COMMENTARY: Changing
Your Business
Talk about a gutsy business decision. Last week ABC news
broadcast a story about a milk farmer in Pennsylvania who is now
raising goats instead. Apparently market forces were such that he
couldn't make a living any more selling milk, and there's a big
increase in demand for goat meat ... so he completely changed his
business.
If you know about farmers, you know this fellow's father,
grandfather, and maybe great grandfather were milk farmers. Imagine
that guy facing his family and saying, "Dad, Grampa, I know the
family has been raising milk cows for generations, but now I'm gonna
raise goats."
Of course this is a huge gamble. What if the demand for goat meat
is a fad that will die quickly? Demographic trends (the increase in
immigrants who want goat meat) indicate this is not a fad, but who
knows for sure?
Why am I writing about a goat farmer? Because the business he and
his family loved wasn't providing for his family anymore through
no fault of his own. He saw a niche in the marketplace and went for
it.
How many times in our industry has a manufacturer or retailer
made the tough, courageous choice to change from milk to goats? How
many went out of business because they couldn't make that change?
I hope ABC does a follow-up a few years from now to see if it
worked. I certainly wish that farmer all the best.
NEW COLUMNS THIS ISSUE
"Benny
Da Buyer". The latest Wal-Mart news: The
retailer's charity work, criminal investigations against the former
vice chair, compensation issues, and reactions to last issue's
"So, Is Wal-Mart the Bad Guy?".
Business-Wise.
Buying and Selling Your Business. A leading mergers &
acquisitions pro explains the nuts and bolts of the process.
Legal Q.
& A. What is "dumping"? How does it work? And
why did Tara Materials file a complaint with the U.S.
Commerce Department and the International Trade Commission?
Highlights of the case are below, but the details are here.
Scene
& Heard. Reports on the recent National Art Materials
Trade Assn. show in Chicago. Plus, a fascinating history of Liquitex,
one of the industry's most influential products.
Note. If you surf to a column and it's an "old"
column, click the "Refresh" or "Reload" button
of your browser.
TAKE THE CLN POLL: SCRAPBOOKING AND YARN
Has scrapbooking peaked or is it still growing? What about yarn? To
vote, click on Industry Polls in the right-hand column or click HERE.
CLN
POLL: HOW YOU READ CLN
This was a surprise: 75.3% of you read CLN online, and
only 19.2% print it and read the hard copy. The remainder print a
hard copy and pass it around the office something that's
unnecessary since everyone in the main office of a paid subscriber
is welcome to register and access CLN, free. (Reminder: if
you want a hard copy, click on "Printer-Friendly Version"
and print that. It's the same material, but with wider margins so
you use less paper and ink.)
Regarding the columns, 39.4% read all of them, 46.5% read most of
them, 9.9% read an occasional column, and 4.2% don't read any.
ARTIST CANVAS IN IMPORT TRADE
DISPUTE
Tara Materials has filed an anti-dumping petition with the
Department of Commerce (DOC) and the International Trade Commission
(ITC) against Chinese exporters of pre-stretched artist canvas,
canvas panels, rolls, archival boards, and canvas pads. The outcome
may affect not only the art materials category, but may also have
implications for all U.S. vendors in competition with Far East
suppliers.
In effect, dumping is when a foreign producer, in this case
China, sells a product into the U.S. at a price that is below
China's cost to manufacture it.
As CLN understands the process, for the DOC to consider
the charge, it has to be made by U.S. vendors who comprise at least
25% of the market. Tara's Fredrix artist stretched canvas has
well over that by itself. One other vendor, Duro Art Industries,
has joined Tara in the petition.
There are two major phases to the anti-dumping determination.
First, an investigation by the ITC to determine if there is material
injury to the U.S. artist canvas industry. There was a conference in
Washington, D.C. on the complaint last week and the ITC is expected
to announce a preliminary determination later this month.
The second phase is conducted by the DOC to determine if actual
dumping is occurring or if the products in question are less
expensive simply due to lower operating costs. If the conclusion is
dumping, then the DOC determines the tariff U.S. importers will have
to pay for importing artist canvas from China.
A preliminary decision by the DOC is to be made in approximately
160 days, sometime in September 2005. A final decision will be
issued in approximately 280 days, which should be sometime in
January 2006.
Tara President Michael Benator said, "We are not seeking any
unfair advantage or wish to restrict any supplier from selling
artist canvas into the U.S. We only want a fair playing field that
eliminates the unfair trade practice, where we all can compete
equally."
