On April 5, a nine-person jury found an importer and reseller of counterfeit textbooks guilty of copyright and trademark infringement, and in breach of a previous cease and desist order. The lawsuit was filed by the Educational Publishers Enforcement Group against Book Dog Books and Robert William Management and their owner, Philip Smyres. In its decision, the jury awarded EPEG, which is comprised of Cengage, Pearson Education, John Wiley, and McGraw-Hill Education, a total of $34.2 million in damages, with $20 million for trademark infringement and $14.2 million for copyright infringement. Click Read More below for additional information.

The United States Postal Service (USPS) has announced a proposal for new postage rates set to take effect in early 2025, citing the need to stay competitive and increase revenue. If approved, the change would raise Shipping Services prices by approximately 3.2 percent for Priority Mail service and Priority Mail Express service, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select, according to the announcement on the service's website. The proposed pricing action is part of "Delivering for America," the agency's 10-year plan for "achieving financial sustainability and service excellence."

•Total revenues decreased 5% to $566.7 million. Comparable company sales decreased 9% following a decrease of 8% in the third quarter last year. •J.Crew sales decreased 12% to $430.4 million. J.Crew comparable sales decreased 12% following a decrease of 9% in the third quarter last year. •Madewell sales increased 22% to $107.5 million. Madewell comparable sales increased 13% following an increase of 4% in the third quarter last year. •Gross margin increased to 40.1% from 38.1% in the third quarter last year. Click Read More below for additional information.