Scandinavian reseller Wulff reports that the market situation remained difficult in the first half of 2014 with net sales of 37.3 million euros compared to 43.5 million euros during the same period in 2013.
New Zealand's Warehouse Stationery has added a fashionery (fashion stationery) area in its new 64th store in Auckland
Office Depot raised its outlook for the full year despite posting a loss of $190 million in the second quarter. Sales rose to $3.8 billion from $2.4 billion, including sales from OfficeMax, which Office Depot acquired in 2013.
ADVEO net profit after minority interests and discontinued operations increased by 0.8 percent during the first half of the year to reach 6.75 million euros but turnover was below expectations as a result of lower demand.
Newell Rubbermaid has reported strong Q2 results with CEO Michael Polk reporting that "outstanding top line performance in Writing, Tools and Commercial Products drove core sales growth of 4.6 percent.”
China Stationery has reported an estimated loss of 332.73 million yuan (€40 million) following a fire earlier in April.
BIC reports that first half 2014 Stationery net sales decreased 0.3% (excluding the impact of Cello Pens) and were up 6.5% on a comparative basis
Investment company Better Capital says that Spicers and OfficeTeam have entered a transaction under which control of Spicers will be taken over by the fund that owns OfficeTeam.
Sequana, the parent company of paper merchant Antalis, reported a net loss of € 80 million for the first half of 2014, compared to a loss of 36 million a year earlier, but turnover was up 2.7% to € 1,720 million.
Thomas Froehlich has been appointed company director and CEO of filing and organising products manufacturer Arnos Australia Pty Ltd
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