Gap Exiting Malls, to Shutter 350 Stores by 2024 (mytotalretail.com)

Highlights from the quarter include: *Raising 2021 billings guidance to $980-1,020 million and unlevered free cash flow guidance to 12-14% of billings *Strong billings growth across the Company of 25% in Q2 and 21% YTD as demand for teaching and learning solutions grows with students returning to classrooms this fall *Annualized Recurring Revenue (ARR)2 growth accelerated 106% bringing ARR to $77 million, or 8% of trailing twelve-month billings. Net Retention Rate (NRR)2 was 154% *Trailing twelve-month free cash flow of $101 million, an improvement of $29 million compared to the first quarter of 2021, reflecting strong operating leverage and the benefits of 2020 actions to align HMH’s cost structure with its Digital First, Connected strategy *Gross leverage ratio of 1.8x, below HMH’s target leverage ratio of 2.0x adjusted EBITDA

Bookstore sales posted another huge gain in September, with sales jumping 42.1%, to $881 million, over 2020, during which September sales were $620 million, according to estimates from the U.S. Census Bureau. While sales growth has slowed since spring, monthly increases remain substantially over those of the 2020 slump, when many bookstores were shut to in-store shopping for much of the year. For the entire retail segment, sales were up 14.7% in September. Sales are up 20.2% in the year to date.

Costco Wholesale Corporation reported net sales of $9.41 billion for the month of July, the four weeks ended July 30, 2017, an increase of 8.8 percent from $8.65 billion during the similar period last year. For the forty-eight weeks ended July 30, 2017, the Company reported net sales of $113.70 billion, an increase of 6.1 percent from $107.16 billion during the similar period last year. Click Read More below for additional detail.