Office Products

The ODP Corporation Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Supply Chain Management, Online Retail, Retail, Other Retail, Specialty, Office Products, The ODP Corporation, Total, Share repurchase, ODP, Nationwide, Personal protective equipment, Tech, Small business, Smith, Growth, FILO, GAAP, Capital expenditure, PPE, OfficeMax, Capital, E-commerce, Depreciation, Video game

Operating results in the fourth quarter of 2023 included $74 million of charges, primarily related to a $68 million non-cash impairment of goodwill in its Varis business unit.

Key Points: 
  • Operating results in the fourth quarter of 2023 included $74 million of charges, primarily related to a $68 million non-cash impairment of goodwill in its Varis business unit.
  • Adjusted results for the fourth quarter of 2023 exclude charges and credits totaling $74 million as described above and the associated tax impacts.
  • Fourth quarter of 2023 adjusted EBITDA was $73 million compared to $89 million in the prior year period.
  • Adjusted Free Cash Flow(3) was $43 million in the fourth quarter of 2023, compared to $147 million in the prior year period.

Barry Clark Joins Appriss Retail As SVP of Corporate Strategy

Retrieved on: 
Tuesday, February 27, 2024
Bridal, Technology, Department Stores, Professional Services, Home Goods, Data Analytics, Other Retail, Supermarket, Specialty, Cosmetics, Retail, Data Management, Supply Chain Management, Convenience Store, Office Products, Online Retail, Catalog, SVP, Marketing, Art Technology Group, Growth, Partnership, Management

Appriss Retail , a leading provider of data and analytics solutions designed to reduce retail losses, decrease returns, and provide a more seamless consumer experience, today announced that Barry Clark has joined the company as the senior vice president of corporate strategy.

Key Points: 
  • Appriss Retail , a leading provider of data and analytics solutions designed to reduce retail losses, decrease returns, and provide a more seamless consumer experience, today announced that Barry Clark has joined the company as the senior vice president of corporate strategy.
  • In this role, Clark will strengthen Appriss Retail’s ability to create bottom-line impacts for current and future customers by implementing strategic investments and partnerships.
  • “With Barry at the helm of our partnership program, Appriss Retail can deliver the utmost value to our customers, both current and future, as well as advance our long-term corporate strategy.”
    Prior to joining Appriss Retail, Clark was the SVP of business development for RELEX Solutions.
  • “Appriss Retail has demonstrated tremendous value to its customers for the past 25 years,” said Clark.

The Container Store to Open First Gaithersburg, Maryland Location

Retrieved on: 
Tuesday, February 27, 2024
Office Products, Home Goods, Other Retail, Retail, Department Stores, Container, Organizing, DIY, Life, Travel, The Container Store, Interior design

This will be The Container Store’s fourth store opening in fiscal 2023 ending March 31, 2024, and third location in Maryland.

Key Points: 
  • This will be The Container Store’s fourth store opening in fiscal 2023 ending March 31, 2024, and third location in Maryland.
  • The newest addition to The Container Store fleet is the seventh small-store format nationwide and the first of its size in Maryland.
  • From metal DIY to professionally installed wood-based systems, The Container Store has a custom offering for every space, style and budget.
  • The Container Store plans to open one more location before the end of its fiscal year later this month in Huntington, NY.

PPG to review strategic alternatives for architectural coatings business in the U.S. and Canada

Retrieved on: 
Monday, February 26, 2024
Retail, Chemicals, Plastics, Other Retail, Home Goods, Manufacturing, Other Manufacturing, Office Products, Adhesive, Internet, Growth, Disclosure, Local, Creativity, Goldman Sachs, Management

PPG (NYSE: PPG), a global leader in paints, coatings, and specialty materials, today announced that it has engaged Goldman Sachs & Co. LLC as financial advisor to assist in a review of strategic alternatives for its architectural coatings business in the U.S. and Canada.

Key Points: 
  • PPG (NYSE: PPG), a global leader in paints, coatings, and specialty materials, today announced that it has engaged Goldman Sachs & Co. LLC as financial advisor to assist in a review of strategic alternatives for its architectural coatings business in the U.S. and Canada.
  • In 2023, the architectural coatings business in the U.S. and Canada represented approximately 10% of PPG’s total net sales.
  • We have made considerable progress over the past several years in modernizing the architectural coatings business model to better position the business for continued success.
  • “In January, we announced a strategic review of alternatives for our silica products business and are now also conducting a review of our architectural coatings U.S. and Canada business.

