board and remain as an advisor until the end of the year. Andy is currently a Non-Executive Director at Pearson plc and was appointed to the Board on 1st May, 2020. Andy has had a distinguished career spanning 35 years in the media industry. Most recently he worked for The Walt Disney Company, as Chairman of Walt Disney International, responsible for the company’s businesses outside of the US. After joining in 2004, he led a major expansion of Walt Disney International, transforming the organisation into a digital-first business focused on the diverse needs of consumers around the world.
The Board of Managers of American Media, LLC's holding company have made the strategic decision to combine American Media and Accelerate360, LLC (Accelerate). The announcement was made by Accelerate CEO David Parry. As part of the consolidation, American Media will be renamed A360 Media and American Media President and CEO, David J. Pecker has been named Executive Advisor of A360 Media effective immediately. "This is a transformative event that significantly reshapes Accelerate and American Media into a new type of media and marketing company with an unprecedented reach all the way to the sales floor," said Mr. Parry.
“The U.S. Postal Service greatly appreciates the efforts of the House of Representatives to assist us. We look forward to continuing to work with Congress on more meaningful reform that will ensure our long-term health, and we remain a vital part of our nation’s critical infrastructure. We are concerned that some of the requirements of the Bill, while well meaning, will constrain the ability of the Postal Service to make operational changes that will improve efficiency, reduce costs, and ultimately improve service to the American people. We reiterate that the Postal Service is fully capable and committed to delivering the nation’s election mail securely and on time, and will do everything necessary to meet this sacred duty.”
AptarGroup, Inc. is proud to announce its science-based targets have been validated by the Science Based Targets initiative (SBTi). Aptar’s targets approved by the SBTi are: *Aptar commits to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions 28% by 2030 from a 2019 base year (well-below 2°C) *Aptar commits to increase annual sourcing of renewable electricity from 57% of total consumption in 2019 to 100% by 2030 *Aptar also commits to reduce absolute scope 3 GHG emissions 14% by 2030 from a 2019 base year (in-line with 2°C)
Marc Shore, president of WestRock’s Multi Packaging Solutions (MPS) business, decided to leave WestRock, effective August 17, 2020. Patrick Kivits has assumed the role of president, MPS since Shore’s departure. Kivits joined WestRock in 2019 from H.B. Fuller and has served as the executive vice president for MPS since that time, where he was responsible for the company’s MPS North America operations. In this role, Kivits worked to ensure an ongoing commitment to customers while driving continuous growth, innovation and exceptional results. He also served as steward of WestRock’s China Operations, guiding a cohesive company presence while supporting the company’s MPS China Operations.
We’ve all seen people go crazy for tiny houses. There’s a reason for that: smaller means simpler, quicker to build, easier on the budget. Well, the same concept works for campaigns. It’s possible to build a small, agile campaign that reaches a portion of your audience and prospects too, with a friendlier bottom line. However, as with tiny houses, you still need a strategy, skill and planning to build it. Even if it is pocket-sized. It’s also useful for testing creative messages and visuals to gauge response before a big rollout. So what are the essential parts of a campaign, and how can you scale budget? Let’s take a look. Click Read More below
Clay Dunn, (63), President, North America business segment has decided to retire at the end of 2020 after successfully leading Huhtamaki’s business in North America since 2005. Ann O’Hara, (49), MBA, BSE (Chemical Engineering), has been appointed President, North America business segment and a member of the Global Executive Team. Ann will join Huhtamaki on November 1, 2020 and will assume the role of President, North America on January 1, 2021 following a two-month transition period with Clay Dunn. ”I would like to thank Clay for his outstanding contribution to Huhtamaki over the past 15 years,” says Charles Héaulmé, President and CEO of Huhtamaki. “Under Clay’s leadership Huhtamaki’s turnover in the United States has essentially doubled, passing the USD 1 billion milestone in 2014.”
Learning Company Houghton Mifflin Harcourt (HMH) reinforced its commitment to racial justice with a major book donation aimed at amplifying Black voices while getting books into hands of children and families in need. HMH is in the process of donating over 50,000 titles by Black authors to more than 15 youth-serving nonprofit organizations across the United States. Donated through HMH’s Books for Equity initiative, the curated list of titles explores issues of race and features Black main characters, including works by Toni Morrison, Kwame Alexander, Nana Kwame Adjei-Brenyah, Margaret Walker, Melba Pattillo Beals and many more. Recipients of the donations include City Year, Girls Write Now, Boys & Girls Club of Harlem, Communities In Schools of Central Texas, and more.
Following news last month that O, The Oprah Magazine would cease regular print publication, Oprah herself has addressed the brand’s future in a video published on its website. In a video posted on O, the media mogul hinted at big things for the brand, while announcing the print magazine will scale back to at least four special print issues a year. “There’s been a lot of chatter and a lot of speculation about O, The Magazine ending,” Oprah said from her home. “I want you to know, it’s not ending, it’s evolving. Because after 20 years of covers, I think it’s time, and I also think it’s a good thing. None of us were meant to stay the same. We evolve.”
Everything is relative. Unit sales of print books fell 5.6% last week compared to the week ended August 8, 2020, when sales rose 10.2% over the prior week driven by several new blockbuster titles. Compared to August 17, 2019, however, sales were up 14.3% at outlets that report to NPD BookScan. The biggest factor in last week’s sales decline was the trailing off of sales of Midnight Sun by Stephenie Meyer, which sold more than 524,000 print copies following its release on August 4. Last week it sold a very respectable 139,000 copies, making it once again the top-selling title for the week, but the sales drop from its debut led to a 38% sales decline in the young adult segment in the week.
It takes plenty of space to park a wide-body cargo jet, and UPS’s facility at Kansas City International Airport is getting a lot more of it. The facility, known as an air gateway, is being renovated and expanded. The most visible part of the work is expanding the ramp from two aircraft parking spots to five. The new ramp will be 534,000 square feet, more than nine football fields in size. In addition to the new ramp, UPS also will install new sorting equipment at the gateway, more than tripling package handling capacity to 5,000 packages per hour. Construction in Kansas City is planned to begin in late October with completion in the fall of 2021.
DS Smith has announced the appointment of Johan van Baarle as Sales Director of its Paper Division. Reporting to Niels Flierman, Managing Director for Paper, Van Baarle will be responsible for the division’s paper sales across Europe and North America – managing around 5 million tonnes of paper produced at DS Smith’s mills annually. Van Baarle joins DS Smith from Cargill, the global food, agricultural, finance and industrial products provider, where he has worked since 2003. During his time at Cargill Van Baarle gained a wealth of experience holding a series of senior customer focused and sales manager roles. Most recently he has been Sales Director Global Accounts in Cargill’s Cocoa & Chocolate division. Based in The Netherlands, Van Baarle will be tasked with further growing DS Smith’s paper sales across Europe and the U.S.
Metsä Board's Kyro mill will be 150 years old this year, 2020. The wood grinding plant along the Kyröskoski rapids was started up in 1870. Since then, the Kyro mill has manufactured market wood pulp, groundwood, sawn timber, various papers and paperboard for international markets. Today, it is a modern and efficient mill that produces high-quality folding boxboard for Metsä Board, part of Metsä Group. “Kyro people are proud of their mill. Our staff have always lived with changes and challenging times have been overcome by working together. People commit themselves to the mill for a long time, with families often having several generations involved. This has positively influenced the kind of mill Kyro is today,” says Petri Huiko, VP and mill manager of Metsä Board Kyro.
Metsä Group’s innovation company Metsä Spring and Valmet have decided to continue the development collaboration related to 3D fibre products and hence, to invest jointly approximately EUR 20 million in a new R&D project. As part of the project, a greenfield pilot plant will be built on Metsä Group’s mill site in Äänekoski, Finland. When operational, the pilot plant will employ roughly 10 persons. The technology applied in the pilot plant converts wet wood pulp into final 3D fibre products without any intermediate steps. In other words, the new environmentally-friendly 3D fibre products are ready to be shipped to end customers as such. “Our objective is to develop a novel wood-based 3D fibre product, which can replace, for instance, packages made out of fossil raw materials. The pre-study phase with Valmet was a success. We have thus decided to accelerate the pace of development by constructing a pilot plant. I believe that our possibilities for developing a new significant added-value product for the Finnish forest industry are good”, says Jarkko Tuominen, head of the project at Metsä Spring.
Coca-Cola European Partners (CCEP) announced the introduction of WestRock’s CanCollar® Eco, an innovative paperboard packaging solution, for multipack cans in Spain. The move supports its work, in partnership with Coca-Cola in Western Europe, to remove all unnecessary or hard to recycle plastic from its portfolio, avoiding the use of more than 11,000 tons of virgin plastic a year across the region. WestRock partners with customers to provide sustainable and differentiated packaging solutions that will resonate with consumers. The CanCollar Eco design is based on learnings from commercializing CanCollar® Classic in the U.S. craft beer market since 2017. Initially, Coca-Cola European Partners will launch the new paperboard CanCollar® Eco in the Balearic Islands in November 2020, a first in Europe.
National Average Price for Regular Unleaded Current: $2.188; Month Ago: $2.190; Year Ago: $2.603. National Average Price for Diesel Current: $2.423; Month Ago: $2.434; Year Ago: $2.945.
American Dollar to Canadian Dollar = 0.756105; American Dollar to Chinese Yuan = 0.144419; American Dollar to Euro = 1.176693; American Dollar to Japanese Yen = 0.009450; American Dollar to Mexican Peso = 0.045134.
Consistent with expectations disclosed in the company’s July 28, 2020 business update, net sales were $2.319 billion for the quarter ended Aug. 1, 2020, a decrease of 20 percent compared to sales of $2.902 billion for the quarter ended Aug. 3, 2019. Total Bath & Body Works second quarter sales in the United States and Canada were $1.197 billion, an increase of 13 percent compared to $1.061 billion last year. Total Victoria’s Secret second quarter sales in the United States and Canada were $977.5 million, a decrease of 39 percent compared to $1.606 billion last year. Reported loss per share for the second quarter ended Aug. 1, 2020, was $0.18 compared to earnings per share of $0.14 for the quarter ended Aug. 3, 2019. Second quarter operating income was $44.0 million compared to $174.6 million last year, and net loss was $49.6 million compared to net income of $37.6 million last year.
Stora Enso has appointed Annette Stube as EVP, Head of Sustainability and a member of the Group Leadership Team. She will start on 1 September 2020. Annette Stube is a Danish citizen who joins from a position as Head of Sustainability in A.P. Moller–Maersk, an integrated transport and logistics company. Previously she has worked as Director of Sustainability programmes in the global healthcare company Novo Nordisk. She has a master’s degree in psychology and an Executive Board Education from Copenhagen Business School. She is also a member of the Board of Directors of the Finnish energy company Fortum. Annette Stube succeeds Stora Enso’s current Head of Sustainability Noel Morrin who retires in the end of year 2020. Noel Morrin joined Stora Enso in 2015.
