Costco Wholesale Corporation Reports August Sales Results

The U.S. Postal Service announced its financial results for the first quarter of its fiscal year 2022 (Oct. 1, 2021 - Dec. 31, 2021), reporting an adjusted loss of approximately $1.3 billion for the quarter, compared to an adjusted loss of $288 million for the same quarter last year. Adjusted loss excludes non-cash workers' compensation adjustments for the impacts of actuarial revaluation and discount rate changes, which are outside of management's control. On a U.S. generally accepted accounting principles basis, the Postal Service had a net loss of approximately $1.5 billion for the quarter, compared to net income of $318 million for the same quarter last year. The increases in both net loss and adjusted loss were partially driven by inflationary impacts to operating expenses, including rising prices associated with energy and fuel expenses.

Through its global print partner network, HP offers publishers a more economic, sustainable, and resilient way to do business. Print-on-demand is not a new capability. In fact, publishers have been benefiting from POD for decades. “However, it’s typically been used for managing lower print volume requirements,” says Paul Randall, product marketing manager at HP Publishing Solutions. “But now the industry needs to address other challenges around the sustainability of its supply chains, as well as its ability to react quickly and with agility to changing market dynamics.” As the publishing industry continues to cope with the challenges of the Covid-19 pandemic, many publishers are finding that their supply chains are no longer sustainable. That’s where HP Publishing Solutions can help, with its global print partner network that offers publishers a better way to do business.

J. C. Penney Company, Inc. announced that it has reached an agreement in principle to sell JCPenney through a court-supervised sale process. The Company plans to seek approval of a disclosure statement and, ultimately, confirmation of a plan of reorganization in parallel with the sale process. Related to the sale process, JCPenney expects to execute a “stalking horse” asset purchase agreement, which will track an executed letter of intent, outlining the following: *Brookfield Property Group and Simon Property Group intend to acquire substantially all of JCPenney’s retail and operating assets for $1.75 billion, which includes a combination of cash and new term loan debt. *The agreement contemplates the formation of a separate real estate investment trust and a property holding company, which will include 161 of the Company’s real estate assets and all of its owned distribution centers. The PropCos will be owned by the Company’s Ad Hoc Group of First Lien Lenders. *The OpCo and PropCos will enter into a master lease with respect to the properties and distribution centers moved into the PropCos.