Today’s college students have grown up in a digital world, so one might expect that most of them would prefer e-textbooks to print on paper, but that’s not the case according to a new survey conducted by Direct Textbook, a free textbook price comparison service. The survey reports that 62% college students prefer print textbooks to e-textbooks. This represents a 10% decline in print textbook preference since 2015, when 72% of students reported favoring print textbooks, but it doesn’t mean students are embracing e-textbooks. Despite the growing e-textbook market, student preference for e-textbooks increased by just 2% from 2015 (27%) to 2021 (29%), while the number of students who have no preference increased by nearly 8% over that same period. Students who prefer print textbooks say they are easier to read and that they have trouble concentrating on e-textbooks. They also like that no internet is required. And 25% say they end up printing e-textbook pages anyway.

Penguin Random House is offering enhanced two-day shipping for independent booksellers starting October 1 and running through March 1, 2022. Of particular note, the company is waiving the minimum-retail-value requirement for orders. The program covers frontlist and backlist titles from all PRH's divisions as well as all the clients of Penguin Random House Publisher Services. The enhanced service also comes as concerns over possible supply chain disruptions grow, something alluded to in a statement from Jaci Updike, president. U.S. sales, for PRH: “While we can’t 100% predict what the supply chain will look like in the fourth quarter this year, we do know that rapid replenishment is a key element of profitability and success at the all-important holiday season, and as always, we want to step up our efforts to get books into stores as quickly as possible. Some things are out of our control – including the unprecedented challenges the shipping companies are facing – but the PRH team is committed to going above-and-beyond to pick and pack indie orders with full speed,” Updike said.

Gannett Co., Inc. announced that it is seeking to opportunistically refinance its existing term loan under its senior secured credit facilities. The Company intends to issue senior secured notes to refinance a portion of the term loan and refinance the remainder of the existing term loan with a new senior secured term loan. The proposed refinancing transactions are subject to market and other conditions, and the Company can give no assurances that it will complete any such transactions, in whole or in part, or as to the amount or timing of any such transactions. The new senior secured term loan would be in a principal amount up to $550 million (the “Credit Agreement”). Gannett Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company, would be the borrower under the Credit Agreement (the “Borrower”), and lenders are anticipated to include funds managed by affiliates of Apollo Capital Management L.P. Upon closing, the net proceeds of the loans will be used to refinance a portion of the Company’s existing term loan.

A funding boost for the Federal Trade Commission to create a new data protection bureau should be accompanied by a national privacy law, ad industry groups say. "The U.S. needs both a strong privacy regulator and a rational, comprehensive national consumer privacy law,” Leigh Freund, CEO and president of the self-regulatory organization Network Advertising Initiative stated Monday. She added that while the FTC needs more resources, increasing funding without establishing a national standard “will still leave U.S. consumers and businesses subject to a jumble of incompatible state and international laws.”

Skyrocketing demand for boxes and packing materials during the pandemic has slashed paper production across North America, and it couldn’t have come at a worse time for retail companies. “We’re starting to hear, ‘We’re out of paper,‘” said Polly Wong, president of San Francisco-based direct-marketing firm Belardi Wong, noting that some of her clients already missed their fall advertising campaigns due to issues at the printers. Ms. Wong estimates that 100 million catalogs will not be printed or reach U.S. homes in time for the year’s biggest spending season as a result. “It kind of put our industry up in a panic.” With some mills converting to cardboard to meet the spike in e-commerce deliveries and others shutting down altogether, more than 2.5 million metric tons of North American printing and writing paper capacity — or nearly one-fifth of 2019 levels — has come offline since the start of last year. more at source

If you're like me, sending a letter or package across the country through the US Postal Service feels like a game of chance. Will it get there in a week -- or two? During the first quarter of this year, around 20% of first-class mail across the US was delivered late. And now snail mail is about to get slower for some of the 160 million residences and businesses that rely on the Postal Service. Starting Oct. 1, the USPS will implement new service standards for its first-class mail and packages, lengthening delivery time for about 30% of its volume. That means some letters, parcels and magazine subscriptions traveling longer distances could take up to five days to arrive, instead of two or three days. The changes are part of a 10-year plan called Delivering for America to overhaul the agency and try to tackle its $160 billion debt. The plan would also reduce post office hours and raise prices for customers, and there'll be even more postage hikes during the peak holiday season. more at source

