- Michaels has acquired Joann’s intellectual property and private labels as its own customers’ interest in sewing grows, the company said Thursday. Michaels did not acquire any physical Joann locations as part of this transaction, a company spokesperson said by email.
- The spokesperson declined to disclose the purchase price and didn’t address questions about how it might use Joann’s logo or other trademarks, except to say it will be developing Joann private brands Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear.
Joann’s future a mystery as Michaels snaps up IP, private labels | Retail Dive
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Print publications are facing many challenges, not the least of which is one caused by that old partner: The U.S. Postal Service. The USPS has issued a rule that allows it to revoke an audit bureau’s authority to validate requesters, according to the National Newspaper Association (NNA). Requester newspapers are those that have more than 50% of their circulations paid or requested. That includes paid single-copy sales. The USPS can withdraw the audit bureau’s authority if it finds that its procedures are inadequate.
Unit sales of print books in the week ended Mar. 12, 2018, inched ahead 1% over the comparable week in 2017, at outlets that report to NPD BookScan. For the third consecutive week, the juvenile categories drove the sales gains. Unit sales in the juvenile nonfiction segment rose 8% over the week ended Mar. 11, 2017. Although children’s board books had a good week overall (unit sales were up 17%), two Chelsea Clinton titles helped lift sales in the category. She Persisted Around the World by Clinton and Alexandra Bolger sold more than 11,000 copies in its first week. The book is a follow-up to the pair’s She Persisted, which sold nearly 8,000 copies in the week, putting the titles in second and sixth place, respectively, on the category bestseller list. The release of the film A Wrinkle in Time pushed up two editions of the Madeleine L’Engle book into the first and sixth spots on the juvenile fiction bestseller list, helping raise unit sales in the segment 7%. Click Read More below for additional information.
The Book Manufacturers’ Institute (BMI) released the February results for its monthly survey on capacity and lead times for soft cover and hard cover books. This month’s survey also featured an update to the questions, factoring in both digital and offset printing methods. In looking at digital printing, the average hard cover capacity is only 59%. That is well below the January overall capacity number. Lead time for digital hard cover books is only 21 days. Digital soft cover books are running at 68% capacity and 17 days lead time. Both of those numbers are less than the overall January numbers as well. According to responses regarding offset printing, hard cover manufacturers are running at 76% of their capacity, with a 40 day lead time. The average soft cover capacity usage is 82% which is higher than the January overall average. Offset soft cover lead time is 27 days, continuing the trend of overall soft cover lead times going down.