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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
Lifetouch announces winners of “America’s Yearbook” contest Promotions 

Lifetouch announces winners of “America’s Yearbook” contest

GaryPageau ,
National school photography company Lifetouch celebrates National Yearbook Week with the unveiling of America’s Yearbook, a digital display of more than 5,300 user-submitted school pictures from the past nine decades. “Lifetouch is all about memorializing and cataloging these formative years in students’ lives – there is no better time capsule than a school picture,” said Stephanie Schmid, Vice President of... Read More
Shutterfly names Todd Marshall Lifetouch general manager People on the Move 

Shutterfly names Todd Marshall Lifetouch general manager

GaryPageau , ,
Shutterfly Inc. appointed Todd Marshall as general manager of Lifetouch; he joins the company Sept. 28. In this role, Marshall will be responsible for the Lifetouch portfolio, including school, preschool, and church photography, as well as JCPenney Portraits by Lifetouch and BorrowLenses. “Todd is a strong addition to the Shutterfly team,” said Hilary Schneider, chief executive officer of Shutterfly, Inc.... Read More
Lifetouch announces school pictures day sweepstakes News 

Lifetouch announces school pictures day sweepstakes

GaryPageau ,
Lifetouch, in conjunction with the second annual National School Picture Day, features nationwide sweepstakes inviting everyone to submit their current or vintage school picture for one of five chances to win free school pictures and yearbooks from Lifetouch, as well as Shutterfly school supplies. The sweepstakes is open to anyone and entry is available now through Sept. 17 at lifetouch.com/sweepstakes. Five winners... Read More
Lifetouch creates school opening dashboard for Picture Day Scheduling News 

Lifetouch creates school opening dashboard for Picture Day Scheduling

GaryPageau
Lifetouch released its proprietary COVID-19 School Opening Dashboard, a tool for Lifetouch and its partner schools to use while planning how, and when, schools can carry out school picture days despite COVID-19-related disruptions. The company says the Lifetouch School Opening Dashboard aggregates disparate data into a single view including heat maps and other visualization tools for Lifetouch teams to be able to... Read More
Shutterfly hit with class action suit over Lifetouch Family Approval Program News 

Shutterfly hit with class action suit over Lifetouch Family Approval Program

GaryPageau ,
Shutterfly has been hit with a consumer class action suit over its Lifetouch Family Approval Program, a preschool portrait service the lawsuit claims violates the Postal Reorganization Act and California state consumer protection laws, according to Bloomberg Law. The suit, filed in the Northern District of California, No. 5:20-cv-06040, states would-be class plaintiffs Don Cullen and Ellen Ross claim Lifetouch... Read More