NRF forecasts nonstore sales will grow up to 9% in 2024

S&P Global is suspending financial guidance for the full year 2022. Macroeconomic conditions have deteriorated since S&P Global Inc. last provided financial guidance on May 3, 2022, negatively impacting the Company's expectations for GDP growth and debt issuance volumes. Given the volatility and uncertainty in the issuance environment, the Company cannot affirm its previously issued guidance and expects to reintroduce formal financial guidance in conjunction with its second quarter 2022 earnings results. Debt issuance volumes have been extraordinarily weak year-to-date. Should similar trends continue through the end of 2022, market issuance could see year-over-year declines in the high teens. Rated, or billed, issuance could be approximately 30-35% lower than the previous year, and leveraged loan volumes could be approximately 40% lower. In such a scenario, Ratings revenue could be negatively impacted by as much as $600 million relative to previous revenue guidance and the Company would expect Ratings adjusted operating margin in the high 50s range.

What could be more exciting than the end of the school year? For many students, the answer is graduation season. May and June mark the end of one chapter and the beginning of another in many families’ lives. And paper is there every step of the way, even in this digital world. What would graduation season be like without paper? Just imagine that you’re walking across the stage on your graduation day. A crowd of family and friends are in the audience to cheer you on. You reflect on your achievements and consider where you’ll hang your beautiful framed diploma. You shake hands with a school official, and then you hear, “Congratulations on your graduation! Log on to our website to access your diploma.” Click Read More below for additional information.

The lack of a breakout print hit did not prevent unit sales in the first half of 2017 from being 3% higher than in the first six months of last year, at outlets that report to NPD BookScan (which captures 80%–85% of print unit sales). Units for the January–June period in 2017 were 310.7 million, up from 302.8 million a year ago. Just as it was in the first six months of 2016, the backlist favorite Oh, the Places You’ll Go! by Dr. Seuss was the most popular title in the first half of this year, selling more than 482,000 copies (up from 458,000 copies in January–June 2016). All four of the major segments did better this year than in the first six months of 2016. Juvenile fiction had the best performance, with unit sales up 5%. In addition to higher sales of Oh, the Places You’ll Go!, the segment benefitted from strong sales of two editions of Thirteen Reasons Why by Jay Asher, which together sold approximately 500,000 print copies. The animal category had the biggest gain among juvenile fiction segments, with sales up 21%. Click Read More below for additional detail.