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School photographer fired after offering to eat the soul of a student News 

School photographer fired after offering to eat the soul of a student

GaryPageau ,
In today’s tough hiring environment, sometimes it’s hard to find the right fit. A recent story, in Virginia, involving a school photographer shows why standards have to be maintained. According to the Washington Post (and numerous other outlets), a Lifetouch school photographer was reported to have lost her job after asking an elementary school student inappropriate questions. The principal of Chittum... Read More
S&P upgrades Shutterfly credit rating from negative to developing Earnings reports News 

S&P upgrades Shutterfly credit rating from negative to developing

GaryPageau , , , ,
S&P Global Ratings today upgraded the credit rating for Photo Holdings LLC (Shutterfly LLC) from negative to developing, based on the improving fortunes of North America’s largest personalized photo printing company. The company outperformed Shutterfly’s 2023 expectations by improving cash flow to $82 million, compared to a $31 million deficit the year before. In a press release, S&P stated: As... Read More
Lifetouch restructuring includes unspecified number of staff reductions News 

Lifetouch restructuring includes unspecified number of staff reductions

GaryPageau , ,
Lifetouch parent company Shutterfly, in a statement, has confirmed numerous industry reports that the leading school and retail portrait company has again reduced its headcount and consolidated some sales regions. Private messages shared with the Dead Pixels Society say the layoffs have come in two waves, with 121 persons affected in early January, and another 220+ fired this week. According... Read More
Update: Shutterfly layoffs impact 360 News 

Update: Shutterfly layoffs impact 360

GaryPageau ,
Personalized photo products leader Shutterfly Inc. management is reducing staff by 360 employees, according to a company-wide email. The announcement was not made public but the topic is a hot one on LinkedIn and on layoff tracking sites. The Dead Pixels Society has reached out to Shutterfly for comment but has yet to receive a response. [Update: The Minneapolis Star Tribune... Read More
Lifetouch celebrating two decades of memory missions with school construction News 

Lifetouch celebrating two decades of memory missions with school construction

GaryPageau ,
Volume photography company Lifetouch is celebrating more than 20 years of Memory Missions by bringing a team of volunteers to Guatemala where they will help build a more environmentally responsible school out of plastic bottles. The trip takes place from Jan.18-25, 2023. Since 2000 the Lifetouch Memory Mission philanthropic initiative enables company employees and national education partners to travel worldwide to provide intensive volunteer... Read More
Bloomberg reports insiders claim Shutterfly lost $45-$55 million in 3Q Earnings reports News 

Bloomberg reports insiders claim Shutterfly lost $45-$55 million in 3Q

GaryPageau , ,
Bloomberg reports leading photo products retailer Shutterfly LLC released preliminary third-quarter earnings reflecting steeper losses than last year, according to people with knowledge of the private results in the article. The Apollo Global Management-backed company booked a preliminary loss of $45 million to $55 million before interest, taxes, depreciation, and amortization, said the source, who asked not to be identified because... Read More
Regional realty company buys Shutterfly’s Minneapolis corporate campus News 

Regional realty company buys Shutterfly’s Minneapolis corporate campus

GaryPageau ,
Tempus Realty Partners, an Arkansas-based real estate investment partnership, announced the recent purchase of a 259,000-square-foot former Lifetouch National School Studios campus located at 11000 Viking Drive in Eden Prairie, MN, for $23.4 million. The building serves as the corporate headquarters for Lifetouch, which Shutterfly bought for $825 million in 2018, and houses marketing and merchandising functions for both Lifetouch and... Read More
Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected News 

Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected

GaryPageau , , ,
Personalized photography leader Shutterfly reported a ransomware attack on Sunday, Dec. 26. The incident was first made public by Bleeping Computer, which claimed a source identified the attackers as the Conti ransomware group. In a statement (reproduced below) Shutterfly said portions of the Lifetouch and BorrowLenses business were affected. They experienced interruptions with Groovebook, manufacturing offices, and some corporate systems as... Read More
Shutterfly to demolish half of Lifetouch building to make green space News 

Shutterfly to demolish half of Lifetouch building to make green space

GaryPageau ,
Eden Prairie Local News reports photo personalization giant Shutterfly is reducing the footprint of its Eden Prairie operations through a proposed demolition of the western-most building of its two-building campus north of I-494, along Viking Drive. The Eden Prairie city council needs to approve the plan, which was endorsed by Eden Prairie Planning Commission, according to reporter Mark Weber. According... Read More
Shutterfly acquires design and decor marketplace, Spoonflower Acquisitions News 

Shutterfly acquires design and decor marketplace, Spoonflower

GaryPageau , , , ,
Shutterfly announced an agreement to acquire Spoonflower, a Durham, N.C.-based artists marketplace, in “an accretive acquisition for approximately $225 million of enterprise value subject to certain working capital and other adjustments,” the company said in an announcement. The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to close in the third quarter of 2021. According... Read More
Shutterfly, Lifetouch class action suit dismissed News 

Shutterfly, Lifetouch class action suit dismissed

GaryPageau ,
A U.S. District Court judge dismissed a proposed Shutterfly LLC and Shutterfly Lifetouch LLC class-action suit over allegedly unsolicited school photographs sent as part of Lifetouch’s “Family Approval Program.” The complaint, The ruling on the suit, filed in the Northern District of California, No. 5:20-cv-06040, said the plaintiffs failed to distinguish the conduct of the respective entities in their complaint.... Read More
Updated: Lifetouch, Shutterfly staff reductions near 800 News 

Updated: Lifetouch, Shutterfly staff reductions near 800

GaryPageau ,
Updated: This article was updated to add the statement from Shutterfly below: An all-hands phone conference Thursday, Jan. 21, with Shutterfly CEO Hilary Schneider brought the news of a nearly 800 person staff reduction. According to reports from people on the call, the company’s Lifetouch National School Studios business bore the brunt of the reduction, with 700 positions eliminated in... Read More
Industry Notes for the week of Dec. 12 Events News People on the Move Updates 

Industry Notes for the week of Dec. 12

GaryPageau , , , , , ,
  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, the company said in a letter to the Ohio Department of Jobs... Read More
Lifetouch promoting at-home school photos in Shutterfly app News 

Lifetouch promoting at-home school photos in Shutterfly app

GaryPageau ,
Lifetouch is promoting the concept of at-home school photos through parent company’s Shutterfly mobile app. The Picture Day Snaps @Home feature provides parents and children with an annual school photo, using Lifetouch backgrounds. The user selects the “Picture Day Snaps @Home” tab, chooses from three package choices: Basic package – Shutterfly digital image, one 8×10 and two 5x7s for $4.99.... Read More