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Educational Development signs distribution agreement with Usborne Publishing, allowing EDC's UBAM direct sales division access to sell Usborne titles through its sales channels, non-exclusive rights to sell to schools, libraries through book fairs

Educational Development's net earnings decline 34.1% year-over-year to US$8.3M in FY 2022, while revenue drops 30.3% year-over-year to US$142.2M; home division sales plunge 34.2% to US$129M, while publishing division sales up 54.7% to record US$13.3M

Unit sales of print books fall 6% year-over-year for week ending May 15, NPD BookScan finds, with adult fiction the only category to post increase of 0.9%; sales of adult nonfiction fall 10%, juvenile fiction drops 6.8%, juvenile nonfiction drops 10.7%

Fashion Institute of Technology students win Paperboard Packaging Alliance’s 2021 Student Design Challenge; Super Kit design is inspired by comic book superheroes, educates and empowers Asian American, Pacific Islander children to fight against racism

FDA approves Pfizer COVID-19 booster shots for healthy 5-to-11 year-old children, as CDC decides whether to approved booster; about 30% of eligible kids in 5-to-11 age group have received two doses of Pfizer vaccination

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