COMMENTARY:
COMMUNICATING TO CONSUMERS
In the last issue I published a letter from a friend who is
creative, crafty, has lots of industry experience and boxes-full of
photographs – and no interest in scrapbooking. I published her
letter and invited readers to tell me how do we get this woman
scrapping. Because if scrapbooking is going to continue to grow, we
need to attract consumers like her.
The readers' answers in the Memory, Paper & Stamps column are
savvy, thoughtful, and full of sound strategies for enticing our
friend into scrapbooking. But there's something missing. If she
walks into an independent's store or in a chain's scrapbook
department and sees this wealth of products, she will assume that
scrapbooking is complicated, time-consuming, and expensive. She
takes one look, then turns around and walks out.
Now, we all KNOW scrapbooking needn't be those things, and if the
industry pros who contributed to the Memory column could sit down
and talk face to face with my friend, they could probably convince
her. But we can't rely on face-to-face conversations with every
potential scrapper to grow the industry.
So the question becomes, how to we communicate to those millions
of non-scrappers that scrapbooking can be quick, simple, and
inexpensive?
Send me your thoughts (call 309-925-5593 or email mike@clnonline.com).
NEW COLUMNS THIS ISSUE
Memory,
Paper & Stamps. Strategies for turning a crafter into a
scrapbooker.
Category
Reports. A first-hand view of the astonishingly successful Knit-Out
& Crochet 2004 events in New York and around the country. (Note:
This should be of particular interest to needlework, painting,
and floral vendors as an example of how vendors can work together to
promote their category.)
Scene &
Heard. Ellie Joos reports on the Premiere Vision Fall/Winter
show, a huge fabric show in Paris. Crafters and sewers will find it
easy to be fashionable.
Legal Q. &
A. Who owns a copyright, the first person to file for a
slogan, or the first person to use it? An interesting case with
plenty of implications for our industry.
Note. To read the columns, click on the title in the
left-hand column. If you surf to a column and it's an
"old" column. Click on your "Refresh" or
"Reload" button on your browser.
TAKE THE CLN POLL: WHO SHOULD BE PRESIDENT?
Time to vote for President! We asked the question a few months
ago, and are asking again now; then we'll compare results with the
earlier Poll to see what effect the campaign and changes in Iraq and
the economy have had on the results. To vote, click
on Industry
Polls. And vote for real on Nov. 2. Remember, as
novelist E.L. Doctorow wrote, "The president we get is the
country we get."
CLN
POLL: ATTENDEES EVALUATE
MEMORY
TRENDS
Our unscientific poll of exhibitors' and buyers' views of last
month's Memory Trends show revealed some interesting
attitudes. Thirty-seven percent of the exhibitor-respondents thought
the traffic/orders were much less than expected; 26% said somewhat
less; 21% thought the show met their expectations; 5% said it
somewhat surpassed expectations; and 11% said the show was much
better than expected.
Buyers, on the other hand, were happier. Twenty-nine percent of
the buyers were extremely pleased with the new products unveiled at
the show; another 21% were very pleased; 36% thought the products
met their expectations; and only 14% were somewhat disappointed. No
one was very disappointed. Regarding classes and workshops, 38% were
extremely pleased; 25% were very pleased; 12% thought they met
expectations; and a fourth were somewhat disappointed. No one was
very disappointed.
Apparently the underlying mood was somewhat somber, too. Only 13%
of all respondents (exhibitors and buyers) were extremely optimistic
about the 2004 holiday season and 2005; 25% were somewhat
optimistic; 29% thought the season and 2005 would be about the same;
and 33% were somewhat pessimistic. No one was very pessimistic. (For
more on the Memory Trends show, see below.)
JANLYNN ACQUIRES STAMPS HAPPEN
Janlynn has acquired Stamps Happen of Fullerton, CA.
The acquisition is part of Janlynn's continued expansion strategy.
"By adding the powerful Stamps Happen brand to the base of
products already found in Janlynn's Moments 'n Memories and Sanook
Paper collection, we continue to offer the stamping and
scrapbook industry an exciting, full-line assortment," said
Janlynn President/CEO John Kozub.
