USPS Delays Parcel Service Slowdown (multichannelmerchant.com)

The Company reported fiscal 2018 first quarter total revenues of $2.06 billion, a 5% increase compared to $1.97 billion in the prior year period, reflecting continued growth in the Digital Real Estate Services segment, the acquisitions of Australian Regional Media (“ARM”) and Wireless Group plc (“Wireless Group”) and a $26 million positive impact from foreign currency fluctuations. Growth was partially offset by lower print advertising revenues at the News and Information Services segment. Adjusted Revenues (which exclude the foreign currency impact, acquisitions and divestitures as defined in Note 1) increased 1%. Net income for the quarter was $87 million as compared to nil in the prior year. The increase was primarily driven by higher Total Segment EBITDA, as discussed below, and lower depreciation and amortization expense, partially offset by higher income tax expense associated with higher pre-tax income. Click Read More below for additional information.

Fourth-quarter service performance for July 1 through August 6 included: *First-Class Mail: Delivered 88.9 percent of First-Class Mail on time against the USPS service standard, an improvement of 1.4 percentage points from the third quarter. *Marketing Mail: Delivered 92.6 percent of Marketing Mail on time against the USPS service standard, an improvement of 1.6 percentage points from the third quarter. *Periodicals: Delivered 82.9 percent of Periodicals on time against the USPS service standard, an improvement of 3.6 percentage points from the third quarter. For the week of July 31 – August 6, Periodicals, including newspapers and magazines, reached the highest service performance level (84.8 percent) reported for that category in nearly a year and a half, since the week of March 28 – April 3, 2020 (85.3 percent).

Shoe Carnival acquired Rogan’s Shoes, the retailer announced Feb. 13. The deal was worth $45 million, it said in a statement. Shoe Carnival is No. 335 in the Top 1000. The Digital Commerce 360 database ranks North America’s leading retailers by online sales. The footwear retailer expects to see benefits from the acquisition in its 2024 fiscal year. Adding Rogan’s to Shoe Carnival’s portfolio will generate approximately $84 million in sales and $10 million in operating income in 2024, the retailer said. That doesn’t include transaction and integration costs. Rogan’s is 53 years old, with 28 locations across Wisconsin, Illinois and Minnesota. The acquisition makes Shoe Carnival the market leader in Wisconsin and establishes a store base in Minnesota.