An interesting point in the law, enacted four years ago and
referred to as the Byrd amendment: if the complaining U.S. vendors
win the complaint and tariffs are imposed, the vendors (in this
case, primarily Tara) , not the U.S. government, receive the revenue
from the tariffs collected. Not too long ago, U.S. candle
manufacturers won such a case and have collected money in tariffs.
Tara's legal advisors said Congress is reconsidering the Byrd
amendment and the policy of the U. S. Customs Service turning over
collected tariffs may be rescinded. The European Union thinks the
Byrd amendment is unfair and has recently won a decision in the
World Trade Organization granting punitive tariffs against many
products exported from the U.S. Starting yesterday, U.S. companies
that sell paper, textiles, machinery, and farm produce to Europe
will be hit by punitive tariffs of 15%, the New York Times reported.
(Note: To read more on the subject, including Tara's press
release to customers, click on Legal Q. & A. in the left-hand
column or click HERE.)
COTERIE SCRAPBOOKING ...
SCRAPPED
Primedia has pulled the plug on the new venture, Coterie
Scrapbooking. The company was going to sell scrapbook and paper
craft kits and publications and was led by President Mark Seastrand,
former publisher of Creating Keepsakes, Simple Scrapbooks,
and Paper Crafts for Primedia; Lisa Bearnson, founding editor
of CK; and Becky Higgins, a CK contributing editor and
author of numerous articles and books.
Apparently the concept angered some scrapbook vendors who provide
the advertising base for the Primedia magazines, so Coterie was
scrapped.
Seastrand has left to pursue other interests, and Lisa and Becky
continue to serve as CK's founding editor and contributing
editor.
A.C. MOORE QUARTERLY EARNINGS:
FLAT
Net income for the first quarter ended Mar. 31 was $1,252,000
($0.06/fully diluted share) essentially the same as last year's
net income of $1,228,000 ($0.06). Sales for the quarter grew 10.2%
to $122.9 million, but same-store sales declined 1.6%.
CEO Jack Parker said, "Although we were disappointed with
our comp-store sales results and our flat net income performance, we
are optimistic for the remainder of the year as we did see positive
results in the 21 stores where conditions were consistent with the
prior year. We are confident in our merchandising plans as well as
with the improvements we are seeing in our distribution processes
and productivity. This allows us to re-affirm our earnings forecast
for the year of $1.06 - $1.09/share."
NEW BANKRUPTCY LAW PASSES
Congress passed and President Bush signed the Bankruptcy Abuse
Prevention and Consumer Protection Act of 2005, which was strongly
endorsed by the National Retail Federation, banks, and the
credit card companies. The law goes into effect in about six months
and will require many debtors to work out repayment plans instead of
having their obligations erased in bankruptcy court.
But for some retail chains, this may be a case of being careful
what you wish for, because real estate companies were also lobbying
Congress. Their efforts resulted in the 500-page bill including a
provision that makes it more difficult for chains to use the
bankruptcy court as a means of getting out of leases.
"This new law really puts [bankrupt] retailers under the
gun," said Harold Bordwin, President/CEO of Keen Realty.
The law will affect a bankrupt retailer's vendors, too. The law
requires bankrupt retailers to pay landlords in full within the
first seven months, leaving less money available for other
creditors. Bordwin predicts the result will be the "increasing
likelihood that retailers in bankruptcy will liquidate rather than
reorganize."
RETAIL SALES FOR 2005: UH OH
The National Retail Federation has revised its 2005 sales
forecast and predicts retail industry sales (which exclude motor
vehicles, gas stations, and restaurants) will increase 4.8%; last
year sales grew 7.0%, the highest growth since 2004.
"The indomitable consumer has kept on spending in spite of
high levels of debt and extremely low savings, but this pace cannot
continue much longer," said NRF Chief Economist Rosalind Wells.
"In addition to tough comparisons, which will plague the retail
industry for most of the year, consumers will be stretched thin from
rising interest rates, high energy prices, and modest gains in
employment and income."
The NRF thinks building materials and garden equipment stores,
luxury retailers, warehouse clubs, and electronic shopping will do
well, but it will be a challenging time for discounters (because of
gas prices) and department stores.
Yet in another study, the NRF is predicting Mother's Day spending
will increase 9.5% to $11.43 billion, an average of $104.63/person.
