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Redfin Reports Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record

Redfin Reports Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record

Home sellers and buyers are retreating at similar rates, resulting in a housing market that remains very competitive even as it slows

SEATTLE–(BUSINESS WIRE)–
(NASDAQ: RDFN) — The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That’s according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Redfin’s data on homebuyer mortgage payments is based on asking-price data going back to 2015.

“Rising mortgage rates are taking a bite out of pending sales as both buyers and sellers take a step back from the turbulent market,” said Redfin Chief Economist Daryl Fairweather. “It seems as though the ratio of buyers to sellers remains mostly the same, which is why we have yet to see a substantial drop in bidding wars or the share of homes selling quickly. It’s still early days though when it comes to 5% mortgage rates. The number of buyers willing to pay such high mortgage payments could evaporate by late summer.”

Pending home sales posted their largest year-over-year decrease since mid-February and mortgage purchase applications fell 17%. On the supply side, new listings fell 4% and the share of listings with price drops rose to its highest level since November.

Leading indicators of homebuying activity:

  • Fewer people searched for “homes for sale” on Google. Searches during the week ending April 23 were down 6% from a year earlier.
  • The seasonally-adjusted Redfin Homebuyer Demand Index was flat year over year during the week ending April 24. It dropped 8% in the past four weeks, compared with a 3% decrease during the same period a year earlier.
  • Touring activity from the first week of January through April 24 was 19 percentage points behind the same period in 2021, according to home tour technology company ShowingTime.
  • Mortgage purchase applications were down 17% from a year earlier, while the seasonally-adjusted index decreased 8% week over week during the week ending April 22.
  • For the week ending April 28, 30-year mortgage rates hovered at 5.1%. This was down just slightly from 5.11% the prior week—the highest level since April 2010.

Key housing market takeaways for 400+ U.S. metro areas:

Unless otherwise noted, this data covers the four-week period ending April 24. Redfin’s weekly housing market data goes back through 2015.

  • The median home sale price was up 17% year over year—the biggest increase since August—to a record $395,600.
  • The median asking price of newly listed homes increased 16% year over year to $404,950, a new all-time high.
  • The monthly mortgage payment on the median asking price home rose to a record high of $2,349 at the current 5.1% mortgage rate. This was up 39% from $1,685 a year earlier, when mortgage rates were 2.98%.
  • Pending home sales were down 3% year over year, the largest decrease since mid-February.
  • New listings of homes for sale were down 4% from a year earlier, and have turned in annual declines since mid-March.
  • Active listings (the number of homes listed for sale at any point during the period) fell 19% year over year.
  • 57% of homes that went under contract had an accepted offer within the first two weeks on the market, up from 54% a year earlier, down less than a percentage point from the record high during the four-week period ending April 3.
  • 43% of homes that went under contract had an accepted offer within one week of hitting the market, up from 41% a year earlier, down less than a percentage point from the record high during the four-week period ending April 17.
  • Homes that sold were on the market for a record low median of 16 days, down from 22 days a year earlier.
  • A record 55% of homes sold above list price, up from 45% a year earlier.
  • On average, 3.5% of homes for sale each week had a price drop. Overall, 14% dropped their price in the past four weeks, up from 11% a month earlier and 9% a year ago. This was the highest share since the end of November.
  • The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, rose to an all-time high of 102.7%. In other words, the average home sold for 2.7% above its asking price. This was up from 101% a year earlier.

To read the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-monthly-mortgage-up-39pct/

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country’s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

Redfin Journalist Services:

Erin Osgood, 206-588-6863

[email protected]

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Residential Building & Real Estate Commercial Building & Real Estate Urban Planning Construction & Property

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Activision Blizzard Stockholders Approve Proposed Microsoft Transaction

Activision Blizzard Stockholders Approve Proposed Microsoft Transaction

SANTA MONICA, Calif.–(BUSINESS WIRE)–
Activision Blizzard, Inc. (NASDAQ: ATVI) announced that its stockholders approved Microsoft Corporation’s (Nasdaq: MSFT) proposal to acquire Activision Blizzard at the Activision Blizzard Special Meeting of Stockholders held earlier today. More than 98% of the shares voted at the Special Meeting were voted in favor of the proposed transaction with Microsoft.

