1 September 2020
Vistaprint First Yearly Sales Drop In 20 Years
WINDSOR , ONTARIO—
Vistaprint's  largest plant in Windsor Ontario
Vistaprint's largest plant in Windsor Ontario
Cimpress ( parent of Vistaprint) total sales for the last year ending 30 June was down 10% at $2.48 billion ,  sales  for the last quarter had slumped by 36%  because of the pandemic. This is  the first time in twenty that yearly sales have fallen . Sales for the Vistaprint  , Cimpress biggest  division, Vistaprint, sales fell from $1.5 billion to $1.34 billion,
Parent company of Vistaprint
Parent company of Vistaprint
Cimpress founder Robert Keane has described the effects on business of the Covid-19 pandemic as akin to being “punched hard in the stomach”.  Cimpress also refinanced some debt in order to pay down existing debt, giving it more flexibility down the road. 
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