FibDex® wound dressing – made from nanofibrillar cellulose by UPM Biomedicals – has taken a significant step in its path to market, as leading medical device distributor Steripolar Oy now sells the product in Finland. FibDex is the first clinical product of renowned forest-based bioindustry company UPM and shows promising signs for future developments, such as cell therapy. ”We are excited to offer this Finnish product, made from Finnish raw material, first in the world to Finnish healthcare professionals and patients,” said Johana Kuncova-Kallio, Director of UPM Biomedicals. “Nanofibrillar cellulose has proven its potential both in the development of cell therapies and in clinical applications, and we are committed to further innovation.” Kaj Dahlström, CEO of Steripolar, added: “We were attracted to the ingenuity of FibDex. We are always looking for products and solutions that offer diverse and pain-free healing, while minimizing damage to the environment.”
This August and September, UPM will be organizing forest trips for 6th grade primary school students in five different Finnish cities, where UPM’s mills are located. The trips will take place if the COVID-19 situation allows it. This is the fourth time that UPM has organized such excursions. The aim is to provide pupils with a positive forest experience and increase knowledge of how Finnish forests are used. During the excursions, which are called “Commercial forest — Development and Sustainable Use,” pupils will learn about the commercial and recreational use of forests, wildlife management and wood-based products. In addition, every pupil gets a chance to plant a seedling that will become a part of a forest. With 40 classes taking part, there will be roughly 800 pupils and teachers in total taking part during these excursions. Due to the COVID-19 situation, the number of classes is smaller than before. Despite the exceptional circumstances, the forest excursions will provide a safe experience for pupils: sp ecial arrangements have been made for the excursions, e.g. taking into account safety distances and hygiene.
When U.K. bookseller James Daunt took over as CEO of Barnes & Noble a year ago, after a sale that landed it in private hands, he faced the formidable challenge of rescuing the chain from troubles largely of its own making, in the shadow of Amazon's prowess in the segment. At the time of the sale, annual revenue at Barnes & Noble hadn't grown for seven years, declining, in fact, by some $700 million since 2015. As Amazon powered on as a top bookseller, Barnes & Noble cycled through a series of CEOs and strategies.
In preparation for the 2020 holiday season, Ulta Beauty, Inc. (NASDAQ: ULTA) today announced its decision to close all stores on Thanksgiving, November 26, 2020. “The holiday season is when Ulta Beauty and our guests shine brightest,” said Mary Dillon, chief executive officer. “Keeping our associates at the heart of our decisions always, we are adapting this season’s plans to reflect our immense gratitude for their commitment to serving our stores, our guests and our communities throughout this unprecedented year. It’s our hope that everyone takes time this Thanksgiving to see the beauty in togetherness with loved ones.”
John Wiley and Sons Inc. announced a strategic partnership with PwC’s Academy Middle East, the talent and skills development business of PwC Middle East, to provide virtual Certified Public Accountant (CPA) exam preparation in the Middle East region, including UAE, Bahrain, Egypt, Jordan, Kuwait, Lebanon and Qatar. This partnership will address the need to continually upskill, especially as the world contends with the economic impact of COVID-19. PwC Middle East’s 23rd Annual CEO Survey shows that 80% of CEOs consider a shortage of skills in the workforce a potential threat to their organization’s growth prospects, while 70% of CEOs recognize that they must maximize the potential of existing staff through upskilling programs. The global pandemic has highlighted the need for resilience in today’s workforce and accelerated transformation that was already underway. This shift presents a critical opportunity for workers to utilize this time to upskill and reskill, with 96% of adults believe that learning new skills and retraining will improve their future employability, according to PwC’s 2020 New World New Skills survey.
ePac Flexible Packaging and RePurpose Technologies (RPT) have announced a partnership to effectively solve the crisis that leads to 9 out of 10 pieces of discarded plastic waste polluting our environment*. The community-based model, which can be replicated easily, provides a transparent and economically viable solution that can once and for all cure the grave problem of our overflowing landfills. By forming this partnership, ePac and RPT will create replicable recycling facilities starting in 2021 that are able to create a circular community-focused solution. The ability to track and trace every package will provide supply chain transparency to all parties in the value chain.
At EUR 1,266.5 million, the consolidated sales of the Group almost reached the previous year's level (1st half of 2019: EUR 1,275.5 million). At EUR 122.5 million, the operating result was 1.2% or EUR 1.5 million below the previous year's figure (1st half of 2019: EUR 124.0 million) and includes expenses from the termination agreement with the former CEO in the amount of EUR -8.6 million, which were booked in equal parts in the divisions. Depreciation and amortization increased from EUR 67.6 million to EUR 89.2 million, which includes market-related impairments in the long-term assets of both divisions in the amount of EUR 20.9 million. The Group's operating margin remained unchanged at 9.7% (1st half of 2019: 9.7%). The profit for the period decreased accordingly by 8.0% to EUR 84.9 million (1st half of 2019: EUR 92.3 million).
Solenis is working with a North American tissue maker to deliver continuous process improvement with autonomous chemistry control through its secure OPTIX™ Applied Intelligence artificial intelligence (AI) platform. Developed with ProcessMiner™, a leading AI platform, Solenis’ adaptive analytics system accurately learns complex variable relationships in pulp and paper manufacturing processes and yields a digital measure of product quality. Autonomous manufacturing using AI with machine learning allows for improved product quality, optimized use of raw materials and reduced water and energy consumption. Deployed at St. Croix Tissue in Baileyville, Maine, OPTIX recently enabled the mill to accomplish something that was previously impossible. Using a closed-loop controller in conjunction with OPTIX quality parameter predictions, the mill was able to control its strength chemistry autonomously to ensure optimal chemical feed and adhere to target parameters.
The 200-year-old US paper manufacturer’s Monadnock Envi PC 100 Coated Performance Board is a smooth, cool white grade that is FSC certified and made from 100% post-consumer waste recycled fibre. It is targeted at luxury packaging applications including cosmetics, fragrances, wine and spirits and high-end fashion and tech products. “The world’s leading brands have been clamouring for a sustainable, high-performing, and beautifully coated packaging material and that’s exactly what Envi PC 100 delivers,” said Julie Brannen, director, sustainability solutions at Monadnock.
According to the Joint Industry Committee for Mail (JICMail), during Q2 the average piece of direct mail was interacted with 4.58 times, an 11% increase year-on-year and a record high since JICMail began tracking mail activity in Q2 2017. Door drops also garnered record levels of consumer engagement, with the average item interacted with 3.19 times, which represents 15% growth year-on-year. Business mail, essentially addressed mail that contains some form of bill or statement, also reported higher interaction figures, up 7% to 4.87 times. The various channels all recorded significant increases in the amount of time they live in the home with all three effectively extending their life-span by a day year-on-year: DM 8.5 days; door drops 6.9 days and business mail 9.6 days.
Consumers spent $211.5 billion online during the second quarter of 2020, with e-commerce sales up 31.8% from the previous quarter, according to figures released by the Census Bureau of the Department of Commerce. E-commerce sales in the quarter accounted for 16.1% of total retail sales. The data showed that total retail sales decreased 3.6% in the same period. Compared to the year-ago period, second quarter 2020 e-commerce sales increased increased 44.5% while total retail sales decreased 3.6%.
• Second quarter comparable sales grew 24.3 percent, the strongest the Company has ever reported. • Store comparable sales increased 10.9 percent. Digital comparable sales grew 195 percent, accounting for 13.4 percentage points of Target's comparable sales growth. ° Stores fulfilled more than 90 percent of Target's second quarter sales. ° Same-day services (Order Pick Up, Drive Up and Shipt) grew 273 percent and accounted for approximately 6 percentage points of total Company comparable sales growth.
*Strengthened financial position during the quarter, ending with $2.4 billion in cash *Disciplined management of expenses and inventory resulted in positive operating cash flow *Second quarter net sales decrease (22.9%) *Second quarter diluted earnings per share of $0.30; adjusted loss per share(2) of ($0.25)
Meredith Corporation's category-leading brands—PEOPLE, Allrecipes, Better Homes & Gardens, SHAPE, Southern Living, Entertainment Weekly, FOOD & WINE and Travel + Leisure—have achieved momentous performances in audience rankings, according to the latest Magazine Media 360° Brand Audience Report produced by the Alliance for Audited Media (AAM) for June 2020, which covers 93 magazine brands and 21 publishing companies. PEOPLE, one of the world's leading entertainment media brands, ranks No. 1 in Total Brand Audience across platforms with 87.6 million, followed by Allrecipes, America's largest digital food media brand, at No. 2 with 62.5 million and Better Homes & Gardens at No. 7 with 39.4 million.
LSC Communications has been granted another extension of the deadlines set for the proposed sale of its assets. The court overseeing the printing giant’s bankruptcy proceedings approved a one-week delay in moving the deadline from when bids are due, from August 19 to August 26. In approving the extension for bids to be filed, the court moved other deadlines back by about one week. The date of the auction has been switched to September 3 from August 25, and the deadline for objecting to any sale is now September 4, rather than August 25. A hearing to consider the proposed sale is now set for September 11.
The Association of American Publishers (AAP) today released its StatShot report for June 2020 reflecting reported revenue for all tracked categories, including Trade (consumer publications), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Total revenues across all categories for June 2020 were approximately $1.4 billion, a decline of 4.1% as compared to June 2019. Year-to-date sales were $5.7 billion, a decline of 4.2% as compared to the same period last year. Trade sales were up 24.4% year-over-year, coming in at $700.3 million. Year-to-date (January-June 2020) Trade sales were $3.6 billion, an increase of 2.8%, as compared to the same period in 2019.
I am announcing today the expansion of our current leadership taskforce on election mail to enhance our ongoing work and partnership with state and local election officials in jurisdictions throughout the country. Leaders of our postal unions and management associations have committed to joining this taskforce to ensure strong coordination throughout our organization. Because of the unprecedented demands of the 2020 election, this taskforce will help ensure that election officials and voters are well informed and fully supported by the Postal Service. I want to assure all Americans of the following: *Retail hours at Post Offices will not change. *Mail processing equipment and blue collection boxes will remain where they are. *No mail processing facilities will be closed. *And we reassert that overtime has, and will continue to be, approved as needed.
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 5.1% in July after surging 8.9% in June. In July, the index equaled 109.6 (2015=100) compared with 115.5 in June. Despite July’s decline, the index was 3.3% above the recent low in May. June’s increase was revised up slightly to 8.9% from our July 21 press release. Compared with July 2019, the SA index contracted 8.3%, the fourth straight year-over-year decline. Year-to-date, compared with the same period in 2019, tonnage is down 3.2%.
The Association of Plastic Recyclers (APR) has notified Amcor that the AmPrima™ PE Plus recycle ready solution with heat-resistance has met APR’s responsible innovation requirements for moulded parts and films over three mils in thickness. Amcor’s AmPrima recycle ready solutions offer customers a more sustainable choice for their flexible packaging needs without compromising performance. AmPrima PE Plus with heat resistance was developed to meet more critical requirements for demanding applications such as flow-wraps, pouches with spouts, lidding and more. AmPrima PE Plus solutions meet all the performance expectations of non-recyclable laminates, and satisfy customers’ needs for more complex options for strength, stiffness, clarity, higher line speeds, fitments, graphics and print finishes in a recycle-ready format.