Stamps Happen specializes in the design and manufacturing of
rubber stamps, supplies, and accessories. "This partnership was
formed with Janlynn to help Stamps Happen broaden its retail
distribution channel in North America and around the globe,"
commented Stamps Happen CEO Thom Breslin, who will become a member
of the Janlynn board of directors.
Janlynn will begin shipping Stamps Happen products in December
from its Chicopee, MA location and will unveil new Stamps Happen
collections at the 2005 CHA show in Atlanta. To learn more
about Stamps Happen products, visit www.stampshappen.com.
For more on Janlynn, visit www.janlynn.com.
CONSUMERS PLAN TO SPEND LESS THIS SEASON?
A new holiday buying survey by the NPD Group, a market research
group, says nine of 10 consumers will spend the same or less this
holiday season, Reuters reported. Among the findings:
1. Americans will spend an average of $655.
2. Spending plans vary with age groups. The 18- to
24-year-olds plan to increase their spending to $537 this year from
$366 a year ago, but the 25- to 34-year olds will cut their spending
by 21%.
3. Discounters will dominate. Seventy-two percent of
respondents plan to shop in discount stores such as Target and
Wal-Mart.
4. More than half will comparison-shop before buying; a third
will wait for sales. Only about 27% had already started shopping
compared to 31% who had started this time a year ago.
Meanwhile, the latest tally in Retail Forward's Index of Future
Spending agrees with the NDP study. The index slipped from 102.7 in
September to 100.7 in October.
"The softer pace of sales
expected this month is the result of moderating spending plans among
Middle and Down Market households, offsetting a further
strengthening among those in the Up Market," said Steve Spiwak,
an economist with Retail Forward. "The result should be healthy
sales at high-end retailers in October, while discount retailers
should see sales continue to grow at a modest pace as the holiday
shopping season approaches."
TRADE GROUPS NAME OFFICERS
The Craft & Hobby Assn.'s Board of Directors elected
James Bremer, President of Tall Mouse Arts & Crafts, as
Chief Governance Officer starting in February of 2005. Other elected
officers who will serve one-year terms are: Jim Scatena,
President/CEO of FloraCraft, Vice Chair; and Emma Gebo, owner
of Crafts, Inc., Secretary.
CHA’s Nominating Committee has submitted a list of nominees for
reelection as Association directors for three-year terms. Nominated
to a first three-year term after serving served the two years
remaining of Tim Valentyn’s resigned term is: Ron LaRosa,
President/CEO of Delta. Nominated to serve second three-year
terms are Mike Hartnett, Publisher of Creative Leisure News;
independent retailer Jane Marski, owner of Hannah’s Home
Accents; and Mike McCooey, President/CEO of Plaid.
CHA members will confirm the reelection of new directors during
annual meeting at the trade show in Atlanta in February.
The CHA Board also elected Marski as Chair, plus Terri Clair (EK
Success) and Craig Curtis (Petersen-Arne), to the 2005
Nominating Committee. Alternates elected are Jane Anne Davis (Duncan)
and Ted Hesemann (Herrschner’s).
Three others will be elected to the 2005 Committee at the annual
meeting. Members may nominate themselves or another eligible member
by completing the online submission form on the members-only section
of www.craftandhobby.org,
or by submitting the form in the Early Fall issue of CHA Horizons.
The deadline is Oct. 31.
Dotty Grexa, VP/Fabric Division General Merchandise Manager, of Jo-Ann's,
was elected President of the Board of Directors of the Home
Sewing Assn. Grexa, a 24-year industry veteran, will assume the
role immediately and will serve through Fall 2006.
Grexa succeeds Stephanie Dell’Olio, President, Retail Division
of Marcus Bros. Textiles, who will continue to serve on the
Executive Committee.
HSA also announced the appointment of Michael Fuss, President/CEO
of Wm. Wright, and Lucille Tatulli-Strang of General
Fabrics and a past president of the Board of Retail Associates
(RAG Club), to the Board.
