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Urbanimmersive announces revenues decreased 11 percent Earnings reports News 

Urbanimmersive announces revenues decreased 11 percent

GaryPageau
Urbanimmersive Inc. announced select financial results and presents business highlights for its fourth quarter and fiscal year ended Sept. 30, 2021. The company generated revenues of $4.069 million compared to revenues of $4.594 million for 2020, a decrease of $525,000 or 11%. This decrease of $525,000 is explained by the significant decrease in sales of 3D photography equipment (-$603,000) as... Read More
NRF: Retail returns increased to $761 billion in 2021 as a result of overall sales growth Market research News 

NRF: Retail returns increased to $761 billion in 2021 as a result of overall sales growth

GaryPageau
Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. This accounts for an average of 16.6 percent of total U.S. retail sales, which soared to $4.583 trillion in 2021. “As total retail sales continue to accelerate from sustained consumer... Read More
Getty Images, Stand Together announce inaugural grant recipients for HBCUs Feature News 

Getty Images, Stand Together announce inaugural grant recipients for HBCUs

GaryPageau
Getty Images, in partnership with the Getty Family and Stand Together, a philanthropic community tackling some of the biggest challenges of our times, today announced the recipients of the inaugural Getty Images Photo Archive Grant for Historically Black Colleges and Universities (HBCUs). The $500,000 grant will support the photo digitization of up to 200,000 archival photos from Claflin University, Jackson... Read More
Famous partners with Printbox, Gooten News Partnerships 

Famous partners with Printbox, Gooten

GaryPageau , ,
eCommerce design company Famous announced a partnership with Printbox sp. z. o.o., the photo products software company, and Gooten Inc, the personalized products fulfillment company. The integration of these products will allow users to efficiently and easily manage their business in one central place within the Famous platform and provide a seamless customer experience – from launch to product personalization and... Read More
Ricoh moves to direct camera sales in Japan News 

Ricoh moves to direct camera sales in Japan

GaryPageau ,
Ricoh Imaging Co., Ltd. released a statement where Ricoh Imaging’s President and CEO, Noboru Akabane, addressed the market challenges faced by the camera company and how outlined the restructuring of its business operations, including incorporating a more direct-to-consumer approach in the home market: “We will shift from a sales method centered on the distribution network via retail stores to sales via the... Read More
SPOA announces International Conference on School Photography & Yearbooks Events News 

SPOA announces International Conference on School Photography & Yearbooks

GaryPageau
The School Photographers of America (SPOA) announced the inaugural International Conference on School Photography & Yearbooks, will be held June 9-11, 2022, at the Westin Galleria, Houston, Texas. This conference and trade show will bring together all segments of the school portrait and yearbook industries in the broadest education and networking opportunity in the volume photography industry. “First and foremost,... Read More
Claranova to redeem minority interest in PlanetArt subsidiary Acquisitions News 

Claranova to redeem minority interest in PlanetArt subsidiary

GaryPageau
Paris, France-based Claranova announced the signing of a binding agreement between its subsidiary PlanetArt LLC and Société Commune Européenne de Participation (“SCEP”), for the redemption of between 25% and 65% of the 7.7% minority interest SCEP holds in PlanetArt. With this transaction, Claranova will have a greater share of PlanetArt’s future performance. Total cash consideration paid out to SCEP from PlanetArt’s... Read More
NRF: 2021 holiday sales grew 14.1 percent to record $886.7 billion News 

NRF: 2021 holiday sales grew 14.1 percent to record $886.7 billion

GaryPageau ,
Retail sales during 2021’s November-December holiday season grew 14.1 percent over 2020 to $886.7 billion, easily beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions and the ongoing pandemic, said the NRF. The number includes online and other non-store sales, which were up 11.3 percent at $218.9 billion. The numbers exclude... Read More
Imaging Brands acquires specialty lighting brand Spiffy Gear News 

Imaging Brands acquires specialty lighting brand Spiffy Gear

GaryPageau , ,
Imaging Brands, the designer and manufacturer of innovative photography and filmmaking equipment, has acquired Spiffy Gear. Founded in 2013 by entrepreneur Udi Tirosh, Spiffy Gear has focused on developing specialty lighting products for professional photographers and videographers. The Spiffy Gear acquisition is part of Imaging Brands’ strategic growth plans for the professional photo and video markets. Along with Tether Tools, the... Read More
VAIsual, Smarterpix sign world first synthetic media distribution agreement News 

VAIsual, Smarterpix sign world first synthetic media distribution agreement

GaryPageau ,
Synthetic content pioneer VAIsual and PantherMedia, Germany’s leading stock photo agency, announced an industry first: 100% synthetically generated stock images are now available for legal licensing. “It is estimated that within the next 5 to 10 years, 95% of all images we see will be AI-generated media,” said Michael Osterrieder, VAIsual founder and CEO.  “Synthetic content, photography generated by algorithms, is the future of... Read More
Eugene Smith Fund elects new president and executive committee News 

Eugene Smith Fund elects new president and executive committee

GaryPageau
The Board of Trustees of the W. Eugene Smith Memorial Fund announced its election of a new president and executive committee, along with three new board members. Effective Jan. 1, 2022, Scott Thode will become President of the Smith Fund, replacing Phillip Block who held the position for four years. Block will remain a member of The Fund’s Board of... Read More
NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely Market research News 

NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely

GaryPageau ,
The COVID-19 omicron variant will bring uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Even with the experience of the past two years, there is no model that can predict how the economy responds to a pandemic,” Kleinhenz said.... Read More