On January 18, 2022, Microsoft announced plans to acquire Activision Blizzard for $95.00 per share in an all-cash transaction. Subject to customary closing conditions and the completion of regulatory review, the proposed transaction is expected to close in Microsoft’s fiscal year ending June 30, 2023.

“Today’s overwhelmingly supportive vote by our stockholders confirms our shared belief that, combined with Microsoft, we will be even better positioned to create great value for our players, even greater opportunities for our employees, and to continue our focus on becoming an inspiring example of a welcoming, respectful, and inclusive workplace,” said Bobby Kotick, CEO, Activision Blizzard.

The complete results of the Special Meeting will be reported in a Form 8-K to be filed with the U.S. Securities and Exchange Commission by early next week, after certification by Activision Blizzard’s Inspector of Election.

About Activision Blizzard

Our mission, to connect and engage the world through epic entertainment, has never been more important. Through communities rooted in our video game franchises we enable hundreds of millions of people to experience joy, thrill and achievement. We enable social connections through the lens of fun, and we foster purpose and a sense of accomplishment through healthy competition. Like sport, but with greater accessibility, our players can find purpose and meaning through competitive gaming. Video games, unlike any other social or entertainment media, have the ability to break down the barriers that can inhibit tolerance and understanding. Celebrating differences is at the core of our culture and ensures we can create games for players of diverse backgrounds in the 190 countries our games are played.

As a member of the Fortune 500 and as a component company of the S&P 500, we have an extraordinary track record of delivering superior shareholder returns for over 30 years.

Our enduring franchises are some of the world’s most popular, including Call of Duty®, Crash Bandicoot™, Warcraft®, Overwatch®, Diablo®, StarCraft®, Candy Crush™, Bubble Witch™, Pet Rescue™ and Farm Heroes™. Our sustained success has enabled the company to support corporate social responsibility initiatives that are directly tied to our franchises. As an example, our Call of Duty Endowment has helped find employment for over 90,000 veterans.

Learn more information about Activision Blizzard and how we connect and engage the world through epic entertainment on the company’s website, www.activisionblizzard.com.

Investors and Analysts:

[email protected]

or

Press:

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Entertainment Consumer Electronics Technology Online Mobile Entertainment Software Electronic Games

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USANA Releases 2021 Sustainability Report

PR Newswire

Report highlights USANA’s robust sustainability efforts surrounding people, planet, and products


SALT LAKE CITY
, April 28, 2022 /PRNewswire/ — As a global company, USANA is acutely aware of the importance of sustainability and the company’s role in taking care of the planet and the people who inhabit it. As part of its investment in sustainability, USANA recently released its second annual sustainability report. The report offers a high-level outline of USANA sustainability efforts, including organizational priorities based on a comprehensive materiality assessment and the company’s progress in 2021.

To view the full 2021 sustainability report, please click here.

“This is our second sustainability report, and we are already making substantial improvements over 2020,” says Kevin Guest, USANA chairman and CEO. “As I look ahead, I am optimistic about the future. Our strategy to strengthen, diversify and grow our worldwide business is right on track, underpinned by our commitment to advance the ESG (environmental, social and governance) goals set forth by our Board of Directors. Our goal is to incorporate best practices across all our operations and markets as we strive to improve communities around the world. I thank all our employees for their hard work and all our stakeholders for their continued support as we work to create the healthiest family on earth.”

