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Opinion: Shutterfly shakeup in wake of soft sales Earnings reports News Opinion 

Opinion: Shutterfly shakeup in wake of soft sales

GaryPageau ,
Shutterfly Inc.‘s announcement of its fourth-quarter earnings shook up more than its investors, who dropped the company’s stock 13 percent by this morning. The board also announced the upcoming departure of CEO Christopher North, who shepherded the company for three years and orchestrated the purchase of Lifetouch Inc., and the formation of an exploratory committee to explore options for the company,... Read More
Lifetouch integration with Shutterfly heralds change in school photo business model Market research Opinion 

Lifetouch integration with Shutterfly heralds change in school photo business model

GaryPageau , , ,
Our friends at CaptureLife recently posted a blog about how Shutterfly has begun integrating Lifetouch school photos into its mobile app. This long-anticipated step is the beginning of a shift in the marketing and fulfillment of school and event photos. Through the long history of school photography, a school-portrait company’s main customer was the school district or school board themselves.... Read More
Shutterfly funds wildfire disaster relief and helps families rebuild lost memories News Press releases 

Shutterfly funds wildfire disaster relief and helps families rebuild lost memories

GaryPageau ,
REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer dedicated to helping families capture, preserve and share life’s important moments, today announced efforts to support disaster relief in the wake of California wildfires, as well committing to help families rebuild precious memories lost in the fires. “We stand together with our employees, neighbors, and communities across the state who... Read More
Edge Imaging looks to expand, to invest Feature Opinion 

Edge Imaging looks to expand, to invest

GaryPageau , ,
In recent months, there’s been a lot of investment and business activity in the school and events photography space. Lifetouch and Jostens have both found new owners and, north of the border, long-standing Canadian firm Edge Imaging announced in late October Walter Capital Partners made a “significant investment” in the company, with the intention of building the Burlington, Ontario, company... Read More
Lifetouch ESOP suit dismissed over lack of specific details News 

Lifetouch ESOP suit dismissed over lack of specific details

GaryPageau ,
Bloomberg Law reports Lifetouch Inc. employees lost their lawsuit alleging the group lost hundreds of millions of dollars in retirement savings when their employee stock ownership plan (ESOP) dropped in value. The original lawsuit is here. The employees didn’t provide enough specific details backing their claim Lifetouch and its directors fraudulently inflated the company’s stock value before its 2018 sale to Shutterfly... Read More
Shutterfly’s third-quarter consumer business disappoints, company misses target Earnings reports News Press releases 

Shutterfly’s third-quarter consumer business disappoints, company misses target

GaryPageau , ,
Shutterfly reported a third-quarter net loss of $73.5 million, compared to last year’s $25.6 million loss, on net revenues of $368.8 million. The company’s shares dropped more than 12 percent in after-hours trading because revenues were below analysts’ consensus of $377.5 million. In particular, the company highlighted contributions of its newly acquired Lifetouch school-photo business but the consumer business dropped... Read More
Michael Christman, former Lifetouch executive joins CaptureLife as advisor People on the Move Press releases 

Michael Christman, former Lifetouch executive joins CaptureLife as advisor

GaryPageau ,
CaptureLife is pleased to announce Michael Christman, a leader in the professional photography industry, is now partnering with CaptureLife as a strategic consultant and advisor to the volume photography segment. Christman brings over four decades of experience and passion for professional photography to the CaptureLife team and its prospective customers, particularly with school portraits and youth sports. Michael’s infectious energy... Read More
iMemories returns to founders in purchase from Shutterfly Feature News 

iMemories returns to founders in purchase from Shutterfly

GaryPageau , , , , ,
The industry’s largest recent acquisition – Shutterfly buying Lifetouch – created waves and, in the case of iMemories, new opportunities. The former Lifetouch segment was sold back to its founder, Mark Rukavina, and longtime executive Steve Krell, who are looking to expand the business dramatically. The Dead Pixels Society recently talked with Rukavina about the divestment and the future of... Read More
CaptureLife high-volume photography webinar features Disney, Lifetouch execs News 

CaptureLife high-volume photography webinar features Disney, Lifetouch execs

GaryPageau , ,
CaptureLife, the mobile digital marketplace vendors, is offering a free webinar/video, embedded below, describing how Disney Parks transformed their digital photography business. The video should be of interest, featuring former Disney and Lifetouch executives, is of interest to anyone in the high-volume photography market. What Volume Photographers Can Learn from Disney’s Digital Photography Transformation Featuring: Rob Mauldin Former Director of Imaging, Disney Parks... Read More
Shutterfly reports first quarter results; will exit iMemories Earnings reports News Press releases 

Shutterfly reports first quarter results; will exit iMemories

GaryPageau , , 4 Comments
Editor’s note: Post updated to reflect iMemories will not be closed – as previously written – but “exited.” Industry reports is a new buyer will take over the business. A few highlights from the Shutterfly earnings report, reproduced below. Shutterfly closed the Lifetouch acquisition April 2 Shutterfly will exit Lifetouch’s iMemories business in the second quarter, earlier than expected. This... Read More
Shutterfly closes transformational acquisition of Lifetouch News Press releases 

Shutterfly closes transformational acquisition of Lifetouch

GaryPageau , ,
Company Issues $825M Term Loan B to Finance Acquisition Updated Credit Ratings Maintain Ba3/BB- Rating REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly (NASDAQ: SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an... Read More
Lifetouch directors suit alleges mismanagement of ESOP News 

Lifetouch directors suit alleges mismanagement of ESOP

GaryPageau ,
Bloomberg Law reports a March 1 class-action lawsuit alleges Lifetouch Inc. employees suffered “hundreds of millions of dollars” in damages by investing their retirement plans in the company’s employee stock ownership plan (ESOP). The suit alleges the company’s board did not do enough to protect workers’ retirement savings in the ESOP, as the value of the company’s stock declined more... Read More
Winners and losers of the Shutterfly/Lifetouch combination News Opinion 

Winners and losers of the Shutterfly/Lifetouch combination

GaryPageau , , 2 Comments
The photo industry’s biggest merger in years has brought up rampant speculation among competitors, vendors and gadflies about the Shutterfly acquisition of Lifetouch. Details of the combination are still coming out, but it’s clear there is a short-term positive reception. Shutterfly’s stock rose to more than $70 a share, after being mired in the mid-$50 range for months. From a... Read More
Lifetouch purchase brings immediate benefits to Shutterfly News Opinion 

Lifetouch purchase brings immediate benefits to Shutterfly

GaryPageau , , 1 Comment
Shutterfly shares jumped nearly 20% last night on the news the leading photo-personalization company was buying the billion-dollar company in the school photography space, Lifetouch National School Studios for $825 million, as well as the report the company beat its fourth-quarter forecasts. The deal includes Lifetouch’s school business, as well as it’s ancillary businesses of church directories, preschool photography, JC Penney retail... Read More
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