AAP July 2022 StatShot Report: Publishing Industry Down 4.1% Year-To-Date and Down 14.9% for July

Cross-border shipping rates will go up for many U.S. shippers on July 1. This change comes after countries began to self-declare postal rates based on the deal reached by the Universal Postal Union (UPU) in September, Supply Chain Dive reported. Many postage sellers, consolidators and other cross-border service providers such as FedEx, UPS and Stamps.com, received new contracts from USPS last month, but many haven't yet alerted shippers of the change. Without direct communication from service providers, shippers may be confused when their rates go up, unsure what the increase is for. Supply Chain Dive reported that any business that is a bulk cross-border shipper will see a rate increase.

Urban Outfitters, Inc. announced net income of $32 million and earnings per diluted share of $0.33 for the three months ended April 30, 2022. Total Company net sales for the three months ended April 30, 2022, increased 13.4% over the same period last year to a record $1.05 billion. Total Retail segment net sales increased 12%, with comparable Retail segment net sales increasing 11%. By brand, comparable Retail segment net sales increased 18% at the Anthropologie Group, 15% at the Free People Group and 1% at Urban Outfitters. Wholesale segment net sales increased 6%, driven by a 9% increase in Free People Group wholesale sales. Nuuly segment net sales increased by $15.0 million driven by a significant increase in our subscriber base. “We are pleased to announce record Q1 sales driven by an 11% Retail segment ‘comp’,” said Richard A. Hayne, Chief Executive Officer. “Unfortunately, the impact of inflation on our costs of doing business more than offset the benefit of record revenues,” finished Mr. Hayne.

Savvas Learning Company is pleased to announce that CEO Bethlam Forsa has been selected for membership in the Newsweek Expert Forum, an invitation-only community for pioneering thinkers and cross-industry business leaders. As a member, Forsa will regularly contribute original articles for Newsweek.com on a diverse range of topics impacting the world of education. “I am excited by the many opportunities the Newsweek Expert Forum will provide to share my perspectives on the most pressing challenges, emerging trends and urgent issues facing education today,” said Forsa. “I look forward to fostering conversations about how to address those challenges, support educators, students and families, and build better, more engaging and impactful education solutions in the future.”