Quarter-to-date service performance data for July 1 through Sept. 17 included: *First-Class Mail: Delivered 88.3 percent of First-Class Mail on time against the USPS service standard, an improvement of 0.8 percentage point from the third quarter. *Marketing Mail: Delivered 92.5 percent of Marketing Mail on time against the USPS service standard, an improvement of 1.5 percentage points from the third quarter. *Periodicals: Delivered 82.2 percent of Periodicals on time against the USPS service standard, an improvement of 3 percentage points from the third quarter. Service performance in recent weeks has been affected in markets impacted by Hurricane Ida and ongoing employee availability challenges posed by COVID-19. Delivering for America, the Postal Service’s 10-year plan for financial sustainability and service excellence, seeks to meet or exceed its goal of 95 percent on-time service performance for all mail and shipping product delivery based on standards as all elements of the plan are implemented. The Postal Service continued preparations for the higher delivery demands of the 2021 holiday peak season this week. Ongoing efforts have included a national drive to hire delivery and plant personnel that is expected to result in an additional 40,000 seasonal hires by year-end, the leasing of 7.5 million square feet of additional space across more than 40 multiyear annexes where we are experiencing year-round space constraints due to parcel growth, and the installation of new processing equipment to accommodate higher volumes reflecting customers’ delivery needs. Since April, the Postal Service has installed 65 of 112 new package sorting machines, reflecting the Delivering for America plan’s $40 billion of planned investment over ten years. Additionally, more than 50 package systems capable of sorting large packages are expected to be deployed prior to December. 4.5 million additional packages can be sorted each day utilizing newly deployed package sortation equipment.

Costco Wholesale Corporation announced its operating results for the 16-week fourth quarter and the 52-week fiscal year, ended August 29, 2021. Net sales for the quarter increased 17.5 percent, to $61.44 billion from $52.28 billion last year. Net sales for the fiscal year increased 17.7 percent, to $192.05 billion from $163.22 billion last year. Net income for the fourth quarter was $1.670 billion, or $3.76 per diluted share, compared to $1.389 billion, or $3.13 last year. This year’s fourth quarter was negatively impacted by a write-off of certain information technology assets of $84 million pre-tax ($0.14 per diluted share). Last year’s fourth quarter was negatively impacted by incremental expense related to COVID-19 premium wages and sanitation costs of $281 million pretax ($0.47 per diluted share) and a $36 million pretax charge ($0.06 per diluted share) related to the prepayment of $1.5 billion of debt, partially offset by an $84 million pretax benefit ($0.15 per diluted share) for the partial reversal of a reserve related to a product tax assessment taken in fiscal year 2019. Net income for the fiscal year was $5.01 billion, or $11.27 per diluted share, compared to $4.00 billion, or $9.02 per diluted share in the prior year.

While UPS buys its way into last mile and on-demand delivery with Roadie, the U.S. Postal Service is piloting a same/next-day delivery service in Texas, geared toward local business-to-consumer orders that companies bring to a local USPS office to get a discounted rate. During the pilot of USPS Connect Local, small businesses can print prepaid labels using using ClickNShip, the USPS’s labeling system, and bring their packages to the dock of a post office near the final destination. The discounted rates are normally reserved for large-volume shippers. Packages must be dropped off by 7 a.m. for same-day delivery, otherwise it’s a next-day service. USPS Connect Local, launched in July, is part of the agency’s 10-year Delivering for America plan, which has a goal of adding $24 billion in net revenue growth over that period.

As supply chain issues continue to plague the retail sector, booksellers have become some of the most vocal voices online to warn of coming shortages this holiday season. This past weekend, some authors took to Twitter to urge readers that, if they want copies of their books in time for the holiday season, they needed to place their orders now. Independent bookstores, too have told customers to plan ahead. “If you think you might need a book in this last chunk of the year, please consider ordering soon,” Washington, D.C.-based East City Bookshop posted on Twitter, citing tightening in the supply chain. It isn’t just books: a complex combination of worker shortages, increased overseas shipping costs and raw material shortages have impacted companies ranging from Peloton to Ravensburger, a popular maker of jigsaw puzzles, said this week that it would halt all orders of its games for the foreseeable future. But book publishers are especially vulnerable because they order new book printings based on consumer demand, and to keep a popular title in stock, they depend on getting those new printings out to customers quickly. As the timelines for new printings are stretched further and further, publishers face the real possibility of running out of some books ahead of the holidays.

