NRF launches sustainability center

Comparisons refer to the 13-week period ended April 29, 2023 versus the 13-week period ended April 30, 2022: *Net sales decreased 3.3% year-over-year, to $3.4 billion, with comparable sales down 4.3%. *Gross margin as a percentage of net sales was 39.0%, an increase of 67 basis points. *Selling, general & administrative (SG&A) expenses decreased 4.2% year-over-year, to $1.2 billion. As a percentage of total revenue, SG&A expenses were 34.7%, a decrease of 13 basis points year-over-year. *Operating income was $98 million compared to $82 million in the prior year. As a percentage of total revenue, operating income was 2.8%, an increase of 55 basis points year-over-year. *Net income was $14 million, or $0.13 per share. This compares to net income of $14 million, or $0.11 per share in the prior year. *Inventory was $3.5 billion, a decrease of 6% year-over-year. *Operating cash flow was a use of ($202) million.

Driven by strong backlist sales, unit sales of print books rose 26% last week over the week ended February 29, 2020, at outlets that report to NPD BookScan. It was the largest week-over-week gain compared to 2020 so far this year, helping unit sales finish the first two months of 2021 with a 21.2% increase over the first two months of 2020. Last week’s 26% increase was accomplished without the release of a major new hit. The top-selling new book last week was Believe It by Jamie Kern Lima, which sold 29,000 copies, landing it in third place on the overall bestseller list. The top title last week was Charlie Mackesy’s The Boy, the Mole, the Fox, and the Horse, published in October 2019, which had a huge sales spike in the week, selling nearly 97,000 copies.

On October 6, 7, and 8, 2017, The New Yorker will present its eighteenth festival, an annual celebration that brings the breadth and the spirit of the magazine to life across New York City. Over three days, New Yorker writers and editors will sit down with the world’s leading writers, artists, filmmakers, actors, comedians, politicians, activists, and athletes. The foremost cultural event of the fall will also feature live performances, film previews, and excursions throughout New York City.