Costco Wholesale Corporation Reports April Sales Results

As part of its 10-year plan to achieve financial sustainability and service excellence, the Postal Service announced key network infrastructure investments to meet the evolving mailing and shipping needs of American public and business customers ahead of the 2021 holiday season. These initiatives and investments include: *An accelerated investment and procurement of 138 package processing sorters that will be operational ahead of the 2021 peak holiday season. *The leasing of an additional 45 annex facilities located near processing centers in key locations to support surges and overflow of packages. *The movement of mail processing operations at 18 facilities previously paused in 2015.

The Association of American Publishers (AAP) welcomes the release of the 2022 Special 301 Report by the Office of the U.S. Trade Representative (USTR). The Special 301 Report serves the critical function of identifying continuing impediments to the ability of U.S. copyright owners to compete successfully in foreign markets, including markets of importance to the U.S. publishing industry. China remains on the Priority Watch List, with the Report again noting the prevalence of online piracy and the significant obstacles to releasing legitimate content into the market, given China’s stringent content review requirements. While Canada has made progress with respect to the certain IP and enforcement issues, per its obligations under the U.S.-Mexico-Canada Agreement, the country continues on the Watch List, given the U.S government’s continuing concerns with the “ambiguous education-related exception added to the copyright law in 2012,” and “high levels of online piracy.”

The Association of American Publishers (AAP) today released its StatShot report for April 2023 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. Total revenues across all categories for April 2023 were down 7.6% as compared to April 2022, coming in at $732.3 million. Year-to-date revenues were up 0.9%, at $3.9 billion for the first four months of the year. Trade (Consumer Books) revenues were down 11.2% in April, coming in at $605.7 million. In terms of physical paper format revenues during the month of April, in the Trade (Consumer Books) category, Hardback revenues were down 9.2%, coming in at $218.1 million; Paperbacks were down 16.3%, with $208.9 million in revenue; Mass Market was down 10.7% to $12.7 million; and Special Bindings were down 2.8%, with $12.3 million in revenue.