Bloomsbury Completes acquisition of Red Globe Press

Global learning company Houghton Mifflin Harcourt (HMH) announced today a partnership with education nonprofit City Year to launch HMH Classroom Corps, a unique multi-tiered program that provides employees with opportunities to connect with teachers and students in schools across the United States. Part of the company’s Corporate Social Responsibility program, HMH Classroom Corps will connect employees with local City Year chapters to host Learning Forums—interactive events focused on helping students build literary and math skills through hands-on activities. In March, HMH employees across three offices participated in the inaugural Learning Forums at P.S. 75 School of Research and Discovery in New York City, the Lake View YMCA in Chicago, and the Curtis Guild Elementary School in Boston. Volunteers guided elementary school students through literacy and STEM activities, including assembling geometric shapes using marshmallows and toothpicks, conducting volcano experiments, and performing short plays from HMH’s Readers’ Theater collection. Each student was able to select from hundreds of donated HMH books to take home. Click Read More below for additional information.

The United States Postal Service reported new delivery performance metrics for the eleventh week of the fiscal fourth quarter. The data shows continued strong performance for First-Class Mail, Marketing Mail, and Periodicals. During the reporting period, the Postal Service averaged 2.5 days to deliver a mailpiece or package across the postal network. FY2022 fourth quarter service performance scores covering July 1 through Sept. 16 included: *First-Class Mail: 93.2 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.6 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 87.1 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.

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.