The USANA 2021 report highlights the company’s recent ESG achievements. Some notable results include the following:

  • Achieved 84% engagement in global employee surveys
  • Majority of U.S. employees have participated in diversity and inclusion training
  • Implemented >$1 million in salary adjustments, including raising starting wages for entry-level employees
  • Employees completed over 8,000 hours on professional development
  • Provided over 4.5 million meals through the USANA Foundation
  • Led first-ever Diversity & Inclusion Volunteer Week
  • Saved ~400,000 pages of paper by transitioning globally to an online holiday gift guide
  • 26% of energy used at our HQ campus comes from solar arrays and renewable energy certificates
  • Began transition to 25% post-consumer recycled materials for our bottles in the United States, Canada, Indonesia, Japan, Korea, Malaysia, and Thailand
  • Switched from plastic bubble to 100% biodegradable fill in U.S. packaging
  • Invested $10.6 million in R&D
  • Developed a scorecard to evaluate suppliers on ESG standards

In 2020, USANA began a formal materiality assessment to gather insight on its ESG performance, priorities, areas where USANA could make the greatest impact, and how the company could enhance its sustainability disclosure and reporting. For the 2021 report, the company increased its alignment with relevant reporting frameworks including the Global Reporting Initiative (GRI) Standards, the Sustainable Accounting Standards Board (SASB) Standards1, and the United Nations Sustainable Development Goals (SDGs).

“2021 continued the uncertainty and rapid change we saw in 2020, but USANA weathered the storm and took our ESG efforts to new heights,” says Paul Jones, USANA’s chief people officer. “We have invested so much into improving our people, planet and products, and I’m glad we have this report to share our great work with the world. I consider this to be required reading for all our stakeholders; it should give them something to feel really proud about.”

About USANA

USANA (NYSE:USNA) prides itself on providing consumers the highest quality nutritional products in the world. From its award-winning supplements to its innovative Celavive skincare and Active Nutrition lines, USANA has proven for nearly 30 years why it’s a company you can trust. How about giving us a try? Shop at USANA.com or learn more at whatsupUSANA.com.

1Given our presence in multiple product categories, our review included SASB Standards for the following three sectors: Processed Foods, Multiline and Specialty Retailers & Distributors, and Biotechnology & Pharmaceuticals.

Media Contact: Amy Haran
Executive Vice President of Communications
(801) 954-7641
media(at)USANAinc(dot)com

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SOURCE USANA

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Crawford Announces Global Partnership with Airkit to Elevate Digital Customer Experience and Accelerate Digital Time to Market By Up to 20x

Crawford Announces Global Partnership with Airkit to Elevate Digital Customer Experience and Accelerate Digital Time to Market By Up to 20x

LONDON–(BUSINESS WIRE)–
Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations, has today announced a global partnership with Airkit that will combine Crawford’s industry expertise with Airkit’s CX Automation (CXA) platform. This partnership will enable Crawford to rapidly design and launch new digital self-service solutions for claims from adjuster workflows, customer scheduling, self-service claims updates, and more. With Airkit’s low-code platform and templated solutions, Crawford has already achieved a 20x reduction in development times while reducing total cost of ownership for app development by $13M over three years.

With Airkit, Crawford accelerated adjuster deployments before and during major catastrophes, such as floods and hurricanes. By automating communications across thousands of policyholders, Crawford projects a 2-3x conversion rate increase in connecting customers with adjusters in high-demand situations. By using instant, personalized omnichannel service (web, SMS, email), the new self-service workflow automates multiple aspects of the claim lifecycle for policyholders, including loss notifications and claim status updates, and instantly connects them to a specialist adjuster or to additional support, including managed repair services. Airkit’s enterprise-wide technology will also be used to enhance client experience across a range of other use cases, including digital enrollment, sentiment analysis, and on-demand services using WeGoLook®.

Kenneth Tolson, Global President, Network Solutions at Crawford, said: “Our partnership with Airkit illustrates Crawford’s ongoing commitment to integrate relevant new digital CX tools into its digital ecosystem. By deploying this state-of-the-art technology, which will enable us to engage policyholders more effectively, representing another step forward in our constant drive to simplify the claims process and in tandem, improve the overall customer experience.”

Stephen Ehikian, CEO and Co-Founder at Airkit, added: “Airkit and Crawford are committed to a common vision of delivering scalable, anytime, anywhere digital self-service. With Crawford’s claims industry expertise and Airkit’s CX Automation platform, Crawford now has the ability to enable any insurer, agency, or claims organization to deliver powerful omnichannel digital customer experiences that modern consumers have come to expect and demand.”

