Active Interest Media Sells Several Magazines to Pocket Outdoor Media (foliomag.com)

Domestic revenue of $10.99 billion increased 1.2% versus last year. The increase was primarily driven by comparable sales growth of 2.0%, which was partially offset by the loss of revenue from permanent store closures in the past year. Domestic GAAP SG&A was $1.96 billion, or 17.9% of revenue, versus $1.95 billion, or 18.0% of revenue, last year. International revenue of $925 million decreased 7.8% versus last year. This decrease was primarily driven by the loss of revenue from exiting Mexico and a comparable sales decline of 3.0% in Canada. These items were partially offset by the benefit of approximately 450 basis points of favorable foreign currency exchange rates. International GAAP gross profit rate was 25.0% versus 19.0% last year. On a non-GAAP basis, the gross profit rate was 25.0% versus 22.6% last year.

July 1. That’s the expiration date for the contract that covers the International Longshore and Warehouse Union’s more than 22,000 workers at the 29 ports along the West Coast. Negotiations are ongoing, but experts think it is unlikely a deal will be reached before July 1. (In the past, contract talks have run beyond the expiration date and led to major disruptions to port operations.) The stakes are especially high this time around, however, as the negotiations are playing out amid a backdrop of global supply chain disruptions. Chain Store Age spoke with Spencer Shute, senior consultant at procurement and supply chain consultancy Proxima, part of Bain & Company, about the possibility of a shutdown and its impact on retailers.

The U.S Postal Service (USPS) and U.S. Postal Inspection Service (USPIS) announced an update on Project Safe Delivery, a joint initiative to protect postal employees and secure the nation’s mail and packages. The initiative was launched in May 2023 in direct response to rising crime across the nation that has led to increased threats and attacks on letter carriers and mail theft incidents. In February, USPIS completed a second law enforcement surge in San Francisco as a part of this nationwide effort by USPIS and USPS to protect both postal employees and the integrity of the postal system. Since the launch of Project Safe Delivery, Inspection Service personnel have conducted more than 5,500 mail theft, and violent crime prevention activities nationwide.