Lee Enterprises Says Business Was Affected By Cyber Attack (mediapost.com)

Adobe announced the latest online inflation data from the Adobe Digital Price Index (DPI), powered by Adobe Analytics. Online prices in July 2023 fell 1.6% year-over-year (YoY), marking the eleventh consecutive month of YoY price decreases, with the majority of categories (11 of 18) tracked by Adobe seeing falling prices on an annual basis. On a month-over-month (MoM) basis, online prices fell 0.9% in July. July’s YoY price decline was driven by notable drops in categories such as appliances, which fell 8% YoY (down 0.3% MoM), as well as furniture/bedding which fell 3.5% YoY (down 0.7% MoM). Steeper YoY declines were observed in electronics, which fell 11.7% YoY (down 0.7% MoM) as well as computers, which fell 15.4% YoY (down 1.5% MoM).

Stein Mart, Inc. announced that it has instituted cost reductions expected to total savings of approximately $10 million (pre-tax) in 2018 including the elimination of approximately 10 percent of its corporate office headcount. These actions are part of the Company's ongoing efforts to control costs and simplify its business processes in this highly competitive retail environment. Most of the other cost reductions are also at the corporate headquarters. Today's announcement is in addition to tight expense controls and other steps the Company has taken this year to strengthen its financial position, including: •Lowering inventories by 15 percent •Reducing capital expenditures by $22 million over the prior year •Suspending the quarterly dividend ($14 million annual savings). Click Read More below for additional information.

Dear Catalog Industry Participant: Word out of Washington this week is encouraging for HR 756, the postal reform bill. According to our colleagues at the Coalition for a 21st Century Postal Service, there is increasing talk of adding postal reform to the Omnibus funding measure for the government next week, or to some other must-pass legislation that can serve as a vehicle. Both House and Senate leaders are reportedly interested, but we only have until next Thursday when the current continuing resolution runs out. So we’re calling on you for some urgent action. Our Ask and Your Ask: Please reach out as quickly as possible to as many Republican members of the House as you may have connections with and urge that postal reform be added to the Omnibus funding measure or some other moving piece of legislation. Your messages should conclude with an ask of your representative(s) to personally take this message to House Majority Leader Kevin McCarthy. Click Read More below for additional information.