Pearson English announces the global launch of a new pre-primary course My Disney Stars and Friends, working alongside Disney. It features stunning Disney artwork, stories and themes suitable for the youngest learners. Pearson’s learning materials are at the forefront of educational trends and needs. My Disney Stars and Friends includes a focus on social and emotional learning, personal wellbeing, and puts learners on a clear and measurable learning path. They will be followed by a captivating series of MARVEL Cinematic Readers for teenagers and adults in the autumn. The new Disney-themed course can be used for teaching in school and home environments or a blended approach. This gives teachers flexibility and supports educators, parents and learners alike.

To help customers better prepare for a new Market Dominant price adjustment schedule, the Postal Service will not raise prices on Market Dominant products, including Forever stamps, in January 2022. Instead, the next Market Dominant price adjustment is scheduled to happen in July 2022. Beginning January 2023, Market Dominant price adjustments will occur twice a year, (e.g. January 2023, July 2023, January 2024, July 2024, etc.). Market Dominant products include First-Class Mail (FCM), USPS Marketing Mail, Periodicals, Package Services* and Special Services. July 2022 rate authority will include ten months of CPI plus retirement, density, and non-compensatory class authorities as determined by the Postal Regulatory Commission (PRC).The January rate authority will include six months of CPI, plus any unused rate authority.Subsequent July rate authority will include six months of CPI plus the retirement, density, and non-compensatory class authorities and any remaining unused rate authority.

The early months of the pandemic led to shortages of toilet paper, hand sanitizer, disinfectant wipes, meat and more. And a year and a half later, at least one supply chain in the U.S. is still experiencing disruptions. The nation's paper supply is running thin, impacting envelopes, books, paper bags and beyond, NBC News correspondent Kerry Sanders reported on TODAY Tuesday. One bride-to-be planning a wedding for November, Gabriella Santaniello, told TODAY that her invitations were delayed for weeks because her vendor didn't have enough paper to print the envelopes. "I panicked. I didn’t expect for them to come back with that answer," she recalled. Another impacted industry? Booksellers. Barnes & Noble saw a surge in sales at the height of the pandemic but could deal with supply chain issues during the holiday season. "The problem comes as we get closer into the holiday and really close to Christmas when some books start selling a bit more than we expect," Barnes & Noble CEO James Daunt told TODAY. "Then there’s a problem because then you can’t reprint and or rather the capacity for reprint is limited."

By any measure, the first half of 2021 was a good period for trade book publishing. Revenue at the companies that report trade sales to the Association of American Publishers’ StatShot program rose 17.6% over the first six months of 2020; NPD BookScan reported that unit sales increased 18.5% in the period; and bookstore sales jumped 30% over what was a miserable first six months of 2020. So it comes as no surprise that the four publicly traded major publishers also posted strong increases in the period. Of particular note is the fact that while sales were strong, profits were even better, with operating margins showing healthy gains. In general, the publishers cited higher sales of both backlist books and digital content, especially digital audiobooks, for the improved margins. Though supply chain issues and the uncertainty over the delta variant are causing some concerns about how the rest of the year will unfold, publishers are hoping that the increased interest in reading will carry over through the 2021 holiday season and beyond.

Women’s magazine Marie Claire is ending its US print edition after 27 years, The Post has learned. The magazine, which was sold by Hearst to British publisher Future Media in May, quietly informed its subscribers via a letter that its Summer 2021 issue would be its last. Marie Claire subscribers will instead receive a print copy of Harper’s Bazaar, the fashion publication owned by Hearst, for the rest of their subscription terms, according to the letter, which was signed by Bazaar editor in chief Samira Nasr. “I have some news to share: After the Summer 2021 issue, Marie Claire will no longer be available as an annual subscription but will instead focus on its vibrant digital platforms– Marieclaire.com, Instagram, Snapchat, etc.,” Nasr said.

