Conde Nast Shakes Up Leadership, Names Wintour Chief Content Officer (mediapost.com)

Revenue at Scholastic rose 3% in the third quarter ended February 28, over the comparable period a year ago, from $336.2 million to $344.7 million. However, investments to improve the company’s profitability and one-time charges led to a net loss of $49.2 million in the most recent quarter, up from $15.4 million a year ago. Despite the higher loss, Scholastic chairman Dick Robinson said the company’s results were in line with expectations. He noted that Scholastic is upping its per-share earnings forecast for the fiscal year ending May 31.

Kohl’s Corporation provided the following update regarding the Board of Directors’ ongoing review of expressions of interest in acquiring the Company. The Board acknowledged receipt of multiple preliminary indications of interest. The proposals received are non-binding and without committed financing. The Board has authorized Goldman Sachs to coordinate with select bidders who have submitted indications of interest to assist with further due diligence so that they have the opportunity to refine and improve their proposals and include committed financing and binding documentation.

The electronics retailer, which has no physical presence in Massachusetts, says the state's demand that it collect and remit tax from online sales there is unconstitutional. Massachusetts officials want Crutchfield Corp. to fork over sales taxes for online transactions made their state, and the Virginia-based consumer electronics retailer is going to court over the request. Crutchfield, No. 190 in the Internet Retailer 2017 Top 500, on Tuesday filed a complaint in a Virginia court seeking a declaratory judgment to exempt it from Massachusetts’ efforts to collect sales tax for online transactions, despite the fact that Crutchfield has no physical presence there. Click Read More below for additional information.