Average Delivery Time Across Postal Service Network Remains Stable

Consistent with expectations disclosed in the company’s July 28, 2020 business update, net sales were $2.319 billion for the quarter ended Aug. 1, 2020, a decrease of 20 percent compared to sales of $2.902 billion for the quarter ended Aug. 3, 2019. Total Bath & Body Works second quarter sales in the United States and Canada were $1.197 billion, an increase of 13 percent compared to $1.061 billion last year. Total Victoria’s Secret second quarter sales in the United States and Canada were $977.5 million, a decrease of 39 percent compared to $1.606 billion last year. Reported loss per share for the second quarter ended Aug. 1, 2020, was $0.18 compared to earnings per share of $0.14 for the quarter ended Aug. 3, 2019. Second quarter operating income was $44.0 million compared to $174.6 million last year, and net loss was $49.6 million compared to net income of $37.6 million last year.

Unit sales of print books rose 2.3% in the week ended May 22, 2021, over the comparable week in 2020, at outlets that report to NPD BookScan. The relatively small increase is due in part to last year’s release at this time of The Ballad of Songbirds and Snakes by Suzanne Collins, which sold more than 271,000 copies in its first week. As a result of Ballad’s blockbuster performance last year, units in the week dropped 24.4% in the young adult fiction category. The juvenile nonfiction category had its worst week so far this year, with units falling 21.3% compared to the week ended May 23, 2020, when parents were still heavily buying books to teach their children at home. My First Learn-to-Write Workbook by Crystal Radke was #1 in the category last year at this time, selling more than 20,000 copies, and it was tops again in the most recent week, selling just over 7,000 copies.

InnerWorkings Inc., the leading global marketing execution firm, announced a new long-term alliance with global lodging company Choice Hotels International. Under a multi-year agreement, InnerWorkings will deploy an integrated solution across a broad scope of marketing channels for Choice Hotels, including direct mail, branded merchandise, signage, and other marketing collateral. InnerWorkings will also implement a custom eCommerce and fulfillment platform, delivering a comprehensive marketing supply chain solution to support Choice's extensive brand portfolio. Click Read More below for more of the story.