Quarter-to-date service performance data for July 1 through Sept. 3 included: *First-Class Mail: Delivered 88.7 percent of First-Class Mail on time against the USPS service standard, an improvement of 1.2 percentage points from the third quarter. *Marketing Mail: Delivered 92.8 percent of Marketing Mail on time against the USPS service standard, an improvement of 1.8 percentage points from the third quarter. *Periodicals: Delivered 82.6 percent of Periodicals on time against the USPS service standard, an improvement of 3.3 percentage points from the third quarter. During the week of Aug. 28 - Sept. 3, the Postal Service quickly prepared for and responded to Hurricane Ida, a category 4 hurricane, which made landfall in Louisiana on Aug. 29. Due to the hurricane, network service delays occurred as the storm temporarily suspended USPS operations in parts of Louisiana and other Gulf Coast and Atlantic areas in the hurricane’s path.

Who doesn’t feel a rush of joy when they open a handwritten card or letter received in the mail? Many of us rediscovered the simple, yet powerful pleasures of keeping in touch with pen, paper and a postage stamp during the pandemic. Later this month, everyone across America – and around the globe – is invited to send a card, deliver a smile and together create a much-needed wave of happiness during Thinking of You Week. Celebrated September 20 to 26, Thinking of You Week is an international movement to celebrate the joy of sending and receiving hand-written notes and greeting cards. Launched in the United Kingdom in 2014, the celebration was brought to the U.S. by the Greeting Card Association in 2018.

Walmart Inc. announced a cross-platform partnership with Meredith Corporation to help millions of busy families plan and prepare meals faster and more easily through AI-powered meal planning, shoppable recipes, visual search, chatbots, and more. The partnership pairs Meredith’s expertise in food content, hyper-local consumer insights and proprietary technology platform with Walmart’s wide customer reach, omnichannel presence, deep product assortment, convenient shopping experience and delivery options. This is the latest strategic addition to Walmart’s thriving grocery eCommerce business.

Athleta announced the expansion of a wholesale partnership with REI Co-op, bringing a curated selection of its product to 135 REI stores nationwide and online. As part of its growth plan to reach $2 billion in net sales by 2023, Athleta has committed to investing in new touchpoints to increase awareness and drive new customer acquisition. The collection will include select styles of Athleta premium performance and lifestyle apparel and accessories, designed by women for women. Customers will be able to shop Athleta core lifestyle, hike and yoga bottoms, along with key tops and accessories. Additionally, REI will carry select extended sizing options from size 0-26 in hiking and fitness apparel designs in one-quarter of all stores and on REI.com, bringing women even more inclusive sizing options and ways to shop.

A BISG webinar held in early July sought to draw attention to the growing challenges in the book industry’s supply chain. Panelists pointed to shortages of truck drivers and trailers, congestion at the ports, and escalating transportation costs as factors that, in the words of David Hetherington, Book International’s v-p of global business development, were putting more pressure on the supply chain than at any time he could remember. In the ensuing two months, things have gotten worse, as printing capacity continues to shrink and labor shortages have made it difficult for printers, retailers, and wholesalers to fully staff their businesses. Concerns have risen to such a level that the two biggest trade wholesalers, Ingram and Bookazine, have reached out to their accounts to urge them to take a range of actions to try to mitigate problems, informing them of steps they should take to be better positioned to meet the needs of the fall and holiday. Top of the recommendation list from both Ingram and Bookazine is for accounts to order as early as possible.

Quarter-to-date service performance data for July 1 through August 27 included: *First-Class Mail: Delivered 88.8 percent of First-Class Mail on time against the USPS service standard, an improvement of 1.3 percentage points from the third quarter. *Marketing Mail: Delivered 92.8 percent of Marketing Mail on time against the USPS service standard, an improvement of 1.8 percentage points from the third quarter. *Periodicals: Delivered 82.8 percent of Periodicals on time against the USPS service standard, an improvement of 3.5 percentage points from the third quarter. For the week of Aug. 21-27, the Postal Service achieved its highest level of service performance ever recorded for the Marketing Mail category (94.1%).

“Wiley’s steady execution of growth strategies in open research, online education, and talent development drove another quarter of strong revenue and profit gains,” said Brian Napack, President and CEO. “Our strategies continue to be tightly aligned with accelerating long-term trends across academic and corporate markets, and we are well-positioned to drive social impact by enabling discovery, powering education and shaping workforces.” *Research Publishing & Platforms rose 14% as reported, 10% at constant currency and 5% excluding acquisitions, driven by strong growth in open research, platforms and corporate sales. *Academic & Professional Learning grew 10% as reported and 7% at constant currency, driven by strong growth in digital courseware and professional publishing, accompanied by further recovery in corporate training. *Education Services increased 16% as reported and 13% at constant currency, driven by growth in university services (formerly OPM) and talent development (formerly mthree). *GAAP EPS was $0.24 as compared to $0.29 in the prior year period, primarily reflecting non-cash deferred tax expense of $21 million arising from an increase in the UK corporate income tax rate from 19% to 25% effective April 2023.

