Huhtamaki has completed the acquisition of Butterworth Paper Cups Sdn Bhd, a privately owned paper cup and foodservice packaging manufacturer in Malaysia. With the acquisition Huhtamaki expands its foodservice manufacturing footprint to Southeast Asia and significantly strengthens its presence and capability to serve customers in Malaysia, Singapore and other regional Southeast Asian markets. The purchase price of approximately EUR 8 million approximately corresponds with the annual net sales of the business. The company employs approximately 120 people in its manufacturing unit in Penang, Malaysia. The business will be consolidated into the Foodservice Europe-Asia-Oceania business segment as of April 1, 2015. read more/source: http://www.huhtamaki.com/-/huhtamaki-completed-the-acquisition-of-butterworth-paper-cups Huhtamaki has completed the acquisition of Butterworth Paper Cups Sdn Bhd, a privately owned paper cup and foodservice packaging manufacturer in Malaysia. With the acquisition Huhtamaki expands its foodservice manufacturing footprint to Southeast Asia and significantly strengthens its presence and capability to serve customers in Malaysia, Singapore and other regional Southeast Asian markets. The purchase price of approximately EUR 8 million approximately corresponds with the annual net sales of the business. The company employs approximately 120 people in its manufacturing unit in Penang, Malaysia. The business will be consolidated into the Foodservice Europe-Asia-Oceania business segment as of April 1, 2015.
In a time where many publishers are looking for ways to increase revenue through consumers, Time Out New York is going in the opposite direction. Today, the brand announced that it would begin distributing its magazine for free in order to increase reader engagement and value to advertisers. The new distribution model doubles circulation to 305,000 copies, which will cast a much wider net for its ad partners. What’s more, TONY will enhance its suite of integrated marketing packages. Ad rates will increase due to the larger circ size, but effective CPMs will be lowered, according to Justin Etheridge, EVP, Time Out North America.
Sappi Speciality Papers announces the introduction of atelier, a brand-new concept in folding box board (FBB) that broadens Sappi’s offering in terms of both width and depth of coated virgin fibre carton boards for the packaging market. atelier, a hybrid FBB product that exceeds current market standards, is available in weights from 220 gsm to 350 gsm and is being produced at the company’s Maastricht mill. atelier is a multi-ply board produced on a single-wire board machine, a feature that no other paper manufacturer has ever achieved. It delivers the ultimate in brightness, purity and gloss with a silk touch and feel and unrivalled bulk, truly a new dimension in folding box board.
When it comes to driving customer loyalty, marketers are all about making it rain. But their focus on repeat purchases can wash away the thing that matters most: creating positive experiences that keep customers coming back for more. Consider the following data from IBM and Econsultancy's latest studies: 91% of marketers (including commerce managers) strongly or somewhat agree that personalizing the customer experience is critical to their success, and 81% say that they have a holistic view of individual customers and segments across interactions and channels. Contrastingly, less than half (47%) of marketers surveyed say that they're able to deliver relevant communications. And consumers are taking notice. According to the studies, only 21% of consumers say that the communications that they receive from the average company are “usually relevant,” and more than one third (35%) say the same in regards to the messages that they receive from their preferred organizations. What's more, just 22% of consumers believe that the average retailer understands them as an individual and only 37% say the same for their favorite retailers.
Barnes & Noble, Inc. (NYSE: BKS), the nation’s largest retail bookseller and the leading retailer of content, digital media and educational products, will celebrate Spring Educator Appreciation Days, April 11-19. Barnes & Noble stores nationwide and Barnes & Noble.com (www.bn.com) will offer pre-K-12 public, private and homeschool educators and administrators special discounts*, events, sweepstakes and giveaways during this time. Barnes & Noble’s Educator Appreciation Days occur several times during the year, recognizing educators and providing them with an opportunity to explore the company’s vast selection of products, learn about programs and events, as well as save with deeper discounts.
