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Census data for October shows ‘healthy’ retail sales and ‘early step forward’ into the holiday season Market research News 

Census data for October shows ‘healthy’ retail sales and ‘early step forward’ into the holiday season

GaryPageau , ,
Data released today by the U.S. Census Bureau shows that retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said. “October’s pickup in retail sales shows a healthy pace of spending as many consumers got an early start on holiday shopping,”... Read More
Claranova to buyout PlanetArt minority interests Acquisitions News 

Claranova to buyout PlanetArt minority interests

GaryPageau ,
Claranova announces the acquisition of Société Commune Européenne de Participation (SCEP) by its subsidiary PlanetArt Holdings Inc., thereby enabling it to own 100% of PlanetArt LLC. The transaction is being financed by a €20 million loan obtained by Claranova Development SARL from Cheyne Capital on the same terms (interest rates, guarantees, acceleration clauses, covenants) as the €108 million loan arranged... Read More
CEWE reports increase in nine-month earnings, 2024 targets confirmed Earnings reports News 

CEWE reports increase in nine-month earnings, 2024 targets confirmed

GaryPageau ,
CEWE Stiftung & Co. KGaA enters the all-important Christmas quarter with an increase in turnover and a lead in earnings. The company confirmed its annual targets for 2024: in the first nine months, CEWE increased group turnover by +6.3 % to 481.6 million euros (Q1-3 2023: 453.2 million euros) and at the same time improved group EBIT by +3.2 million... Read More
NRF: Record number of shoppers expected over Thanksgiving holiday weekend  Market research News 

NRF: Record number of shoppers expected over Thanksgiving holiday weekend 

GaryPageau , ,
A record 183.4 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is up from the previous record of 182 million in 2023 and 18.1 million people more than five years ago in... Read More
Koch Equity Development invests $450 million for minority stake in Jostens News 

Koch Equity Development invests $450 million for minority stake in Jostens

GaryPageau ,
Platinum Equity portfolio company Jostens, the Minneapolis provider of custom class jewelry, graduation products, and yearbooks, announced a nearly $640 million recapitalization in connection with a $450 million strategic equity investment from an affiliate of Koch Equity Development LLC, the principal investing and acquisition arm of Koch, Inc., and a debt refinancing transaction. The equity investment is subject to consummation of the debt refinancing.... Read More
FotoNation completes management buyout, returning company founders to leadership Acquisitions News 

FotoNation completes management buyout, returning company founders to leadership

GaryPageau , ,
Imaging technology leader FotoNation has done now for the third time what other companies can’t do once: Complete a management buyout by the founders. FotoNation is a leading provider of ultralow-power, high-efficiency computer vision AI solutions, announced its founders have completed a management buyout of the company’s chip-level hardware, firmware, and imaging business. Terms weren’t disclosed. FotoNation LTD is an... Read More
CNBC/NRF Retail Monitor: Strong retail sales gains in October after a slow September   News 

CNBC/NRF Retail Monitor: Strong retail sales gains in October after a slow September  

GaryPageau
Retail sales bounced back strongly in October as the economy remained in good shape and consumers moved past concerns about a port strike and other issues that slowed September’s sales, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). “Healthy spending resumed in October as consumers continued to benefit from this... Read More
NRF: Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP Data Market research News 

NRF: Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP Data

GaryPageau ,
The National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, said Jack Kleinhenz, chief economist, NRF. “The economic data calendar was quite busy at the end October but while there were contradictions and mixed signals, we continue to believe the U.S. economy remains in a good place,” Kleinhenz said... Read More
Amaze Software, Fresh Vine Wine merge to redefine the creator powered commerce landscape News 

Amaze Software, Fresh Vine Wine merge to redefine the creator powered commerce landscape

GaryPageau ,
Amaze Software, Inc. (through Adifex Holdings LLC) and publicly traded Fresh Vine Wine, Inc. have signed a definitive agreement to merge, uniting Amaze’s creator-powered commerce technology with Fresh Vine Wine’s premium wine expertise. This merger marks a pivotal moment for the creator economy, setting new standards in product offerings and innovative creator-driven brand engagement opportunities, the company said in a press... Read More
Jostens launches The Mascot Shop to serve schools for personalized products News 

Jostens launches The Mascot Shop to serve schools for personalized products

GaryPageau ,
Jostens announced The Mascot Shop, a platform for schools to offer personalized products using school-approved branding. The platform makes it easy to order spirit wear in bulk but also offers the added convenience of fulfilling individual orders online. This level of flexibility enables schools to minimize inventory risk while maximizing their overall reach, revenue, and fundraising potential. The platform’s bulk-ordering... Read More
Printful and Printify announce merger Acquisitions News 

Printful and Printify announce merger

GaryPageau ,
On-demand printing platforms Printful and Printify announced the two companies will merge. Both platforms, which are based in Riga, Latvia, will continue to operate as separate brands. The new combined company will be able to create a business providing greater product selection, broader geographic reach, and improving fulfillment solutions, according to a press release. Both the Printful and Printify brands will... Read More
Xerox reports revenue down 7.5 percent in third quarter Earnings reports News 

Xerox reports revenue down 7.5 percent in third quarter

GaryPageau
Xerox Holdings Corp. announced third-quarter revenue of $1.53 billion, down 7.5 percent, or 7.3 percent in constant currency. GAAP net (loss) of $(1.2) billion, or $(9.71) per share, a decrease of $1.3 billion or $9.99 per share, year-over-year, respectively. Xerox also reported adjusted net income of $34 million, down $43 million, year-over-year, respectively. “Q3 results demonstrate no single quarter or... Read More
Apple buys leading image-editing app company Pixelmator Acquisitions News 

Apple buys leading image-editing app company Pixelmator

GaryPageau , , ,
Apple Inc. has purchased leading image-editing app maker Pixelmator Team for an undisclosed amount, according to a company post. The company’s products include Pixelmator Pro, a professional image-editing tool, Pixelmator for iOS, and Photomator, a photo editor for Mac, iPhone, iPad, and Vision Pro. According to the blog post: Pixelmator has signed an agreement to be acquired by Apple, subject to... Read More
Cimpress reports fiscal first-quarter loss despite sales increase Earnings reports News 

Cimpress reports fiscal first-quarter loss despite sales increase

GaryPageau
Vista parent Cimpress plc increased sales by 6% on an annual basis to $804.97 million during the first quarter but showed a loss of about $12.55 million during the three-month period. The company said the bottom-line decrease was a result of factors that included increases in advertising spending and product mix shifts that reduced gross margin in the Vista division,... Read More
The evolution of a family camera store, with Roui Kamienowicz, Samy’s Camera News 

The evolution of a family camera store, with Roui Kamienowicz, Samy’s Camera

GaryPageau ,
Roui Kamienowicz experienced a life-changing shift from the world of law to the vibrant realm of photography, and she’s here to share that story with us. Her journey from a career in law to leading Samy’s Camera in Los Angeles is as inspiring as it is insightful, beginning with a transformative photo workshop in Death Valley and culminating in her passionate drive... Read More