Costco Wholesale Corporation reported net sales of $15.75 billion for the retail month of August, the four weeks ended August 29, 2021, an increase of 16.2 percent from $13.56 billion last year. For the 16-week fourth quarter ended August 29, 2021, the Company reported net sales of $61.4 billion, an increase of 17.4 percent compared to net sales of $52.3 billion during the similar period last year. For the 52-week fiscal year ended August 29, 2021, the Company reported net sales of $192.1 billion, an increase of 17.7 percent from the $163.2 billion during the similar period last year.

America’s top 25 largest newspapers have lost 20% of their weekday print circulation since the Covid-19 crisis began, a Press Gazette analysis of Alliance for Audited Media (AAM) data shows. Newspaper circulations have been in decline for years. But our research suggests that the pandemic significantly increased the rate of decline. In the first quarter of 2019, the 25 newspapers had a combined circulation of 4.7m. A year later, this total figure had fallen by 11% to 4.2m. The latest figures for these titles show a combined circulation of 3.4m, down 20% in a year.

Accelerate360’s Comag Marketing Group LLC (Comag) and Meredith Corporation (NYSE: MDP) today announced a partnership allowing Comag customers to strengthen their competitive position and manage their operations more efficiently via access to Meredith’s media expertise and economies of scale. Meredith now offers Comag customers access to a wide array of its own media marketing and production-related capabilities and services, including those focused on audience development, digital newsstand management, digital and magazine pre-media support, and paper and print procurement. “We are delighted to announce this partnership with Meredith which brings extraordinary benefits and additional services to our valued clients,” said Comag Marketing Group President Jay Felts. “This new platform with Meredith underscores our commitment to providing new and innovative opportunities for our clients, allowing them to focus on content creation and growing their overall audiences.”

Dear Industry Executive: By now, you've heard plenty from us about the dire need for Congress to pass legislation to reform the US Postal Service. Passage of such a bill can potentially improve all aspects of your dealings with the USPS - better rates, service, accountability, and the like. The manager of the Coalition for a 21st Century Postal Service (C21), the mailing industry group of which ACMA is an influential member, wrote an excellent opinion piece in today's edition of The Hill, an objective daily publication that connects the players, defines the issues and influences the way Washington's decision makers view the debates on Capitol Hill. Two Quick & Easy Asks: 1. Share this influential article on social media using the buttons at the top of the op-ed from both your personal and business accounts if possible. You can also visit the C21 Facebook page to like and share from there. 2. If your business or clients rely on a healthy Postal Service, help influence Congress to move the current postal reform bills along to eventual passage. If your company has ties with any Members of the Senate Appropriations Committee (especially Democrats), encourage them to work with Sen. Jerry Moran (R-KS) on his “second review” language for the Financial Services and General Government Subcommittee of Appropriations. Click here to view a list of senators on this vital committee to see if one represents your state. As always, please alert us (via our action@catalogmailers.org address) of any/all actions you take, as it's very helpful in our broader efforts and allows our DC personnel to follow up directly. And of course, please pass this alert onto anyone you know in the catalog/remote marketing/e-com industries who you think could take similar actions.

Bertelsmann closed the first half of 2021 with a record operating result of €1.4 billion. The international media, services, and education company generated revenues significantly above the previous year’s and pre-Corona levels, as well as its highest Group result in 19 years. Four of the eight business units each recorded double-digit organic growth rates. For the full year, the company expects its business to continue to develop positively and anticipates Group profit of close to two billion euros. Bertelsmann’s first-half consolidated revenues increased by 10.7 percent over the previous year to €8.7 billion (H1 2020: €7.8 billion). Organic growth was 16.6 percent year-on-year, and 7.1 percent compared to the pre-Corona year 2019. The RTL Group, Penguin Random House, Gruner + Jahr, and Arvato divisions each recorded double-digit organic-growth rates. Operating EBITDA improved significantly to €1.4 billion (H1 2020: €1.0 billion), marking a new record. RTL Group, Penguin Random House and Arvato once again proved to be the strongest earnings pillars in the Bertelsmann Group.