CHA NAMES KEYNOTE SPEAKERS
Arts and crafts for schools and how to capitalize on trends will
be the major topics for the keynote speakers at the Craft &
Hobby Assn. show in Atlanta, Feb. 12-15.
On Sat., Feb. 12 (7:30- 9:00 am), Henry Winkler will speak on the
importance of keeping the arts alive in schools. Winkler is a
celebrated actor, producer, director, author, and children's
advocate. With his wife, Stacey, he is a founder of The Children's
Action Network and United Friends of the Children, and for years has
co-hosted the United Cerebral Palsy telethons. For his efforts, he
has been awarded the United Nations Peace Prize, B'nai B'rith
Champion of Youth Award, and the Chevalier de l'Ordre des Artes et
Lettres, France's highest civilian honor.
On Sun., Feb. 13 (7:30 - 9:00 am), Robyn Waters, President of RW
Trend LLC and the former VP/Trend Design and Product Development for
Target, will discuss her belief that anyone can learn how to
track trends and translate that knowledge into sales and profits.
Robyn has 25+ years in retail and is the author of A Trend
Master's Guide From A-Z. She'll explain how trends, when
identified early, can act as signposts to society's values – and
when translated and applied relevantly give insight into the
"why" of "why we buy." She will explain how to
simplify the trend-tracking process so all can predict trends and
turn them into profit.
For more, visit www.chashow.org.
A.C. MOORE: WHO NEEDS A ROOF?
Sales for the third quarter ended Sept. 30 rose 9.2% to $107.7
million and same-store sales increased 0.3%, despite the collapse of
the roof in the company's former warehouse in July.
For the nine months ended Sept. 30, sales are up 12.7% to $320.4
million and same-store sales are up 3%.
The company is estimating its third-quarter earnings to be
$0.04-$0.05/share, which includes a charge of $0.03 for an
accounting change. Included in the results is an estimate of the
insurance claim recovery for lost merchandise and other expenses
related to the roof collapse of approximately $0.04. Officials said
the company insures its warehouse inventory at retail value and
therefore anticipates collection on their insurance claim at amounts
significantly in excess of cost. The insurance proceeds are an
offset to the lost sales.
CEO Jack Parker stated, "Third quarter sales were off to a
good start in July until we suffered the roof collapse. At the time
of the incident, we had been in the process of moving into a new
distribution center in Winslow Township, NJ. The roof collapse in
our then-existing distribution center was a major disruption to our
business. We lost the ability to ship any merchandise from our
warehouses for one week. During the next seven weeks, over $7
million in merchandise at cost was unavailable to be shipped to the
stores as we had to relocate the merchandise to the new distribution
center and ensure that the merchandise was salable."
Parker added "The effort of recovering from the roof
collapse resulted in delaying our ability to bring our new facility
up to the level of operation that we had anticipated. We did not
ship merchandise to stores in our customary manner. We lost a great
deal of imported fall ribbon, flags, fall seasonal, and basic floral
merchandise that could not be replaced domestically. As we could not
ensure merchandise availability, we reduced two key promotions in
August and September. We estimate the unavailability of merchandise
and the reduction in promotional events negatively impacted third
quarter sales in excess of $4 million. The events surrounding the
roof collapse also required us to add to staff and will delay our
ability to achieve the productivity we anticipated in the new
facility in the fourth quarter. However, we believe that our store
shipments will be back to normal within two weeks and we are still
confident that we will achieve the expected productivity going
forward."
Despite the roof, Parker re-affirmed the earnings guidance for
the year of $0.94-$0.97.
HURRICANES BLOW AWAY SEPTEMBER SALES
CLN is usually pretty cynical when retailers blame the
weather for poor sales. A few years ago when Ames, a discount chain
in the northeast, was sliding into bankruptcy, the company continued
to blame declining sales on snowstorms. Funny how it never seemed to
snow on A.C. Moore or Wal-Mart.
