L Brands Authorizes $250 Million Repurchase Program

RH reported first-quarter sales and earnings that beat expectations and raised its full-year forecast, expressing confidence that its strong performance will continue through the rest of the year and in 2022 and beyond. The luxury home furnishings company (formerly known as Restoration Hardware) cited a number of factors for its positive outlook, including a strong housing and renovation market (both with pent up demand and a long tail), a record stock market, low interest rates and the reopening of several large parts of the economy. It will also launch the largest new product introduction cycle in its history, beginning this fall. “Additionally, the un-masking of the general public could lead to a Roaring Twenties type of consumer exuberance,” CEO Gary Friedman wrote in his quarterly letter to shareholders.

MIDLAND has just launched a new and innovative Specialty Media catalog for offset, digital and inkjet sheet fed printers. The all-inclusive catalog merges major sheet fed print technologies into one unique publication. Offset, HP Indigo, Dry Toner and Inkjet substrates are all featured within one book. “The Specialty Media catalog is a one-stop shop product guide that gives our customers the opportunity to find the correct printable substrate without having to thumb through multiple catalogs,” comments David Field, General Manager of Midland’s Specialty Paper & Film Division. The new product guide features synthetic papers, rigid media, window and walls films, pressure sensitive papers, integrated substrates, magnetic media and specialty paper products. “These are all products that are of high value to our customers and their end users and are application driven” added Field. The catalog is segmented into the following categories: • Non-Adhesive Synthetic • Adhesive Synthetic • Adhesive Paper • Specialty Substrates. “Our customers are going to be blown away by this updated version of the Specialty Media Catalog”, said Mike Ratcliff, President of Midland’s Specialty Paper & Film Division. “This is more than just another catalog. It is a tool for our customers to use for their customers for all of their high value print projects – it gives them a window into what’s possible”.

Last week we issued an urgent appeal to help fund a suit we hope to file against the state of Massachusetts and its outrageous “cookie nexus” regulation. The full appeal is below, but in a nutshell, we can only file this action with your help. Some have already stepped up with pledges and we thank you for that. To all others, we need your help. This will become a national standard if not opposed. If you are with a high profile company, review our appeal below. Then please let us know we can count on you by clicking on the auto-reply email below. Also this week, the Boston Herald ran an article on the topic in case you missed it... Help Thwart Massachusetts’s Cookie Nexus Law Industry Must Fund Legal Challenge Or Face Consequences Dear Catalog & E-commerce Industry Members: Place a cookie or provide an app that is downloaded by a Massachusetts resident and you have just created a physical presence in the state, according to a new regulation being promulgated. The State Department of Revenue introduced this approach once before, only to have it struck down in court following an ACMA/NetChoice lawsuit. But after correcting the defects pointed out by us, MA is back with a new approach that flies in the face of both the Quill presence and the Internet Tax Freedom Act. This dangerous expansion of state powers will be quickly replicated elsewhere if uncontested. Recall how quickly the click-thru nexus laws expanded? New York promoted this new approach unopposed, which then spread to 20 other states almost overnight. Click Read More below for additional detail.