Costco Wholesale Corporation Reports August Sales Results

Gannett | USA TODAY NETWORK announced a major organizational change that more definitively aligns with the company’s refreshed business strategy, which focuses on two primary businesses: Marketing Solutions and Consumer. “These organizational changes will better position us to further enhance and expand our marketing solutions capabilities fueled by our audience growth and engagement. I am confident this new structure will open up opportunities, enable us to innovate more quickly and support long-term growth,” said Bob Dickey, president and CEO of Gannett. Two executives have been named to lead the company’s two primary businesses: Leading marketing solutions will be Sharon Rowlands, CEO of ReachLocal, who has been named president, USA TODAY NETWORK Marketing Solutions. Rowlands will focus on further strengthening and growing our business-to-business segment, leveraging not only ReachLocal and SweetIQ, but also USA TODAY NETWORK’s powerful media assets and national and local brands. Leading the consumer business will be Maribel Perez Wadsworth, current chief transformation officer, who has been named president, USA TODAY NETWORK. Wadsworth will lead USA TODAY NETWORK’s consumer business to include strategy and operations for the company’s award-winning portfolio of media brands such as USA TODAY, more than 100 local news and niche content brands such as For The Win (FTW) and Grateful. In addition, she will become associate publisher of USA TODAY, as part of the transition associated with John Zidich’s previously announced retirement as president of Domestic Publishing. Click Read More below for additional information.

The Association of American Publishers released its StatShot report for February 2021 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Total revenues across all categories for February 2021 were up 24.7% as compared to February 2020, coming in at $964.5 million. Year to date revenues were up 16.4%, at $2.2 billion for the first two months of the year. click read more below for details

Highlights * Encouraging start to the year despite challenging market conditions, with underlying revenue growth of 5% reflecting good progress as we reposition Pearson for sustainable growth with a strong direct to consumer focus. * Global Online Learning up 25%, with strong growth in Virtual Schools due to enrolment growth in the current school year in Partner Schools as well as in US district partnerships; modest growth in OPM due to ongoing impact of discontinued programs. * Global Assessment down 2%, as strong recovery in Professional Certification and US Clinical Assessment was more than offset by US School Assessment, where revenue was down significantly due to the challenging comparative and reuse of material from cancelled exams. * North American Courseware up 1% as Canada benefited from the continued sales shift to digital and a school funding increase which more than offset a 1% decline in US Higher Education Courseware. We continued to see good momentum in the US business with growth in total units sold into colleges, growth in digital sales and registrations, and returns continuing to trend lower. Growth in eBooks more than offset declines in print and bundle units, showing signs of secondary market recapture. * International down 2% with a decline in English as COVID-19 continued to impact our courseware and franchise business in Latin America, notwithstanding slight improvement in Pearson Test of English volume and courseware recovery in China. BTEC revenue was lower due to FE College closures and lower resit fees due to 2020 exam cancellations. This was partially negated by strong courseware sales in Europe and South Africa. *We continue to expect our performance to be in line with our 2021 outlook, as outlined on 8 March 2021 at our full year results.