But this time we'll accept the excuse. Consequently we do not
think the September sales, which were mediocre at best, are the
typical barometer of consumer spending or necessarily an omen of
things to come. There are other signs of concern for the future
(lower consumer confidence and rising gas prices), but the following
sales figures aren't necessarily one of them.
Michaels. Same-store sales dropped 4%. Most of that (3%) was
due to lower custom frame deliveries because of changes in the
timing of promotions quarter relative to last year. Customer traffic
was flat and average ticket was down 1%. Year-to-date sales are up
9% to $1.928 billion and same-store sales are up 4%.
President/CEO Michael Rouleau also blamed the three hurricanes
– Michaels has 150+ stores in the southeast. Same-store sales in
that zone declined almost 13%, lowering overall same-store sales
results by approximately 2%. A later-than-usual Labor Day holiday
and a planned reduction in the number of promotional events hurt
sales, too.
Rouleau added, "Our sales of regular priced merchandise
showed strong increases in September, but those increases were more
than offset by year-over-year declines in promotional and clearance
sales. Our best performing departments were Needlework & Yarn,
Impulse & Party, Candles & Bakeware, and Books, and our
strongest zones were the Pacific, mid-Atlantic, and Central.
Execs' expectations: Same-store sales growth in October to be
4-5% ... Same-store sales for the quarter to be flat to +2% ...
Diluted earnings/share for the quarter to be $0.58-$0.62 –
analysts had expected $0.64, according to CBS MarketWatch ...
Same-store sales growth in the fourth quarter to be 3%-5% ...
Earnings for the fourth quarter to be $1.48-$1.52 ... Earnings for
the year to be $2.86-$2.94.
All earnings estimates are on a pre-split basis. Last month the
company announced a two-for-one stock split payable Oct. 12 to
stockholders of record on Sept. 27.
Jo-Ann's. Same-store sales were flat and overall sales rose
3.2% to $167.3 million. Through the first nine weeks of the quarter,
sales were $287.8 million versus $288 million a year ago, and
same-store sales decreased 1.3%. The major causes were the
hurricanes, reduced customer traffic (5%), and not repeating the
60th anniversary promotion held a year ago.
Year-to-date net sales increased 4.1% to $1.064 billion.
Same-store sales increased 3.2%.
The company lowered its guidance for the quarter from $0.47-$0.52
to $0.30-$0.35, and for the year from $2.25-$2.30 to $2.05 to $2.15.
Garden Ridge. The company, still in bankruptcy, saw
same-store sales decline 1.6% as the hurricanes hurt sales in three
stores. Gross margins improved though, officials said. The company
has 35 stores in 13 states.
Hancock. The bad news continues. Same-store sales fell 8.7%
and overall sales declined 8.5%. For the first two months of the
third quarter, total sales are down 4.8% and same-store sales are
down 5.1%. Year-to-date, sales are $265.6 million, down 4.5% and
same-store sales are down 4.9%.
Higher Sales. Costco, +8.0% ... Nordstrom, +6.2% ... Costco,
+6.2% ... Target, +5.6% ... Sam's Club, +4.5% ... Dollar General,
+4.2% ... Wal-Mart, +2.4% ... J. C. Penney, +2.0% ... Family Dollar
Stores, +1.5% ... Duckwall-Alco, +1.1% ... Federated, +0.1.
Lower Sales. ShopKo, -1.2% ... Factory Card & Party
Outlet, -1.2% ... Kohl's, -1.3% ... Big Lots, -2.1% ... Sears, -3.2%
... Pier 1, -3.9% ... Saks, -4.0% ... Bombay, -20.0%.
TNNA STITCHES TO WIN
The National NeedleArts Assn. is sponsoring Stitch To Win
Against Breast Cancer, a major promotion-fund-raiser at the Mall
of America in Minneapolis this Saturday from 11am to 7pm.
For a small donation, attendees can take a lesson in knitting,
needlepoint, crochet, embroidery, or cross-stitch and receive a free
beginner's kit donated by industry manufacturers – or stitch an
inch or a row in one or all of five 4'x6' wall hangings which are
designed to replicate the Breast Cancer Research Stamp. When
completed, these five will be auctioned off to raise additional
funds.