E-commerce is expected to reach $3.914 trillion globally by the end of 2020. And in order to snag a significant market share from the hundreds of thousands of competing e-commerce retailers that are just a few clicks away, differentiation is key. Direct to consumer (D2C) companies, in particular, allocate a lot of their budgets to marketing and branding — in some cases, 30 percent of sales. With consumers having more access to competitor products at their fingertips, D2C brands need to make a connection with consumers and give a reason to become a brand loyal customer. Unboxing also allows companies to showcase their brand through packaging, including their sustainability efforts.
R. R. Donnelley & Sons Company announced that its Board of Directors has approved an amendment of the Company’s stockholder rights plan (the “Rights Plan”) to extend the final expiration date under the Rights Plan to August 28, 2021. The Rights Plan had been scheduled to expire on August 28, 2020. The Board approved the one-year extension of the Rights Plan based on its determination that circumstances continue to warrant RRD maintaining the protections afforded by the Rights Plan. The Board noted that, given the Company’s depressed stock price and the impact of the COVID-19 pandemic on the Company’s business and on financial markets, there is heightened potential for one or more persons or groups to gain undue influence over or control of RRD through open market accumulation or other tactics. The Rights Plan does not prevent any action the Board determines to be in the best interest of the Company and its stockholders.
Aug. 18, 2020, marks the 100th anniversary of the ratification of the 19th Amendment to the U.S. Constitution, which granted women the right to vote. It took women’s suffrage activists nearly 100 years to win that right, and the campaign wasn’t easy. But like other movements to create social and political change, it could not have been done without paper. Paper played an essential role in getting the amendment written and passed. First, there was the original newspaper ad announcing the first women’s rights convention. Countless leaflets, letters, newspaper clippings and other documents later, there was The History of Women’s Suffrage. Scholars have stayed busy over the last century telling the story of a journey to create social and political change that has benefitted generations of women — and set the stage for future movements to ensure all Americans have the right to vote. click read more below for the rest of the story
Mondi is supplying zooplus with a pre-made FlexiBag Recyclable and BarrierPack Recyclable form-fill-and-seal (FFS) reel material, which are both certified recyclable by the Institute cyclos HTP which specialises in the classification, assessment and certification of recyclability of packaging. While seeking greater recyclability for its packaging, the online retailer was not willing to compromise on any performance properties, including barrier protection, or aesthetics. Mondi’s materials provide all the necessary barrier properties to protect against the unwanted transmission of moisture, oxygen and odours with a high premium look and feel. Mondi’s expertise made it possible to maintain the desired aesthetics on the packaging, so that the previously metallised highlights on the label and in the eyes of the wolf are also recyclable.
The United States Postal Service filed notice with the Postal Regulatory Commission of a temporary price change to take effect Oct. 18, 2020. The planned temporary price adjustments are in response to increased expenses and heightened demand for online shopping package volume due to the coronavirus pandemic and expected holiday ecommerce. As a result of these changing market conditions, the Postal Service is planning a time-limited price increase on all commercial domestic competitive package volume from Oct. 18 until Dec. 27, 2020. Retail prices and international products will be unaffected. The planned price increase would go into effect at 12:00AM Central on Oct.18, 2020 and remain in place until 12:00AM Central Dec. 27, 2020.
Many banks, utilities, telecoms and other service providers continue to encourage (and sometimes force) their customers to switch from paper to electronic communications, using claims that electronic communication is “greener,” “saves trees” or “protects the planet” as justification. One can only conclude that the CEOs of these companies are either 1) misinformed about the inherent sustainability of print and paper, the rapidly expanding environmental footprint of digital communications or both, 2) trusting marketing teams who don’t bother to validate environmental claims or 3) seeking to save costs by ignoring established environmental marketing rules from the U.S. FTC and Canadian Standards Association that say marketers “should not make broad, unqualified environmental benefit claims like “green” and that “claims should be clear, prominent and specific.” There’s no arguing that the use of electronic devices has exploded over the last decade. According to a 2019 study by the Pew Research Center, the vast majority of Americans (81%) now own smartphones, up from just 35% in 2011. Nearly three-quarters of U.S. adults now own desktop or laptop computers, and roughly half now own tablets and e-readers. This boom has resulted in many advances that make our lives more efficient, productive and enjoyable. But it has also brought with it serious and increasing environmental, health and economic consequences.
The Home Depot® reported sales of $38.1 billion for the second quarter of fiscal 2020, a 23.4 percent increase from the second quarter of fiscal 2019. Comparable sales for the second quarter of fiscal 2020 were positive 23.4 percent, and comparable sales in the U.S. were positive 25.0 percent. Net earnings for the second quarter of fiscal 2020 were $4.3 billion, or $4.02 per diluted share, compared with net earnings of $3.5 billion, or $3.17 per diluted share, in the same period of fiscal 2019. For the second quarter of fiscal 2020, diluted earnings per share increased 26.8 percent from the same period in the prior year.
Driven by strong sales from a host of new titles, unit sales of print books jumped 24.8% in the week ended Aug. 8, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan. The biggest gain came in the young adult fiction segment, where unit sales skyrocketed 168.8% over the week ended Aug. 10, 2019. The category received a huge boost from the release of Stephenie Meyer’s Midnight Sun, which sold more than 524,000 copies in its first week. The juvenile fiction segment had an 18.8% gain over 2019, led by a new Jeff Kinney title, Rowley Jefferson’s Awesome Friendly Adventure, which sold nearly 46,000 copies in its first week. Two new releases drove up sales in the adult nonfiction category 23.1% over 2019.
Following the House Antitrust Subcommittee’s capstone digital markets hearing, “Online Platforms and Market Power, Part 6: Examining the Dominance of Amazon, Apple, Facebook, and Google,” three groups representing thousands of authors, publishers, and booksellers in the United States – the Association of American Publishers, Authors Guild, and American Booksellers Association – have sent a joint letter to Subcommittee Chairman David Cicilline (D-R.I.) enumerating a series of anti-competitive tactics that permit Amazon to exercise extraordinary market dominance over the advertising and sale of books in digital markets. Its practices against both book suppliers and book customers have threatened the vitality of the American publishing industry and rendered any meaningful competition from other publishers, booksellers, or emerging platforms impossible. “The Subcommittee’s work has shown that Amazon holds an outsized position of power and control in our country, giving it the ability to interfere with the free flow of information, ideas and literature on a large scale,” the letter tells the Chairman. The full letter can be viewed at: https://publishers.org/wp-content/uploads/2020/08/Joint-Letter-to-Rep-Cicilline-081720.pdf
Fiscal 2020 Full Year Highlights • GAAP net income of $612 million and earnings per share (EPS) of 38.2 cents per share; • Bemis integration well ahead of original expectations. Pre-tax synergy benefits of $80 million delivered; • Adjusted free cash flow of $1.2 billion, up 26%; • $500 million share buy-back completed. Shares on issue reduced by 3.5% during the year; and • Fiscal 2021 outlook: constant currency adjusted EPS growth of 5-10%. Adjusted free cash flow of $1.0-$1.1 billion.
Smurfit Kappa Colombia has announced a new alliance with the World Wildlife Fund (WWF) Colombia to highlight the protection and conservation of forests in the country. Under the new partnership, both organisations will work together to restore, expand and protect forests and ecosystems that are the habitat of several species of flora and fauna. Commenting on the new alliance, Juan Guillermo Castaneda, CEO of Smurfit Kappa The Americas, said: “This new alliance is further proof that sustainability is at the core of our business and that Smurfit Kappa has a deep commitment to the circular economy and contributing to the communities in which we operate.”
Flint Group, a leading provider of consumables and equipment for the global packaging industries, has announced a series of key investment actions in its Russian packaging inks business to further extend support to customers in the region. Doug Aldred, President Flint Group Packaging Inks, said: “As one of the largest packaging markets in the world, Russia holds significant growth opportunities for our business. We’re delighted to announce a series of strategic commitments to the region to ensure our current and future customers are receiving best in class product and service solutions.” With a presence in the Russian market spanning more than 25 years, the company has confirmed that a new packaging inks manufacturing site is currently under construction, conveniently located south west of Moscow in the Kaluga region.
Just on the heels of closing its Walton, Ky., printing plant the end of July, Arandell Holdings announced that the printing company, along with all its subsidiaries, voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on Aug. 13. According to the Menomonee Falls, Wis.-based catalog printing specialist — which serves U.S. retailers and online merchandisers — Arandell has sufficient liquidity to continue operating its business. “Given fundamental changes in the industry resulting from COVID-19 and other factors, company management is taking proactive and aggressive steps to improve the organization’s overall business framework, while continuing to pursue new business opportunities,” Brad Hoffman, Arandell’s chairman, president, and CEO, said in a prepared statement.
Total boxboard production in July decreased seven percent compared to July 2019. It was down two percent when compared to the same seven months of 2019. The boxboard operating rate was 90.4 percent, down 3.3 points from July 2019 and essentially flat (+0.3 pts.) year-to-date. Solid Bleached Boxboard production in July decreased 15 percent compared to July 2019. It was down five percent when compared to the same seven months of 2019. Recycled Boxboard production in July decreased seven percent compared to July 2019. It was down one percent when compared to the same seven months of 2019. Unbleached Kraft & Gypsum production in July increased two percent compared to July 2019. It was up one percent when compared to the same seven months of 2019.
Total containerboard production in July remained essentially flat (-0.2 percent) compared to July 2019. It was up four percent when compared to the same seven months of 2019. July 2020 production of containerboard for export decreased seven percent compared to the same month last year; it was up 28 percent year-to-date. The containerboard operating rate was 89.4 percent, down 1.6 points from July 2019 and up 3.1 points year-to-date. Mill inventories of containerboard at the end of July decreased 7,000 short tons from the previous month and were up 67,000 short tons compared to July 2019.
Total packaging papers & specialty packaging shipments in July increased seven percent compared to July 2019. They were up three percent when compared to the same seven months of 2019. The operating rate was 84.5 percent, up 2.2 points from July 2019 and down 0.7 points year-to-date. Mill inventories at the end of July decreased 1,000 short tons from the previous month and were up 17,000 short tons compared to July 2019.
According to the report, total printing-writing paper shipments decreased 26 percent in July compared to July 2019. U.S. purchases of total printing-writing papers decreased 24 percent in July compared to the same month last year. Total printing-writing paper inventory levels decreased five percent when compared to June 2020. Uncoated free sheet (UFS) paper shipments decreased 22 percent compared to July 2019 while the inventory level decreased four percent compared to June 2020. UFS imports and exports both decreased compared to June 2019, down 14 percent and 36 percent respectively. U.S. purchases of coated free sheet (CFS) papers in July decreased 14 percent compared to last July while the inventory level decreased four percent compared to June 2020. CFS imports and exports both decreased compared to June 2019, down 22 percent and 29 percent respectively. Coated mechanical (CM) paper shipments decreased 46 percent compared to July 2019 while the inventory level decreased eight percent compared to June 2020. CM imports decreased 67 percent while exports increased 39 percent in June 2020. U.S. purchases of uncoated mechanical (UM) papers in July decreased 27 percent compared to last July while the inventory level decreased 19 percent compared to June 2020. UM imports and exports both decreased compared to June 2019, down 48 percent and 59 percent respectively.
