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Imaging Solutions AG announces spin-off of silver-halide business to new company, GRETAGX News Partnerships 

Imaging Solutions AG announces spin-off of silver-halide business to new company, GRETAGX

GaryPageau , ,
  Imaging Solutions AG (ISAG), the Switzerland-based maker of industrial photo printers and processors for silver halide technology, today announced a strategic initiative to spin off its printer and processor manufacturing and sales division into a new company, GRETAGX. This move aims to expand participation in the post-processing market and strengthen collaboration with the rapidly growing digital printing sector. GRETAGX will... Read More
Stephanie Hayes appointed executive director of School Photographers of America News People on the Move 

Stephanie Hayes appointed executive director of School Photographers of America

GaryPageau , ,
The School Photographers of America (SPOA) announced the appointment of Stephanie Hayes as its executive director. With more than a decade of accomplished leadership in nonprofit management, event planning, and community engagement, Hayes joins SPOA with a strong commitment to advancing the organization’s mission of promoting, educating, advocating for, and protecting the traditions of school photography and yearbooks, the organization... Read More
Tamron firmware update enhances AF performance for Sony compatible lens News Updates 

Tamron firmware update enhances AF performance for Sony compatible lens

GaryPageau ,
Tamron announces a new firmware update for the TAMRON 70-180mm F/2.8 Di III VC VXD G2 (Model A065) for Sony E-mount. With this new firmware update, AF performance during zooming is improved when shooting videos and still images in AF-C mode. Additionally, with the Sony α9 III, when the focus mode is set to AF-S, DMF, or MF, the lens... Read More
Eastman Kodak prepares to terminate U.S. pension plan Investments News 

Eastman Kodak prepares to terminate U.S. pension plan

GaryPageau
Eastman Kodak Co. is preparing to terminate its overfunded U.S. pension plan to unlock value from the fund, according to the Wall Street Journal. The defined-benefit pension has 35,000 participants, and the move could ultimately result in a cash gain of as much as $585 million that Kodak would use to reduce debt and invest in its business, executives said,... Read More
Circana: Consumer electronics holiday outlook highlights mixed signals with opportunity Market research News 

Circana: Consumer electronics holiday outlook highlights mixed signals with opportunity

GaryPageau
The 2024 holiday shopping season presents a complex landscape for consumer electronics, with overall tech spending intentions reaching a four-year high despite significant demographic variations and economic concerns, according to a blog post by Paul Gagnon, vice president, industry advisor, Consumer Technology, Mobile, at Circana. The shopping season will be more condensed around the core Black Friday to Christmas Eve... Read More
Captura is the new name for volume photography leader ImageQuix, Fotomerchant, and more Marketing News 

Captura is the new name for volume photography leader ImageQuix, Fotomerchant, and more

GaryPageau , , , ,
The company formerly known as ImageQuix – which through years of various acquisitions acquired numerous brands under the ImageQuix, PhotoLynx, Skylab, Fotomerchant, and Simplephoto labels – has consolidated under a unified brand: Captura. In a press release, the company said this “new name reflects our unified commitment to empowering our customers to Make more—more revenue, more impact, more time—by bringing... Read More
Industry insight: Wall decor outperforms the apparel category in dropshipping e-commerce profit Market research News 

Industry insight: Wall decor outperforms the apparel category in dropshipping e-commerce profit

GaryPageau ,
Data released by print-on-demand (POD) company merchOne reveals wall art offers e-commerce sellers using dropshipping services a significantly higher profit margin compared to apparel, allowing them to earn more per sale. After analyzing more than 311,000 orders users have sold using merchOne’s dropshipping service, the company discovered that wall art has an average profit margin of 74%, compared to 60% for... Read More
Eastman Kodak pausing film manufacturing to modernize equipment News 

Eastman Kodak pausing film manufacturing to modernize equipment

GaryPageau , ,
Citing increasing demand and the need to modernize its production factories, Eastman Kodak Co. temporarily paused all film production this month at its factory in Rochester, N.Y., according to company executives during last week’s quarterly earnings call. “Our film sales have increased in motion picture and in still film and other films. So on film, right, we’re doing a shutdown... Read More
Venus Optics releases 60mm S35 1:2 Macro Anamorphic Lens News 

Venus Optics releases 60mm S35 1:2 Macro Anamorphic Lens

GaryPageau ,
Venus Optics presents the first 60mm 1:2 Macro Anamorphic lens for S35 sensors – Nanomorph 60mm T2.9 1.5X S35 Macro 1:2. This lens offers a close focus distance of up to 24cm/9.45” and produces a 0.5x magnified image, breaking through previous technological constraints and surpassing lenses in the market of similar focal lengths. The US price for the Laowa Nanomorph 60mm... Read More
Advertek commemorates 25th anniversary, move to expanded facility Acquisitions Feature News 

Advertek commemorates 25th anniversary, move to expanded facility

GaryPageau , ,
Advertek Inc. recently commemorated its 25th anniversary and its move to its single 77,000-square-foot facility with an open house celebration attended by business leaders, vendor partners, and customers. In June, Advertek announced the acquisition of Custom Colour Imaging (CCI), a Toronto-based photo lab and print-on-demand company. As part of the acquisition, Advertek’s corporate offices, Print on Demand, Small and Large... Read More
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