There will also be demos; a visit by Shay Pendray, host of the
PBS series Needle Arts Studio; a kid's corner where children
will be introduced to needlework using licorice and other
unconventional material; a "Scarf Tasting" where attendees
can try working with a variety of fun fibers on sample scarves; and
fashion shows.
The fundraiser is part of the Jubilee Campaign, a two-year
campaign sponsored by TNNA to promote needlework and raise $200,000+
for WIN Against Breast Cancer. For more on the Campaign, call
Sherry Mulne at 614-237-0700 or email bdirect@columbus.rr.com. For
more on TNNA, call 740-455-6773, email tnna.info@offinger.com, or
visit www.tnna.org.
(Comment: An event like this is how the Craft Yarn
Council of America started the avalanche of positive publicity
that has made yarn one of the industry's hottest categories. To read
what a cooperative effort can achieve, click on Category Reports to read about the CYCA's
Knit-Out
& Crochet 2004 events.)
RANDOM NOTES, RANDOM THOUGHTS
1. In case you're puzzled by Memory Trends increasing
attendance by 20% and yet 37% of the exhibitors were disappointed
with the crowd, here's why: the show was on two floors and there
were more exhibitors. So the show was spread out more and therefore
didn't "feel" as crowded. I bet if the show was all in one
place with narrower aisles exhibitors' evaluation would be more
positive. The more crowded the aisles, the more upbeat the feeling,
regardless of the size of the crowd.
2. Periodically, I have helped companies buy or sell other
companies, but here's a first: There is an established company,
currently inactive, which has amassed 90+ exhibitor points with CHA
by exhibiting through the years. (The more points a company has, the
better booth location it can request and receive.) The owner has
maintained company membership, so the points are still valid. The
owner wants to sell. The company has no debts and no other assets.
In effect, he's selling the company's points, its priority in booth
location.
For future and recent CHA exhibitors, buying this
"company," assures you 90+ points that took years to
accumulate. If that's more points than you currently have, you could
use them instead of your current points to improve your location at
the next show. (It's probably too late for the 2005 show in Atlanta
unless someone cancels. It’s not too late for the 2006 show in Las
Vegas.) For more info, call me at 309-925-5593 or email mike@clnonline.com.
3. In case you're wondering why some companies had
products mentioned on The Today Show, here's why: someone
called the CHA office explaining what they were looking for. CHA
sent a blast email to manufacturer members. Some companies responded
and ended up receiving invaluable publicity on the show.
CHA receives requests like this from time to time, so the moral
of the story is: pay attention to those blast emails and respond
quickly when you have appropriate products.
MISCELLANEOUS NEWS
SHOWS. The Memory Trends show in Las Vegas continues
to grow. Buyer attendance was up 20% to 2007 ... Total non-exhibitor
attendance (media, mfr reps, etc.) was up 22% to 2479 ... Total
attendance was 5203 compared to 3792 last year ... There were 885
booths this year in two halls, compared to 500 last year in one hall
... Number of exhibitors rose 15% to 385 exhibitors. The 2005 show
will move to the Las Vegas Convention Center but will be held later
in the year – Oct. 11-13. For info, email info@memorytrends.com.
SCRAPBOOKING. Add the CVS drug chain to the growing
list of non-industry retailers adding scrapbook supplies to their
inventory.
EXPO. Despite the hurricane damage in Florida, 6,177
people from 10 countries attended the Memory Expo in Orlando
earlier this month. They shopped in 180 booths sponsored by 94
companies. This Expo was sponsored by Better Homes & Gardens’
Scrapbook Etc. magazine and Michaels. There were 147
classes, 46 of which sold out, and 765 attended evening crop
parties. Look for seven Expos in 2005: Las Vegas, Apr. 1-2;
Somerset, NJ, Apr. 29-30; St. Charles, IL, May 20-21; Columbus, OH,
June 17-18; Pasadena, Sept. 9-10; Orlando Oct. 6-8; and Denver, Nov.
