Stein Mart, Inc. today reported total sales for the four-week period ended November 28, 2015 of $126.4 million, a 1.2 percent decrease over total sales of $127.9 million for the four-week period ended November 29, 2014. Comparable store sales for the four-week period ended November 28, 2015 decreased 4.8 percent from November 2014.
Costco Wholesale Corporation today reported net sales of $9.68 billion for the month of November, the four weeks ended November 29, 2015, an increase of three percent from $9.43 billion during the similar period last year.
Members of the Organization for the Petroleum Exporting Countries jousted over who should cut oil production to bring an oversupplied market back into balance as the group prepared for its semi-annual meeting being held Friday. The debate highlighted the central dilemma facing OPEC in a world of high oil supplies from the U.S. and Russia that have kept crude prices down more than 60% from last year’s highs. Any production cut from the cartel controlling a third of the world’s crude would likely push up prices—but only briefly, analysts say, and to the benefit of OPEC’s rival producers. Iran on Thursday rejected a Saudi call to join an OPEC production cut, saying it would move forward with plans to boost its output by 1 million barrels a day after western sanctions over its nuclear program are lifted next year.
Mohawk, North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty substrates for commercial and digital printing, has been named the exclusive North American distributor for The Curious Collection & Conqueror lines of fine papers. Mohawk will oversee all North American distribution, marketing and sales for these product lines beginning January 1, 2016, and will begin accepting orders for The Curious Collection & Conqueror on December 28, 2015.
Effective December 23rd, 2015, Appleton Coated will no longer sell or distribute Curious Collection and Arjowiggins Creative Papers. Mohawk Fine Papers (Mohawk) will be the exclusive North American distributor for Arjowiggins Creative Papers (AWCP) including Conqueror and the Curious Collection. To efficiently manage the transition to Mohawk, note the following key dates: Last Day to order these papers from Appleton Coated is Wednesday, December 23, 2015. Last Day to order samples of these papers from Appleton Coated is Friday, December 11, 2015.
Pacific Sunwear of California, Inc., announced today that net sales for the third quarter of fiscal 2015 ended October 31, 2015, were $205.9 million versus net sales of $212.3 million for the third quarter of fiscal 2014 ended November 1, 2014. Comparable store sales for the third quarter of fiscal 2015 decreased 3%. The Company ended the third quarter of fiscal 2015 with 611 stores versus 620 stores a year ago. On a GAAP basis, the Company reported a net loss of $3.4 million , or $(0.05) per diluted share for the third quarter of fiscal 2015, compared to a net loss of $0.5 million , or $(0.01) per diluted share for the third quarter of fiscal 2014.
The Finnish Market Court has made a decision on an infringement suit filed by Neste against UPM. According to the ruling, the process used at the UPM Lappeenranta Biorefinery is not within the scope of Neste's patent (FI 100248) and thus UPM does not infringe Neste's patent. UPM Biofuels' business and the deliveries of wood-based UPM BioVerno diesel, based on UPM's own innovation, will continue as usual.
L Brands, Inc. reported net sales of $1.169 billion for the four weeks ended Nov. 28, 2015, an increase of 8 percent, compared to net sales of $1.078 billion for the four weeks ended Nov. 29, 2014. Comparable store sales increased 7 percent for the four weeks ended Nov. 28, 2015.
eiko Epson has developed what it believes to be the world’s first*1 compact office papermaking system capable of producing new paper from securely shredded waste paper*2 without the use of water*3. Epson plans to put the new “PaperLab” into commercial production in Japan in 2016, with sales in other regions to be decided at a later date. Businesses and government offices that install a PaperLab in a backyard area will be able to produce paper of various sizes, thicknesses and types, from office paper and business card paper to paper that is colored and scented. A developmental prototype of the PaperLab will be demonstrated at the Epson booth at Eco-Products 2015, an environmental exhibition that will take place at the Tokyo Big Sight from Dec. 10-12.
“We welcome the University of Washington Pulp and Paper Foundation to our network of over 10 U.S. and Canadian universities offering paper science and engineering programs, as well as graphic communications. Over the past four years, several students and professors have engaged with us to help spread our message throughout the academic sector. So many students are studying in these fields and it’s important that the public get the correct facts about print and paper,” says Two Sides North America President Phil Riebel.