Grainger (NYSE: GWW) today reported results for the 2019 first quarter. Sales of $2.8 billion in the quarter increased 3.0 percent daily versus $2.8 billion in the 2018 first quarter. On a constant currency basis, daily sales were up 4.0 percent and up 4.5 percent after normalizing for the impact of a prior year change in accounting estimate. More specifically, a small group of U.S. customers were transitioned from the cash to accrual basis of accounting as a result of their improved credit profile. The first quarter had one less selling day than the prior year period.
The UPS Store, Inc. is inviting entrepreneurs and small business owners from across the country to enter the Small Biz Challenge, a contest that is offering eligible small business owners a chance to win up to $25,000 and an editorial feature in Inc. Magazine.
The iconic Red Nose has returned to Walgreens for its fifth year in support of Red Nose Day, this time with help from some friends. The new Red Nose Day Everyday Heroes hit the shelves of Walgreens and Duane Reade locations nationwide this morning, officially launching the six-week fundraising campaign. The limited-edition Everyday Hero Red Noses – to wear in support of Red Nose Day on Thursday, May 23 – are available for $2 each through June 1, with all profits from sales benefitting Red Nose Day.
Postal Center International (PCI) has come a long way from its founding by Arturo and Susan Echarte in April 1984 as an establishment that handled certified mail, parcels and Priority Overnight packages for clients that couldn't meet their USPS pickup deadlines. Now, 35 years later, PCI is the largest transactional printing, postal and mail processing service organization in South Florida, employing 250 workers and generating approximately $80 million in annual revenues.
Net sales for the first quarter were $1.35 billion, an increase of $47.5 million, or 3.6%, from last year’s first quarter. The improvement reflects sales added by acquisitions and higher selling prices. Foreign exchange rate declines negatively impacted first quarter sales by approximately $38 million.
There’s no shortage of headlines about storied print publications scaling back or shutting down entirely. Ad Age, for one, called it a category in “secular decline” in its 2019 Publishers A-List. From a media perspective, print publishers have a unique opportunity to reinvigorate their brands. If we treated these publishers the way we do clients, I’d tell them that they have storied legacies and enormous amounts of brand equity—what they need now is to evolve their offerings in a way that puts print in the center of a more disruptive offering.
International Paper (IP) will acquire DS Smith's French subsidiary DS Smith Packaging Normandie with two sites in Saint-Amand and Cabourg and the former Europac Ovar plant in Portugal for €63m, according to Euwid. The acquisition is reportedly creating additional integration value with IP's recycled containerboard mill in Madrid.
Sales of $4.6 billion in the first quarter of 2019 were down 2 percent compared to the year-ago period. Changes in foreign currency exchange rates reduced sales by 5 percent. Organic sales increased 3 percent. Net selling prices rose approximately 4 percent and product mix improved 1 percent, while volumes fell about 2 percent. In North America, organic sales increased 1 percent in both consumer products and K-C Professional. Outside North America, organic sales rose 7 percent in developing and emerging markets and 1 percent in developed markets.
Graham Kissack, vice president of environment, health, safety and communications with Paper Excellence, said paper machines 10 and 11 will be curtailed from April 19 to May 2. Paper Excellence will continue to operate the boiler and energy island and will continue to supply power to the electricity grid in British Columbia during the curtailment.
Crown Holdings, Inc. announced its financial results for the first quarter ended March 31, 2019. Net sales in the first quarter were $2,755 million compared to $2,197 million in the first quarter of 2018 reflecting the impact of the Signode acquisition in April 2018 and increased beverage and food can volumes, offset by $100 million of unfavorable currency translation impact.