Royle Printing is pleased to announce Stacie Pike has joined the team as an Inside Sales Representative. Pike spent the majority of her printing career at nearby Arandell Corporation, where for the last 18 years she dedicated her time collaboratively developing sales support efforts to drive expansion and growth of the catalog business. During her time there, Pike supported the sales team as a Sales Support Specialist. In 2011 she was promoted to Sales Administration Manager, serving as an integral part of the sales and marketing team where drove process improvement and client engagement.
HIGHLIGHTS • Pulp sales of 2,778 thousand tons (+25% vs. 2Q19). • Pulp inventory reduction of approximately 220 thousand tons. • Paper sales of 235 thousand tons (-22% vs. 2Q19). • Average net pulp price - Export Market: US$470/t (-25% vs. 2Q19). • Average net paper price5 of R$4,330/ton (+7% vs. 2Q19). • Pulp cash cost ex-downtime of R$599/ton (-14% vs. 2Q19). • Capture of operating synergies in line with planning.
Commenting on the January to June results, Chris Duncan, CEO of UK Publishing, said: “Bauer Media continues to be at the forefront of the UK consumer magazine industry, publishing audited circulation figures as a matter of record and providing full transparency for our commercial partners. We are reporting ABCs for the full, uninterrupted January to June 2020 period which reflect the unique circumstances in which we have traded. While our traditional supply-chain experienced massive disruption during lockdown, the demand for our products remained strong and even increased in some markets. We saw home delivered and digital copies grow through our subscriptions channels, and sales in independent shops rise as more of our readers sought out copies closer to home.
Tribune Publishing, owner of New York's Daily News and Capital Gazette, among other titles, announced it will permanently close the newsrooms of both newspapers. Staffers will work offsite. The Daily News will close its newsroom at 4 New York Plaza in Lower Manhattan with no plans for a future physical office, The New York Times reports. Workers have until Oct. 30 to collect items left in the office.
‘Chichibu Mayu’ means ‘cocoon-shaped marshmallow’ in Japanese and is the name of the world’s first forest-born sweets to achieve SGEC/PEFC certification. The forest sweets are made from the sap of maple trees grown in the SGEC/PEFC-certified municipal forests of Chichibu in Saitama, Japan. The forest-born sweets are produced by Chichibu Nakamuraya, a company that has been operating in Chichibu since 1924, and were put on the market this June by Mori for Forest Certification Inc. (MFC). The packaging of the sweets carries both the MFC and SGEC/PEFC labels.
CVS reported a 10-fold increase in prescription deliveries after they waived fees, as health insurance companies encouraged consumers to sign up for 90-day mail-order prescriptions to avoid running out of their medications. The surge created a serious challenge for pharmacy benefit managers (PBMs): how to quickly ship prescriptions to patients, meet government requirements for pharmaceutical packaging, and improve sustainability in the process. What can PBMs do to meet the increased demand while protecting prescriptions with the correct packaging? Here’s what to know. click read more below for the rest of the article
A judge in British Columbia has granted Northern Pulp creditor protection until the end of 2020 and approved an interim financing agreement that will see the mill receive $15 million from third-party lenders. Justice Shelley Fitzpatrick delivered her decision Thursday in B.C Supreme Court via teleconference following two days of arguments. The ruling means the mill, which was facing a cash crunch, now has the liquidity to get it to the end of the year as it works toward completing environmental cleanup work required by the Nova Scotia government at a site in Pictou County and works on a restructuring effort in hopes of eventually reopening the operation.
National Average Price for Regular Unleaded Current: $2.178; Month Ago: $2.198; Year Ago: $2.642. National Average Price for Diesel Current: $2.426; Month Ago: $2.438; Year Ago: $2.958.
American Dollar to Canadian Dollar = 0.754710; American Dollar to Chinese Yuan = 0.143901; American Dollar to Euro = 1.181447; American Dollar to Japanese Yen = 0.009375; American Dollar to Mexican Peso = 0.045099.
Now more than ever, amidst a global pandemic, people are leaving crowded cities and opting for a more suburban lifestyle where housing is more affordable, the risk of human interaction is less, and working from home is the new norm. Irrespective of what we’re seeing in recent months however, people are always moving. As marketers, it’s important that we follow our customers and greet them at their new home with the right content, since often times, a move can be a trigger for a purchase event. Working with several home furnishing brands, we are creating impactful and interesting new mover programs to stand out from more traditional mailings and to cater to their life event. This mail piece is a strong brand statement and will highlight a discount offer separate from other sales that may occur during that timeframe. Our clients are experiencing great success by creating content and messaging relevant to this new life event. In addition, we also take it step further – we identify the pre-movers. click read more below for the rest of the story
We all have our favorite marketing campaigns. Brilliant creative and flawless execution make them both memorable and compelling. Most of us can probably recite copy and tag lines from our favorites with little effort. Great campaigns stick with us long after they’ve run their course. But ultimately, the success of any marketing campaign is measured not by how memorable it is, but by how well it achieves its objective. Marketing campaigns can include a variety of elements: advertising, promotion, merchandising, public relations and social media. They can be splashy and costly or subtle and inexpensive. Big budgets don’t automatically guarantee success. Some of the most effective campaigns cost relatively little to produce and run. Marketing campaigns support a number of objectives. The most common types of campaigns include: click read more below
Lancaster, Pa.-based Intellicor Communications purchased the assets of the former Cadmus operations in Lancaster, Pa., and in Hurlock, Md., from Cenveo Worldwide on Aug. 8 — effectively marking the final chapter for the storied Cadmus Communications name in the printing industry. In May, Stamford, Conn.-based Cenveo — which appears to be focusing less on commercial printing and more on its label printing and envelope manufacturing businesses — had shuttered the over-century-old Cadmus printing facility, located on Byrdhill Road in Richmond, Va., impacting 184 workers.
In the world of electronics and digital, new records are set every day. Speed, size, image resolution, connectivity, simplicity – with every new launch or software update, performance parameters are increased and limits pushed further. It’s got to the point where there are no surprises in the digital industry. Indeed, the only surprise would be if a device managed to lower its performance or increase in size. However, one record the electronics industry won’t be proud to break is its own size of e-waste. In 2019, the industry was responsible for a gigantic 53.6 million metric tonnes (Mt) of e-waste across the world. That’s equivalent to the weight of 350 cruise ships the size of the Queen Mary 2, and up by an alarming 21% over the past five years. Even more troubling is the fact that, at the current rate, global e-waste will reach 74 Mt by 2030, almost double the 2014 figure. These figures make e-waste the fastest-growing domestic waste stream in the world – a fact that should make everyone take a very different look at their devices.
Brooks Brothers has agreed to be acquired for $325 million by Sparc Group, a venture backed by the mall giant and apparel-licensing firm Authentic Brands Group. As part of the agreement, Sparc Group, which has previously acquired Aéropostale, Forever 21, Nautica and recently bid on Lucky Brand, has committed to keeping at least 125 Brooks Brothers stores open. The retailer has about 200 stores in North America. The sale is subject to bankruptcy court approval. The 200-year-old Brooks Brothers, the nation’s oldest apparel company, filed for bankruptcy in July. While the pandemic has taken a heavy toll on sales as its stores went dark, the retailer has been struggling for some time under a heavy debt load, increased competition and the move to more casual workwear.
Details on the Company’s Chapter 11 process and go-forward strategy are as follows: The Company expects to close a significant portion, if not all, of its brick-and-mortar stores and, in connection therewith, the Company has launched a store closing and liquidation process. The Company, however, will continue to operate its business in the ordinary course in the near term; and The Company is evaluating any and all strategic alternatives, including the potential sale of its eCommerce business and related intellectual property.
Time Out will likely cease printing most of its 40 magazine editions based in cities worldwide. The company plans to continue printing the magazine in London, Madrid and Barcelona, Time Out Group CEO Julio Bruno told the Financial Times. However, the group is “unlikely” to resume printing in the US and Portugal, according to the report. Other territories are “under review by management.”
REI Co-op announced it is pursuing a sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, Washington with the intention of shifting to a less centralized approach to its headquarters presence in the Seattle area. Rather than a single location, REI’s “headquarters” would span multiple locations across the region, and the company will lean into remote working as an engrained, supported, and normalized model for headquarters employees, offering flexibility for more employees to live and work outside of the Puget Sound region and shrinking the co-op’s carbon footprint.
• Revenue decreased 9.4% to $267.8 million primarily due to a decrease in volume/mix and lower selling prices. The decrease in volume/mix was primarily due to the net impact of COVID-19 on demand. • Gross margin decreased to 21.1% from 21.9% primarily due to the unfavorable impact of unabsorbed overhead costs related to production slowdowns in the second quarter of 2020 to manage inventory levels at facilities that experienced COVID-19 related declines in demand, partially offset by a net decrease in all other plant-related operating costs driven by cost savings initiatives. • Net earnings attributable to the Company shareholders ("IPG Net Earnings") increased $8.3 million to $14.8 million ($0.25 basic and diluted earnings per share) primarily due to (i) a gain resulting from a fair value adjustment to the Company's contingent consideration related to the Nortech Acquisition(2) , (ii) a decrease in selling, general and administrative expenses ("SG&A") mainly driven by decreases in travel expenses and variable compensation both related to the impacts of COVID-19, and (iii) a decrease in income tax expense mainly driven by the non-recurrence of the Proposed Tax Assessment(3) recorded in the second quarter of 2019. These favourable impacts were partially offset by a decrease in gross profit.
SmartLife uses a combination of top class filling-performance diagnostics and practical training in order to identify opportunities for improvement within the supply chain that will ultimately increase the shelf-life of Bag-in-Box wines. This diagnostic process provides a unique opportunity for customers to benchmark the oxygen level of their product against Smurfit Kappa’s unique worldwide oxygen database. Speaking about the new service Patrick Vuchot, Scientific Director of Smurfit Kappa Bag-in-Box, said: “We have capitalised on our 40 years of expertise as market leader in Bag-in-Box solutions to create SmartLife.
Fiscal 2020 fourth quarter revenues were $611 million, a decline of 22 percent from the prior year period, due primarily to (1) COVID-19 related advertising cancellations and delays that reduced revenues by an estimated $136 million; and (2) Previously announced magazine portfolio adjustments designed to improve profitability that reduced advertising and consumer related revenues by approximately $40 million. Fiscal 2020 fourth quarter earnings from continuing operations was $6 million, compared to a loss of $4 million in the prior year period. Fiscal 2020 full year revenues were $2.8 billion, a decline of 11 percent from the prior year due primarily to (1) COVID-19 related advertising cancellations and delays, and impact to consumer related activities that reduced revenues by an estimated $154 million; (2) Previously announced magazine portfolio adjustments of approximately $126 million; and (3) $79 million lower political advertising revenues in Meredith's Local Media Group, as expected in a non-political year. These declines were partially offset by $31 million retransmission growth. Fiscal 2020 full year loss from continuing operations was $209 million, compared to earnings from continuing operations of $129 million in the prior year, due primarily to non-cash impairments of goodwill, intangible, and lease-related assets.