Flowers and greeting cards are the most common purchases, but the
study predicts gift certificates will increase 10% this year. (Comment:
If mom's a scrapbooker, crafter, etc., a gift certificate to one
of our stores makes a perfect gift.)
TARGET, YAHOO UNVEIL NEW PHOTO
SERVICE
Target and Yahoo are introducing Target Yahoo! Photos, a
digital photo destination that allows photo enthusiasts to store,
share, and print photos.
In the fall, Target Yahoo! Photos (at www.target.com/yahoophotos)
will offer consumers the choice of ordering prints online and
picking them up within a few hours at their local Target store.
There are 1,330 stores in 47 states. They also have the option of
having prints delivered to their home or office, or even to family
and friends.
Consumers will have unlimited storage and can easily upload all
their digital and camera-phone photos to Target Yahoo! Photos, and
be able to share their photos by simply emailing a link to an online
album to friends and family who could also order prints.
Photos can also be shared in real-time with Yahoo! Messenger, on
a mobile phone, or through a personal public web address (e.g.
http://photos.yahoo.com/susanphotosmith).
Consumers can also use their photos to create custom gifts,
including mugs, aprons, and magnets, and have the gifts delivered
directly to the recipients.
SPECIAL PRODUCTS FOR
INDEPENDENTS?
Recently Pam Riddell of the Riddell Group held the first
meeting of independent scrapbook retailers in the Kentucky/Tennessee
area. The meeting went extremely well, Pam said, and added: "I
will ask you to take one question to the manufacturers for us,
please. I don't have an answer to this, and you've got a great forum
for reaching a lot of vendors. The question:
"Why can't manufacturers product an 'Independents Only'
product for our stores, or a version of a product that's solely
ours? I know it's a numbers game, but our retailers feel like
they're always the stepchildren."
A little history here: In the 1980's, there were still thousands
of independent craft stores, usually buying from a wide array of
distributors. The chains were growing, but were much smaller than
they are now.
I was the editor of an industry trade magazine, Profitable
Craft Merchandising, and one day my phone lit up with calls from
irate retailers and distributors. Apparently Michaels decided
to use Delta paint as a temporary loss leader and was
advertising it for less than retailers could buy it from
distributors. The callers were convinced Delta, probably the
best-selling acrylic paint at the time, had double-crossed its
retail and distributor customers.
I investigated and learned that the poor folks at Delta, now all
gone, had no idea Michaels was going to do this. They had sold to
Michaels just as they always had done; I don't know what the price
was, but it was not a special deal.
While I was working on the story, I talked to the VP of one of
the distributors whom I thought was a particularly savvy marketer.
He said, in effect, "Once a product starts getting footballed
by the chains, it's lost to the chains forever. The best thing Delta
could do now is develop a new paint, maybe Delta Deluxe or
something. Make it a bit better than the regular line; then hold the
price so the chains won't want it.
"Now the independents have a paint they can honestly tell
their customers is better," he continued, "and the
consumer won't be able to make an apples-to-apples price
comparison."
That, in effect, is what scrapbook independents are asking their
vendors.
Delta never developed a Delta Deluxe. (I wish it had, if
for no other reason than to see if the theory worked.)
EMAIL: AN INDEPENDENT
STRUGGLES TO SURVIVE
(Note: We've exchanged emails with a very bright
independent scrapbook retailer and we mentioned we were concerned by
the letter in the previous issue of CLN about some
independents going out of business. Here's her reply.)
I'll be honest, things are really tight around here too. One
store is closing, one other is contemplating it and two of us
are having a day-to-day struggle and Recollections may
open not too far away this summer.
Retail is down (not just our industry) and it is very
frustrating. New stuff comes out faster than stores can sell through
it. It's a self-consuming cycle.
I was re-racking stuff last week, and because the packaging was
just about 1quarter-inch off, I had to completely change everything.
We're spending a TON on advertising right now, but it seems like
the ads are really only reaching our current customers (not new
ones). That's a problem. We'll be trying a billboard (since we are
VERY close to an interstate highway).
Would you believe that 25% of our customers heard about us
through word-of-mouth, and another 25% found out about us because of
our street sign? 25% is "other" (I think that was the
convention we did two years ago), and the rest is equally split
between the newspaper, Val-Pack, and radio.
Seems to make sense that a billboard might be worth the
investment (as well as putting a sign on the BACK side of our
building which also faces the interstate).
On the other hand, customer reviews of our store are extremely
positive. Our customer service is rated tops, and only one person
(out of more than 500 surveys) thought we had a "poor product
selection."
