Walmart Releases Q3 FY22 Earnings

L Brands, Inc. reported net sales of $853.9 million for the four-week period ended March 3, 2018, compared to net sales of $765.5 million for the four-week period ended Feb. 25, 2017. Comparable sales for the four weeks ended March 3, 2018, increased 3 percent compared to the four weeks ended March 4, 2017. The company has authorized a new $250 million share repurchase program, which includes the remaining $23.1 million outstanding under the previous program.

Looking to buy a nose hair trimmer, wearable neck air conditioner or holographic fish tank from the always quirky Hammacher Schlemmer catalog? Time may be running out. Last week, the Chicago company laid off 21 employees — most of its staff — in a brief video conference call, according to four former employees who lost their jobs. “They told us that Hammacher was going to cease operations, and that all of our positions were effectively gone,” said Carol-Joy Kilpatrick, 50, of Tinley Park, senior art director at Hammacher Schlemmer for 19 years. “I’m devastated.” It is unclear what the company’s plans are for the venerable brand, the oldest catalog retailer in the U.S. Hammacher Schlemmer, which was acquired last year by S5 Equity, a California-based investment firm, did not respond to multiple requests for comment. Deposited in nearly 50 million mailboxes each year, the most recent catalog was canceled before going to the printer this month, Kilpatrick said, a first in her two-decade tenure with the company.

Barnes & Noble announces the shortlists for the Barnes & Noble Children’s & Young Adult Book Awards. These annual awards give a national platform to new and emerging talent in Children’s Publishing. The shortlist in each category of Picture Books, Young Readers and Young Adult is selected by the booksellers at Barnes & Noble who specialize in Children’s bookselling in stores across the country. Barnes & Noble has an astonishing track record for discovering, establishing and championing the careers of many authors with its Book Clubs, Monthly Picks and Book of the Year, and the Children’s & YA Book Awards play a similar role, launching hitherto little-known authors that will shape children’s literature for years to come. Last year, for its inaugural Overall Winner, B. B. Alston’s debut, Amari and the Night Brothers, enchanted the hearts of Barnes & Noble booksellers from coast to coast and went on to achieve extraordinary success.