Cougar® Paper Trails Offers Printing Primer for Creatives

"Q3 marked an important milestone for the company as we substantially completed the platform consolidation and the restructuring announced earlier this year in February," said Christopher North, President and Chief Executive Officer. "Now, Shutterfly, TinyPrints, and our Weddings business - representing the overwhelming majority of our Consumer customers - are on a single technical platform. Combined with our streamlined cost structure and sharpened focus, we're in a strong position to execute against our growth plan going forward." "Our Shutterfly brand and Shutterfly Business Solutions performed well in Q3. We continue to make good progress against our areas of strategic focus while maintaining strong cost control, and also closed a $500 million credit facility. And we're ready for the fourth quarter with a beautiful selection of holiday products for both Shutterfly and TinyPrints customers, and having significantly improved customer experiences both on the web and in our mobile app." Net revenues totaled $195.4 million, a 4% year-over-year increase. Consumer net revenues totaled $135.4 million, a 6% year-over-year decrease as anticipated, as we migrated TinyPrints customers to the Shutterfly Platform, and shut down Wedding Paper Divas in the quarter and MyPublisher earlier in the year. Shutterfly Business Solutions net revenues totaled $60.0 million, a 39% year-over-year increase. GAAP Operating loss totaled $35.8 million and Net loss was $25.6 million or $0.78 per share. Click Read More below for additional information.

Nordstrom, Inc. announced an increase in its net sales of 2.5 percent and an increase in comparable sales of 1.2 percent for the nine weeks ended December 30, 2017, compared with the same period last year. This reflected an improvement in Nordstrom full-line and Nordstrom Rack stores relative to year-to-date sales trends and continued growth in e-commerce at Nordstrom.com and Nordstromrack.com/HauteLook. In the Nordstrom brand, including U.S. and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 0.7 percent and comparable sales increased 1.0 percent. In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 8.2 percent and comparable sales increased 2.9 percent. Click Read More below for additional information.

Consistent with the rest of the shipping industry, USPS experienced delays in both ground and air transportation during the month of February due to inclement weather events including winter storms in the Midwest, South and Northeast regions. The Postal Service continues to implement mitigation plans to move mail and packages effectively across the nation. Additional second quarter service performance scores covering Jan.1 through Feb. 25 included: *First-Class Mail: 86.6 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 2.5 percentage points from the fiscal first quarter. *Marketing Mail: 91.4 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of .8 percentage point from the fiscal first quarter. *Periodicals: 80.3 percent of Periodicals delivered on time against the USPS service standard, a decrease of .5 percentage point from the fiscal first quarter.