You are here
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
Shutterfly extending photo deletion date following customer complaints New Products News 

Shutterfly extending photo deletion date following customer complaints

A Boston TV station acted quickly when a viewer complained that Shutterfly‘s new photo deletion policy for customers who no longer place orders resulted in her photos being unintentionally deleted. As a result, the leading photo personalization products company has extended its deadline for deleting customer photos from inactive accounts from March 29 to May 30, 2023. According to the... Read More
Bloomberg: Shutterfly bonds fall on delay of annual report Earnings reports 

Bloomberg: Shutterfly bonds fall on delay of annual report

Bloomberg Law reports Apollo Global Management-backed Shutterfly LLC’s bonds fell Tuesday, April 18, after the photo products retailer informed investors it will delay the release of its annual results for 2022, according to people with knowledge of the matter. According to the report from Bloomberg’s Reshmi Basu and Erin Hudson, Shutterfly advised debt holders it amended its credit documents to... Read More
Jostens joins Minneapolis office space downsizing trend News 

Jostens joins Minneapolis office space downsizing trend

School ring maker, yearbook, and school photography company Jostens has become the latest corporation to join the office downsizing trend, announcing Wednesday it will sublease two of its three floors of headquarters space in a Bloomington, Minnesota, building, according to the Star Tribune. Jostens, which has been in the Minnesota Center building since 2018, has hired Monarch CRE to sublease... Read More
Update: Shutterfly layoffs impact 360 News 

Update: Shutterfly layoffs impact 360

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
Target transfers photo department to EZ Prints News 

Target transfers photo department to EZ Prints

Another major North American retailer is transferring it branded photo printing site to a traditional photo site. Target Photo has elected to transfer its business to a partner, EZ Prints. In an announcement posted on the site, Target says users can migrate their account to the EZ Prints site. This is the second major announcement of a large retailer doing this,... Read More
JCPenney Portraits by Lifetouch promoting dog adoption News 

JCPenney Portraits by Lifetouch promoting dog adoption

Beginning Jan. 24, Change a Pet’s Life Day, JCPenney Portraits by Lifetouch is offering is partnering with local animal shelters in 10 U.S. cities to help senior dogs find a home. In addition, the company is offering free pet portrait for customers at JCPenney Portraits by Lifetouch. “As a brand focused on supporting families on every occasion, we care about the... Read More
Costco picks Shutterfly to fulfill online photo services Partnerships 

Costco picks Shutterfly to fulfill online photo services

Costco Wholesale Club is making drastic changes to its photo program, continuing an apparent ongoing exodus from active participation in the category. The company, which closed its in-warehouse labs in 2021, announced that Costco has partnered with category leader Shutterfly to offer a 51-percent discount and free shipping on orders priced above $49. Beginning Jan. 11, Costco customers can transfer photo... Read More
Shutterfly study says U.S. gift-givers concerned about budgets Market research 

Shutterfly study says U.S. gift-givers concerned about budgets

Personalized products leader Shutterfly announced findings from an annual holiday survey, as well as proprietary data on consumer retail trends and the company’s approach to the holiday season amidst continued inflation. Although nearly two-thirds (64%) of Americans report being concerned about the impact of rising prices on their holiday gift budgets amidst current economic pressures, but Shutterfly claims it is... Read More
Shutterfly CEO sees “choppy” times coming News 

Shutterfly CEO sees “choppy” times coming

Shutterfly CEO Hilary Schneider told the Associate Press the economic outlook is “choppy.” “We’re certainly going through an economic reconciliation here,” she said. “It’s hard to remember what that’s like because we have been in a bull market for so long. But those of us with some gray hair have seen this before. I think the reality is it’s a... Read More
Shutterfly saying goodbye to free storage for non-paying customers Updates 

Shutterfly saying goodbye to free storage for non-paying customers

Personalized product leader Shutterfly is notifying lagging customers that, due to an upcoming change in its 2023 Terms of Service, there is no longer free lifetime storage unless a purchase is made. The move is consistent with many other photo services, like Google Photos and Shoebox, which ended free unlimited storage of photos. At one time (and prior to its... Read More
Shutterfly taps Kris Jenner for holiday season promotion Marketing News 

Shutterfly taps Kris Jenner for holiday season promotion

Shutterfly announced an ongoing partnership with reality TV star and social-media influencer Kris Jenner kicking off with the brand’s 2022 holiday campaign. The new campaign, “Win the Holidays” is designed to inspire consumers to think beyond generic cards and gifts and instead celebrate what makes each family unique and one-of-a-kind, the company said. “No two families are the same –... Read More
Shutterfly continues to spin “beyond photo personalization” Acquisitions News 

Shutterfly continues to spin “beyond photo personalization”

Since buying the Spoonflower design and decor marketplace last year, Shutterfly has updated its messaging to extoll the virtues of going “beyond photo personalization.” This month, on the one-year acquisition anniversary of the acquisition, the company announced the launch of 4,000 artist-led designs on Shutterfly products now available on the Shutterfly platform. The press release states “Shutterfly’s expansion into the... Read More
Shutterfly launches “Shutterfly Collective” featuring digital Icons, Spoonflower artists Marketing News 

Shutterfly launches “Shutterfly Collective” featuring digital Icons, Spoonflower artists

Shutterfly launched its first limited-edition capsule collection, The Shutterfly Collective, to celebrate the addition of 4,000 new artist-sourced designs available in home decor and gift items on the Shutterfly platform. The inaugural Collective is designed and inspired by “digital icons” paired with four Spoonflower Independent Artists, who “helped bring each of their personalities and four product categories to life, and demonstrates... Read More