HarperCollins Publishers has refurbished the library of Public School 81 in Brooklyn, and yesterday revealed the results to school administrators, teachers, students, parents and community leaders. Through their relationship with NYC-based education nonprofit Change for Kids, the company covered the cost of new furniture, paint and supplies for the library, and made in-kind donations of more than 1,600 children's books, 35 computers, and a printer. On February 27 and 28, more than forty HarperCollins employees donated their time to completely redecorate the school's library. The goal was to make the room both a library and a center for the community – a safe place that will allow both students and parents to take advantage of resources many take for granted, such as access to books, information, and the internet. P.S. 81 had been without a library for ten years. Now, the school has a multi-functional library with the theme of "nature" and imaginative touches to make the students feel at home, complete with an adult learning area and computer stations. The bookcases were painted a royal blue to brighten the space, and the students have use of all new furniture, including 32 chairs donated by Business Interiors by Staples.
A financial analysis of the U.S. Postal Service by the Postal Regulatory Commission revealed a net loss of $5.5 billion for the agency in 2014, bringing its total net deficit since the passage of the Postal Accountability and Enhancement Act to $51.7 billion. That 2006 legislation required USPS to pre-fund its retirees' health care benefits with an annual payment nearly equal to that of the loss it posted in the last fiscal year, which ended on September 30. Were it exempted from pre-funding, the Postal Service operations would have come up looking financially sound—with help, of course, from the 4.3% exigent price increase it was awarded in December 2013. It recorded $1.4 billion in net operating income, its first non-loss in that column since 2008. First Class Mail revenue rose half a percentage point to $29.6 billion, and Standard Mail increased by 3% to $17.5 billion. First Class volume plummeted 8.4% to just under 4 billion pieces, but Standard Mail volume rose by 1% despite the higher costs presented to big mailers by exigency. Total Standard Mail letters rose by 539 million to 54 billion, contributing $10.8 billion in revenue to USPS's balance sheet, a 5.4% increase.
Technology is coming to the classroom as more schools look to tablets and laptops to help teach kids across America. It might be happening faster than you think. Consider these stats: Education Market Research says schools and districts are expecting to increase their spending on tablets during the 2014-15 school year by an average of 8.6 percent. The Washington Post reported U.S. schools were expected to purchase 3.5 million tablets by the end of 2014. And worldwide, K-12 spending on tablets increased 60 percent from 2013 to 2014. That’s where Best Buy For Business comes in. Best Buy For Business isn’t just for business customers anymore. It now also helps educational institutions with their technology needs, from hardware to software to networking to managing devices, and everything in between. Schools that work with Best Buy Education, a new division of Best Buy For Business, get access to the latest products to suit the classroom, as well as special services, pricing, purchasing options and support.
Despite bad publicity from a March 2015 “60 Minutes” report alleging carcinogenic materials in the laminate of some Chinese hardwood it sells, Lumber Liquidators beat Wall Street sales estimates in first quarter 2015. In a sales update, Lumber Liquidators said sales were $260 million, an increase of 6% from first quarter 2014. However, net sales in the month of March were $89.4 million, a decrease of 13% in comparison to March 2014. Consistent with company's previously released expectations, net sales in March 2015 were significantly weaker than trends in January and February, as they were negatively impacted by the “60 Minutes” report. Lumber Liquidators opened four new stores during first quarter 2015 and was operating 356 locations at March 31, 2015.
AdGooroo (www.adgooroo.com), a Kantar Media company and global leader in search marketing intelligence, today announced the relaunch of its Trademark Insight brand monitoring service with powerful new features to help search marketers easily identify competitors, affiliates and partners who are bidding on and using their trademarked brand terms in Paid Search ads in more than 50 countries worldwide. As part of the new service, advertisers will receive enhanced insight into the impact each violation is having on their campaign performance—including the number of stolen clicks and impressions generated—to help identify the most egregious brand infringers and determine where to focus their corrective efforts. Trademark violations in Paid Search advertising can be especially costly for brand advertisers because they divert customers away from the brand’s site while at the same time driving up its marketing costs due to increased competition and a higher cost per click on its branded keywords.