Direct-to-consumer sales a bright spot.

 

Toronto-based CCL Industries has reported a third quarter sales decline for its Avery labels business in the of wake of continued disruptions across various markets and categories due to the global pandemic.

 

The Avery division reported Q3 2020 sales of C$178.4 million, down 19.8 per cent on  a year-on-year organic basis. For the first nine months of 2020, Avery’s sales fell by 17 per cent.

 

Avery’s fast-growing direct-to-consumer business remained strong globally in WePrint and kids’ labels, but not enough to offset steep declines in event and name badging as attendance at sports events, concerts, trade conventions and business meetings temporarily disappeared.

 

Parent company CCL Industries reported record quarterly earnings.

 

Geoffrey T. Martin, president and CEO of CCL, commented, “This outstanding performance, in the midst of ‘once in a generation’ pandemic challenges, speaks to the resilience of our business model and the unrelenting commitment and dedication of our front line people around the world. 

 

“Supported by our global leadership team, they met diverse needs of customers, delivering industry-leading quality, service and operational improvement, while ensuring the health and safety of our entire organization during highly unusual operating conditions,” he said.