So, we'll have a $7,000 week, followed by a $16,000 week and
pray for a better summer/fall! (We're going to a home school
convention, and have already lined up some other things for the
fall). Name Withheld
NOTE FROM ENGLAND
(Note: The following is from Chris Crombie, Managing
Director of the HobbyCraft chain in Great Britain.)
Paper crafts accounts for a significant part of our store
turnover; it is a massive category that seems to be going from
strength to strength. Year on year we are up 25% in same stores on
this category.
However, we are selling very few scrapbook-specific supplies.
What do I mean by "scrapbook-specific"? Well, much of
scrapbook supplies can be used in non-scrapbook projects. Sure,
12x12 paper is meant for scrapbooks, but I suspect most of it sold
in our stores is being used in card making and other paper-craft
projects. Scrapbook-specific items, such as the albums themselves,
are showing weak sales.
Yes, there is a lot more talk, media attention, and even magazine
titles devoted to the category, but my gut feel is that it is still
only a minor element in the runaway success that is paper crafts.
I am selling literally millions of card blanks versus hundreds of
scrapbooks. Chris Crombie, Managing Director, HobbyCraft
Group Limited
RANDOM NOTES, RANDOM THOUGHTS
1. Last week I had a delightful conversation with Helen
Thomas, the retired dean of the White House press corps who was in
Peoria as the keynote speaker at the annual YWCA awards banquet.
When she worked for United Press Int., she and my dad used to
compete against each other when he worked for the rival Associated
Press.
We talked about what I do, and I half-joked that I thought I
needed to go to law school to better understand international trade
rules. Helen said, "Oh God, yes. I'm glad I don't have to
report on that. I don't understand it. All I know is, it's a
mess."
2. Congrats to needlework designer Lois Winston whose
novel, Resurrecting Gertie, will be published by Dorchester
Publishing. The novel is craft-related and includes a character who
becomes the next Martha Stewart. We'll let you know when it's in
stores.
3. An unhappy scrapbook vendor called last week, concerned
about conversations she'd had with two of her retail customers. Both
said they sell everything in their stores for MORE than the
suggested retail price. Why, because apparently they are the only
game in town and feel the market will bear it.
One of them, however, said an Archiver's is coming to
town. If she continues to sell above the suggested retail, she'll be
bankrupt within a year.
This is one more example of some retailers making the fatal
mistake of believing margin is more important than turnover.
4. The March edition of Smithsonian profiles the
incredible resurgence of Ireland which now has one of the strongest
economies in Europe. But something is being lost: "Girls today
aren't learning how to knit," laments Ann Omaille, who has been
selling hand-knit garments in her shop since 1938. "Schools no
longer teach it, and they're not learning it at home as I
did.."
Be patient, Ann. if Ireland continues to follow the U.S. pattern,
in about five years knitting will be one of the hottest trends in
the country.
NEWS: TRADE ASSOCIATIONS AND
SHOWS
SHOWS. The TNNA/INRG show (June 11-13, in Columbus)
will be even bigger this year: 875 booths and 106 technique classes
and business seminars. Highlights include a Jubilee Gala celebrating
TNNA's 30th anniversary which will include the Yarn Group's fashion
show, the Needlepoint Group's Galleria, and live entertainment. The
Retailer Luncheon features mountain climber Charlie Wittmack, son of
TNNA board member DeElda Wittmack, speaking on "What Is Your
Everest?" For info, call 740-455-6773, email tnna.info@offinger.com,
or visit www.tnna.org.
Online pre-registration for the show ends May 11.
TNNA. As part of its Stitch to WIN Against Breast
Cancer campaign, TNNA will share a booth with its non-profit
partner, WIN Against Breast Cancer, at the Revlon Run/Walk for Women
in the L.A. Coliseum this Saturday, and Oct.1 TNNA will return to
the Mall of America for its second fund-raiser there ... TNNA will
provide the guest speakers on needlework for fashion and
merchandising classes at the U. of Akron, where TNNA has helped
develop needlework programs with the university's Dept. of Fashion
Design.
SHOWS. Buyer Registration kits for the Craft &
Hobby Assn. summer show in Chicago July 15-17 should be mailed
this week. Organizers expect 580+ exhibitors in 1,400+ booths, 10+
mega workshops, and 61 technique workshops, and the Retail Summit.
