Total revenue was $130.4 billion, an increase of $2.3 billion, or 1.8%. Excluding currency2, total revenue was $131.7 billion, an increase of $3.7 billion, or 2.9%. Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth. Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery. Sam's Club comp sales1 increased 1.2%, and eCommerce sales grew 35%. Reduced tobacco sales negatively affected comp sales by 300 basis points.
The Old Town Paper Mill is once again up and running. "That mill is not just good for Old Town -- it's very good for Old Town, as far as its tax base, but the jobs, the very good paying jobs with benefits," former Old Town City Councilor Jack Cashman said. "It's good for the whole area, not just Old Town." There will be 130 of those good paying jobs at the Old Town Mill. The mill was bought by Hong Kong-based Nine Dragons Paper last year. ND Paper also owns the mill in Rumford. This has government leaders convinced the company is committed to Maine.
R.R. Donnelley & Sons Company was recognized by Hormel Foods Corporation with a 2018 Spirit of Excellence Award for its work on the company’s labeling throughout the year. “We are grateful for the trust Hormel Foods Corporation has instilled in us to continually execute on their behalf through the years,” said Bruce Hanson, President, RRD Labels & Forms. “Being recognized with the Spirit of Excellence Award is an honor and a testament to how our teams collaborate with each of our clients to get the job done. We have and will continue to work seamlessly with Hormel Foods to ensure we are providing high quality label products and solutions that enable their business units to function at peak performance.”
Print service providers don’t always mail what they produce for their clients, but when they do, they must be clear about the rules and regulations administered by the U.S. Postal Service. Generating mailings (or even designing mailings) without considering the mailing requirements can blow the client’s budget, cause delivery delays, or depress campaign results. In severe cases the postal service might even reject the mail. Help clients get the most from their investments in printed and mailed communications and generate worry-free mail by being informed about mailing requirements. Move Update - Move update is the USPS’ regulation aimed at decreasing the volume of mail that requires forwarding, disposal, or returning to the sender. In-Home Dates can Fluctuate - Timing is important. Clients want assurance of when their marketing mail will be delivered but predictability isn’t always easy.
Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session’s sharp gains after the United States said it would delay tariffs on some Chinese products. Data from industry group the American Petroleum Institute (API) showed U.S. crude stocks unexpectedly rose last week. Crude inventories increased by 3.7 million barrels to 443 million, compared with analyst expectations for a decrease of 2.8 million barrels, the API said.
Sustainability is one of the most discussed topics these days, especially in terms of packaging. For both packaging companies and food producers, new regulations and laws present challenges. On July 4th Alexander Kayser, General Manager Europe for Rapak, a global leader in flexible packaging for liquids, shared the company´s outlook on sustainability trends in a food industry event in Heidelberg, Germany. Trend 1: All eyes on plastic - While the attention on plastic waste is growing from the public, government and lobbyists, the world is starting to realize that not all plastic is equal. Trend 2: Buy in bulk - With the aim to reduce packaging waste, consumers are more and more prone to buy products in larger quantities. The industry´s innovations are geared towards providing them with new solutions. Trend 3: E-delivery challenge - 48% of consumers believe online stores need to do a better job of sending delivery items in packaging that better fits the products size, according to Mintel.
Electronics For Imaging, Inc. announced the appointment of Jeff Jacobson, a 30-year veteran of the digital imaging and industrial technology sector, as Chief Executive Officer, effective immediately. Mr. Jacobson will retain his position as Executive Chairman. Mr. Jacobson succeeds Bill Muir, who is stepping down for personal reasons. Prior to joining EFI, Mr. Jacobson served as Chief Executive Officer of Xerox. Mr. Jacobson also served as both President of Xerox's Technology Business and President of Xerox's Global Graphic Communications Operations. Prior to joining Xerox in 2012, Mr. Jacobson was the Chairman, President and Chief Executive Officer of Presstek, a leading manufacturer of digital offset printing solutions.
The Company recognized net income of $14.5 million ($0.44 per share) in the second quarter of 2019 compared to net income of $14.7 million ($0.44 per share) in the second quarter of 2018. Net income from ongoing operations, which excludes special items, was $11.7 million ($0.35 per share) in the second quarter of 2019 compared with $11.5 million ($0.35 per share) in the second quarter of 2018. John Steitz, Tredegar’s president and chief executive officer, said, “Overall PE Films profits declined mainly from the previously disclosed lost business relating to a customer product transition in our Personal Care component. Our Surface Protection component of PE Films had record contribution to our quarterly operating profits and continued to benefit from a delay in a possible future customer product transition. Personal Care remains very focused on getting new business as well as cost reduction initiatives.”
New leadership roles include: •Jeffrey Hamill has been elevated to executive vice president, chief media officer for Hearst Magazines. In this newly created role, Hamill, who has served as executive vice president of sales and marketing for Hearst Integrated Media since 2012, will have oversight of all corporate contract negotiations, pricing strategy and agency partnerships. •Todd Haskell has been promoted to senior vice president, chief marketing officer for Hearst Magazines. Haskell, who has been driving digital sales revenue growth for Hearst Magazines as senior vice president, chief revenue officer since 2013, will be responsible for all corporate marketing functions for the company. He will also work closely with the marketing teams across the division’s portfolio of brands, while leading Hearst Magazines’ marketplace positioning and communications. •Tom Kirwan has been elevated to vice president, chief revenue officer of Hearst Media Solutions, a recently integrated corporate group that provides multi-platform, multi-brand client solutions and delivers a unified approach to the market. In his new role, Kirwan, who has been vice president of national sales and key accounts for the digital division of Hearst Magazines since 2013, will be responsible for corporate revenue across all platforms for the company’s portfolio of more than 25 brands, working in partnership with Hamill.
“Macy’s, Inc. delivered another quarter of comparable sales growth. That said, we had a slow start to the quarter and finished below our expectations. Rising inventory levels became a challenge based on a combination of factors: a fashion miss in our key women’s sportswear private brands, slow sell-through of warm weather apparel and the accelerated decline in international tourism. We took markdowns to clear the excess Spring inventory and are entering the Fall season with the right inventory to meet anticipated customer demand,” said Jeff Gennette, Macy’s, Inc. chairman & chief executive officer. “While we had seasonal inventory challenges in Spring, there are many areas of the business that are performing well, notably our Destination Businesses. We continue to see healthier sales within our brick and mortar business, led by our Growth50 stores and Backstage expansion. Our digital business posted its fortieth consecutive quarter of double-digit growth, and mobile remained our fastest growing channel.”