Making Mail Even More Sustainable (twosides.info/UK)

I'm excited to report the Senate passed the Postal Service Reform Act tonight, with a strong bipartisan vote of 79-19. The legislation marks the most significant overhaul to the USPS' operations since the Postal Accountability and Enhancement Act (PAEA), signed in 2006. The Postal Service Reform Act now heads to the desk of President Biden, who has previously indicated he will sign it. On behalf of ACMA, I would like to thank our members and others for your continuous advocacy and engagement efforts both in the House and Senate. At this critical juncture in Washington, the legislation would not have passed but for engagement from the industry and stakeholders. We worked diligently with other industry groups to engage you and others in the mailing community and you stepped up. Here are some highlights of the bill: • ends the requirement (from PAEA) that the Postal Service prefund retiree health care expenses and requires postal retirees to enroll in Medicare; • retains six-day delivery for mail and packages; and • requires the Postal Service to develop a service performance dashboard

L Brands, Inc. reported net sales of $853.9 million for the four-week period ended March 3, 2018, compared to net sales of $765.5 million for the four-week period ended Feb. 25, 2017. Comparable sales for the four weeks ended March 3, 2018, increased 3 percent compared to the four weeks ended March 4, 2017. The company has authorized a new $250 million share repurchase program, which includes the remaining $23.1 million outstanding under the previous program.

For the first quarter, net sales increased 18.7 percent versus the same period in fiscal 2021, exceeding pre-pandemic sales levels, and gross merchandise value ("GMV") increased 19.6 percent. During the quarter, Nordstrom banner net sales increased 23.5 percent and GMV increased 24.8 percent. Net sales for Nordstrom Rack increased 10.3 percent and continued to show sequential improvement towards pre-pandemic sales levels.