The development of sustainable packaging solutions is not a new endeavor at Sun Chemical but has accelerated in the past ten years as awareness of environmental issues has dramatically increased, as has the demand for cutting and recycling household waste and reducing carbon emissions and other pollutants. Consequently, Sun Chemical has organized a Corporate Sustainability Committee to further strengthen its approach to addressing the sustainability needs of the packaging industry. Comprised of eight executive leaders, including Myron Petruch, Carlo Musso, Chris Parrilli, Fernando Tavara, Robert Fitzka, Greg Hayes, Russell Schwartz, and Jim Van Horn, the Corporate Sustainability Committee will work together to guarantee company-wide engagement in sustainability initiatives and will build and oversee the company’s sustainability strategy, ensuring that proper resources are assigned for timely and effective implementation.
*Operating profit for January-June was SEK 1 170 million (January-June 2019: 1 217). Price decreases and production curtailments in paper had a negative impact on profit, which was largely offset by higher profit from paperboard and forest. *Compared with the first quarter, operating profit decreased by SEK 86 million to SEK 542 million as a result of lower demand for paper caused by COVID-19. Profit for paperboard and wood products increased. *Profit after tax for January-June amounted to SEK 902 million (954), which corresponds to earnings per share of SEK 5.6 (5.7).
The self-assessment results, have exceeded internal expectations and positions the operation as a leader in sustainable practices, evidenced by a low environmental footprint. Unfortunately, current Covid-19 restrictions have prevented an on-site verification process from taking place, however members of the SAC are invited to connect via the Higg portal to view the results and engage with us further in this regard. The Higg FEM is part of the Higg Index suite of tools that was developed by the SAC to allow the apparel industry to measure their sustainability performance. Sappi joined the SAC in February 2019 and remains a committed member of the organisation, being a participant in many of the SAC events and engaging in ongoing discussions on how to enhance the tools on offer.
The nearly 50-year-old kitchenware retailer, which filed for bankruptcy in July and said it would close over 50 of its 121 stores, has been sold for nearly $89 million to a joint venture between e-commerce investment firm CSC Generation and Marquee Brands LLC. The sale, which is still subject to bankruptcy court approval, was first reported by The Wall Street Journal. According to court documents, the joint venture plans to keep at least 50 Sur La Table stores open.
The Postal Regulatory Commission marks 50 years of public service in its mission to ensure transparency and accountability of one of our Nation’s most valued treasures rooted in the Constitution — the U.S. Postal Service. President Richard M. Nixon signed into law the Postal Reorganization Act of 1970 on August 12 of that year. This momentous legislation would transform the Post Office Department into a newly independent Postal Service the following year. Yet the law immediately created the Postal Rate Commission as the 1970 Act ended the role of the U.S. Congress in setting stamp prices. Later, with passage of the Postal Accountability & Enhancement Act of 2006, the agency was renamed the Postal Regulatory Commission as part of significantly expanding its responsibilities. For half a century, the Commission has been the regulatory anchor providing legal and economic oversight of the one agency that touches the lives of all Americans in every community nearly every day, at their homes and offices. Ever since Congress and President Nixon created it on August 12, 1970, the Commission has consistently conducted its work in an open and accessible way, with full transparency and an opportunity for robust input by the public. The agency's operations on behalf of its fellow citizens foster a vital and efficient universal mail system.
In response to significant growth of their customer base, Rootree Inc., Canada’s leader in sustainable digital flexible packaging, opened a second location in Montréal, Québec, and also moved their head office from Hamilton, Ontario to Burlington, Ontario. Over the past year, Rootree Inc.’s customer base has rapidly grown across North America. In order to continue to provide quality service for sustainable digital flexible packaging, Rootree Inc. opened a second location in Montréal, Québec to serve their French-speaking and Québec-based clients more effectively. The expansion allows Québec and East Coast-based Canadian and US clients to: *communicate with bilingual sales representatives, *access Rootree Inc.’s offices and showrooms from a more central location, and *receive sample deliveries in less time.
As shoppers demand products that are better for the environment, retailers can’t help but take notice. In fact, the consumer packaged goods industry has already started to reap the rewards. In just five years, 50 percent of their growth was attributed to a rise in sustainable products. Even so, 78 percent of consumers think companies need to do more for the environment. To capture a portion of the money consumers are now spending toward sustainable companies, it’s time companies reevaluate their practices. But the question is, how? Sustainable practices allow companies to connect with consumers and improve their bottom line — all at the same time. Plus, retail logistics go a long way toward demonstrating to customers that you’re doing right by the environment.
“Though Democrats and Republicans disagree about many things in an election year, members in both parties and in nearly all states support having a paper record of some kind to ensure that election results are accurate,” says Tom Howard, vice president of government relations for Domtar. In 2018, Congress approved $380 million to assist states in improving the security of federal elections. Legislators gave states flexibility in spending but sent clear signals about the importance of having a voter-verified paper record of every vote. Those paper records would be valuable in case a post-election audit is needed to ensure that voting machines produced accurate results.
As we look to celebrate our 90-year anniversary in 2021, we will be going back to our roots to focus on what we do best: making the most enduring and beautiful papers in the world. In that spirit, the Mohawk management team is committed to reshaping our business to meet the evolving needs of the market to ensure sustainable and profitable growth. Mohawk will refocus our product portfolio leading with beautifully crafted & differentiated products that have defined Mohawk for decades. Effective immediately, we will begin to phase out and discontinue the sales and marketing efforts for: • Mohawk Specialty Digital portfolio which includes all Polyesters, PVC, Synthetic Paper, and PaperTyger® products • Chromolux portfolio from Zanders • Mohawk Everyday Digital Gloss & Silk • Mohawk Loop Silk Coated • Mohawk ProPhoto • And a number of slow-moving items for both paper and envelopes. Contact your Midland Paper, Packaging & Supplies sales professional for additional information.
As districts grapple with decisions on what the fall will look like for teachers and students amid the surging COVID-19 pandemic, Learning Company Houghton Mifflin Harcourt today announced new professional learning opportunities for educators nationwide. This follows the recent launch of Teacher’s Corner™, a new online space for continuous professional learning through HMH’s digital teaching and learning platform, Ed: Your Friend in Learning and another solution within HMH’s suite of professional learning offerings. HMH’s all-new live online professional learning will help districts navigate the unique challenges facing them this back-to-school season, including addressing student learning gaps, training for remote teaching, supporting social-emotional needs and improving equity and access. Professional learning consultants, who are teachers themselves, provide a digital ‘shoulder to shoulder’ experience partnering with educators via live online courses and coaching through HMH’s award-winning Coaching Studio™ platform, with a focus on each district’s needs and goals.
Meredith Corporation launches its Meredith Data Studio, a suite of advertising solutions leveraging the company's vast, proprietary, first-party data and predictive insights capabilities to help inform its partners' marketing, product and business strategies. The offerings feature full-service data solutions, predictive analytics, paid consulting and self-service tools, all powered by Meredith's 360 platform, an end-to-end audience insights and activation platform designed for managed or self-service access, as well as predictive capabilities to analyze billions of intent signals and engagements to trends and purchase intent in order to deliver precisely targeted audience and contextual advertising. "As a brand-led organization that reaches nearly 95% of American women, Meredith possesses rich, exclusive data with massive scale in content-rich environments. Using those assets, we've built an exclusive, in-depth 12,000+-term taxonomy, a proprietary identity graph and over 12 billion intent signals to achieve an unmatched, comprehensive and timely understanding of women and their purchase intent – the holy grail for our partners," explains Alysia Borsa, Chief Business & Data Officer, who oversees Meredith Data Studio.
The new organization will align functions based on core business operations and will provide more clarity and focus on what the Postal Service does best; collect, process, move and deliver mail and packages. The new organizational structure is focused on three business operating units: *Retail and Delivery Operations — basic mission: Accept and deliver mail and packages efficiently with a high level of customer satisfaction. This organization will be led by Kristin Seaver. *Logistics and Processing Operations –— basic mission: Process and move mail and packages efficiently to the delivery units, meeting service standards. This organization will be led by David Williams. *Commerce and Business Solutions — basic mission: Leverage infrastructure to enable growth. This organization will be led by Jacqueline (Jakki) Krage Strako.
Graphic Packaging Holding Company announced that International Paper has notified the Company of its intent to continue the monetization process of its ownership interest in Graphic Packaging International Partners, LLC (the "Partnership"). Per the agreement, the Partnership will purchase approximately 17.4 million partnership units from International Paper for $250 million. As a result, Graphic Packaging's ownership interest in the Partnership will increase from approximately 81.1% to 85.5%. The purchase will be funded with cash on hand and a draw on the domestic revolving credit facility.
Sealed Air Corporation has announced it has signed a collaboration agreement with Plastic Energy, an industry-leading company in advanced recycling technology. Additionally, Sealed Air has made an equity investment in Plastic Energy Global, the parent company of Plastic Energy. Plastic Energy Global was established in 2012 with the goal of creating a circular economy for plastics by diverting plastic waste away from landfills and oceans. Headquartered in London, the company has two operations in Spain and projects developing in Western Europe and Asia, with a vision for 50 new facilities over the next 10 years. "We’re excited to join forces with Plastic Energy to innovate faster and accelerate the development of new technology that eliminates waste and ensures a circular economy for plastics,” said Ted Doheny, Sealed Air President & CEO. “This collaboration will help us meet our 2025 sustainability pledge and lead the way in transforming our industry.”
On Friday, FPAC submitted some perspectives and recommendations to the federal government’s 2021 Pre-Budget Consultations to outline how Canada can leverage the power of sustainable forest management and innovation to kick start economic recovery in Canada’s rural and northern communities. “Our commitment to sustainable forest management and keeping our forests as forests forever combined with our innovative workforce and products puts Canadian forestry in the driver’s seat of being able to help drive economic recovery in some 600 northern and rural Canadian communities,” said FPAC President and CEO Derek Nighbor. “From sustainably-sourced Canadian pulp for PPE to using wood waste to make biomaterials and biofuels to beautiful and carbon-storing wood buildings that architects and engineers the world over are turning to – we have a huge opportunity to unlock the potential of Canadian forestry and forest products to help Canada build back better and spur much needed economic recovery,” Nighbor added.
The platinum rating is a new category rating for CSR performance and this award puts Mondi in the top 1% of companies in its industry, a position it has held since 2015. EcoVadis, the global business sustainability ratings organisation, annually assesses companies’ performance on international sustainability standards1 covering four key areas: environment, labour and human rights, ethics, and sustainable procurement. Mondi’s overall score of 82% for 2020 is up from 78% in last year’s assessment, with 90% in the Environment and Labour & Human Rights categories. "Sustainability is core to Mondi’s approach, whether that’s providing sustainable packaging and paper solutions for our customers, looking after our people and communities, or promoting biodiversity in our forests. To be recognised by EcoVadis as an industry leader is testament to our dedication across the value chain and the action we are taking to deliver the UN SDGs as we look towards a more sustainable future." Gladys Naylor, Group Head of Sustainable Development at Mondi
Sappi Europe received a platinum score in the latest EcoVadis rating. The leading global provider of sustainable woodfibre products and solutions retained its top position from the previous year among the leading one per cent of all companies assessed which exhibit high activity and responsibility with regard to corporate social responsibility (CSR). •Sappi Europe receives top rating for sustainability •Unlocking the power of renewable resources to benefit people, communities and the planet. As part of its clear strategic goals in relation to sustainability and environmental protection, Sappi reached a new milestone. The market leader in environmentally friendly packaging and graphic papers received a platinum score in this year’s sustainability rating from EcoVadis, establishing itself as one of the top performers, with a score well above the overall average. The EcoVadis rating covers a total of 21 criteria, which in turn are divided into four general areas: environment, labour and human rights, ethics and sustainable procurement.