11-12. For info, email memories@offinger.com
or call 740-452-4541.
WAL-MART. The mega-retailer plans to open or expand 40-45
discount stores, 240-250 Supercenters, 30-40 Sam's Clubs, and 25-30
Neighborhood Market stores; add three merchandise distribution
centers and three food distribution centers; and remodel 360 stores
and clubs in the U.S. Outside the U.S., Wal-Mart expects to open or
remodel 155-165 stores. All in one fiscal year, beginning Feb. 1.
That's about 55 MILLION sq. ft. of new retail space, an 8% increase.
WAL-MART. In a speech to stock analysts, CEO Lee Scott hinted
that the discounter might not price so many products so low because
of criticism that the super-low prices cut into profits. Lee
promised shareholders they'd receive "the return they
deserve," Reuters reported. Another report indicated Wal-Mart
would not price toys so low this season, now that they are the #1
toy seller and driven key competitors into bankruptcy.
HALLOWEEN. According to a survey conducted last month by the
National Retail Federation, Spiderman is the top selling costume,
followed in order by Princess, Witch, Vampire, Monster, SpongeBob,
Ninja, Athlete, Ghost, and Power Rangers. The price for a Spiderman
costume ranges from $17 to (gulp!) $70, the Associated Press
reported.
DOLLMAKING. Reuters reported toy analysts are predicting a
big resurgence in the popularity of Cabbage Patch Kids. A
shortage of Kids when they first were introduced set off a
huge dollmaking trend in our industry in the 1980s.
TV. Last Wednesday NBC's The Today Show highlighted
products that were ergonomically designed for senior citizens and
featured products by Coats & Clark, Daylight Company, Fiskars,
Loew-Cornell, Miracle Point, and Ott-Lite Technology. To see the
products, visit www.savvysenior.org.
TV. Longtime HGTV personality Carol Duvall signed an
exclusive, multi-year agreement with Shop At Home that includes
merchandising and product development. Carol will appear regularly
on Shop At Home, where she will offer expert advice and focus
primarily on product demonstrations. Down the road, look for Carol
to launch her own private-label brand that Shop At Home would sell
exclusively. Other terms included in the agreement are promotional
elements, such as short-form programming and a syndicated column.
Carol has taped 1,000+ episodes of The Carol Duvall Show which
will remain part of the HGTV and DIY programming lineup for the
forseeable future.
PEOPLE. Garden Ridge promoted Jack Lewis to board chair and
Steve Higgins to president.
ACQUISITION. Party America, a 124-store chain of party
supplies, acquired Party Concepts, the third largest party
retailer with 170 units in 35 states, for $16 million dollars. Party
Concepts operates under the names Great Party!, Paper
Factory, and Paper Outlet. The purchase makes Party
America the second largest party supply chain in the United States
with 230+ and 60 franchise locations in 48 states. A year ago Party
America had purchased Paper Warehouse.
LOOKING TO BUY. Industry company is looking for acquisitions.
Must have a strong brand and be either #1 or #2 in market share in
its category. Would prefer company with $25+ million in sales. For
more info, call Mike Hartnett at 309-925-5593 or email mike@clnonline.com.
CROCHET. Lily Chin defended her title as the World's
Fastest Crocheter at the Knitting and Stitching show in
London. At a press conference afterwards, Lily crocheted
blindfolded, behind her back, and between her legs – and was
wearing her crocheted cowgirl outfit complete with a holster for her
crochet hooks. Last year Chin appeared on the David Letterman show
demonstrating her talents. Kate Brady from New Hampshire was
representing the U.S. in the Fastest Knitter competition as CLN
was going online.
LEGISLATION. Congress passed H.R. 4306, which gives retailers
the option of electronically processing and storing I-9 employment
verification forms. Currently, employers must complete a form for
each employee to show that they have verified that the employee is
eligible to work in the U.S. The employer must then retain the Form
I-9 on paper or microfilm/microfiche for at least three years and
make it available for inspection by Immigration, Justice, and Labor
departments. The law will take effect no later than 180 days after
President Bush signs it.
