News Feed Item
Hallmark announces 2013 results
Hallmark North America, Crayola and Crown Media contribute to revenue and earnings results
|By PR Newswire
|March 11, 2014 04:02 PM EDT
KANSAS CITY, Mo., March 11, 2014 /PRNewswire/ -- Hallmark Cards, Inc., today announced consolidated revenue of $3.9 billion for the year, a two percent decrease from the previous year. Earnings for the privately-held company improved over the same time period.
Hallmark president and CEO Donald J. Hall, Jr., said 2013 results reflect shifts in how the company is managing all aspects of its business in response to the changing demands of the marketplace.
"Hallmark is made up of a diversified portfolio of businesses that are all strong contributors to the company's financial and brand health," Hall said. "We have two of the world's most trusted brands in Hallmark and Crayola and a branded entertainment network that is reaching a growing number of US households. The balance of our total portfolio, and the opportunities that lie within each of the businesses, gives me confidence in our future."
Revenue in Hallmark North America, which includes greeting cards, gift wrap and gifts, was four percent less than the prior year. In 2013, the North American operating business took many steps to improve efficiencies including plans to streamline the greetings product development process and to integrate many functions of Hallmark Canada into the US business. The company improved its competitiveness by consolidating three domestic manufacturing facilities into two locations, which retained 1,000 jobs in Kansas and increased production volume in the two facilities.
Consumer feedback for Hallmark North America's new retail concept store, HMK, has been positive since the first store opened in Kansas City last October. Plans are in place to open two additional HMK locations this spring. In April, HMK will open in Southlake Town Square, a suburban retail community near the Dallas/Fort Worth area. Denver's Cherry Creek Shopping Center will welcome HMK in June.
Strong back-to-school and holiday results helped Crayola revenues end the year three percent ahead of last year. Crayola's Digital Light Designer was named 2013 Innovative Toy of the Year by the Toy Industry Association. Toys "R" Us included the Melt 'n' Mold Factory on its 2013 Holiday Hot Toy list. In 2013, Crayola elevated its presence in Japan and China and plans to expand into other select international markets in 2014.
Publicly traded Crown Media, in which Hallmark is a majority owner, recently announced revenue for 2013 increased eight percent from 2012.
"Hallmark Channel and Hallmark Movie Channel continue to elevate the relevance of the Hallmark brand to our consumers," Hall said. "In fact, Hallmark Channel was the No. 1 cable network among households and women 25-54 years old for weekend primetime throughout the holiday season. The Countdown to Christmas programming continues to attract new, younger viewers and extend the channel's appeal."
The challenging business environment in the U.K. and Australia resulted in a three percent revenue decline for Hallmark International. To strengthen its position in a highly competitive market, Hallmark UK recently announced plans to transition greeting card and gift wrap manufacturing from Bradford, England, to other printers, including Hallmark's specialty production center in Leavenworth, KS.
"The actions being taken by Hallmark U.K. are just one of the many transformative steps being taken across all of Hallmark's operating businesses," Hall said. "These are important steps toward securing a strong future for our business worldwide."
Revenues for Crown Center, Hallmark's real estate subsidiary, were essentially flat compared to 2012. However the area expects increased visits once Halls on Grand opens later this year.
"Crown Center took another meaningful step as part of its ongoing reinvention when it announced its plan to consolidate two Halls locations into a single new retail experience – Halls on Grand," Hall added. "I believe this will stimulate a revitalized retail experience for the shops and elevate the overall vibrancy of Crown Center."
About Hallmark Cards, Inc.
Hallmark makes the world a more caring place by helping people express what's in their hearts and connect in emotional ways with others. In the U.S., innovative Hallmark greeting cards and gifts are sold through the network of Hallmark Gold Crown® specialty stores, leading mass retailers and online. Worldwide, Hallmark offers products in more than 30 languages available in 100 countries. Millions of households enjoy family friendly television programming offered by cable's top-rated Hallmark Channel and fast-growing Hallmark Movie Channel. Hallmark's Crayola subsidiary inspires artistic creativity in children through Crayola® crayons and markers as well as other innovative art tools, crafting activities and creative toys. Privately held Hallmark is based in Kansas City, MO., and continues to be led by members of the founding Hall family. Visit http://corporate.hallmark.com for more details.
SOURCE Hallmark Cards, Inc.
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Aug. 25, 2016 06:30 PM EDT Reads: 1,910
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts?
As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Aug. 25, 2016 05:15 PM EDT Reads: 621
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 25, 2016 04:15 PM EDT Reads: 405
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes.
In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 25, 2016 03:30 PM EDT Reads: 1,486
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 25, 2016 03:15 PM EDT Reads: 2,208
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
All major researchers estimate there will be tens of billions devices - comp...
Aug. 25, 2016 02:00 PM EDT Reads: 3,545
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved.
In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 25, 2016 01:45 PM EDT Reads: 1,364
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aug. 25, 2016 01:00 PM EDT Reads: 2,595
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 25, 2016 01:00 PM EDT Reads: 3,891
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing.
In his session at 19th Cloud Expo, Raghav...
Aug. 25, 2016 12:45 PM EDT Reads: 584
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open.
Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 25, 2016 12:15 PM EDT Reads: 3,387
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time.
In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 25, 2016 11:00 AM EDT Reads: 548
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products.
Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Aug. 25, 2016 11:00 AM EDT Reads: 1,829
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH.
Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 25, 2016 10:30 AM EDT Reads: 492
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 25, 2016 09:15 AM EDT Reads: 610