USPS Delivery Performance Remains Steady Through Fall Mailing Season

Can you imagine a future without paper? As it turns out, few can. Despite advancing technology and talk of a paperless society, paper still plays a role in our imagined future. Perhaps that’s because paper is one of only a few truly sustainable products — it’s renewable, recyclable and can be managed sustainably. In the United States and Canada, Domtar has been a leader in advancing the circular economy of paper products by recycling and using wood waste to create renewable energy, and by promoting the recyclability of paper-based products and packaging, which will allow us to continue making products sustainably well into the future. Pop culture points to the continued presence of paper in our daily lives for decades to come, with paper-based products seen in unexpected places on screens of all sizes.

First Quarter Fiscal 2022 - Financial Results: *Net sales of $3.5 billion, down 13% compared to last year. *Net sales growth in the first quarter fiscal 2022 was negatively impacted by an estimated 5 percentage points related to lapping the benefit of stimulus last year and approximately 3 percentage points from divestitures, store closures, and the transition of the company’s European business to a partnership model. *Comparable sales were down 14% year-over-year. *Store sales declined 10% compared to last year. The company ended the quarter with 3,414 store locations in over 40 countries, of which 2,825 were company operated. *Gross margin was 31.5%, 930 basis points lower than last year. *Operating loss was $197 million in the quarter; operating margin of negative 5.7%. *Net loss of $162 million

Following the House Antitrust Subcommittee’s capstone digital markets hearing, “Online Platforms and Market Power, Part 6: Examining the Dominance of Amazon, Apple, Facebook, and Google,” three groups representing thousands of authors, publishers, and booksellers in the United States – the Association of American Publishers, Authors Guild, and American Booksellers Association – have sent a joint letter to Subcommittee Chairman David Cicilline (D-R.I.) enumerating a series of anti-competitive tactics that permit Amazon to exercise extraordinary market dominance over the advertising and sale of books in digital markets. Its practices against both book suppliers and book customers have threatened the vitality of the American publishing industry and rendered any meaningful competition from other publishers, booksellers, or emerging platforms impossible. “The Subcommittee’s work has shown that Amazon holds an outsized position of power and control in our country, giving it the ability to interfere with the free flow of information, ideas and literature on a large scale,” the letter tells the Chairman. The full letter can be viewed at: https://publishers.org/wp-content/uploads/2020/08/Joint-Letter-to-Rep-Cicilline-081720.pdf