Bloomsbury Completes acquisition of Red Globe Press

The print and paper advocacy group, Two Sides, are excited to announce its newest partner member, the enclosing and mailing experts, GB Mail. Set up in 2017 by Joe Ghadami, Gary Leonard-Pepin and Ben Taheri, the Aylesbury based mailing house specialises in fully automated high-speed paperwrap, polywrap and envelope enclosing. Also located on site is GB Mail’s storage and fulfilment department and digital print room housing eight production presses. “Sustainability is a big part of our company ethos at GB Mail and we are constantly at the forefront of testing eco-friendly innovative mailing options. We are proud to have been one of the first mailing houses in the UK to offer paper-wrapping services. This eco-friendly way to wrap your mailing item is fully recyclable and provides the wow factor. As an environmentally aware business, partnering with Two Sides is the natural next step on our sustainable journey.” says Joseph Ghadami, Managing Director at GB Mail.

Amazon Prime members saved more than $1 billion across millions of deals during Prime Big Deal Days on October 10 and 11. For the second year, Amazon kicked off the holiday shopping season with a two-day exclusive shopping event for Prime members, helping members get everything they want and need, quickly and reliably across hundreds of millions of items worldwide. “Prime Big Deal Days was a strong start to the holiday shopping season, offering Prime members an exclusive early opportunity to save and surpassing our expectations. This event outpaced last year’s holiday kick-off event, with more Prime members shopping this year,” said Doug Herrington, CEO of Worldwide Amazon Stores. “Millions of Prime packages in the U.S. have already been delivered, and we’ll continue to offer fast, free delivery across our wide selection throughout the holidays. Thank you to our employees and selling partners around the world for their continued commitment to our customers as we head into this busy shopping season.”

The company reported net sales of $2.755 billion for the second quarter ended July 29, 2017, compared to sales of $2.890 billion for the second quarter ended July 30, 2016. The company reported a comparable sales decrease of 8 percent for the second quarter ended July 29, 2017. For the second quarter ended July 29, 2017, the exit of the swim and apparel categories had a negative impact of about 6 percentage points and 9 percentage points to total company and Victoria’s Secret comparable sales, respectively. The second quarter comparable sales decline of 8 percent was below the company’s expectations. Accordingly, the company’s guidance for the remainder of the year reflects a more conservative sales forecast than its previous guidance. The company updated its guidance for 2017 full-year earnings per share to $3.00 to $3.20 from $3.10 to $3.40 previously, and issued guidance for third quarter earnings per share between $0.25 and $0.30. Click Read More below for additional detail.