The Psychology of Print in a Digital Heavy World (freeportpress.com)

Revenues from continuing operations for the quarter were $5.4 billion compared to revenues from continuing operations of $5.9 billion in the prior year's fourth quarter, a decrease of $509.1 million or 8.6 percent. Same store sales from Retail Pharmacy continuing operations for the quarter decreased 1.7 percent over the prior year, consisting of a 2.3 percent decrease in pharmacy sales and a 0.6 percent decrease in front-end sales. Net loss from continuing operations was $483.7 million or $0.46 per diluted share compared to last year's fourth quarter net loss from continuing operations of $25.1 million or $0.02 per diluted share. The decline in operating results was due primarily to $325 million of income tax expense relating to the revaluation of the company's deferred tax assets as a result of the 2017 Tax Act and a charge of $191 million, net of tax, for the impairment of goodwill related to our Pharmacy Services Segment. Click Read More below for additional information.

The Book Manufacturers’ Institute (BMI) is bringing back its industry event Book Manufacturing Mastered. The 2022 version will be held Thursday September 15th at the Westin Chicago North Shore. The first event was held February 10–11, 2020 in New York City just prior to the pandemic. Book Manufacturing Mastered 2022 will feature a morning “Paper School” that will cover all things paper. As it is one of the, if not THE, top challenges facing the industry today, attendees will learn how it’s made to its different properties, to the impact it has on the environment. After a networking lunch, the afternoon panel featuring both publishers and manufacturers will give everyone a lay of the land as it stands today. Then attendees will have the chance for roundtable discussions with publishers, printers and suppliers about the top challenges facing the industry today and how they can be addressed. Lastly, the day will end with a networking cocktail reception that will feature tabletop exhibits from printers and suppliers to allow publishers in attendance to speak directly with those that help bring their ideas to print.

Huhtamaki North America announces its sponsorship of a sports stadium. In a recently announced five-year deal, Huhtamaki will be the official “sustainable packaging provider” at Children’s Mercy Park stadium, home of the US Major League Soccer (MLS) team, Sporting Kansas City. Together, both companies will further reduce stadium’s environmental footprint. The company’s sports partnership in North America features naming rights to the Huhtamaki Shield Club at Children’s Mercy Park in Kansas City and community impact initiatives for the region through support of Sporting Sustainability and The Victory Project. Together with Sporting Kansas City, Huhtamaki is committed to reducing the stadium’s environmental footprint with the goal of zero waste by 2027. “We couldn’t be more excited to partner with Huhtamaki, a global packaging leader with a longstanding reputation of excellence in sustainable food packaging. Together we will achieve a more sustainable future,” said Sporting Kansas City Vice President of Corporate Partnerships Jon Moses.