The coronavirus pandemic’s demand-shock, brick-and-mortar store closures and stay-at-home orders have upended retail sales. As total spending declines, online spending is projected to surge by 18% in 2020, reflecting the impact of new buyers joining the online retail space as a result of the pandemic. With ecommerce expected to reach 14.5% of total retail sales this year – both an all-time high and the biggest ever share increase in a single year* – the findings of Two Sides’ recent U.S. Packaging Preferences Survey provide brand owners with valuable insights into consumers’ current thinking on packaging materials, online shopping and related behavior. *More than half of consumers (57%) prefer products ordered online to be delivered in paper/cardboard packaging, and two-thirds (66%) believe paper/cardboard packaging is better for the environment than other types of packaging. *70% of consumers prefer products ordered online to be delivered in appropriate fitting packaging, i.e., not too big for the size of the product inside. click read more below for additional insights
Financial and Business Highlights: *Gross revenue was $203.3 million in the second quarter of 2020, a decrease of 28.4% compared to $283.9 million in the second quarter of 2019. *Gross profit was $48.4 million, or 23.8% of gross revenue in the second quarter of 2020, compared to $68.4 million, or 24.1% of gross revenue, in the same period of last year. *Net loss for the second quarter of 2020 was $(7.9) million, or $(0.15) per diluted share, compared to net loss of $(0.5) million, or $(0.01) per diluted share in the second quarter of 2019. Year-to-date net loss was $(10.8) million, compared to $(2.6) million in the same period of 2019.
Chatham Asset Management, LLC announced that Tony Hunter will become Chief Executive Officer of The McClatchy Company, following the local news company's emergence from Chapter 11 and the completion of its Court-approved sale to Chatham, in September. Mr. Hunter will succeed Craig Forman, McClatchy's CEO, who along with the current board and Chairman Kevin McClatchy, will leave the company upon McClatchy's emergence from its court-supervised reorganization.
Since going online and rebranding as Time In in the early days of the COVID-19 pandemic, Time Outis releasing its first print issue on August 11, dedicated to the memory of Time Out’s founder Tony Elliott. Elliott launched Time Out as an eight-page listings guide he handed out himself in London 52 years ago. He died in July from lung cancer. Since launching in London in 1968, the brand has expanded to include 328 cities in 58 countries, and continues to expand its Time Out Market experience with locations in Lisbon, Montreal, New York, Chicago, Boston and Miami.
Another week with double-digit gains in all but one category led to a 15.1% jump in unit sales of print books from the comparable period in 2019 at outlets that report to NPD BookScan. The juvenile nonfiction segment had the biggest gain over the week ended Aug. 3, 2019, with units spiking 40%. The usual suspects were atop the category bestseller list in the week—Big Preschool Workbook was #1, selling nearly 33,000 copies, followed by Crystal Radke’s My First Learn-to-Write Workbook, which sold more than 28,000 copies. Last year at this time, Big Preschool Workbook sold nearly 14,000 copies. Print unit sales were up 18.9% over 2019 in the adult nonfiction category.
The Postal Service reported total revenue of $17.6 billion for the third quarter of fiscal 2020, an increase of $547 million, or 3.2 percent, compared to the same period last year. Compared to the same quarter last year, Marketing Mail revenue declined by $1.4 billion, or 37.2 percent, on a volume decline of 6.4 billion pieces, or 36.4 percent. First-Class Mail revenue decreased by $373 million, or 6.4 percent, on a volume decline of 1.1 billion pieces, or 8.4 percent. Secular declines in mail have continued to negatively affect mail revenue and volume, and those declines have been significantly exacerbated by the effects of the COVID-19 pandemic. Meanwhile, Shipping and Packages revenue increased by $2.9 billion, or 53.6 percent, on a volume increase of 708 million pieces, or 49.9 percent, compared to the same quarter last year. In the near term, the Postal Service anticipates that these trends will continue given the surge in e-commerce as many Americans stay home due to the COVID-19 pandemic. The Postal Service has and will continue to serve its customers during this crisis through the delivery of medicine, essential consumer staples, benefits checks, and important information, but does not expect its package revenue growth over the medium to long term to make up for its losses in mail service revenue caused by COVID-19.
INX International Ink has increased the price of all solvent inks and coatings for its North America customers, effective September 1. The company’s management made this decision despite efforts to absorb costs. The expense to manufacture solvents, especially alcohols used in the production of critical sanitizers and medical initiatives to fight the virus, has risen sharply this year. ‘We regret needing to take this action, but it is something that is beyond our control,’ said Ron Deegan, INX International’s senior vice president of sales for North America. ‘We have worked very hard to secure our supply of solvents, even as the increased demand has put unprecedented pressure on the global solvent supply.
Second Quarter Financial Results Highlights *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $13.3 million was $5.3 million lower than the second quarter of 2019 *EBITDA from ongoing operations for PE Films of $15.3 million was $4.2 million higher than the second quarter of 2019 *EBITDA from ongoing operations for Flexible Packaging Films of $6.5 million was $3.6 million higher than the second quarter of 2019
The Virtual Inkjet Summit, taking place August 17, 18, 20, and 25, is a conference dedicated to the latest developments in inkjet printing. The targeted event program covers the latest technology offerings, navigating and addressing segment challenges, current economics, and strategies for critical decision-making criteria when it comes to production inkjet printing investments. The deadline to register is August 12 and can be done online at www.ijsummit.com/attend. The Virtual Inkjet Summit goes beyond simply broadcasting content sessions online. The 2020 event offers attendees: *Free educational programming with simple sign-up. *Expert analysis. From emerging trends to next-generation technology that is transforming the commercial, in-plant, transactional, and publishing industries. *User case studies. Users and solution providers will share stories about technology integration in sessions. *Access to the Solutions Showcase & Meeting Zone.
Microsphere Removable • Microsphere removable comes in matte white, matte clear or gloss white finishes with a 90# layflat polycoated paper liner. *Also available in Augusta matte white embossed finish. • Available in 4, 6 and 8 mil vinyl facestock options rated for <3 years of outdoor use. • Suitable for short term indoor and outdoor applications, clean removability <1 year. High-Peel Removable • Available in a 6 mil semi-rigid matte white vinyl facestock rated for <3 years of outdoor use. • Adhesive properties allow for application to a broader range of surfaces like painted plywood, concrete, textured walls painted with low VOC paints. • Options available with a 90# layflat or 90# air-egress layflat polycoated paper liner. • Clean removability <6 months. Print Compatibility: HP Indigo, Conventional and UV Offset, Latex, Eco-Solvent, Solvent, UV Wide Format, Screen. Contact your Midland Paper, Packaging & Supplies sales professional for more information.
We’ve spent the last several weeks bringing you tips and tools to create a campaign that’s not only exciting, but memorable. Because regardless of your goal – changing perception, creating brand awareness, boosting social media engagement or reactivating lapsed customers – nothing will happen if your campaign fails to grab attention and leave customers with a clear takeaway. So now that you’re armed with the info you need (see Campaign Building Blocks, Parts 1-5), let’s dive into a few of the best ones. Which B2C and B2B brands have been successful in delivering killer campaigns that connect on a basic, human level? Grab your coffee (or cocktail, depending on what time you’re reading this) and we’ll take you through three well-executed examples. see the top 3 at: https://www.jschmid.com/blog/campaign-building-bloacks-killer-campaigns/
*Second quarter 2020 net earnings of $0.34 per share; earnings before items1 of $0.36 per share *Announces significant cost savings program with expected annual savings of $200 million *Execution of asset repurposing plan with conversion of Kingsport, TN and Ashdown, AR *Commences review of strategic alternatives for Personal Care Division - click read more below for details
National Average Price for Regular Unleaded Current: $2.181; Month Ago: $2.180; Year Ago: $2.693. National Average Price for Diesel Current: $2.429; Month Ago: $2.438; Year Ago: $2.980.
American Dollar to Canadian Dollar = 0.750145; American Dollar to Chinese Yuan = 0.143659; American Dollar to Euro = 1.183949; American Dollar to Japanese Yen = 0.009468; American Dollar to Mexican Peso = 0.044644.
Q2 2020 Highlights *Sales of $1,285 million (compared with $1,313 million in Q1 2020 (-2%) and $1,275 million in Q2 2019 (+1%)) As reported (including specific items) *Operating income of $94 million (compared with of $90 million in Q1 2020 (+4%) and an operating income of $82 million in Q2 2019 (+15%)) *Net earnings per share of $0.57 (compared with $0.24 in Q1 2020 and $0.33 in Q2 2019)
Second Quarter 2020 Highlights: *Net sales of $268 million, down $334 million compared to second quarter 2019 *Net loss of $(34) million or $(0.99) per diluted share, compared to net loss of $(112) million or $(3.23) per diluted share in second quarter 2019 *Adjusted EBITDA of $(9) million, compared to $44 million in second quarter 2019
The New York Times Co’s second-quarter results beat Wall Street estimates, as its digital unit, which includes news, podcasts and crosswords, overtook the legacy print business for the first time. The Times, which competes for ad dollars with big players like Facebook Inc (FB.O) and Alphabet Inc’s (GOOGL.O) Google, has been shifting towards a subscriber-backed model in an effort to cut its reliance on advertising. The shift has paid off for the publisher that expects third-quarter digital subscription revenue to rise about 30%. “We posted our best-ever results for new digital subscriptions, and for the first time in our history total digital revenue exceeded print revenue..,” outgoing Chief Executive Officer Mark Thompson said in a statement.
Costco Wholesale Corporation reported net sales of $13.04 billion for the retail month of July, the four weeks ended August 2, 2020, an increase of 14.1 percent from $11.43 billion last year. For the forty-eight weeks ended August 2, 2020, the Company reported net sales of $149.66 billion, an increase of 8.8 percent from $137.56 billion during the similar period last year.
• Second quarter revenues of $767.0 million rose 89.7% as compared to the prior year, reflecting the Acquisition. ◦ Same store pro forma revenues (as defined and reconciled below) decreased 28.0%, due to unfavorable impacts resulting from the COVID-19 pandemic and general trends adversely impacting the publishing industry. • Digital advertising and marketing services revenues were $168.8 million in the second quarter, or 22.0% of total revenues. • Over $160 million in annualized synergy measures were implemented by the end of the second quarter, with approximately $41.2 million in savings recognized in the quarter.
Q2 2020 Headlines: •Net sales declined 35% to $251 million in the second quarter, and declined 24% to $441 million on a year-to-date basis •Billings1 declined 39% to $297 million in the second quarter, and declined 34% to $428 million on a year-to-date basis •HMH has further improved its leading win rate in the Texas Literature adoption with virtually all decisions made •Significant growth in digital platform usage with 486% increase in student assignments over the last twelve months as schools adjust to remote learning environment •Strong growth of 127% in SaaS billings as digital transformation accelerates
Second Quarter 2020 U.S. GAAP Summary: Net sales of $1.2 billion decreased 1% as reported. Currency had a negative impact on total net sales of $42 million or approximately 4%. Net earnings were $100 million, or $0.64 per diluted share. Special Items had a negative impact of approximately $18 million on net earnings in the quarter, which was largely due to restructuring and restructuring associated charges of $14 million ($11 million, net of taxes).
