Graphic Packaging Holding Company (NYSE: GPK), (the "Company"), a leading provider of packaging solutions to food, beverage, foodservice, and other consumer products companies, today reported Net Income for first quarter 2019 of $57.9 million, or $0.19 per share, based upon 298.2 million weighted average diluted shares. This compares to first quarter 2018 Net Income of $29.9 million, or $0.10 per share, based on 311.3 million weighted average diluted shares.
The Board of Directors of Bemis Company, Inc. (NYSE: BMS) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that Bemis shareholders vote “FOR” Bemis’ combination with Amcor Limited (ASX: AMC).
Evergreen Packaging®, a global leader in fiber-based packaging solutions, together with KidsGardening, today announced the winners of the annual Carton 2 Garden™ contest. Now in its fifth year, the contest promotes life skills such as creativity, leadership, and teamwork by inviting students to work together to build or enhance their school gardens with repurposed milk and juice cartons. A total of $23,000 in prizes is being awarded to 15 schools around the country for their carton garden creations.
On day 1 of E-Pack Europe 2019 in Berlin, a spokesperson for Mars talked about the difficulties of taking candy, usually an impulse buy in the grocery store check-out line, and the challenge of shifting candy sales to an e-commerce model. Bulk purchases of smaller-sized treats tend to become the central focus of efforts, but hardly replace impulse sales. On day 2 of the new Smithers-Pira conference, held in Berlin March 26-28, Roberta Fabretti, E-Commerce Marketing Lead (Europe) for Mondelez, ran through two examples of what could be done with candy—and at a huge profit!
We’re kicking off Earth Week 2019 on April 22, which is International Earth Day. While we incorporate sustainability into all parts of our business every day, we are excited to have a whole week dedicated to enhancing nature’s gifts and improving life in our communities. Colleagues and, at many sites, their family members and friends will raise sustainability awareness through volunteering, learning and playing in the world around us.
Sustainability is the new workplace standard: A global, 20,000-participant survey released by HP found that 61 percent of workers believe sustainability is mandatory for businesses. It also found that employees are more productive, motivated and engaged when working for an employer who is leading the charge in social responsibility.
Store brands are proving to be a powerful weapon for mass merchandisers, warehouse club stores and dollar stores as they compete against both Amazon and other brick-and-mortar retailers. An analysis of the latest Nielsen data reveals that private label dollar volume in the mass retail channel rose 41% over the last five years, compared to a gain of only 7.4% for national brands. The growth lead is even more pronounced when it comes to units, according to Nielsen, whose data showed that store brands volume climbed by 33.2%, while the national brands inched ahead by less than 1%.
Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran. Brent crude futures rose as high as $74.70, a level not seen since Nov. 1, before paring gains as the market gained confidence that global supply would remain robust. By 1255 GMT Brent futures were at $74.12, up 8 cents, or 0.11 percent, from Thursday’s close.
Best Buy announced changes coming to its top leadership ranks on Monday. Current Chairman and CEO Hubert Joly will stay with the company and move into a newly created position, Executive Chairman. Corie Barry, currently Chief Financial and Strategic Transformation Officer, will become CEO effective at the completion of the company’s annual meeting of shareholders on June 11.
This June, Macy’s (NYSE:M) will kick-off its annual Pride + Joy national LGBTQ Pride Month celebrations with its customers, colleagues and local communities in commemoration of Stonewall 50 and World Pride NYC. A key component of that celebration is its nationwide partnership with The Trevor Project. In mid-May, Macy’s and The Trevor Project will begin the roll-out of a series of initiatives aimed at raising funds and awareness for Trevor’s life-saving mission and services for at-risk LGBTQ young people, highlighting Macy’s long-standing commitment to diversity, equality, inclusion, and respect for all.