Gap Inc. And Gap Foundation Increase Support For Relief Efforts Following Recent Natural Disasters

With its trade segment posting a strong first half of the year and its education group turning in a solid second half, Scholastic reported a 4% increase in revenue in the fiscal year ended May 31, over fiscal 2016. Operating income, excluding one-time items, rose 17%. Revenue in the year was $1.74 billion, while operating income rose to $109.1 million, up from $93.4 million in fiscal 2016. Net income increased 29.1% to $52.3 million.

The supply of "real" green power in the U.S. is very limited. Nevertheless, the distribution center in Pleasant Prairie, Wisconsin, now obtains green power from wind and solar energy. By the end of the year, Arvato Supply Chain Solutions plans to have all its distribution centers worldwide running on green power. Arvato Supply Chain Solutions has switched 100 percent of the energy supply to its distribution center in Pleasant Prairie, Wisconsin/USA, to green electricity from wind and solar power. This saves an average of around 1,500 metric tons of CO2 per year at the location. The consistent use of renewable energies is an important part of the supply chain and e-commerce service provider’s sustainability strategy and is to be implemented at all locations in the global network by the end of 2022.

Active Interest Media has been acquired by B&W Communications. Financial terms were not disclosed. B&W (Betterment & Wonderment Communications LLC) was launched by Andrew Clurman, the CEO-cofounder of AIM, to acquire enthusiast media brands. The previous owner was Wind Point Partners, a private-equity group from Chicago. AIM's enthusiast titles in the shelter, hobby and boating categories include Anglers Journal, Yachts International, Sail, Power & Motoryacht, Yachts International, Soundings, Horticulture, Popular Woodworking and Writers Digest, among others.