The American Society of Tropical Medicine and Hygiene (ASTMH) has chosen to streamline and optimize the journal production workflow for its flagship publication, The American Journal of Tropical Medicine and Hygiene (AJTMH), by partnering with Sheridan to handle all of its production and online hosting services. Sheridan’s unique offering integrates the production and online hosting stages, eliminating the traditional hand-off between the composition vendor and a third party online hosting platform to further accelerate the publishing process. The comprehensive 5-year agreement, starting in 2021, includes copyediting, composition, author billing, online hosting, printing, subscriber services, reprints, and content sales. With all services consolidated under one company, with one contract, and one relationship, ASTMH is joining a growing number of association and society publishers who are simplifying supplier management, extricating themselves from coordinating multiple vendors, eliminating the delays associated with vendor hand-offs, and containing costs with Sheridan.
KPLP Q2 2020 Business and Financial Highlights • Revenue increased by $21.1 million or 5.8% to $386.8 million in Q2 2020 compared to $365.7 million in Q2 2019. Excluding the divested Mexico business, Q2 2020 revenue increased by $46.5 million or 13.7%. • Adjusted EBITDA was $64.4 million in Q2 2020 compared to $31.5 million in Q2 2019, an increase of 104.6%. • TAD Sherbrooke site progressing on time and on budget despite the temporary shutdown in Q1 2020 due to the implementation of strict COVID-19 protocols. • Declared a quarterly dividend of $0.18 per share to be paid on October 15, 2020.
Highlights • Robust financial performance in a challenging environment ◦ Underlying EBITDA of €738 million with margin of 21.4% ◦ Profit before tax of €466 million ◦ Basic underlying earnings of 73.0 euro cents per share ◦ Cash generated from operations of €602 million ◦ Return on capital employed of 17.1% ◦ Strong balance sheet with 1.4 times net debt to 12-month trailing underlying EBITDA at 30 June 2020
Biofuels offer a climate-positive solution that society cannot afford to ignore. Panu Routasalo explains how UPM is spearheading efforts to replace carbon-intensive fossil energy with plant power. Thirteen years ago Panu Routasalo was working as an engineer in oil production. Around the same time, UPM also stood at a watershed point in its history. Squeezed by digitalisation, forestry was branded a sunset industry and doomed to a rapid demise. Prematurely, it turns out. Today forestry is a thriving sunrise industry, with UPM leading the pack as an innovator of sustainable wood-based alternatives to oil-based products. Routasalo heads this pioneering work in his current role as UPM’s Vice President of Biofuels.
Total reported sales for the second quarter of 2020 were $2.2 billion, a decrease of 17% compared to the second quarter of 2019. The decrease in revenue was primarily the result of lower sales in the Business Solutions Division (BSD) and CompuCom Division driven by impacts related to the COVID-19 pandemic, combined with lower sales in the Retail Division driven by lower volume and fewer retail stores in service. Product sales in the second quarter were down 15% relative to the prior year period. Service revenue was down 26% in the quarter related to lower comparable sales at CompuCom and sales of service in our BSD and Retail Divisions, all of which were negatively impacted by the COVID-19 outbreak. On a consolidated basis, service revenue represented approximately 14% of total Company sales in the second quarter of 2020. The Company reported an operating loss of $456 million in the second quarter of 2020, compared to an operating loss of $15 million in the prior year period. GAAP operating results in the second quarter included $466 million of charges including $401 million of non-cash asset impairment charges, and $65 million in merger and restructuring costs. Asset impairment charges of $401 million in the second quarter of 2020 included $363 million related to impairment of goodwill and other intangible assets at CompuCom and in the Company’s contract business combined, largely related to the effects of the COVID-19 outbreak on current businesses conditions. Asset impairment charges also included $25 million related to the impairment of operating lease right-of-use (ROU) assets associated with the Company’s retail store locations, with the remainder primarily relating to the impairment of fixed assets. Merger and restructuring costs of $65 million include $6 million associated with the Business Acceleration Program (“BAP”), $51 million associated with restructuring charges related to the recently announced Maximize B2B Restructuring Plan, and $7 million in merger, acquisition and integration-related expenses.
Results for the three months ended June 30, 2020, included: *Net Sales (excluding discontinued operations) — Net sales were $585 million in 2020, down 38% from 2019. Sales declined 36% during the quarter, excluding the impact of the January 2020 sale of the Omaha packaging plant primarily due to the economic impact from the COVID-19 pandemic, and ongoing print industry volume and pricing pressures. *Net Loss From Continuing Operations — Excluding the results from discontinued operations, net loss from continuing operations was $15 million in 2020 compared to net loss from continuing operations of $3 million in 2019. Results for the six months ended June 30, 2020, included: *Net Sales (excluding discontinued operations) — Net sales were $1.4 billion in 2020 as compared to $1.9 billion in 2019, down 26%. Sales declined 25% during the six months ended June 30, 2020, after excluding the impact of the January 2020 sale of the Omaha packaging plant primarily due to the economic impact from the COVID-19 pandemic, and ongoing print industry volume and pricing pressures. *Net Loss From Continuing Operations — Excluding the results from discontinued operations, net loss from continuing operations was $24 million in 2020 as compared to net loss from continuing operations of $16 million in 2019.
*Net sales of $161.4 million decreased 36 percent compared with $253.4 million in the prior year. Technical Products segment sales decreased 28 percent and Fine Paper and Packaging revenues declined 48 percent. The decline in revenues in both segments resulted primarily from lower volumes caused by impacts of the COVID-19 pandemic. *An operating loss of $(58.5) million compared with operating income of $19.8 million in the prior year period. Excluding adjusting items of $59.0 million in 2020 and $3.5 million in 2019, adjusted operating income declined from $23.3 million in 2019 to $0.5 million in 2020 as a result of lower sales and production volumes and related manufacturing fixed cost inefficiencies, partly offset by reductions in manufacturing and selling, general and administrative ("SG&A") costs, and benefits of lower input prices net of selling price changes.
Net sales in the second quarter of 2020 were $1.4 billion, compared to $1.8 billion in the second quarter of 2019. Average selling prices improved approximately 1 percent and increased revenue $18 million. However, lower shipments due to the pandemic negatively impacted sales by $255 million. Unfavorable foreign currency translation reduced net sales by $88 million. Segment operating profit1 was $95 million in the quarter, compared with $236 million in the same period of 2019. Current year profits were impacted $6 million by unfavorable foreign currency translation. The benefit of higher selling prices more than offset incremental cost inflation by $1 million. Reflecting the impact of the pandemic, sales volume in tons declined approximately 15 percent from the prior year quarter and negatively impacted segment operating profit by $84 million. Segment operating profit was negatively impacted by $52 million as lower production levels were partially offset by improved operating performance and cost control efforts. Production levels were down approximately 20 percent from the second quarter of 2019 reflecting required curtailment to comply with government decrees to manage the pandemic, including disruptive lock downs in Mexico and the Andean countries, as well as the company’s effort to align supply with lower demand and manage inventory.
The McClatchy Company announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the sale of substantially all of McClatchy's assets, including all 30 of McClatchy's news organizations, to Chatham Asset Management LLC. Chatham emerged as the successful bidder during an auction held on July 10, 2020. As previously disclosed, Chatham will acquire substantially all of McClatchy's assets for approximately $263 million in a credit bid of McClatchy's first-lien debt, plus new money consideration of approximately $49 million in cash. The transaction is subject to customary closing conditions and regulatory approvals. McClatchy expects to complete the transaction in September.
The U.S. Postal Service is implementing major changes to its delivery operations, effectively eliminating OT for carriers and informing them to leave undelivered items for the next day. This is all part of a cost-saving campaign under new Postmaster General Louis DeJoy, who estimates it will save the cash-strapped agency $200 million per year. Postal workers and unions as you might expect are not happy with the changes, which run counter to their mission to provide timely deliveries. A spokesman said the USPS is “developing a business plan to ensure that we will be financially stable and able to continue to provide reliable, affordable, safe and secure delivery of mail, packages and other communications to all Americans as a vital part of the nation’s critical infrastructure.”
Sustainability has always been a core aspect of our business—present in the products we make and the way we operate. Now, the launch of our new Twentyby30 program will accelerate our efforts across all three dimensions of sustainability: environmental, social and governance. Designed to address issues of critical global concern, Twentyby30 outlines 20 measurable goals to be achieved by 2030 or sooner, with each goal falling within one of the following pillars of action: *Climate Action *Resource Efficiency *Optimum Circularity *Working Together *Never Compromise. With these focus areas, we are pledging to raise our global performance around energy, water, waste, material use efficiency, recycling, employee health and safety (EH&S), Diversity & Inclusion, responsible and ethical sourcing, food contact and chemical safety and other topics. All program pillars are underpinned by responsible governance and ethics, which guide every business decision we make.
DS Smith, a leading sustainable packaging company, and Aquapak, an innovative developer of biodegradable polymer, are teaming up to develop the next generation of packaging solutions. By working together, the two organisations can provide sustainable fibre based packaging solutions that will replace hard to recycle packaging made from combined materials such as cardboard and plastic. After a period of pilot trials with the combined materials, focusing on both performance and recyclability, the partnership will now begin developing practical applications. This includes a range of fibre-based packaging where traditional plastic films can be replaced with Aquapak’s HydropolTM, a biodegradable and water-soluble polymer that will help to improve the recycling process.
ePac Holdings Europe has established two new locations for its digital-only production plants in both Lyon in France and Wrocław in Poland, in line with its previously announced expansion plans into continental Europe. The new manufacturing center in France will be strategically located near Lyon, in the town of Bourgoin Jallieu. Operations will be headed up by Jonathan Schmitt, who is the managing partner at ePac Lyon. The new ePac facility in Poland will be located in Wrocław, where Maciej Plamieniak will take the reins, and like ePac Lyon, orders will be fulfilled by the UK until full manufacturing is online.
Smurfit Kappa has today announced it has been chosen to participate in an innovative energy research project on renewable energy storage. The HYFLEXPOWER project will see Smurfit Kappa’s Saillat Paper Mill in France become the first plant in the world to introduce an integrated hydrogen gas turbine demonstrator. The announcement comes as the European Commission published its ‘Hydrogen Strategy for a Climate-Neutral Europe’ report which outlines the essential role that hydrogen will play within the European Green Deal carbon neutrality and energy transition initiative. The highly innovative research that will take part at the Saillat Mill, which will mainly be funded by the European Commission, aims to prove that hydrogen can be produced and stored from renewable electricity and ultimately replace up to 100 percent of the natural gas currently used by combined heat and power plants.
