Meredith To Launch ‘Reasons For Hope In America’ Campaign (mediapost.com)

Total consolidated revenues increased 9.0 percent to $309.4 million, compared with total consolidated revenues of $283.8 million in the prior year period, reflecting strong ecommerce growth of 10.3 percent including contributions from PersonalizationMall, which the Company acquired on August 3, 2020. Excluding the non-comparable five weeks of contribution from PersonalizationMall in the quarter, total net revenues increased 4.3 percent, compared with the prior year period. Gross profit margin for the quarter was 40.6 percent, a decline of 10 basis points compared with 40.7 percent in the prior year period. Operating expenses as a percent of total revenues, increased 170 basis points to 47.1 percent. Net loss for the quarter was $13.2 million, or ($0.20) per share.

Amazon.com, Inc. announced plans to open a fulfillment center in Mt. Juliet, Tennessee. The site, which is anticipated to launch in late 2021, will create more than 1,000 new, full-time jobs with benefits and opportunities to engage with advanced robotics. The company currently has fulfillment and sortation centers in Charleston, Chattanooga, Lebanon, Murfreesboro, Memphis and Nashville. “Tennessee is a great state for business and gives us the opportunity to better serve our customers in the region,” said Alicia Boler Davis, Amazon’s vice president of global customer fulfillment. “We are excited about our growth and remain committed to creating a positive economic impact in the region with job opportunities with great pay and industry-leading benefits.”

The Association of American Publishers (AAP) today released its StatShot report for April 2022 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. The report does not include Pre-K revenue due to delays in data collection but will be updated as soon as that data becomes available. Total revenues across all categories, excluding PreK-12, for April 2022 were down 12.6% as compared to April 2021, coming in at $788.3 million. Year-to-date revenues were down 2.3%, at $3.8 billion for the first four months of the year. Trade (Consumer Books) sales were down 8.9% in April, coming in at $685.7 million. eBook revenues were down 8.3% for the month as compared to April 2021 for a total of $84.3 million.