The company’s second quarter fiscal year 2021 net sales of $4.2 billion were up 5% compared to 2019. Gross profit: $1.82 billion, an increase of $267 million or 17%. Gross margin: 43.3%, an increase of 440 basis points. Comparable sales were up 3% year-over-year, and up 12% versus 2019. The comparable sales calculation reflects online sales and comparable sales days for stores that were open on the same days in both the current and prior comparable period. Old Navy Global: Net Sales were up 21% versus 2019, with Old Navy maintaining its position as the #2 apparel brand in the U.S.1 Comparable sales were flat to last year and up 18% versus 2019. Gap Global: Net Sales declined 10% versus 2019, with permanent store closures resulting in an estimated 14% sales decline, and international COVID-closures driving an estimated 1% decline on a 2-year basis. Global comparable sales declined 5% year-over-year and increased 3% versus 2019. Banana Republic Global: Net Sales declined 15% versus 2019, with permanent store closures resulting in an estimated 10% sales decline, and international COVID-closures driving an estimated 1% decline on a 2-year basis. Comparable sales were up 41% year-over-year and down 5% versus 2019. Athleta: Net Sales were up 35% versus 2019. Comparable sales grew 13% year-over-year and 27% versus 2019.

Gap Inc. has acquired Drapr, an ecommerce startup and online application based on technology that enables customers to quickly create 3D avatars and virtually try on clothing. Drapr is designed to help customers find the best clothing size and fit for their personal style and body type, while helping retailers reduce unnecessary returns. “Fit is the number one point of friction for customers and, through their advanced 3D technology, Drapr has shown it can help shoppers efficiently find the size and fit they need. We plan to leverage Drapr to help Gap Inc. improve the fit experience for our customers and accelerate our ongoing digital transformation,” said Sally Gilligan, Chief Growth Transformation Officer at Gap Inc.

For the Second Quarter of Fiscal 2021 *Net sales increased 60.2% to $2.0 billion compared to $1.2 billion in the second quarter of fiscal 2020 due to the favorable impact from stronger consumer confidence and fewer COVID-19 restrictions, compared to the second quarter of fiscal 2020. *Comparable sales (sales for stores open at least 14 months, including stores temporarily closed due to COVID-19, and e-commerce sales) increased 56.3% compared to a decrease of 26.7% in the second quarter of fiscal 2020, driven by a 52.5% increase in transactions and a 2.5% increase in average ticket. Compared to the second quarter of fiscal 2019, comparable sales increased 13.1%. *Gross profit increased to $798.0 million compared to $329.0 million in the second quarter of fiscal 2020. As a percentage of net sales, gross profit increased to 40.6% compared to 26.8% in the second quarter of fiscal 2020, primarily due to leverage of fixed costs, improvement in merchandise margins, favorable channel mix shifts, and leverage of salon expenses. *Net income was $250.9 million compared to $8.1 million in the second quarter of fiscal 2020. Adjusted net income for the second quarter of fiscal 2020 was $41.5 million.

Nordstrom, Inc. reported second quarter results, which reflected continued broad-based improvement in sales trends at Nordstrom and Nordstrom Rack across categories and geographies. The Company reported net earnings of $80 million or $0.49 per diluted share, with earnings before interest and taxes (“EBIT”) of $151 million. For the second quarter ended July 31, 2021, net sales increased 101 percent from the same period in fiscal 2020 and decreased 6 percent from the same period in fiscal 2019, representing a sequential improvement of approximately 700 basis points relative to the first quarter of fiscal 2021. The timing shift of the annual Anniversary Sale, with roughly one week falling into the third quarter of 2021, had a negative impact of approximately 200 basis points on net sales compared with fiscal 2019. Adjusting for this timing shift, sales trends improved by approximately 900 basis points relative to the first quarter.

Urban Outfitters, Inc. which operates a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly and Menus & Venues brands, announced net income of $127 million and earnings per diluted share of $1.28 for the three months ended July 31, 2021. For the six months ended July 31, 2021, net income was $181 million and earnings per diluted share were $1.82. Total Company net sales for the three months ended July 31, 2021, were a record $1.16 billion. Net sales increased 20.3% compared to the three months ended July 31, 2019. Comparable Retail segment net sales increased 22%, driven by strong double-digit growth in digital channel sales, partially offset by low single-digit negative retail store sales due to reduced store traffic. By brand, comparable Retail segment net sales increased 53% at the Free People Group, 20% at Urban Outfitters and 14% at the Anthropologie Group. Total Retail segment net sales increased 24%. Wholesale segment net sales decreased 30% primarily from reducing the Free People Group’s sales to promotional wholesale customers.