Marketing in a pandemic…how the heck do you do that?? A lot of us in the marketing world – including yours truly – have given this question quite a bit of thought since the start of the novel coronavirus. It’s been a crazy, frightening and ever-changing situation that seems to still be evolving more than half a year since it began. With many Americans cutting down their spending at this time, every blog post, advertisement or social media post might make you feel like Prince John and The Sheriff of Nottingham – the infamous villains in Robin Hood who regularly take advantage of the people of Nottinghamshire. In reality, all you really want to do is get the word out in a way that’s ethical, responsible and connects your product or service to people who feel it will make their life better. So, how do you responsibly go about marketing in a pandemic? click read more below...
HP Inc. announced its inkjet production printing solution, PageWide Web Press, has reached a milestone of 500 billion printed pages, as the print platform continues to expand its page capacity driven by global HP print service providers (PSPs). “PSPs operating HP PageWide Web Presses are finding new success and opportunities for more sophisticated and profitable digital print applications, as well as transferring more pages from offset to digital inkjet technology,” said Carles Farre, vice president and general manager, HP PageWide Press. “They have more than doubled the number of pages they print on HP PageWide Presses since drupa 2016 for a growth rate that is nearly twice that of the market. More than half of these customers have printed over 1 billion pages on their devices.” HP PageWide Web Press is an inkjet leader, reaching a share of more than 30% of the 8.8 billion page capacity added in high-volume color inkjet page capacity in the first quarter of 2020.1
For the second quarter of 2020, Clearwater Paper reported net sales of $480 million, a 6% increase compared to net sales of $452 million for the second quarter of 2019. Net income for the second quarter of 2020 was $23 million compared to net loss for the second quarter of 2019 of $0.4 million. For the first six months of 2020, Clearwater Paper reported net sales of $958 million, a 9% increase compared to net sales of $881 million for the first six months of 2019. Net income for the first six months of 2020 was $33 million compared to net income for the first six months of 2019 of $3 million.
We are pleased to announce our Sustainable Menu of printing papers to meet the quickly changing menu needs of bars, restaurants, and hospitality businesses operating under stringent COVID-19 regulations. Made with the environment in mind, all Monadnock’s fine text and cover papers are FSC® Certified (FSC C018866), manufactured carbon neutral (VERs) and made with 100% renewable Green-e certified wind-powered electricity (RECs) under a third-party certified ISO 14001 Environmental Management System. The Sustainable Menu features Monadnock’s new Astrolite PC 100 Velvet C2S, notable for its bright white appearance and double-side coating; Astrolite PC 100, which is smooth, bright, and uncoated; and Astrolite PC 100 Digital+, which is 3-star certified for HP Indigo presses.
Rayonier Advanced Materials Inc. reported a loss from continuing operations for the quarter ended June 27, 2020 of $13 million or $0.20 per diluted share, compared to a loss of $19 million or $0.46 per diluted share for the same prior year quarter. Year-to-date net loss from continuing operations for the six months ended June 27, 2020 was $38 million, or $0.60 per diluted common share, compared to a net loss of $47 million, or $1.10 per diluted common share for the same prior year period. The decrease in the diluted loss per share was due primarily to the conversion of the Company’s preferred stock into approximately 13 million shares of common stock in August of 2019.
The European Investment Bank (EIB) will support The Navigator Company, a major Portuguese industrial group and Europe’s leading pulp and paper manufacturer, with a €27.5 million loan for the construction and operation of a new biomass boiler at their integrated mill facility located in Figueira da Foz, a cohesion region in Portugal. This project is the first major step of The Navigator's decarbonisation strategy, launched recently with the aim of making the company carbon neutral by 2035 (15 years ahead of the EU target of 2050) in line with the Paris Agreement, the EU Green Deal and Portugal’s Roadmap to Carbon Neutrality. Replacing the existing equipment with a new biomass boiler is part of the company’s investments for offsetting carbon emissions and is seen as crucial for preserving and improving its competitiveness and market presence in a cyclical business sector, especially now amid the far-reaching economic consequences of the COVID-19 pandemic.
Just a reminder to sign up for the upcoming free webinar, Rethinking Catalogs: New Technology, New Processes, New Economics, to be held on August 10th at 1:00 pm Eastern Time. Lands’ End Creative Director Daniel Hetzer and Inkjet Insight Founding Partner Elizabeth Gooding will discuss how catalog creative and production processes are adapting to new customer attitudes, technical capabilities and economic realities. Takeaways: • How shifting customer attitudes are affecting retail buying patterns • Objective approaches to measuring catalog and direct mail effectiveness • The impact of Covid-19 on cataloging • Trends toward personalization and customization that predate the pandemic and those that can be used effectively and efficiently • Consideration of new strategies for when to print, what to print and how to print. For more info and to register go to: https://us02web.zoom.us/webinar/register/WN_6eXQly3hTnmwD8mamsUJhg
1-800-FLOWERS.COM, Inc. announced that it has completed its acquisition of PersonalizationMall.com®. Chris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, “The addition of PersonalizationMall.com to our unique business platform, including our all-star family of brands, significantly enhances our ability to help our customers engage and stay connected with the important people in their lives. Like our leading brand positions in Gourmet Food and Flowers, the broad assortment of products and customization processes offered by PersonalizationMall.com makes it a leader in the growing market for personalized gifts.”
Consumers are getting snookered in new and more devious ways online. And they know it, although often not until after the fact, judging by a study released last week by specialty insurer Hartford Steam Boiler (HSB) conducted by Zogby Analytics. Of consumers polled, 23% had their identity stolen in 2019 -- a 5% increase over 2016 and 2018, the study says. And these victims spent 27 hours dealing with the fallout, mainly correcting personal information and monitoring their credit. Overall, 77% are at least somewhat concerned about identity theft occurring while they are shopping on a public Wi-Fi connection. Moreover, 34% suffered a cyber attack last year, with viruses or malware the most common damage for 72%.
Meredith Corporation announced that it is teaming up with The Kroger Co.'s media advertising business, Kroger Precision Marketing (KPM), to offer a new integrated media service that will help CPG brands make advertising more shoppable. Meredith's offering provides brand advertisers access to Kroger's first-party purchase data and custom audience segments to power media campaigns across its portfolio of 40+ trusted, iconic food and lifestyle brands, including Allrecipes, REAL SIMPLE, EatingWell, PEOPLE, Better Homes & Gardens and Southern Living. The new integration marks the first time that brand advertisers on Meredith properties will be able to apply closed-loop sales data from Kroger to their campaigns. The service launches at a time when brands need to re-engage consumers whose shopping patterns have been disrupted. Meredith and Kroger Precision Marketing, by matching premium content with sales data, are positioned to influence product discovery, meal planning, product trial, and shopping routines.
Following a survey of its workforce over the last few weeks gauging employee experience with working remotely and reaction to the prospect of returning to its Manhattan offices, Penguin Random House US has confirmed that it will not return to its offices "until sometime next year," CEO Madeline McIntosh wrote in a letter to staff, adding that the publisher will return "when it’s safe and when it’s practical," whenever that may be. "Clearly, we miss being together and would want to quickly get back to the offices if it meant we could safely return to in-person meetings and conversations. But just as clearly, most of us feel that the current state of virus risk means that it would not be comfortable or responsible to come back together in our office spaces anytime soon," McIntosh wrote. "On the bright side, the vast majority report that, overall, working remotely is going quite well, and some are feeling they prefer it as a long-term solution."
On an adjusted basis, earnings from continuing operations for the three months ended June 30, 2020 and 2019, were $9.9 million, compared with $8.5 million. Consolidated net sales totaled $216.2 million and $235.1 million for the three months ended June 30, 2020 and 2019, respectively. On a constant currency basis, Composite Fibers’ and Airlaid Materials’ net sales decreased by 6.3% and 7.2%, respectively. “Glatfelter’s solid second quarter results, in the midst of a global pandemic, demonstrate the resiliency of our new business model and continued demand for our portfolio of engineered materials that are essential for producing a variety of consumer staples,” said Dante C. Parrini, Chairman and Chief Executive Officer. “Composite Fibers outperformed expectations for the quarter, due in part to strong shipments in the food and beverage category and better than expected demand for wallcover products. Profitability for this segment relative to guidance was also better than expected, driven by lower downtime and continued cost control.”
Third quarter of fiscal 2020 financial highlights include: *Net sales of $4.2 billion decreased by 9.7% compared to the prior year quarter *Segment EBITDA margins improved sequentially across both segments in a rapidly changing economic environment *Generated net cash provided by operating activities of $740 million *More than $3.2 billion of availability under long-term committed credit facilities and cash and cash equivalents at June 30, 2020
The retailer stated on its website that “It’s time to say goodbye.” “Every brand has a story and ours has taken an unexpected turn. “We may be saying goodbye before too long so we’re taking 70 percent off everything. Thanks for being part of our family & history,” they said. A week later, they seem to have made the decision to shut down operations, at least for the foreseeable future. They argue COVID-19 have led them down a path they didn’t expect, confirming both their physical stores and their e-commerce are closed and that they aren’t able to take orders, marking the end of a 3-decade story.
The horrible situation that airlines are in is having quite an impact for many suppliers. For example, American Airlines’ nut supplier has a huge surplus, and is selling them directly to consumers. Inflight magazines are in an equally rough situation. They’re typically run by third parties, and rely on advertisers to pay the bills. With the number of travelers way down, circulation of these magazines is also way down. Well, it looks like United Airlines and INK Publishing have a creative solution for this… Well, Hemispheres magazine is making a comeback in August, but it won’t be available on United Airlines flights. As reported by Ramsey Qubein, United Airlines will be making its inflight magazine an elite perk, known as “Hemi at Home.” US-based United Global Services, Premier 1K, and Premier Platinum members, will start receiving copies of Hemispheres magazine at their mailing address on file.
Nearly two quarters into the U.S. economic recession, advertising appears to be outpacing the U.S. economy, according to an analysis of data from the U.S. Bureau of Economic Analysis (BEA) and Standard Media Index (SMI). The BEA Thursday released estimates that real GDP (gross domestic product) contracted 32.9% during the second quarter of the year, following a contraction of 5% during the first quarter. By comparison, the U.S. ad economy contracted only 27.4% during the second quarter and 1.4% during the first quarter of the year. That analysis is based on the U.S. Ad Market Tracker, a collaboration of SMI and MediaPost that indexes at market growth monthly.
The Association of American Publishers (AAP) today released the StatShot Annual report for Calendar Year 2019, estimating that the U.S. book publishing industry generated $25.93 billion in annual revenue, up by 1.1% as compared to 2018. In terms of units the report estimates that 2.76 billion units were sold. All figures represent publishers’ net revenue from tracked categories (trade, higher education course materials, PreK-12 instructional materials, professional books, and university press), in all formats, from all distribution channels. Overall publishing industry revenue was essentially flat, coming in at $25.93 billion for the year, which was a 1.1% increase as compared to $25.63 billion in 2018.
Sonoco announced it has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of €41.7 million, or approximately $49 million. Founded by George Sireix in 1989, Can Packaging operates two paper can manufacturing facilities in France along with a research and development center where it designs and builds patented packaging machines and sealing equipment. Can Packaging is projected to produce sales of approximately €23 million or $27 million in 2020 and provides sustainable paperboard packaging to a number of large consumer food brands distributed across Europe. The business has approximately 60 associates.