About Airkit

Airkit is the industry’s first CX Automation company. Since launching in October 2020, enterprises across many industries have chosen Airkit to power digital self-service experiences that span across all channels to lower cost to serve, drive revenue, and increase CSAT. With a powerful low-code studio, template and API libraries, and cloud scale infrastructure, Airkit unlocks the delivery of end-to-end digital experiences up to 40x faster than ever before.

About Crawford®

Based in Atlanta, Crawford & Company (NYSE: CRD‐A and CRD‐B) is the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations with an expansive global network serving clients in more than 70 countries. The company’s two classes of stock are substantially identical, except with respect to voting rights and the Company’s ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75 percent of CRD-A, voting as a class. More information is available at www.crawco.com.

Tag: Crawford-Corporate, Crawford-Other

Media Contacts: [email protected]

Lynn Cufley

+44 207 265 4067

[email protected]

Katie Cline

+1 470 792 5678

[email protected]

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Data Management Professional Services Technology Insurance Software

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AGCO Announces Dividend Actions

AGCO Announces Dividend Actions

Special Dividend of $4.50 per share Declared

Quarterly Dividend Increased 20% to $0.24 per share

DULUTH, Ga.–(BUSINESS WIRE)–
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, today announced that its Board of Directors declared a variable special dividend in the amount of $4.50 per share, payable on June 21, 2022 to shareholders of record at the close of business on May 20, 2022. The Company also increased the quarterly dividend to $0.24 per outstanding share, up $0.04 from $0.20 per outstanding share paid last quarter. Payment will be made on June 15, 2022 to all stockholders of record as of the close of business on May 16, 2022.

About AGCO:

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI®, Massey Ferguson® Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $11.1 billion in 2021. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com

Greg Peterson

Vice President, Investor Relations

(770) 232-8229

[email protected]

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Agriculture Natural Resources Other Manufacturing Manufacturing

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H&E Equipment Services, Inc. Announces Participation in the Wells Fargo Industrials Conference

H&E Equipment Services, Inc. Announces Participation in the Wells Fargo Industrials Conference

BATON ROUGE, La.–(BUSINESS WIRE)–
H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that Brad Barber, Chief Executive Officer, will participate in a fire-side chat during the Wells Fargo Industrials Conference on Wednesday, May 4, 2022. The fire-side chat is scheduled to begin at 9:20 AM, EST and is accessible through a link posted on the Company’s website, www.he-equipment.com, under the Investor Relations tab in “Events and Presentations.”

About H&E Equipment Services, Inc.

Founded in 1961, H&E Equipment Services, Inc. is one of the largest rental equipment companies in the nation. The Company’s fleet is among the industry’s youngest and most versatile with a superior equipment mix comprised of aerial work platforms, earthmoving, material handling, and other general and specialty lines. H&E serves a diverse set of end markets in many high-growth geographies including branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast States, Southeast, Midwest, and Mid-Atlantic regions.

Leslie S. Magee

Chief Financial Officer

225-298-5261

[email protected]

Jeffrey L. Chastain

Vice President of Investor Relations

225-952-2308

[email protected]

KEYWORDS: United States North America Louisiana

INDUSTRY KEYWORDS: Automotive Other Automotive Other Construction & Property Commercial Building & Real Estate Construction & Property Fleet Management

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Jignasha Amin Grooms Joins DISCO as Chief Human Resources Officer

Jignasha Amin Grooms Joins DISCO as Chief Human Resources Officer

Veteran HR leader to oversee DISCO’s expansion of its diverse global employee base and solidify company’s position as employer of choice worldwide

AUSTIN–(BUSINESS WIRE)–DISCO (NYSE:LAW), a leader in AI-enabled legal technology, today announced Jignasha (Jig) Amin Grooms joins the company as executive vice president and chief human resources officer (CHRO). Overseeing all HR functions, Grooms will lead the company’s recruitment, learning and development, performance management, diversity, equity and inclusion, and corporate social responsibility efforts as the company rapidly scales globally to meet the growing worldwide demand for technology that delivers better legal outcomes.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220428006024/en/

