Penguin Random House Acquires Hay House (publishersweekly.com)

U.S. retailers’ nonstore sales reached $55.829 billion in May on a seasonally adjusted basis, a 9.1% increase compared with $51.155 billion in the same month of 2017, new monthly data from the U.S. Commerce Department shows. That’s a slower increase than in April, when nonstore sales grew 10.5% on an adjusted basis year over year. Nonstore sales mainly take place online but also include other channels, such as mail and telephone orders, door-to-door sales and sales through vending machines. Click Read More below for additional information.

•Net sales increased 15% for the quarter and 5% for the year, including the additional week •Comparable sales increased 9% for the quarter and 3% for the year, with Hollister up 11% and Abercrombie up 5% for the quarter •Operating income more than doubled to $140.3 million for the quarter and increased to $72.1 million for the year. Click Read More below for additional information.

Fourth Quarter 2020 Summary: *GAAP Results: Revenue of $475 million (-3%) and EPS of -$2.83, primarily due to impact of unusual items totalling -$3.49 per share, including non-cash goodwill and trade name impairments *Strong momentum in Open Access research publishing and digital courseware *Addition of four new university partners in Education Services (Drake University, University of Iowa, Methodist University, and Point University). Fiscal Year 2020 Symmary: *GAAP results: Revenue of $1,831 million, and EPS of -$1.32 primarily due to fourth quarter non-cash goodwill and trade name impairments *Free Cash Flow of $173 million, up $24 million (+16%) from prior year *Digital products and tech-enabled services rose to nearly 80% of total revenue.