Industry Notes for the week of Dec. 12

December 13, 2020December 13, 2020 GaryPageau Adobe, Lifetouch, Pastbook, ShootProof, Shutterfly, smartphoto, Xerox

Pro Photography

Lifetouch reducing staff by 100 at Ontario, Ohio church directory plant

Lifetouch notified the State of Ohio the company will reduce permanently reduce staff by 100 persons by February 2021, at its Ontario, Ohio facility. The Shutterfly Lifetouch Church Business operations were severely impacted by COVID-19, t he company said in a letter to the Ohio Department of Jobs and Family Services because many places of worship remain closed.
A copy of the filing is here.

Printing and personalization news

Sublimation expert David Gross releases sublimation book

GraphicsPro reports David Gross, president of Condé Systems, releases a book titled “The Road to Sublimation Success: Harnessing the Power of Sublimation for Outstanding Profits.” The 290-page resource serves as a guide for sublimation newbies and those already in the business.

App news and website updates

VSCO introduces studio, blur tool, and more advanced text features

Photo and video app VSCO released a re-imagined Studio experience for all VSCO creators, and exclusively for members, an all-new Blur tool and enhanced Text features.

Financial Reports

Adobe reports record fourth quarter, fiscal 2020 revenue

Adobe reported fourth-quarter quarterly revenue of $3.42 billion, which represents 14 percent year-over-year growth. In the fiscal year 2020, Adobe achieved a record annual revenue of $12.87 billion, which represents 15 percent year-over-year growth.

People on the Move

Xerox appoints company veteran Xavier Heiss as CFO

Xerox Holdings Corp. announced Xavier Heiss as CFO, a role he’s filled on an interim basis since the end of September. He reports to John Visentin, Xerox vice chairman and CEO.