LSC Communications announced the opening of Crawfordsville Family Health Center, the company’s first onsite medical facility offering healthcare, wellness coaching and assessments for its employees and their families. The center was launched as part of a companywide initiative to enhance the wellbeing of employees by providing a holistic approach to wellness and making healthcare more accessible. Mike Berendes, Vice President of Manufacturing for LSC Crawfordsville, commented, “As one of LSC’s largest facilities in the US, we and our employees are thrilled that Crawfordsville was selected to launch the company’s first healthcare center.” LSC partnered with onsite healthcare provider Marathon Health to operate the new medical center. Additional programs being offered include health coaching for weight management, stress management and smoking cessation.
Total Company net sales for the three months ended July 31, 2019, decreased 3.0% over the same period last year to $962 million. Comparable Retail segment net sales decreased 3%, driven by negative retail store sales, partially offset by growth in the digital channel. By brand, comparable Retail segment net sales increased 6% at Free People and decreased 3% at the Anthropologie Group and 5% at Urban Outfitters. Wholesale segment net sales decreased 8%. For the three and six months ended July 31, 2019, the gross profit rate decreased by 304 basis points and 242 basis points versus the prior year’s comparable periods, respectively. The decrease in gross profit rate for both periods was driven by higher markdowns, deleverage in delivery and logistics expenses and store occupancy deleverage. The higher markdowns were largely driven by underperforming women’s apparel at the Anthropologie and Urban Outfitters brands.
Total revenue of $18.4 billion increased 3.6 percent from $17.8 billion last year, reflecting sales growth combined with a 6.3 percent increase in other revenue. Second quarter sales growth of 3.6 percent reflected comparable sales growth of 3.4 percent combined with the contribution from non-mature stores. Comparable digital sales grew 34 percent, contributing 1.8 percentage points to comparable sales growth. Operating income was $1,324 million in second quarter 2019, up 16.9 percent from $1,133 million in 2018. Second quarter operating income margin rate was 7.2 percent in 2019, compared with 6.4 percent in 2018. Second quarter gross margin rate was 30.6 percent, compared with 30.3 percent in 2018, reflecting the benefit of merchandising efforts to optimize costs, pricing, promotions and assortment, combined with the benefit of favorable category sales mix.
Worzalla, an employee-owned printing company specializing in high-quality custom products and books including children’s books, collected more than 500 pounds of school supplies as part of Project Fresh Start, a United Way of Portage County Volunteer Center program. Project Fresh Start provides free school supplies to students 4th grade through 12th grade in Portage County who qualify for free and reduced lunch through their school district. Items on the school supply wish list include backpacks, pencils, sharpeners, erasers, pens, notebooks, folders, markers, glue sticks, index cards, rulers, composition books, and more. “With nearly 400 employees at Worzalla, we have many families who are directly connected to the Steven Point area’s local schools,” said Brianne Petruzalek, Director of Human Resources at Worzalla, who organized the school supplies drive. “We are proud of their effort to collect so many school supplies to help local students be able to read and learn in the best environment possible.”
Worzalla, an employee-owned printing company specializing in high-quality custom products including children’s books and coffee table books, announced two new members to its Board of Directors. Mary Przybylski was elected to serve a 1-year term after serving as an interim board member and Wayne Plaski was elected to serve a 3-year term after filling a vacant board seat since January. Przybylski joined Worzalla in 1992 and currently works as a Lead Customer Service Representative. Throughout her career at Worzalla, she has held numerous roles with the Finishing, Prep, and Customer Service departments. Plaski joined Worzalla in 1988 and currently works as a Sheetfed Team Leader in the Press Department. He is a graduate of Stevens Point Area Senior High and the University of Wisconsin Stevens Point. Last year, Wayne celebrated his 30th anniversary of working with Worzalla.
Catalyst’s uncoated freesheet Electraset delivers press performance consistency and high print quality. Electraset provides the right balance of shade, brightness and uniformity to produce an array of print applications. The 92-bright uncoated freesheet offers strength and performance on high-speed presses designed both for heatset web offset and coldset web offset. Catalyst provides a complete array of coated mechanical grades, SC and MF grades, newsprint, directory and now, a true uncoated freesheet product. Our vast portfolio of printing grades is second to none. Combine these Catalyst attributes and you get the ease of doing business with one supplier that can provide first quality printing paper, mixed truckload convenience, and more importantly, security of supply with our multiple production facilities. Contact your Midland Paper sales professional for more information.
Charta Global, provider of specialty, office, stationery, food grade and packaging boards for the US and Latin America, and strategic partner to Asia Pulp & Paper (APP), has launched a new paper application to provide an ecofriendly alternative to plastic straws in North America. This new product offering addresses the changing demands of consumers, who continually look for brands and products that satisfy environmentally conscious goals. According to APP’s 2019 Paper & Packaging Consumer Trends Report, 61% of consumers prefer to purchase products from companies that have made public commitments to sustainability goals.
EPac got its start in 2016 with a plant in Madison, Wis., and has been expanding ever since. The company's model requires local buy-in, with each new facility the result of a partnership with someone at the local level who can invest in and operate the business, Novak said. It has some similarities to a franchise model, but ePac is fully partnered with its local operators. The local operations share consolidated resources like IT, financing and marketing. In Cleveland, the company is partially owned by Novak's private investment firm, Woodhaven Capital Partners. Novak is heading up the Cleveland operation, as well as several others. EPac will lease an approximately 20,000-square-foot building in Solon for its Cleveland-area manufacturing. Novak said the company can typically build out a plant within 90 days, and his goal is to have the Solon facility producing by the end of the year. "And really, it's not like we hope that happens. We need it to happen. With the way sales are going, we need the presses to be on and running, because we're at a point right now where we can't build fast enough," Novak said. He estimated that ePac would invest in more than $5 million worth of equipment to start the Solon location.
The consolidated sales of the Group rose by 9.0 %, or EUR 104.9 million, to EUR 1,275.5 million (1st half of 2018: EUR 1,170.6 million), with growth resulting primarily from the packaging division following the acquisition. EBITDA increased by 14.5 % to EUR 191.6 million (1st half of 2018: EUR 167.4 million). At EUR 124.0 million, the operating profit was 8.5 %, or EUR 9.7 million, above the previous year’s value (1st half of 2018: EUR 114.3 million). One-off acquisition effects from the initial consolidation of the Tann-Group totaling EUR -4.8 million were reported due to recognition of order backlog and inventory measurement. The operating margin was at 9.7 % (1st half of 2018: 9.8 %). Financial income of EUR 0.7 million (1st half of 2018: EUR 0.6 million) was offset by financial expenses of EUR -4.0 million (1st half of 2018: EUR -3.0 million).
Abercrombie & Fitch Co. announced that it has become a participant of the United Nations Global Compact, the world’s largest corporate citizenship and sustainability initiative. The company also announced its new sustainability targets through 2025. Key goals include: •Responsibly sourcing materials with sustainable processes or from recycled fibers by 2025, including cotton, polyester, viscose, wool, down and linen •Driving 30 percent water reduction in denim (the company’s highest volume material) production by 2022 •Partnering with its vendor partners on training programs, including human trafficking prevention and health & wellbeing, and capacity building to support the training of 75,000 additional workers by 2022.