Costco Wholesale Corporation Reports May Sales Results

HarperCollins Publishers announced several executive-level personnel changes. Suzanne Murphy, President and Publisher of HarperCollins Children’s Books, will be leaving the company to pursue other interests. Liate Stehlik has been promoted to President and Publisher, Morrow Group and HarperCollins Children’s Books, adding the Children’s division to her purview. Dan Schwartz has been promoted to EVP, CFO and Head of North American Operations. Matt Bennett, Global Chief Information Officer, has been appointed to the company’s global executive committee, now reporting to Schwartz. Zandra Magariño, SVP, Chief People Officer, will expand her role to include oversight of real estate, as well as employee health, safety, and security. Brian Murray, President and CEO, HarperCollins Publishers, said, “Earlier this year, we launched a transformation effort to identify new ways to work smarter and more efficiently across North America and globally. To that end, we are clarifying and consolidating our executive leadership team. This new structure will allow us to implement key publishing, systems, and operational changes to confront current challenges and seize existing opportunities in our rapidly evolving industry.”

FY23 fourth quarter service performance scores covering July 1 through August 4, included: *First-Class Mail: 91.4 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 95.1 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 85.7 percent of Periodicals delivered on time against the USPS service standard, a decrease of 2.9 percentage points from the fiscal third quarter.

“The U.S. Postal Service greatly appreciates the efforts of the House of Representatives to assist us. We look forward to continuing to work with Congress on more meaningful reform that will ensure our long-term health, and we remain a vital part of our nation’s critical infrastructure. We are concerned that some of the requirements of the Bill, while well meaning, will constrain the ability of the Postal Service to make operational changes that will improve efficiency, reduce costs, and ultimately improve service to the American people. We reiterate that the Postal Service is fully capable and committed to delivering the nation’s election mail securely and on time, and will do everything necessary to meet this sacred duty.”