GoPro, Inc. announced a large-scale merchandising rollout and sales program at Best Buy, combining the installation of completely redesigned product displays, an assisted sales program, and in-store and digital marketing. GoPro cameras and accessories will be displayed in nearly 900 Best Buy stores across North America, including in more than 250 specialty Camera Experience Shops (CES). Best Buy’s CES locations will feature...
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Photo Create’s Hugh Eastwood talks continuous improvement in Dscoop Indy video
Hugh Eastwood of Australia’s Photo Create recognized a changing market for photo books and wall décor, as more clients wanted multiple formats, substrates and variations. In this sit-down conversation at Edge Indy with Amy Yu, Dscoop’s Community Success Manager for the Asia-Pacific/Japan region, Eastwood shares his thoughts about the value of lean manufacturing to his company and clients. “The plain-vanilla,...
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Freepik announces acquisition of Magnific
Freepik announced its acquisition of AI-image upscaler Magnific. The acquisition is Freepik’s biggest to date – it acquired EyeEm (Germany) last year, and Videvo (UK), Original Mockups (Colombia), and Iconfinder (Denmark) in 2022, the company said. Terms weren’t disclosed. The founders of Magnific, Javi López and Emilio Nicolás, will continue to focus on their own AI innovation, testing and developing new ideas. Although Magnific will operate as...
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NRF: Census data shows retail sales moderated in April
Data released by the U.S. Census Bureau today shows retail sales moderated in April, National Retail Federation Chief Economist Jack Kleinhenz said. “Even though household income and job growth are compressing, the consumer spending picture remains positive,” Kleinhenz said. “The softer pace of spending is due in part to consumers being selective and prioritizing retail purchases. Yet, consumers remain willing...
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CEWE reports first-quarter sales increase 6.6%
CEWE Stiftung & Co. KGaA announcd group turnover increased by +6.6% to 165.7 million euros in the first quarter of 2024, setting a new high for the first quarter (Q1 2023: 155.3 million euros). At the same time, group EBIT improved by EUR 2.9 million to EUR 8.1 million (Q1 2023: EUR 5.2 million). All business segments contributed to this:...
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JONDO UK expands EU operations with launch of Czech Republic factory
JONDO UK, a leading provider of premium wall art decor solutions, announced the grand opening of its manufacturing facility in the Czech Republic. With a focus on innovation, quality, and unparalleled service, the new factory represents a significant milestone for JONDO UK as it expands its operations in Europe and reinforces its commitment to delivering exceptional wall art decor products...
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IPI adding two Print Refinery locations in Michigan
IPI Member Network announced the opening of two The Print Refinery licensed business model locations in Michigan. The 16th location will hold a grand opening event on June 21-22, at The Camera Shop of Muskegon, while a second location will open in Lansing in August. The Camera Shop recently moved into the space next door to their existing location in...
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Profoto reports decrease in first-quarter sales
Profoto reported net sales totaled SEK 171m (229), a decrease of 25.4 percent, with most of that coming from organic sales decline, with a slight impact from currency. EBIT was SEK 34m (72), and the EBIT margin, 20.1 percent (31.3). Profit was halved to SEK 27m (56). “Sales were SEK 171m, a decrease of 25 percent compared to the first...
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Layflat.com showcasing binding innovations for HP Indigo 18K at Drupa
Layflat.com AG, the world leader in high-volume photobook production equipment, will feature the industry-leading LF 2000 Max at Drupa 2024, May 28-June 7, in Düsseldorf. As the preferred photobook finishing partner for HP, the Layflat.com exhibition will showcase how this solution is ideal for printers offering softcover books. “At Drupa 2024, Layflat.com will be showing the LF 2000 All-in near...
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KEH announces it is preferred camera provider for Atlanta Falcons
KEH, the reseller of pre-owned camera gear, announced it will become the Preferred Provider of Camera Gear for the NFL’s Atlanta Falcons. Aligning with set sustainability goals, the Falcons will utilize KEH’s trade-in program, which allows the organization to responsibly replace current cameras and related digital equipment with new, professional gear to continue to provide world-class sports and entertainment content....
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Kodak reports level earnings on 10 percent sales decline in first quarter
Eastman Kodak Co., reported first-quarter consolidated revenues of $249 million, compared with $278 million for Q1 2023, a decrease of $29 million or 10 percent. The company reported gross profit of $49 million, compared with $50 million for Q1 2023, a decrease of $1 million or 2 percent, and GAAP net income of $32 million, compared with net income of...
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Fujifilm reports 3.6% increase in annual revenues
FUJIFILM Holdings Corp., announced, in the fiscal year ended March 31, 2024, revenue increased by 3.6% year-over-year to JPY2,960.9 billion, mainly due to strong sales in the Medical Systems and Imaging businesses and the impact of exchange rates. Thanks to revenue growth and the impact of exchange rates, operating income amounted to JPY276.7 billion, an increase of 1.3% year-over-year. Net...
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Insights into Business Revival and Market Disruption, with Ben Gibson
Embark on exploring the corporate world’s natural progression with tech industry veteran Ben Gibson as he and host Gary Pageau navigate the “EMFL” model together. Gibson sheds light on how companies are born out of innovation and mature through marketing, financial acumen, and sometimes, legal restructuring. Anchored by Gibson’s rich experiences at large companies like GE, Eastman Kodak Co., and Logitech, the discussion offers an analytical lens...
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Kornit Digital reports first quarter 2024 results
Textile printing equipment maker Kornit Digital Ltd.a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, reported today its results for the first quarter ended March 31, 2024. “Despite enduring macroeconomic challenges, we saw success with the strategic initiatives we implemented in Q4 and early this quarter.” said Ronen Samuel, Kornit’s Chief Executive Officer. “Our pipeline for...
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CNBC/NRF Retail Monitor shows retail sales grew in April
Retail sales grew modestly from the month before in April, but a shift in the timing of Easter appeared to be behind a slight year-over-year decline, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation. “Consumer spending continues to drive economic growth and retail sales increases, though we see some moderation in spending...
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