Postal Service Starts Summer With Strong Service Performance Across All Mail Categories

Total reported sales for the third quarter of 2017 were $2.6 billion compared to $2.8 billion in the third quarter of 2016, a decrease of 8%. Third quarter sales include the negative impact on both the Retail and Business Solutions Divisions from hurricanes Harvey, Irma and Maria, which disrupted operations in Puerto Rico and the southeastern United States where a heavy concentration of customers are located. In the third quarter of 2017, Office Depot reported operating income of $108 million, net income from continuing operations of $98 million, or $0.19 per diluted share and total company net income of $92 million, or $0.17 per diluted share. Both net income from continuing operations and total company net income include a net tax credit of approximately $37 million associated with the reduction of the U.S. tax valuation allowance. Click Read More below for additional information.

Bloomsbury Publishing Plc announces that it has completed the purchase of the members’ interests of ABC-CLIO LLC. The consideration is $22.9 million (£17.3 million), of which $22.3 million (£16.8 million) has been satisfied in cash on completion and up to $0.6 million (£0.5 million) will be satisfied in cash post completion. ABC-CLIO is an established academic publisher of reference, nonfiction, online curriculum and professional development materials in both print and digital formats for schools, academic libraries and public libraries, primarily in the USA. Founded in 1955, ABC-CLIO is based in Santa Barbara, California. ABC-CLIO has four imprints and 32 databases that provide curriculum-aligned content and lesson plans, professional development support and student activities to US schools and academic institutions. It has more than 23,000 titles in its portfolio.

The United States Postal Service reported new delivery performance metrics showing the average time to deliver a mailpiece across the postal network remained stable at 2.7 days between the period Jan. 1 and Jan 21. The Postal Service continues to implement mitigation plans due to recent winter storms to move mail and packages effectively with First-Class Mail performance showing steady signs of improvement over the second week of January. Additional second quarter service performance scores covering Jan.1 through Jan. 21 included: *First-Class Mail: 86.9 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 2.2 percentage points from the fiscal first quarter. *Marketing Mail: 91.7 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of 1 percentage point from the fiscal first quarter. *Periodicals: 80.6 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter.