Active Interest Media Acquires The Taunton Press (mediapost.com)

Postmaster General Louis DeJoy issued the following statement on July 27, 2020: “The Postal Service is in a financially unsustainable position, stemming from substantial declines in mail volume, and a broken business model. We are currently unable to balance our costs with available funding sources to fulfill both our universal service mission and other legal obligations. Because of this, the Postal Service has experienced over a decade of financial losses, with no end in sight, and we face an impending liquidity crisis. Congress and the Postal Regulatory Commission must enact legislative and regulatory reforms to help address the situation. At the same time, it is imperative for the Postal Service to operate efficiently and effectively. Indeed, there are alternatives to every product that we offer, and the only way that the Postal Service can continue to provide prompt, reliable, and affordable universal postal services for all Americans over the long-term is by vigorously focusing on the efficiency of our operations." click read more below for additional comments

REI Co-op applauds the June 17 passing of the Great American Outdoors (GAO) Act by a resounding 73-25 bipartisan vote in the U.S. Senate. The Great American Outdoors Act ends a history of underfunding the Land and Water Conservation Fund and not addressing the maintenance backlog on federal public lands - efforts that have been attempted in the past and have been unable to move through the legislative process. It provides $9.5 billion to address that backlog, and $900 million annually for the LWCF.   This legislation will help dramatically reduce the growing maintenance backlog on federal public lands and will – for the first time -- provide full and consistent funding for the LWCF’s conservation and recreation goals.

For the third quarter ended October 28, 2023, net sales decreased 6.8 percent versus the same period in fiscal 2022. Gross merchandise value ("GMV") decreased 7.1 percent. Third quarter net sales include a 270 basis point negative impact from the wind-down of Canadian operations. Anniversary Sale timing, with one week shifting from the second quarter to the third quarter, had a positive impact of approximately 200 basis points on net sales compared with 2022. Excluding the impacts of the Canadian wind-down and Anniversary Sale timing shift, net sales would have been down approximately 6 percent. During the quarter, Nordstrom banner net sales decreased 9.4 percent and GMV decreased 9.8 percent. Net sales for Nordstrom Rack decreased 1.8 percent. During the third quarter, active grew by double-digits, and beauty and accessories were up by low single-digits, versus 2022.