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Ennis gains in first-quarter from School Photo Marketing Earnings reports News 

Ennis gains in first-quarter from School Photo Marketing

GaryPageau ,
Ennis, Inc. reported financial results for the first quarter ended May 31, 2023. Highlights include revenues of $111.3 million for the quarter compared to $107.7 million for the same quarter last year, an increase of $3.6 million or 3.3%. The increase includes revenue contributions of approximately $4.1 million from School Photo Marketing, an acquisition completed on Nov. 30, 2022, and... Read More
SPOA announces finalists for 2023 National School Photographic Competition Events News 

SPOA announces finalists for 2023 National School Photographic Competition

GaryPageau , ,
Sample entries from the 2023 contest. School Photographers of America (SPOA) announced the finalists for the 2023 National School Photography Competition. The grand champions for each category will be announced July 13th in Greenville, S.C., at the International Conference on School Photography and Yearbooks at the Hyatt Regency Ballroom Downtown. The contest spotlights the best in school photography, from traditional classroom... Read More
ProGrade Digital debuts third-generation CFexpress 2TB card News 

ProGrade Digital debuts third-generation CFexpress 2TB card

GaryPageau
ProGrade Digital, Inc. announces its new higher capacity third generation of 2TB CFexpress Type B Gold memory cards. ProGrade Digital 3rd generation CFexpress 2TB cards provide read speeds of up to 1,700MB/s and burst write speeds of up to 1,500MB/s and sustained write speeds of up to 1,300MB/s – ideally suited for high-resolution video capture applications, the company said. To... Read More
Shutterfly announces early settlement of the exchange offer Investments News 

Shutterfly announces early settlement of the exchange offer

GaryPageau
Shutterfly LLC announced it has closed its previously announced refinancing transaction. Earlier this year, news reports showed debt holders of the privately-held Shutterfly were seeking better terms after poor 2022 results. Details are in the press release below: Shutterfly, LLC (the “Company,” “we,” “our” and “us”) today announced that, on June 9, 2023, Shutterfly Finance, LLC, a subsidiary of the... Read More
Canva unveils global developers platform News 

Canva unveils global developers platform

GaryPageau
Canva introduced its new Canva Developers Platform, which includes a set of APIs and development tools,  at the company’s first developer conference, Canva Extend in San Francisco. Canva also announced a $50 million Canva Developers Innovation Fund to support app developers. Canva unveiled a multitude of ways for developers to build on the platform and released the Canva Apps SDK... Read More
PhotoShelter acquires Socialie analytics platform Acquisitions News 

PhotoShelter acquires Socialie analytics platform

GaryPageau ,
  Digital asset management (DAM) solution provider PhotoShelter announced the acquisition of Socialie, a category leader in user-friendly content distribution and advanced analytics. Made in partnership with PhotoShelter’s majority investor, Clearhaven Partners, the acquisition will strengthen PhotoShelter’s real-time distribution powers, provide PhotoShelter customers with more control and insight into the flow of content across their ecosystem, and position the company as... Read More
Shutterfly announces early tender offer results for exchange offer News 

Shutterfly announces early tender offer results for exchange offer

GaryPageau
Personalized photo products leader Shutterfly announced the early results of its previously announced tender exchange offer. The San Jose-based company has been struggling to manage its debt load and, in May, announced to plans raise “approximately $200 million of additional debt financing, extend existing debt maturities, and meaningfully improve liquidity.” The heavily legalese-laden announcement indicates the tender offer is being... Read More
Advertising supported free prints app Frintz launches News 

Advertising supported free prints app Frintz launches

GaryPageau
Frintz, a Rochester, New York-based advertising-supported free prints startup, has officially launched. The company is led by printing industry veteran William Testa, with technology developed by former Eastman Kodak Co. technology executive, Gustavo Paz-Pujalt, Ph.D. The app-based offering provides free prints to consumers via iOS and Android apps; the free price is subsidized by advertising on the back of the... Read More
Printful acquires Snow Commerce News 

Printful acquires Snow Commerce

GaryPageau ,
Global e-commerce platform and on-demand production company Printful has acquired Ohio-based Snow Commerce, a managed service provider designing and running the e-commerce presence for brands including Warner Bros. Discovery, and NBCUniversal. Snow Commerce and Printful will together provide a complete ecommerce solution including program strategy, website and product creation, fan engagement, and on-demand, international production, and distribution, the company said.... Read More
Private equity firm acquires Canadian camera chain Henry’s Acquisitions News 

Private equity firm acquires Canadian camera chain Henry’s

GaryPageau
North America’s largest camera retail chain Henry’s was acquired by Lynx Equity Ltd., a Toronto-based private equity firm specializing in acquiring small- and medium-sized businesses from owners looking to retire. All of Henry’s employees will remain in place, including its leadership team. Founded in 1909, Henry’s has 20 stores across Canada. In a press release, Lynx said it “is committed to... Read More
Best Buy sees first-quarter revenue decline Earnings reports News 

Best Buy sees first-quarter revenue decline

GaryPageau
Best Buy Co., Inc. announced lower first-quarter revenues. Domestic revenue of $8.80 billion decreased 11.0% versus last year primarily driven by a comparable sales decline of 10.4%. International revenue of $666 million decreased by 11.6% versus last year.   Q1 FY24  Q1 FY23 Revenue ($ in millions) Enterprise $9,467 $10,647 Domestic segment  $8,801 $9,894 International segment $666 $753 Enterprise comparable sales... Read More