- 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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American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement regarding the Internal Revenue Service (IRS) denying paper-based information and services. “The number of people who experienced identity theft while filing their taxes in 2016 is approximately the population of Anaheim, California or Tampa, Florida.[1] With news of data hacks and security breaches breaking regularly, government officials have increasingly turned to paper-based documents for added protection. “Citizens will be complying with new tax rules this year. Unfortunately, the IRS no longer makes printed instructions available unless ordered for payment. Readily available, printed instructions will be needed more than ever before as people prepare their tax returns given these changes. Click Read More below for additional information.
FY23 fourth quarter service performance scores covering July 1 through July 7, included: *First-Class Mail: 92.5 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 95.6 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.9 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from fiscal third quarter.
After soaring 18.9% in the first half of 2021 over the comparable period in 2020, unit sales of print books retreated in the first half of 2022, dropping 6.6% from 2021 levels. According to NPD BookScan, total first-half print sales were 362.6 million, down from 386.6 million a year ago. All the major categories except adult fiction had declines, with the largest drop coming in the industry’s biggest category, adult nonfiction, where print sales fell 10.3%. Sales at the midpoint of 2022 were still about 15% above the first six months of 2019, the last prepandemic year, which many in the industry are using as a benchmark, in light of the unexpectedly strong subsequent two years of the pandemic. The 6.6% decline is also an improvement over the first quarter, which saw an 8.9% drop in sales compared to last year’s first quarter.