The companies will work together to develop and execute in-store marketing and media programs for more than 200 independent retailers, starting in the second quarter of 2011. Alliance Marketing and its affiliates represent independent supermarkets in 15 states.
Valassis offers non-manufacturing hourly associates 2-1/2 hours of paid flexible time each week to use for their personal needs and it provides a host of convenient services, including onsite workout facilities, health fairs/flu shots, dry cleaning, postal services and discount tickets, to name a few.
Consumer packaged goods manufacturers offered consumers $485 billion in savings in 2010, a 13.9 percent increase over the prior year. Marketers once again distributed more coupons than the prior year, reaching 332 billion—up 6.8 percent and the largest single-year distribution quantity ever recorded.
The agreement also enables the sharing of digital coupon offer content across each other’s online and mobile networks. Offers will be live on AOL’s Shortcuts.com, on Valassis’ Web properties and across the participating retailer Websites in the RedPlum Digital Network and AOL’s network of Web and mobile sites.
With publicly held companies on the 2010 Printing Impressions 400 reporting sales declines for their most recently completed fiscal years, pay levels for the principal officers at these large firms didn't necessarily follow suit. For most of the executives appearing here, their overall salaries were up significantly.
Valassis and The Great Atlantic & Pacific Tea Company (A&P) have entered into a new partnership that will maximize efficiencies across the A&P family of supermarkets and ultimately create a shopping environment that directly meets consumers' needs.
Quarterly revenues were $572.4 million, an increase of 5.2 percent compared to $544.1 million for the prior year quarter. Third-quarter net earnings were $27.0 million, an increase of 95.7 percent compared to $13.8 million in the prior year quarter. “Our strong results this quarter are consistent with our long-term plan to deliver annual mid-single-digit revenue growth and double-digit EPS growth,” said Alan F. Schultz, Valassis Chairman, President and CEO.
The company announced that it has commenced a cash tender offer to purchase up to $270 million of its outstanding 8-1/4% Senior Notes due 2015.
Commercial printing company and personnel news from Printing Impressions' April 2010 edition.
Commercial printing industry news briefs, including items on Quad/Graphic, Cenveo, Alonzo Printing, Berryville Graphics, Keller-Crescent and more.