•Second quarter net earnings were $141 million compared with $162 million during the same period in fiscal 2018. •Earnings before interest and taxes (“EBIT”) were $216 million, or 5.7 percent of net sales, compared with $246 million, or 6.2 percent of net sales, during the same period in fiscal 2018. The decrease was driven primarily by lower sales volume. •In Full-Price, net sales decreased 6.5 percent compared with the same period in fiscal 2018. Off-Price net sales decreased 1.9 percent. •Total company digital sales grew 4 percent and represented 30 percent of the business. •Gross profit, as a percentage of net sales, of 34.5 percent decreased 50 basis points compared with the same period in fiscal 2018.
The Secaucus, N.J.-based, private equity-backed B2B media company mainly serving the travel and hospitality space has acquired travAlliancemedia, Buying Business Travel Media and CAT Media in a trio of separate deals announced Monday and Tuesday.
TravAlliancemedia, also based in New Jersey, operates TravelPulse.com—which it says reaches 90% of all U.S.-based travel agents —offshoots TravelPulse Canada and TravelPulse Mexico, a twice-monthly print magazine, Agent at Home, as well as an online education and content marketing business geared toward travel agents in North America. It was founded in 2002 as Performance Media before rebranding to travAlliance in 2011.
As a result of the sale, travAlliance founder and CEO Mark Murphy will transition into an advisory role for the combined company, which Northstar chairman and CEO Tom Kemp says will yield “an unparalleled portfolio of marketing services, online media, events and marketing tools serving the travel advisory community.”
more at: https://www.foliomag.com/northstar-travel-eyes-international-expansion-three-acquisitions/