The holiday sales period ended on a high note with unit sales of print books increasing 5.8% over the week ended December 24, 2022 at outlets that report to Circana BookScan.
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Rite Aid Corporation announced that it has secured regulatory clearance for an amended and restated asset purchase agreement with Walgreens Boots Alliance, Inc. whereby WBA will purchase 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4.375 billion on a cash-free, debt-free basis. Rite Aid also has the option to purchase generic drugs that are sourced through an affiliate of WBA at a cost substantially equivalent to Walgreens for a period of 10 years. The Hart-Scott-Rodino waiting period expired for the proposed transaction. Under the amended and restated agreement, Rite Aid will retain approximately 250 additional stores as compared to the prior agreement announced between Rite Aid and WBA in June 2017, resulting in a reduction in the transaction sale price. The decision to retain these stores follows discussions between Rite Aid and WBA, as well as the U.S. Federal Trade Commission ("FTC"). Click Read More below for additional detail.
Canada will soon see nine daily newspapers stop printing editions on Mondays. The publications are The Vancouver Sun, The Province, Calgary Herald, Calgary Sun, Edmonton Journal, Edmonton Sun, Ottawa Citizen, Ottawa Sun and Montreal Gazette, publisher Postmedia Network Inc. announced last week. That leaves the Toronto Star, Toronto Sun, Winnipeg Sun, Journal de Montréal and Journal de Québec as the only dailies in Canada that publish print editions seven days a week, the Globe And Mail reports, media analyst Steve Faguy.
FY23 second quarter service performance scores covering Jan. 1 through Feb. 3 included: *First-Class Mail: 91.8% of First-Class Mail delivered on time against the USPS service standard, an increase of .8 percentage point performance from the fiscal first quarter. *Marketing Mail: 94.3% of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 86.3% of Periodicals delivered on time against the USPS service standard, an increase of 1.7 percentage points performance from the fiscal first quarter.