Gap Inc. Plans to Sell Intermix

FY2023 first quarter service performance scores covering Oct. 1 through Nov. 18 included: *First-Class Mail: 92.2 percent of First-Class Mail delivered on time against the USPS service standard, a slight decrease of 0.9 percentage points from the fiscal fourth quarter. *Marketing Mail: 94.1 percent of Marketing Mail delivered on time against the USPS service standard, a slight decrease of 0.6 percentage points from the fiscal fourth quarter. *Periodicals: 86.6 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal fourth quarter.

How savvy are you about the worldwide publishing industry? This infographic, “A Guide to Global Reading Habits” by Global English Editing lays out the facts. In recent years, e-readers and electronic books have become a major force in publishing. How major? By 2018, e-books are projected to account for over 25% of all book sales, up from 12% of book sales in 2013. The infographic also includes a complete list of time spent reading around the globe and other worldwide reading facts. Compare this to the number of hours you read each week. Do you think you read more or less than your friends and neighbors? If the answer is six hours or more, you spend more time reading than the average adult in the United States, Canada, or the United Kingdom. You’d have to read almost eleven hours each week to beat the country with the most hours read each week, however. On average, adults in India read 10.7 hours each week! Click Read More below for additional detail.

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.