One popular feature that's being revived is shuttle service between
Rosemont and Chicago's Navy Pier on Fri. and Sat. nights. For more,
visit www.chasummershow.com.
PROMOS. CHA's efforts to promote National Craft Month (March)
included a satellite media tour picked up by 185 tv stations in
virtually every major market; a traveling media tour to New York,
Tampa, Chicago and San Diego that resulted in tv/radio appearances
by spokesperson Terri Oulette to almost 4 million viewers/listerns,
and publications such as Good Housekeeping, Ladies Home
Journal, and the Tampa Tribune; and retailer
demonstrators on local tv shows with an audience of 3+ million.
Magazine/newspaper articles reached 4+ million readers, public
service radio announcements reached 2+ million, and an audio news
release reached 3.4+ million.
CHA. Did you miss some of the seminars you wanted to
attend at the recent CHA Atlanta show? Now 25 seminars are available
on audio CD and MP3 CD. Visit www.craftandhobby.org
... CHA is continuing its headquarters restructuring to be more
responsive to the members. John Tomchek and Rick Boyle have left CHA
to pursue other opportunities. CEO Steve Berger expects to fill both
positions soon.
AWARD. CHA won the third place Cyber Space award
from the New York Society of Association Executives for the www.craftandhobby.org
website, and the Division II Judges' Award from the NJ Chapter of
the Business Marketing Assn. for "Total Communications Programs
over $200,000."
SEWING. The Home Sewing Assn. released its schedule
for two-day training workshops to be certified as a Trained Sewing
Educator: Dallas, Apr. 22-23 ... Pittsburgh, Apr. 29-30 ...Boston,
May 13-14 ... Atlanta, May 13-14 ... Denver, May 20-21 ...
Minneapolis, May 20-21 ... Indianapolis, June 3-4 ... Tampa, June
17-18 ... Nashville, July 26-27. Visit www.sewing.org/educator/html/tsa.html
for details.
KUDOS. Congrats to the Great American Scrapbook conventions
for being named "One of the 100 Things That Make America
Great" by Reader's Digest in its May issue.
TOYS. The American International Fall Toy Show will
stay in New York at least for the next couple of years.
NEWS: STORES AND PRODUCTS
MICHAELS. Investor's Business Daily recently
profiled Michaels' perpetual inventory and automated replenishment
systems, which have cost the company more than $125 million to
improve its operating systems and infrastructure. IBD quoted
CEO Michael Rouleau as saying "the implementation of these new
systems puts in place the most significant sales and
profit-generating tools ever for Michaels." The article also
reported Michaels is testing five different store prototypes for
what it calls its "perfect store" concept. The test runs
in five stores in five different, unnamed markets and there are
plans to expand the test to 20 additional stores in four additional
markets.
STORES. A.C. Moore will expand further south than ever
before, opening a store in Jacksonville this fall, reported the Jacksonville
Business Journal. President/COO Larry Fine told the Journal
the company plans to open 25 stores in Florida over the next three
years ... While reporting on Jo-Ann's closing a traditional
store and opening a superstore in the south suburban Chicago area,
the Chicago Daily Southtown reported that Jo-Ann's
traditional format locations average about $1.5 million in sales,
while the superstores (more than twice as large) average $5.25
million and their sales/sq. ft. are 30% higher.
SOFTWARE. The Liquitex division of ColArt has
introduced Pixel2Paint color mixing software which allows
the user to click on a color target within a standard color wheel to
generate a specific mixing recipe. Created for Window-based
computers, it's available as a free three-day trial at www.liquitex.com.
Suggested retail is $24.95.
LICENSING. Look for the return of Holly Hobbie, an
icon for little girls in the 1970's. One of the first licensed
characters in history to break a billion dollars in retail sales,
Holly is being brought back by American Greetings, Nickelodeon, and
Viacom Consumer Products. (Comment: Seems like Holly would
have potential for scrapbook paper, cross-stitch charts, etc.)
NEEDLEWORK. DMC launched Linen Embroidery Floss
100% linen in 12 colors. Suggested retail is $1.29 for a 8.7-yard
skein ... Also new is the Senso collection of crochet threads
100% Cotton, Microfiber Cotton, Linen Cotton, Wool Cotton,
Metallics, Denim and Rainbow Cotton. Visit www.dmc-usa.com.
SCRAPBOOKS. J.C. Penney's Mother's Day gift book catalog
includes a scrapbook kit for $14.99. It features a large photo of a
mother and young daughter looking at a scrapbook.