DISCO Chief Human Resources Officer, Jignasha (Jig) Amin Grooms (Photo: Business Wire)

DISCO Chief Human Resources Officer, Jignasha (Jig) Amin Grooms (Photo: Business Wire)

Grooms — who was named the 2021 Gold GLOBEE “Human Resources Executive of the Year” — has led human resources departments globally and trained teams to foster diversity, equity and inclusion at some of the world’s leading technology companies including Dell, Cisco Systems and, most recently, Epicor Software. With more than 20 years of experience in the information technology industry, Grooms also holds a law degree from the University of Miami.

DISCO CEO Kiwi Camara said: “We are building DISCO to be an institution where we would want our children to work, with a mission-driven culture that strives to make a difference for our customers, our employees, and our communities. Continued investment in our talent is a top priority, and Jig brings the experience, the vision, and the spirit to help DISCO continue its transformation as we scale globally, hire across all functions, and expand our product and service portfolio.”

Grooms says: “Throughout my career, I have been fortunate to be able to help technology companies not only rapidly scale their global employee base, but also find people who are committed to unleashing the potential that technology has to transform our personal and business lives. DISCO is poised to continue its incredible growth trajectory and I am delighted to join at a time where the market is only beginning to realize the potential for technology to transform the practice of law.”

In addition to her law degree, Grooms earned her BA in English and Spanish literature from Emory University.

Grooms reports to the CEO and is a member of the company’s senior leadership team.

About DISCO

DISCO (NYSE:LAW) provides a cloud-native, artificial intelligence-powered legal solution that simplifies ediscovery, legal document review and case management for enterprises, law firms, legal services providers and governments. Our scalable, integrated solution enables legal departments to easily collect, process and review enterprise data that is relevant or potentially relevant to legal matters. For more information, visit www.csdisco.com.

Press Contact

Laura Wooster

[email protected]

Investor Contact

Lee Robinson

[email protected]

KEYWORDS: North America United States Ireland United Kingdom Europe Texas

INDUSTRY KEYWORDS: Professional Services Data Management Technology Legal Software Networks Internet

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DISCO Chief Human Resources Officer, Jignasha (Jig) Amin Grooms (Photo: Business Wire)
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Gold Resource Corporation to Hold Q1 2022 Conference Call on May 10, 2022

Gold Resource Corporation to Hold Q1 2022 Conference Call on May 10, 2022

DENVER–(BUSINESS WIRE)–
Gold Resource Corporation (NYSE American: GORO) (the “Company”) will issue a news release providing a summary of its financial and operating results and file its Form 10-Q with the financial and operating results on EDGAR for the period ended March 31, 2022 on Monday, May 9, 2022 after the market closes. The Company will host a conference call on Tuesday, May 10, 2022 at 11:00 a.m. Eastern Time.

The conference call will be recorded and posted to the Company’s website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Alberto Reyes, Chief Operating Officer and Kim Perry, Chief Financial Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.

To join the conference via webcast, please click on the following link: https://app.webinar.net/DG5l9rQ3r7X

To join the call via telephone, please use the following dial-in details:

Participant Toll Free: (888) 440-2094

International: (438) 803-0544

Conference ID: 2818458

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC’s website, located at www.goldresourcecorp.com and read the company’s Form 10-K for an understanding of the risk factors associated with its business.

Kim Perry

Chief Financial Officer

[email protected]

www.goldresourcecorp.com

KEYWORDS: Colorado Africa Australia/Oceania United States Canada North America Australia

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

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3M and Innovative Automation collaborate to help customers automate key bonding applications with Robotic Tape System

PR Newswire

Solution automates tape applications to improve quality, enhance productivity and reduce labor reliance


ST. PAUL, Minn.
, April 28, 2022 /PRNewswire/ — 3M, a global leader in commercial bonding solutions, and Innovative Automation Inc., an integrator and provider of high-quality automation systems, are joining together to provide industrial manufacturers with an automated solution for tape applications that require precision, repeatability and high output. The RoboTape™ System for 3M™ Tape allows industrial manufacturers to take advantage of the benefits of 3M Tape in their assembly processes while maximizing production throughput, improving quality, reducing or re-tasking manual labor and limiting re-work.