Quarter-to-date service performance data for July 1 through August 20 included: *First-Class Mail: Delivered 88.8 percent of First-Class Mail on time against the USPS service performance standard, an improvement of 1.3 percentage points from the third quarter. *Marketing Mail: Delivered 92.7 percent of Marketing Mail on time against the USPS service performance standard, an improvement of 1.7 percentage points from the third quarter. *Periodicals: Delivered 82.1 percent of Periodicals on time against the USPS service standard, an improvement of 2.9 percentage points from the third quarter. Additionally, for the week of August 14-20, the Postal Service achieved its highest level of service performance recorded for the Marketing Mail category in five years, matching a previous high (93.9%) recorded in August 2016.

Nearly 180 million American workers currently pay into the Social Security system. But upwards of 150 million of them have not recently viewed an accounting of what they’ve contributed, what Social Security income they can anticipate for retirement and other vital details. This because most stopped receiving an annual paper statement in the mail years ago. And the overwhelming majority cannot or do not access this information online. The data makes clear that most wage earners do not have essential knowledge about their personal Social Security benefits, which for many will be their primary or significant source of income in their later years. Fortunately, the solution is simple: direct the Social Security Administration (SSA) to mail all workers aged 25 and older an annual paper statement, just like they did up until 2010. This is precisely what bipartisan legislation recently reintroduced in the U.S. Congress would do. Appropriately named the “Know Your Social Security Act,” the measure has strong support from citizens, consumer groups, advocates for seniors, cybersecurity experts and financial planners.

Total revenues across all categories for June 2021 were essentially flat, with an increase of 0.2% as compared to June 2020, coming in at $1.2 billion. Year to date revenues were up 18.1%, at $6.3 billion for the first six months of the year. Trade (Consumer Books) sales were down 8.0% in June, coming in at $638.5 million, but up 17.0% year to date, with $4.1 billion in revenue. In terms of physical paper format revenues during the month of June, in the Trade (Consumer Books) category, Hardback revenues were down 10.2%, coming in at $203.1 million; Paperbacks were down 8.3%, with $225.2 million in revenue; Mass Market was down 26.0% to $18.2 million; and Board Books were up 13.3%, with $14.3 million in revenue. click read more below for additional information

Three Gannett newspapers in New Jersey — Asbury Park Press, Home News Tribune and Courier News — have unionized with the NewGuild of New York, the union announced last week. “Our newsrooms have served our communities for over a century, and by forming the APP-MCJ Guild, we are ensuring our journalists are given the necessary means to serve for the next 100 years,” states Ryan Ross, on-air host and visual journalist for the Asbury Park Press. “We respect the right of employees at Asbury Park Press, the Courier News and the Home News Tribune to make a fully informed choice for themselves whether to unionize or not to unionize,” says Thomas C. Zipfel, Gannett's labor relations counsel.

At the end of 2020, the Hachette Book Group was the fourth-largest trade publisher in the country, with estimated annual sales of roughly $700 million. When the acquisition of Simon & Schuster—the third-largest trade publisher—by #1 trade publisher Penguin Random House is finally completed, HBG will move into the third spot. Last week, HBG took a major step to ensure that it will assume S&S’s position as the largest trade publisher behind PRH and HarperCollins, with its agreement to acquire Workman Publishing for $240 million. One of few remaining independent publishers of its size, Workman had sales of $134 million last year, and its addition will get HBG revenue over the $800 million level.

The Board of Directors announced the selection of the Chief Executive Officers (CEO) and company names for each of the two companies, which would become effective upon the completion of the spin-off: *The ODP Corporation – a leading B2B solutions provider serving small, medium and enterprise level companies, will consist of several operating companies, including the contract sales channel of ODP’s current Business Solutions Division, which will be renamed ODP Business Solutions, and ODP’s newly formed B2B digital platform technology business, which will be named Varis. ODP Business Solutions and Varis will be owned by ODP, but operated as separate businesses. ODP will also continue to own the global sourcing operations and other sourcing, supply chain and logistics assets. Gerry Smith will continue to serve as CEO of The ODP Corporation following the separation. *Office Depot – a leading provider of retail consumer and small business products and services distributed via approximately 1,100 Office Depot and OfficeMax retail locations and an award-winning eCommerce presence, officedepot.com, will be spun-off and will be named Office Depot, Inc. Kevin Moffitt, currently EVP, Chief Retail Officer of The ODP Corporation, will be appointed CEO of Office Depot upon completion of the spin-off.