TV. The Bedazzler received a huge mention on last
week's episode of The Apprentice on NBC. The candidates also
went to Staten Island to buy beads at what we think was a Michaels.
(The show is often repeated on CNBC during the week leading up to
the next episode.)
MISCELLANEOUS NEWS
CONDOLENCES. Joe Scarfo, Jr., 53, passed away after a
three-year battle with cancer. Joe was sales manager for 20 years
for Caron Int. and was loved by all who knew him. Our very
best to his wife of 30 years, Julie, and their three children. The
family requests that donations in Joseph's memory be made to Kamp
for Kids, PO Box 219, Westfield, MA 01086.
MARTHA. The operating loss in the first quarter for Martha
Stewart Living Omnimedia was $19.8 million compared to a loss of
$16.5 million a year ago. Revenues were $38.7 million, down from
$44.5 million a year ago. In conjunction with the quarterly report,
the company announced Martha would make a line of home videos. No
mention of how many would be craft related, but at least one will be
on floral arranging.
RECOMMENDED READING. The Travels of a T-Shirt in the
Global Economy by Pietra Rivoli, a fascinating report on the
travels of the clothes you buy tens of thousands of miles from
the cotton plants in south Texas to your closet. Rivoli, an
economist at Georgetown U., uses a T-shirt to explain international
trade.
PEOPLE. Rick Caron is Director of New Business Development
for Coats North America's Crafts division and Global
Handknitting Liaison. Rick had been with Solutia and Caron
Int. and was one of the driving forces in the launch of the Craft
Yarn Council of America ... Andrew Carter was named Sr. VP of American
Art Clay, responsible for domestic and international sales ...
Miriam Davis was named Creative Director for Pulsar. She had
been Creative Director for DMD Industries. Prior to DMD, she
was VP of Sales and Product Development for Flexo-Crafts
(gift wrap/custom packaging) and Susan Crane (specialty
wrap). Visit www.pulsarpaper.com
... Aarin Young is the Design Coordinator for R. Star Int ...
To replace Thomas Coughlin on the board, Wal-Mart nominated
Linda Wolf, chair/CEO of Leo Burnett Worldwide, a huge ad agency.
Another new board member is Douglas Daft, retired chair/CEO of
Coca-Cola. (To read more on former vice chair Coughlin's legal
troubles, click on Business-Wise in the left-hand column.)
AWARDS. Craftrends editorial director Bill Gardner
won an award for his "Editor's Insight" columns from the
Western Region of the American Society of Business Publication
Editors (ASBPE). The award, which is in the Regular Column, Staff
Written category for all business publications west of the
Mississippi with circulations under 80,000, will be presented in
June when it will be revealed if its the Gold, Silver, or Bronze
award.
ROLODEX. AC Marketech Int. moved to 4930 Reed Rd., Ste.
230, Columbus, OH 43220. Call 614-442-1177; fax 614-442-1204; visit www.acmarketech.com
... New contact info for R. Star Int.: 123 Magnolia Lane,
Roslyn Heights, NY 11577; 800-291-5772 and 516-626-8890; fax
516-626-8892; www.rstarinternational.com;
email rsadur@aol.com.
LOOKING TO HIRE. A well established small Midwest
art/craft manufacturer is seeking a Sales/Marketing Manager
(emphasis on marketing). Responsibilities include managing a
nationwide network of reps and establishing/managing a marketing
department. This person should be wildly creative, a strong
communicator, mechanically inclined, good with numbers, and have an
unquenchable desire to try new ideas. For more, email Mike Hartnett
at mike@clnonline.com.
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 see the latest list of available jobs, click on Jobs in the
left-hand column, or click HERE.
THE CLN RETAIL INDEX
A. C. Moore (ACMR). Last*: 26.01 ... Change**: -2.08
Hancock Fabrics (HKF). Last*: 5.92 ... Change**: -0.50
Jo-Ann Stores (JAS). Last*: 25.30 ... Change**: -0.25
Michaels (MIK). Last*: 33.20 ... Change**: -3.74
Wal-Mart (WMT). Last*: 47.14 ... Change**: -3.14
CLN Retail Index. Last*: 137.57 ... Change**: -.2.0%
Dow Jones Index. Last*: 10,192.51 ... Change**: +1.0%
*April 29 ** from April 15 Prices are exclusive of dividends
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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5. Creative Leisure News is published the first and
third Mondays of each month. Because May has five Mondays, your next issue will be Monday, May
23.