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

Opinion: Shutterfly shakeup in wake of soft sales

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
Shutterfly announces fourth quarter and full year 2018 financial results Earnings reports Press releases 

Shutterfly announces fourth quarter and full year 2018 financial results

February 05, 2019 04:02 PM Eastern Standard Time – REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced financial results for the fourth quarter and full year ended December 31, 2018. “2018 was a transformational year for Shutterfly, with the Lifetouch acquisition almost doubling the size... Read More
Shutterfly Inc. announces CEO transition News Press releases 

Shutterfly Inc. announces CEO transition

President and CEO Christopher North to remain through August 2019 to facilitate the transition February 05, 2019 04:04 PM Eastern Standard Time – REDWOOD CITY, Calif.–(BUSINESS WIRE)-–Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, announced today that Christopher North, President and CEO, will be stepping down from his leadership... Read More
Shutterfly announces formation of Strategic Review Committee News Press releases 

Shutterfly announces formation of Strategic Review Committee

February 05, 2019 04:03 PM Eastern Standard Time REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ:SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced that its Board of Directors has formed a Strategic Review Committee and retained Morgan Stanley as financial advisor, as it continues an ongoing review of strategic alternatives. The... Read More
Notable photo app updates for December Market research News 

Notable photo app updates for December

Several mobile apps have published updates. Here’s an overview: Shutterfly Tiny Prints luxe cards collection, with unique designs and styles Art Filters available only in the app Get a free photo book a month Instasize Latest update features new December Filters (S1, S3, S3), say hello the Spruce Collection, the combination of moody hues. New Joy border pack, minimal in... 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

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

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
App updates from Google Photos, InstaSize, Shutterfly, Mylio News Opinion Updates 

App updates from Google Photos, InstaSize, Shutterfly, Mylio

As the fourth quarter gets underway, some major photo apps are getting in some updates. Following are some highlights of some popular apps: Google Photos Android Police reports Google Photos has added customized page layouts to its photobook offerings. Previously, page layouts were limited to one photo per page. “You can add up to four photos to each page and... Read More
Lifetouch ESOP suit dismissed over lack of specific details News 

Lifetouch ESOP suit dismissed over lack of specific details

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

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
Shutterfly names Mickey Mericle senior vice president, chief marketing officer People on the Move Press releases 

Shutterfly names Mickey Mericle senior vice president, chief marketing officer

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced the appointment of Mickey Mericle as Senior Vice President and Chief Marketing Officer. “All of us at Shutterfly are delighted... Read More
The shift away from free in online photo News 

The shift away from free in online photo

In search of better margins, big brands are moving away from regular discounts There’s no question the online photofinishing market is becoming mature, as print volume shifts to mobile and, particularly, to apps. In recent earnings reports, some big brands indicated a move away from free offers to improve margins. Understandably, they are taking a hit on volume but are... Read More
Shutterfly announces second quarter 2018 financial results Earnings reports News Opinion Press releases 

Shutterfly announces second quarter 2018 financial results

[Editor’s Note: The press-release text featuring the major points of the Shutterfly second-quarter earnings release is below, followed by a link to the extensive tables. A review of the detailed tables does provide some interesting information, including this by-segment breakdown in the Shutterfly Consumer Business: Appendix 1.5 Shutterfly, Inc. Shutterfly Consumer net revenue by Brand (In thousands) (Unaudited) Three Months... Read More
Apple closing Photo Print Products Service by Sept. 30 News Opinion 

Apple closing Photo Print Products Service by Sept. 30

Apple Inc. will be closing its integrated Photo Print Products service this fall, according to a dialog box in the macOS 10.13.6 Photos app. The app now recommends the user download a Photos Project Extension from the Mac App Store to create books, cards, calendars and prints. The company added final purchases using the existing built-in service must be placed by... Read More
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