JOB OPENING. C-Thru Ruler is looking for a National Sales
Manager (Key Accounts
Gift-Craft-Specialty Stores). Requirements: five years experience
in selling national accounts and a minimum of two years in sales
management, BA or BS, ability to travel, etc. To apply, email a
resume with salary requirements to careers@cthruruler.com.
SCHOLARSHIPS. The National NeedleArts Assn. awarded $1,000
college scholarships to Lydia Stone whose mother, Sharon, owns the Three
Stitchers retail store in Clovis, NM, and to Ashley Dillon,
whose parents, Ted and Liz, own Tapestry Tent Designs in
Windsor, CO. For more, info on future awards, call 740-455-6773,
email tnna.info@offinger.com,
or visit www.tnna.org
... Winsor & Newton awarded
its $2,500 Wendell Upchurch Memorial Scholarship (for students
studying fine art and science) to Lisa Krannichfeld, a double major
in fine art and biology at Colorado College. For more on the
scholarship, call David Pyle at 800-445-4278 or email dpyle@colartusa.com.
NEEDLEWORK. The Buyer Registration Brochure for the TNNA show
in Long Beach Jan. 22-24 has been mailed. You can also print the
brochure from the website at www.tnna.org/winter_show.php?sess_id=.
Education begins Jan. 20.
SCRAPBOOKS. The Kansas University hospital offered a class to
employees on scrapbooking as therapy. Attendees were offered ways
scrapbooking can help Alzheimer and dementia patients and their
families, families dealing with grief, and children and teens.
BUSINESS PROFILE
Note: CLN will profile one company per issue, which will
remain online for at least a year. A Profile is a perfect way for a
new company to let itself be known to the industry, or for an
established company to enhance its reputation by showing the
industry its history, diversity of products, personnel, etc. For
more information on how your company can be profiled, call Mike
Hartnett at 309-925-5593 or email mike@clnonline.com.
THE CREATIVE NETWORK: JOB OPENINGS
To read about the latest job openings, click on Jobs in the
left-hand column or click HERE.
THE CLN RETAIL INDEX
A. C. Moore (ACMR). Last*: 24.21 ... Change**: -0.41
Hancock Fabrics (HKF). Last*: 10.20 ... Change**: -1.73
Jo-Ann Stores (JAS). Last*: 24.21 ... Change**: -4.25
Michaels (MIK). Last*: 27.42 ... Change**: -4.74
Rag Shops (RAGS). Last*: 4.27 ... Change**: +0.01
Wal-Mart (WMT). Last*: 52.53 ... Change**: -0.60
CLN Retail Index. Last*: 170.25***. Change**: -.6.4%
Dow Jones Index. Last*: 9933.38 ... Change**: -2.5%
*Oct. 15 ** from Oct. 1 Prices are exclusive of dividends
***Adjusted for Michaels' stock split
ENGLISH IS A CRAZY LANGUAGE
(Note: This was emailed by a subscriber, who reports the
author is unknown.)
There is no egg in eggplant nor ham in hamburger; neither apple
nor pine in pineapple. English muffins weren't invented in England.
Quicksand can work slowly, boxing rings are square, and a guinea
pig is neither from Guinea nor is it a pig.
Writers write but fingers don't fing, grocers don't groce, and
hammers don't ham?
Why can you can make amends but not one amend? If teachers
taught, why didn't preachers praught? If a vegetarian eats
vegetables, what does a humanitarian eat?
In what other language do people recite at a play and play at a
recital? Ship by truck and send cargo by ship? Have noses that run
and feet that smell? How can a slim chance and a fat chance be the
same, while a wise man and a wise guy are opposites?
How can your house burn up as it burns down? Why can you fill in
a form by filling it out? Why does an alarm go off by going on? If
Dad is Pop, how come Mom isn't Mop?
REMINDERS
1. For more information on how your business can be the subject
of a "Business Profile" call Mike Hartnett at 309-925-5593 or email mike@clnonline.com.
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