Macy’s, Inc. Reports Third Quarter 2024 Results

Savvas Learning Company, a K-12 next-generation learning solutions leader, is proud to announce that its Savvas Realize learning management system (LMS) has won the 2023 EdTech Breakthrough Award for “LMS Innovation of the Year.” Savvas Realize, a dynamic and flexible LMS for teaching and learning, was recognized as a “truly breakthrough educational technology solution built for today’s modern education challenges.” Winners of this year’s EdTech Breakthrough Awards, which showcase technologies and companies that drive innovation and exemplify the best in edtech solutions, were selected from more than 2,400 nominations based on innovation, design, user experience, and overall technological advancement. This is the second year in a row that the Savvas Realize LMS has received an EdTech Breakthrough Award. “We would like to thank the EdTech Breakthrough Awards for honoring Savvas Realize as an innovative learning management system,” said Bethlam Forsa, CEO of Savvas Learning Company. “Built to meet all of a district’s K-12 curriculum and administrative needs, our robust platform supports educators with the most advanced tools, engaging content, and instructional resources to help move learning forward for all students.”

The lack of a breakout print hit did not prevent unit sales in the first half of 2017 from being 3% higher than in the first six months of last year, at outlets that report to NPD BookScan (which captures 80%–85% of print unit sales). Units for the January–June period in 2017 were 310.7 million, up from 302.8 million a year ago. Just as it was in the first six months of 2016, the backlist favorite Oh, the Places You’ll Go! by Dr. Seuss was the most popular title in the first half of this year, selling more than 482,000 copies (up from 458,000 copies in January–June 2016). All four of the major segments did better this year than in the first six months of 2016. Juvenile fiction had the best performance, with unit sales up 5%. In addition to higher sales of Oh, the Places You’ll Go!, the segment benefitted from strong sales of two editions of Thirteen Reasons Why by Jay Asher, which together sold approximately 500,000 print copies. The animal category had the biggest gain among juvenile fiction segments, with sales up 21%. Click Read More below for additional detail.

Details on the Company’s Chapter 11 process and go-forward strategy are as follows: The Company expects to close a significant portion, if not all, of its brick-and-mortar stores and, in connection therewith, the Company has launched a store closing and liquidation process. The Company, however, will continue to operate its business in the ordinary course in the near term; and The Company is evaluating any and all strategic alternatives, including the potential sale of its eCommerce business and related intellectual property.