Constantia Flexibles has worked closely with Flint Group Narrow Web and Phoseon Technology since early in 2014 to implement LED UV technology onto Spear’s printing presses. The initial discussion revolved around the various ecological and economical advantages that can be realised when running LED UV lamps and inks. The Spear plant was particularly interested in the possibility of increased run speed, improved performance, and the reduced energy consumption as compared with a conventional mercury system which would support sustainability objectives.
Bauer Media Group USA -- a magazine publisher best known for salacious celebrity gossip titles -- is entering new territory with the launch of a new inspirational magazine, Simple Grace, targeting women with Christian devotional content. The first 144-page issue of the monthly magazine hits newsstands across the U.S. on April 10, with a launch circulation of 200,000 copies and a newsstand price of $3.99. Conceptually, the magazine is something of a spinoff from First for Women, according to Carol Brooks, who serves as editor in chief of both titles.
L Brands, Inc. (NYSE: LB) reported net sales increased 6% to $981.2 million for the five weeks ended April 4, 2015, compared to net sales of $923.7 million for the five weeks ended April 5, 2014. Comparable store sales for the five weeks ended April 4, 2015, increased 9% and were positively impacted by the earlier Easter this year by approximately 3 to 4 points.
Costco Wholesale Corporation today reported net sales of $10.40 billion for the month of March, the five weeks ended April 5, 2015, which compares to $10.43 billion during the similar period last year. This year's total reflects one less sales day than last year, due to the timing of Easter. This calendar shift negatively impacted this year's net and comparable sales by an estimated one to one and one-half percent. For the thirty-one weeks ended April 5, 2015, the Company reported net sales of $67.58 billion, an increase of five percent from $64.65 billion during the similar period last year.
For the fourth quarter, the company reported revenues of $6.8 billion and net income of $1.835 billion, or $1.79 per diluted share. For the full year, the company reported revenues of $26.5 billion and net income of $2.109 billion, or $2.08 per diluted share. Current year results for both the fourth quarter and the full year were favorably impacted by a reduction of the deferred tax asset valuation allowance and a full year provision of income tax expense at a statutory tax rate, the net effect of which resulted in an income tax benefit of $1.716 billion, or $1.67 per diluted share and $1.682 billion, or $1.65 per diluted share in the fourth quarter and full year, respectively. The company reported Adjusted EBITDA of $343.3 million or 5.0 percent of revenues in the fourth quarter and $1,322.8 million or 5.0 percent of revenues for the full year.
Stein Mart, Inc. (Nasdaq:SMRT) today reported total sales for the five-week period ended April 4, 2015 of $155.8 million, a 14.2 percent increase over total sales of $136.3 million for the five-week period ended April 5, 2014. Comparable store sales for the five-week period ended April 4, 2015 increased 11.2 percent from April 5, 2014.
Burgo plans to change the shift system from a continuous to a semi-continuous cycle on the 165,000 tonne/yr PM 8 at its Verzuolo lightweight coated (LWC) paper mill in northwestern Italy from June 1. The move may lead to 46 job cuts across all departments at the factory, according to a source at the Fistel-Cisl trade union. In response, the union called for a two hour strike at the start of each shift at the factory on April 7.
Leveraging its proprietary Printed Electronics platform, RR Donnelley's CustomWave RFID Solutions offer complete smart label solutions beginning with in-house RFID antenna design and performance testing and including printed inlay manufacturing, custom label and tag creation, fully automated quality control, and global distribution and fulfillment services. By customizing the RFID antenna and label/tag characteristics to the application, RR Donnelley's CustomWave RFID Solutions help customers improve their RFID return on investment through better overall performance.
Starting with its September issue, the luxury travel magazine Condé Nast Traveler will be bigger and heavier. The pages will be two inches bigger when the magazine is opened, with thicker pages and heavier covers. “It’s going to feel like the luxury product that it is,” said Bill Wackermann, the magazine’s publisher. “What do you get in first class? You get more space.” Condé Nast Traveler’s move is a significant investment in print as many publications are shifting their focus to digital. The idea is to give the magazine’s affluent consumers a more substantial product — something they would want to display on their coffee table. “The luxury consumer loves their print,” Mr. Wackermann said. “There’s something tactile about it, and there’s something that feels great stocking it in your bookshelves and holding onto it.”
Fortress Paper Ltd. has successfully completed the mandatory 100-hour test for its cogeneration facility at the Fortress Specialty Cellulose Mill in Thurso, Que. This will allow for the addition of 5.2 MW of incremental power. The cogeneration facility can now deliver up to 24 MW of power to Hydro Québec at the contract commercial rate.