- Victoria’s Secret & Co. held its top line mostly steady in Q1 but, according to GlobalData research, lost market share. Net sales were essentially flat to last year, nearing $1.4 billion, as comps dropped 1%.
- Gross margin shrank by 170 basis points to 35.2%, but the lingerie chain reached $2.8 million in net income, from last year’s $2.5 million net loss. The security breach that scuttled its Memorial Day sale is expected to siphon about $10 million from Q2 operating income, excluding any insurance payment, CFO Scott Sekella said Wednesday.
- Former Anthropologie Chief Marketing Officer Elizabeth Preis has taken that role at Victoria’s Secret & Co., CEO Hillary Super announced on the earnings call.
Victoria’s Secret expects $10M hit to Q2 operating income from cybersecurity breach | Retail Dive
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The U.S. Postal Service has proposed several changes set to take effect on July 13, 2025, with rate increases and updated promotional discounts across multiple mail classes. While some of these changes are straightforward, others are more complex and may impact mailers differently depending on their specific presort levels and mail preparation strategies. Here’s a quick breakdown of what you need to know. There are three levels of USPS pricing: class level pricing, product level pricing and presort level pricing. While the USPS has shared updates for class and product levels, presort pricing remains unclear, and it’s the most variable due to its reliance on individual mailing files and presort.
Fourth Quarter Fiscal Year 2017 Financial Highlights
• Adobe achieved record quarterly revenue of $2.01 billion in its fourth quarter of fiscal year 2017, which represents 25 percent year-over-year growth.
• Diluted earnings per share was $1.00 on a GAAP-basis, and $1.26 on a non-GAAP basis.
• Digital Media segment revenue was $1.39 billion, with Creative and Document Cloud achieving record quarterly revenue of $1.16 billion and $235 million, respectively.
• Digital Media Annualized Recurring Revenue (“ARR”) grew to $5.23 billion exiting the quarter, a quarter-over-quarter increase of $359 million.
• Adobe Experience Cloud achieved record revenue of $550 million, which represents 18 percent year-over-year growth.
• Operating income grew 37 percent and net income grew 26 percent year-over-year on a GAAP-basis; operating income grew 37 percent and net income grew 39 percent year-over-year on a non-GAAP basis. Click Read More below for additional information.
Paxton Media Group (PMG) has acquired Kernersville (North Carolina) News, a twice-weekly newspaper published by the Carter/Owensby-Harrell family since its launch in 1938. The terms were not disclosed. “It is time for the family to move on,” the family says. Kernersville News joins almost 20 other Paxton newspapers in North Carolina, which are managed by group publisher Jana Thomasson.