State of the Global Video Conferencing Devices Market Forecast to 2028: Opportunities in AI as a Growth Engine, Meeting Equality, and BYOD Enablement - ResearchAndMarkets.com

Retrieved on: 
Friday, February 23, 2024
Retail, Technology, Audio, Video, Telecommunications, Office Products, Hardware, Global Video, Growth, Market, Automation, Pressure, Video game

The "State of the Global Video Conferencing Devices Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "State of the Global Video Conferencing Devices Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
  • The $3.28 billion global video conferencing devices market is undergoing fundamental shifts due to massive work and workplace transformation.
  • In 2023, most customers took a measured approach to video-enabling meeting rooms, focusing first on bringing employees back to the office.
  • Despite challenging market conditions, the value of video communications has become deeply entrenched across all industries, creating an upward market trajectory.

Newell Brands Announces Board Refreshment

Retrieved on: 
Thursday, February 22, 2024
Office Products, Home Goods, Other Retail, Retail, Specialty, Newell Brands, Courtney, Chairperson, Armani, Apple Inc., NWL, Ralph Lauren Corporation, Management

Newell Brands (NASDAQ: NWL) today announced changes to its Board of Directors as part of the Board’s continued commitment to refreshment.

Key Points: 
  • Newell Brands (NASDAQ: NWL) today announced changes to its Board of Directors as part of the Board’s continued commitment to refreshment.
  • Ms. Ryan Berman has served on Newell Brands’ Board since April 2018 and has been the Chair of the Nominating/Governance Committee since March 2022.
  • "I have enjoyed my tenure on Newell Brands’ Board over the past six years and am pleased with the successful CEO transition in 2023.
  • We are very pleased to welcome Jim and Tony to the Newell Brands Board.

Vestis Announces Completion of Refinancing Transaction

Retrieved on: 
Thursday, February 22, 2024
Fashion, Retail, Other Retail, Manufacturing, Textiles, Office Products, VSTS, Security (finance), Term loan, Wells Fargo

Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced the successful refinancing of its $800 million 2-year Term Loan A-1 with an $800 million 7-year Term Loan B.

Key Points: 
  • Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced the successful refinancing of its $800 million 2-year Term Loan A-1 with an $800 million 7-year Term Loan B.
  • The transaction is net leverage neutral and extends the debt maturity by more than five years to 2031.
  • “We are pleased to announce a successful refinancing, with a Term Loan B structure that reflects our commitment to de-leveraging.
  • The refinancing transaction was led by Wells Fargo Securities, LLC.

Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

Retrieved on: 
Thursday, February 22, 2024
Consumer Electronics, Retail, Technology, Software, Specialty, Office Products, Hardware, XRX, Holding company

Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock.

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock.
  • The dividend is payable on April 30, 2024, to shareholders of record on March 29, 2024.
  • The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock.
  • The dividend is payable on April 1, 2024, to shareholders of record on March 15, 2024.

Fast & Compact Toshiba Printers Tackle Industrial-Level Labeling

Retrieved on: 
Wednesday, February 21, 2024
Consumer Electronics, Retail, Technology, Other Technology, Mobile, Wireless, Office Products, Hardware, Marketing, LCD, Wi-Fi, Workplace, AC, Multimedia, Architecture, RFID, 3D printing

Toshiba America Business Solutions today introduces its intelligently designed and dependable thermal transfer printers.

Key Points: 
  • Toshiba America Business Solutions today introduces its intelligently designed and dependable thermal transfer printers.
  • View the full release here: https://www.businesswire.com/news/home/20240221910308/en/
    Toshiba America Business Solutions today introduces its intelligently designed and dependable thermal transfer printers.
  • Capable of producing approximately 1,000 labels a day, Toshiba's BV400 4-inch desktop printers deliver a dependable solution for myriad industrial labeling and receipt needs.
  • For more information about Toshiba products, or to locate an authorized Toshiba dealer in your area, please visit business.toshiba.com.

Appriss Retail Expands Global Presence by Adding Australian Retailer Officeworks to Its Customer Portfolio

Retrieved on: 
Wednesday, February 21, 2024
Retail, Security, Office Products, Data Management, Technology, Online Retail, Discount, Variety, Other Retail, Electronic Commerce, Department Stores, Artificial Intelligence, Other Technology, Specialty, Delivery Services, Payments, Software, Research, Fraud, Sale, Crime statistics, Region, Theft, Partnership, Online shopping

To address this challenge, Officeworks selected Appriss Retail for its globally recognized ability to protect online and in-store transactions from theft, fraud, organized retail crime, claims and appeasements, and more.

Key Points: 
  • To address this challenge, Officeworks selected Appriss Retail for its globally recognized ability to protect online and in-store transactions from theft, fraud, organized retail crime, claims and appeasements, and more.
  • “Shrink is an ongoing challenge for the retail community and oftentimes the root of the problem is convoluted,” said Michael Osborne, CEO, Appriss Retail.
  • To learn more about how Appriss Retail can help retailers worldwide protect the transaction, in-store and online, visit www.apprissretail.com .
  • Retailers attending Retail Risk Sydney on Feb. 29 can book a meeting with Appriss Retail to discuss partnership opportunities.