To meet the needs of industrial customers facing labor shortages and increasing costs, manufacturers need advanced solutions. This collaboration between 3M and Innovative Automation provides an improved way to apply 3M Tapes precisely for high-volume applications at production speeds that aren’t achievable with manual tape application. The system has been carefully optimized to meet the demands of manufacturing, while providing additional features to streamline operation and maintenance.

The RoboTape™ System for 3M™ Tape includes the following features:

  • Pre-configured and optimized for a variety of 3M™ VHB™ Tapes.
  • Includes the payout — or unwind stand — capable of zero-downtime spool changes, a patent-pending feed system and a lightweight applicator head.
  • Flexible design that can be integrated onto small or large industrial robots or cobots from a variety of robot OEMs to match customer preferences.
  • Adjustable for foam, felt and attachment tapes.
  • Utilizes level wound rolls of 3M™ VHB™ Tape to achieve extended run times and minimize material handling.

The launch of the co-branded system with Innovative Automation provides a new solution to customers who are moving toward automation and looking to increase productivity in their operations.

“At 3M, we are focused on helping our customers improve bonding accuracy and outcomes wherever they are in their automation journey and this system is another step forward for industrial manufacturing,” said Chris Goralski, president of 3M’s Industrial Adhesives and Tapes Division. “We are thrilled to be working with Innovative Automation to help bring our customers new ways to support their applications.”

Innovative Automation’s technology and integration capabilities help customers reach their manufacturing goals and they have been developing novel ways to accomplish this with tape. “This system gives us a chance to combine our unique technology and automation experience with 3M’s bonding expertise in a way that supports customers looking to improve their production capabilities. We are excited for how this collaboration with 3M will move the industry forward.” said Steve Loftus, Founder of Innovative Automation.

The RoboTape™ System for 3M™ Tape debuted at the ATX West show in Anaheim, CA on April 12 and will also be demonstrated at the following trade shows this year:

Automate – June 6-9, Detroit
3M Open Future Technology Experience – July 18-24, Minneapolis
International Manufacturing and Technology Show (IMTS) – September 12-17, Chicago

For more information about The RoboTape™ System for 3M™ Tape, visit https://engage.3m.com/RoboTape or www.RoboTape.com/3M.

About 3M

At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M’s creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.

About Innovative Automation

Since 1989, Innovative Automation Inc. has provided industry with factory automation solutions for Fortune 500 companies in Canada, United States, Mexico, the United Kingdom, the Czech Republic, China and Japan. Innovative is a full-service automation supplier with inhouse expertise to take projects from concept through design, manufacturing, build, programming, development and commissioning at the customer’s site.  The range of custom standalone cells to large robotic automation systems produced by Innovative Automation, service the Automotive, Consumer Products, Electronics, Pharmaceutical and Medical Device industries.


3M Contact:

Skye Finley

sfinley@mmm.com

 

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SOURCE 3M

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BUYBUY BABY® EXPANDS ‘BUZZWORTHY BRANDS’ THIS SPRING

PR Newswire


AHIMSA, MONICA + ANDY, MUSHIE, GRO TO, READY.SET.FOOD!, SNUGGLE ME ORGANIC AND WATERFUL BABY WIPES NOW AVAILABLE IN SELECT STORES AND BUYBUYBABY.COM


UNION, N.J.
, April 28, 2022 /PRNewswire/ — buybuy BABY® (NASDAQ: BBBY), North America’s leading baby and toddler specialty retailer, is expanding its portfolio of parent-founded Buzzworthy Brands this spring.  Ahimsa, Monica + Andy, Gro To, Ready.Set.Food!, Snuggle Me Organic and Waterful Baby Wipes now available in select stores and buybuybaby.com build on ‘welcome to parenthood’, the retailer’s initiative to offer parents support and guidance, from products to advice, to help make the parenting journey easier.

