Courier, Express, and Postal Observer: In a a filing with the SEC this week Harte-Hanks, provided an indication that the slowdown in Standard Mail volume and revenue that the Postal Service has recently has hit a major provider of direct mail services particularly hard. The filing included three significant announcements. First, Harte-Hanks lowered its earnings guidance. Second, it announced that smply that declines in direct mail marketing has hit its business hard. Harte Hanks announced that Gary Skidmore, Executive Vice President and President, Direct Marketing would be leaving the firm. Third, Harte-Hanks announce that it will write off all or nearly all of the goodwill associated with its shoppers business that is on its books. Read more!
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