Fourth-quarter service performance for July 1 through August 12 included: *First-Class Mail: Delivered 88.8 percent of First-Class Mail on time against the USPS service standard, an improvement of 1.3 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 82.4 percent of Periodicals on time against the USPS service standard, an improvement of 3.1 percentage points from the third quarter. The Postal Service’s recent service delivery improvements have been, in part, the result of a strategic shift to more ground deliveries, decreasing the agency’s reliance on the limited cargo capacities of third-party air carriers, and improved network efficiencies.

Highlights: *Second quarter net sales and earnings exceed expectations and company raises full year 2021 financial outlook *Second quarter net sales increase 31.4% *Record second quarter diluted earnings per share of $2.48 and company raises full year 2021 guidance to $5.80 to $6.10 *Strengthened financial position during the quarter, ending with $2.6 billion in cash *Repurchased $255 million of shares in the quarter and now plans to repurchase $500 million to $700 million of shares in 2021. “Our performance in the second quarter marked another important step in further establishing Kohl’s as the leading destination for the active and casual lifestyle. We delivered record second quarter earnings with sales and margins materially exceeding expectations. As pleased as we are with our ongoing strategic progress, much of our opportunity is still ahead of us. We are on the eve of launching several transformational partnerships that will drive sustainable growth for years to come,” said Michelle Gass, Kohl’s chief executive officer.

HH Global is pleased to announce the completion of the acquisition of Adare International (including Purple Agency), from the private equity firm Endless LLP, following the signing of an agreement on Monday 21 June 2021. The combined business will generate approximately $2.1bn in annual sales. This deal will create a joint global business with over 4,000 employees and a presence in more than 65 countries, cementing HH Global’s position as market leader. It will also allow stronger in-country operations, helping to propel seven of our local markets to achieve local annual run rates of over $50m revenue for the first time. Mike Perez, Group CEO of HH Global, expressed “Following on from the successful integration of InnerWorkings in October last year, we are thrilled to join forces with Adare International. Welcoming new clients and colleagues on board is always an exciting process, and the strength of Adare International in these areas was a key motivation for our interest in acquiring them. I’m also particularly excited to enhance our capabilities in creative services in the healthcare and B2B sectors with Purple Agency, and to take advantage of the enhanced geographical reach and local revenue within their regional operations.”

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).

Amazon is on pace to spend over $120 billion on supplies and services from businesses in the U.S. in 2021. The purchases are from more than 200,000 companies that operate in communities across the country that help keep Amazon running—from electric vehicle manufacturers to cardboard box producers to construction and engineering firms. The 2021 spending represents an increase of 20% year over year and does not include any of the products Amazon buys and sells to customers in its stores. “Millions of families rely on us to deliver what they need every day,” said Dave Clark, CEO of Worldwide Consumer at Amazon. “Delivering for our customers takes teamwork—we can’t do it alone. We rely on strong partnerships with hundreds of thousands of American businesses—from our forklift manufacturer in Kentucky to the construction company in Texas that builds our delivery stations. Today is about renewing our commitment to these businesses and betting big on them.”

Many parents around the United States are sending their children back to school soon — in person and full time. Students and teachers, who may not have seen one another in months, will face several challenges related to the coronavirus pandemic, such as learning loss and economic disparities. The good news? Paper can help. Research is mixed on the effects of the pandemic on students, but in a poll of 1,000 public school educators conducted by the Horace Mann Educators Corporation, 97 percent of teachers reported seeing some learning loss in their students during the past year compared to previous years. Data from McKinsey in December 2020 noted that students of color were about three to five months behind in learning due to lower access to technology, the internet and in-person learning support. Reading and math are two paper-intensive subjects that typically require access to textbooks, library books and/or notebook paper. Paper can help bridge the divide in learning achievement caused by the pandemic and related economic challenges. click read more for the rest of the article