Frontline acquires Gold Key Media

REI released its 2022 Impact Report and financials results, closing the year with a record $3.85 billion in sales. The co-op ended the year with a strong liquidity and working capital position and continued to invest in its mission of investing in its members, employees, and the outdoors. “I’m incredibly impressed by all we’ve accomplished as a co-op,” said Eric Artz, President and CEO, in a public letter released alongside the report. “Throughout 2022, we invested in our people, in our capabilities, and in the communities we serve. We invested in membership with new and enhanced offerings and held fast to our commitment to distributing our full Co-op Member Reward to more than 23 million members during a year without profits to fund it. As a co-op, we are in the fortunate position to be able to make long-term choices and investments like this, but we do not do so lightly. We remain focused on a path back to sustainable profitability for the co-op to ensure a healthy long-term future.” In 2022, REI focused on investing in the employee experience. Often cited as a top place to work, the co-op remained committed to competitive pay and introduced new industry-leading benefits. In 2022, REI put an additional $50 million toward pay raises for hourly employees and delivered another $92 million toward employee retirement and bonuses.

Total revenues across all categories for May 2021 were up 11.1% as compared to May 2020, coming in at $1.1 billion. Year to date revenues were up 23.4%, at $5.1 billion for the first five months of the year. Trade (Consumer Books) sales were up 7.9% in May, coming in at $685.2 million, and up 23.2% year to date, with $3.5 billion in revenue. In terms of physical paper format revenues during the month of May, in the Trade (Consumer Books) category, Hardback revenues were up 18.7%, coming in at $252.8 million; Paperbacks were up 14.5%, with $229.9 million in revenue; Mass Market was down 15.1% to $19.2 million; and Board Books were down 4.8%, with $9.0 million in revenue.

Best Buy Co., Inc. announced results for the second quarter ended July 29, 2017 (“Q2 FY18”), as compared to the second quarter ended July 30, 2016 (“Q2 FY17”). The company reported GAAP diluted earnings per share from continuing operations of $0.67, an increase of 20% from $0.56 in Q2 FY17. Non-GAAP diluted earnings per share from continuing operations were $0.69, an increase of 21% from $0.57 in Q2 FY17. “We are pleased today to report strong top and bottom line growth for the second quarter of fiscal 2018,” said Hubert Joly, Best Buy chairman and CEO. “Our higher-than-expected comparable sales of 5.4% were driven by stronger consumer demand for technology products and by the strong execution of our strategy. Against a backdrop of continued healthy consumer confidence, we believe broad-based product innovation is resonating with consumers and driving higher spend. And, with our effective merchandising and marketing activities, combined with our expert advice and service available online, in-store and in-home – we are garnering an increasing share of those dollars.” Click Read More below for additional detail.