USPS Tests New Local Delivery Service in Texas (multichannelmerchant.com)

SECOND QUARTER 2022 SUMMARY *Total Company net sales increased 12.0 percent and GMV increased 12.2 percent compared with the same period in fiscal 2021. *Gross profit, as a percentage of net sales, of 35.2 percent increased 65 basis points compared with the same period in fiscal 2021 primarily due to leverage on buying and occupancy costs, partially offset by higher markdown rates. *Ending inventory increased 9.9 percent compared with the same period in fiscal 2021, versus a 12.0 percent increase in sales. *Selling, general and administrative expenses, as a percentage of net sales, of 32.8 percent decreased 15 basis points compared with the same period in fiscal 2021 primarily due to leverage on higher sales, partially offset by higher labor expense. *Earnings before interest and tax ("EBIT") was $202 million in the second quarter of 2022, compared with $151 million during the same period in fiscal 2021, primarily due to higher sales, partially offset by higher markdowns and higher labor expense.

New York lawmakers should wait until next year before taking up a broad privacy bill that would require companies to obtain consumers' opt-in consent before processing their data for ad targeting, the Association of National Advertisers urged Wednesday. "The bill was introduced in the New York Senate just two weeks ago,” Dan Jaffe, ANA executive vice president for government relations, and Christopher Oswald, ANA senior vice president for government relations, wrote Wednesday to state lawmakers. “As a result, it has not received the benefit of careful and rigorous consideration by lawmakers, which is necessary to develop a workable privacy law that will significantly impact New York businesses and consumers alike.” The proposed New York Privacy Act (SB 6701), introduced by state Senator Kevin Thomas, would also give consumers the right to access, correct and delete data about themselves.

Savvas Learning Company, a K-12 next-generation learning solutions leader, is proud to announce that its Savvas Essentials: Foundational Reading has earned a 2023 Readers' Choice Award presented by SmartBrief on EdTech. The new Savvas K-2 supplemental program, which supports the development of foundational skills that are so critical to the success of young readers, was recognized in the “Reading & Literacy” category. The SmartBrief Readers' Choice Awards celebrate the companies and products making a lasting impact on the education industry. Winners in the award program’s 11 categories are selected by those in the education community who vote for the innovative edtech tools and solutions they rely on most.