Print Unit Sale Rose 8.7% At the End of November (publishersweekly.com)

For the 53-week fiscal year ended February 3, 2024, net earnings were $134 million and diluted EPS was $0.82, with earnings before interest and taxes ("EBIT") of $251 million, or 1.8 percent of sales. Excluding charges related to the wind-down of Canadian operations reported in the first and third quarters and a supply chain asset impairment charge in the fourth quarter, adjusted EBIT was $567 million, or 4.0 percent of sales, and adjusted EPS was $2.12 for fiscal 2023.1 For the fourth quarter, total Company net sales increased 2.2 percent versus the same period in fiscal 2022, inclusive of approximately $190 million related to the 53rd week, and gross merchandise value ("GMV") increased 2.0 percent. Nordstrom banner net sales decreased 3.0 percent and GMV decreased 3.4 percent compared with the fourth quarter of 2022. Net sales for Nordstrom Rack increased 14.6 percent.

Over the last two decades, technology has become part of almost every facet of our lives. The expansion of broadband, smartphones and portable technology has changed how we communicate, access information, work and learn. While many of these changes are positive, there is growing evidence that this isn’t always the case. In recent years, there has been a gradual shift away from paper-based learning materials in schools toward digital and online tools. This shift accelerated rapidly during the pandemic when almost all schools moved lessons online. Research has shown that this increasing reliance on digital methods and resources may be negatively affecting the ability of students to learn and remember information. There is also growing concern about the impact of digital technology on mental and physical health. A 2018 meta analysis examined 54 studies involving more than 171,000 readers that compared reading from digital text with reading from printed text. The analysis found that comprehension was better overall when people read printed as opposed to digital texts.

In times of crisis, we believe in stepping forward to help communities in need. And as we watched floodwaters rise in Kentucky, we knew it was again time to take action. Hundreds of people – from our associates to community members who make our stores part of their daily routine – have lost their homes, lost power or lost access to clean water. That’s where we decided to place our focus. Walmart, Sam’s Club and the Walmart Foundation have committed $750,000 in water, food and funding to organizations providing relief, and we’re working to make essential resources like showers and laundry available in our parking lots and supporting shelters. Since last week, more than 20 Walmart trucks carrying water and essential supplies have arrived in some of the hardest-hit Kentucky communities. And there are more on the way.