RR Donnelley Awarded $100 Million Multi-Year Catalog Agreement by Cornerstone Brands
December 24 2008 - 6:30AM
Business Wire
R.R. Donnelley & Sons Company (NYSE: RRD) announced today that
it has been awarded a multi-year $100 million agreement by
Cornerstone Brands, an operating unit of HSN, Inc. (Nasdaq :HSNi),
a leading interactive multi-channel retailer. Under the terms of
the agreement, which renews and significantly expands RR
Donnelley�s relationship with Cornerstone, the company will provide
catalog production and logistics services for Cornerstone�s brands,
which include Ballard Designs, Frontgate�, Garnet Hill,
Improvements�, Smith+Noble, The Territory Ahead and TravelSmith�.
�RR Donnelley is the right choice to support our portfolio of
strong multi-channel lifestyle brands,� said Cornerstone�s Paul
Tarvin, Group President Home Brands. �Their financial strength,
diverse manufacturing platform, and innovative capabilities � such
as Variable Trim Binding to reduce postage costs � will deliver
exceptional value to Cornerstone.� �We are very proud to have
earned Cornerstone�s confidence in this expanding relationship,�
stated John Paloian, RR Donnelley�s Chief Operating Officer. �The
unique Variable Trim Binding capability that we introduced this
year maximizes the flexibility of the titles that can be co-mailed,
as compared to prior systems which required common trim sizes. It
is an ideal fit with Cornerstone�s needs. We continue to engineer
flexibility, value added capabilities and precise quality into our
unmatched platform.� About RR Donnelley RR Donnelley (NYSE: RRD) is
the world�s premier full-service provider of print and related
services, including business process outsourcing. Founded more than
144 years ago, the company provides products and solutions in
commercial printing, direct mail, financial printing, print
fulfillment, labels, forms, logistics, call centers, transactional
print-and-mail, print management, online services, digital
photography, color services, and content and database management to
customers in the publishing, healthcare, advertising, retail,
technology, financial services and many other industries. The
largest companies in the world and others rely on RR Donnelley�s
scale, scope and insight through a comprehensive range of online
tools, variable printing services and market-specific solutions.
For more information, and for RR Donnelley's Corporate Social
Responsibility Report, visit the company's web site at
http://www.rrdonnelley.com. Use of Forward-Looking Statements This
news release may contain "forward-looking statements" as defined in
the U.S. Private Securities Litigation Reform Act of 1995. Readers
are cautioned not to place undue reliance on these forward-looking
statements and any such forward-looking statements are qualified in
their entirety by reference to the following cautionary statements.
All forward-looking statements speak only as of the date of this
news release and are based on current expectations and involve a
number of assumptions, risks and uncertainties that could cause the
actual results to differ materially from such forward-looking
statements. Readers are strongly encouraged to read the full
cautionary statements contained in RR Donnelley's filings with the
SEC. RR Donnelley disclaims any obligation to update or revise any
forward-looking statements.
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