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Lifetouch restructuring includes unspecified number of staff reductions News 

Lifetouch restructuring includes unspecified number of staff reductions

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
JCPenney announces free professional headshots Marketing 

JCPenney announces free professional headshots

JCPenney, through its partner, the Shutterfly division JCPenney Portraits by Lifetouch, is once again offering free professional headshots through its Snapshot for Success program, for the first 3,000 customers who sign before Feb 7. “At JCPenney, we are committed to serving America’s diverse, working families. Snapshot for Success is one way we’re standing with our communities to help make the... Read More
Shutterfly’s Spoonflower acquisition brings new headaches News 

Shutterfly’s Spoonflower acquisition brings new headaches

When Shutterfly bought Durham, N.C., design and decor marketplace Spoonflower in 2021 for $225 million, the deal was seen as a way to “enable Shutterfly to more broadly serve the fast-growing home decor marketplace by adding Spoonflower wallpaper, fabric, linens, bedding and other home decor soft goods to its product assortment and connecting Shutterfly’s 21 million active users to Spoonflower’s... Read More
Celebrity photo greeting cards get media attention Marketing News 

Celebrity photo greeting cards get media attention

Holiday greetings never went out of style but now the products are getting some high-wattage partnerships. As previously reported, Shutterfly brought back reality TV star Kris Jenner for a second year as a celebrity spokesperson. High-profile consumer media like The Daily Mail covered the promotion as if it were news.     Minted, the premium design marketplace for holiday cards... Read More
Shutterfly survey reports young consumers prefer physical holiday cards Market research News 

Shutterfly survey reports young consumers prefer physical holiday cards

Shutterfly released the results of a survey of 2,000 adults conducted by OnePoll regarding trends in holiday cards and gifting across both product categories, spanning generations. The survey found a resurgence in the popularity of tangible holiday expressions and that traditional physical cards and personalized gifts reign supreme in conveying the sentiment of the season, the company said. According to... Read More
Shutterfly brings back Kris Jenner for holiday sales campaign Marketing 

Shutterfly brings back Kris Jenner for holiday sales campaign

Leading personalized products company Shutterfly has again tapped celebrity Kris Jenner as its holiday promotions spokesperson. According to a MediaPost interview by Sarah Mahoney with Shutterfly’s new CMO Bree Casart, the 67-year-old Jenner is a good spokesperson to reach younger consumers. In the new campaign, which is running on Facebook, YouTube, X (formerly Twitter) and Pinterest, features a cozy living... Read More
Shutterfly changes CFO News People on the Move 

Shutterfly changes CFO

Shutterfly continues to shake up its top management as new CEO Sally Pofcher has added a new CFO, naming Jan Paul Teuwen as Senior Vice President and Chief Financial Officer (CFO), effective Sept. 11, 2023. Teuwen succeeds Mike Eklund, who will be stepping down from the CFO role to pursue other opportunities. Teuwen most recently served as Chief Financial Officer for... Read More
Shutterfly closing Shakopee manufacturing plant, laying off 246 employees News 

Shutterfly closing Shakopee manufacturing plant, laying off 246 employees

Shutterfly continues to consolidate the operations within its Lifetouch National School Portraits business unit, as it closes production facilities where work will be folded into the greater Shutterfly infrastructure. According to a local CBS affiliate, Shutterfly will close the Shakopee manufacturing plant, laying off 246 employees, in 2024. “The Minnesota Department of Employment and Economic Development says the California-based company... Read More
Shutterfly customer data not exposed in latest breach News 

Shutterfly customer data not exposed in latest breach

Personalized photo products leader Shutterfly was again the target of a data breach but said customer data was not exposed. According to Cybernews, Shutterfly was the latest in a batch of high-profile victims – like Warner Bros. Discovery and AMC Theatres – announced by the Russian-affiliated Cl0p ransomware group. Shutterfly’s Vice President of Communications, Jennifer George, confirmed to Cybernews the company... Read More
New York Times rates online photo services Marketing News 

New York Times rates online photo services

The New York Times‘ influential gear blog Wirecutter did an extensive round-up of online photo services. The round-up was conducted by Phil Ryan, Wirecutter’s senior staff writer for camera coverage. Previously, for more than 13 years, Ryan covered cameras and other photo-related items for CNET and Popular Photography. The top choice was Nations Photo Lab, which has been a favorite... Read More
Shutterfly announces early settlement of the exchange offer Investments News 

Shutterfly announces early settlement of the exchange offer

Shutterfly LLC announced it has closed its previously announced refinancing transaction. Earlier this year, news reports showed debt holders of the privately-held Shutterfly were seeking better terms after poor 2022 results. Details are in the press release below: Shutterfly, LLC (the “Company,” “we,” “our” and “us”) today announced that, on June 9, 2023, Shutterfly Finance, LLC, a subsidiary of the... Read More
Shutterfly announces early tender offer results for exchange offer News 

Shutterfly announces early tender offer results for exchange offer

Personalized photo products leader Shutterfly announced the early results of its previously announced tender exchange offer. The San Jose-based company has been struggling to manage its debt load and, in May, announced to plans raise “approximately $200 million of additional debt financing, extend existing debt maturities, and meaningfully improve liquidity.” The heavily legalese-laden announcement indicates the tender offer is being... Read More
Shutterfly restructures debt Investments News 

Shutterfly restructures debt

Shutterfly, LLC announced the launch of a debt exchange offer and consent solicitation for eligible noteholders, as detailed here in the press release. The announcement follows reports that Shutterfly has been struggling to service its debt on lagging sales. The U.S.’s leading personalized photo products company, Shutterfly replaced its CEO last week. Pursuant to a Transaction Support Agreement entered into... Read More
Shutterfly appoints Sally Pofcher as CEO People on the Move 

Shutterfly appoints Sally Pofcher as CEO

U.S. photo personalization giant Shutterfly announced experienced retail executive Sally Pofcher has joined the privately-held company as Chief Executive Officer. Hilary Schneider, Shutterfly’s CEO since 2019, will transition to a strategic advisor to the Company’s Board of Directors, the company said in a statement. Pofcher joins the Shutterfly executive team with more than 30 years of experience in growing and... Read More