At buybuy BABY, we want to offer safe and innovative solutions for expecting and new parents everywhere.

“At buybuy BABY, we want to offer safe and innovative solutions for expecting and new parents everywhere,” said Patty Wu, Senior Vice President and General Manager of buybuy BABY. “We’re proud to introduce these parent-owned and purposeful Buzzworthy Brands to our community – providing access to unique, sustainable, inclusive and approachable products aligned with our commitment to help our customers through each step of their parenting journey.”

buybuy BABY’s Buzzworthy Brands–many of which came to life as direct to consumer, digitally-native brands–offer high-quality, trusted, and differentiated products at varying price ranges to meet ever-evolving parent needs. This Spring’s additions include:



  • Gro
    -To

     makes gentle, effective, and useful bath and body care for babies and kids. It helps promote happy skin through fun and colorful products and a sense of ownership about their bodies and what’s being used on them.


  • Monica + Andy

     is committed to using the softest, safest Global Organic Textile Standard (GOTS)-certified organic fabrics and offers limited-edition prints and mix-and-match essentials. The brand is committed to helping parents and parents-to-be find their voices and feel supported and confident in all their choices.


  • Ahimsa

     aims to get plastic off the table by offering stainless steel dishes for kids. Its mission is simple—to provide safe products so that families can focus more on mealtime.


  • Mushie

     is a family-founded company focused on creating sustainable, safe, and beautiful baby essentials. By blending the minimalism of Scandinavian design with playful styles and soft colors, Mushie’s accessible products meet the functional needs of everyday use.


  • Ready, Set, Food!

     is the only complete early allergen introduction system that makes it safe, easy and convenient for all parents to do something really important for the health of their baby. Developed by allergists, the brand’s mission is to help babies have healthier futures, free from the limits of food allergies.


  • Snuggle Me





    Organic

     creates minimal, modern baby products for baby. Made with GOTS-certified cotton, Snuggle Me Organic products are designed to deliver a snuggling sensation intended to calm and comfort baby.


  • Waterful Baby Wipes

     makes baby wipes free of plastic and chemicals that are instead filled with 99.9 percent purified water and natural plant-based fibers and are safe for babies’ skincare needs. The products are healthy and safe for both babies and the planet.

“Monica + Andy is so excited to be part of the buybuy BABY assortment,” said Monica Royer, Founder and CEO of Monica + Andy. “buybuy BABY was the very first place I shopped for my daughter when I found out that I was pregnant, and there is no place that I felt more at home as a new parent.  With our collection now available at buybuy BABY, Monica + Andy hopes to provide the same peace of mind for all new parents.”

“We’re thrilled to be partnering with buybuy BABY as one of the newest Buzzworthy Brands, joining their line-up of established product assortments,” said Zoe Foster Blake, Founder of Gro-To. “It gives our loyal customers another touchpoint; and for those who are yet to discover Gro-To, it’s an exceptional and specialized introduction to the brand. Our range is designed to be effective, fun, colorful and safe. We strive to bring a fresh alternative to the kids’ skin care space. I am excited for customers to meet Gro-To at buybuy BABY.”

Earlier this year, buybuy BABY announced an exclusive partnership with another Buzzworthy Brand – Primary – which offers affordable, sustainable non-gender specific clothing. buybuy BABY’s Buzzworthy Brands portfolio, which now includes 11 brands, launched in 2021 and supports parent entrepreneurs.

About buybuy BABY 

buybuy BABY is the leading specialty baby products retailer in North America, with a 25-year history of providing families with trusted information and products they need to confidently navigate the journey of parenthood—across every milestone, big and small. The company sells a wide assortment of baby and toddler essentials, as well as nursery furniture. buybuy BABY is a subsidiary of Bed Bath & Beyond Inc. (NASDAQ: BBBY). For more information, visit https://www.buybuybaby.com or https://www.bedbathandbeyond.ca. 

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SOURCE buybuy BABY