COMMENTARY: Point
Fingers or Work Together?
The finger-pointing in scrapbooking is getting worse.
Independents want vendors to stop selling the same lines to chains,
vendors want independents to buy more, vendors don't want magazines
to get into the product business, independents don't want vendors
coming into their areas and selling direct at consumer shows, and
vendors and independents don't want other vendors bundling their
products into kits and selling them at incredibly low prices to
warehouse clubs.
Has everyone suddenly become unethical? No. They're just trying
to survive. These complaints indicate the scrapbook pie is not large
enough for all the manufacturers and retailers.
On the other hand, the only complaint I hear about yarn is
retailers moaning that the vendors don't make it fast enough. Thanks
in large part to the Craft Yarn Council of America (CYCA),
the pie is big enough for everyone.
Hmmm. So maybe it's time for the scrapbook companies to join
together and form the Scrapbook Council of America and imitate the
CYCA?
NEW COLUMNS THIS ISSUE
Business-Wise.
The controversy over Tara's anti-dumping complaint continues:
the view from MacPherson's, the art material distributor.
Scene
& Heard. The products and trends from the recent Quilt
Market, plus a perspective on the show from a traditional arts
& crafts vendor.
Category
Reports. Wal-Mart is becoming a category unto itself. Here's
the latest, from hitching posts and robots to quarterly reports,
legislation, and much more.
"Benny
Da Buyer". A buyer for a major chain describes a
wonderful – and terrible – time with independent retailers
during Quilt Market.
"Vinny
Da Vendor". Ellison's Denzil Quick offers
thought-provoking suggestions on how scrapbook vendors and
independents can work together. (Good advice for vendors and
retailers in any product category.)
Note: To read the columns, click on the titles. 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: YOUR
AD/MARKETING DOLLARS
Vendors and retailers: Are you increasing or decreasing your ad
and marketing dollars this year? To vote, click on Industry Polls in
the right-hand column or click HERE.
CLN
POLL: YARN GROWTH
OUTPACING SCRAPBOOKING?
Who knows which category's overall sales are greater, but CLN
readers certainly believe yarn is now growing faster than
scrapbooking. A strong 40.5% reported yarn is still experiencing
strong growth and 35.7% believe the growth rate has slowed, but yarn
is still growing; 19.1% said yarn sales have leveled off, and only
4.8% believe sales have started to slip. No one said sales were
showing substantial slippage.
The story was not quite so rosy for scrapbooking. Only 9.8% said
the growth was strong and 45.1% said sales were still growing, but
at a much slower rate; 15.7% said sales had started to slip, and
2.0% reported substantial slippage.
COTERIE SCRAPBOOKING IS GONE,
BUT ....
Shortly after announcing it was scrapping Coterie Scrapbooking
because of complaints and potential problems with advertisers of
Creating Keepsakes, Simple Scrapbooks, and Paper
Crafts, Primedia has signed licensing deals for books,
kits, and videos under the CK, SS, and PC
brands. Leisure Arts will publish additional books under
those titles, and International Masters Publishing (IMP) will
produce a line of scrapbooking kits, "Scrap 'n Fun." TN
Marketing will produce a line of videos under the Creating
Keepsakes logo.
"Scrapbooking in the U.S. has gone from being a casual hobby
to a $2.5 billion industry and Primedia's craft titles, in
particular Creating Keepsakes, have been at the forefront of
the industry's explosion since day one," said Jacqueline Blum,
president of Primedia Ent., the company's licensing arm, in a press
release. "It made perfect sense to expand the company's voice
of authority in the world of scrapbooking and crafting into
additional, authentic products that an even broader base of
consumers can enjoy."
Regarding the kits, the press release said, "Developed and
produced by IMP in conjunction with Creating Keepsakes, the
hands-on kit will contain multiple pieces, including a sticker sheet
with die-lines using Creating Keepsakes-approved fonts,
patterned papers using different patterns and colors, layout pages
with pre-designed frames and borders, deluxe cardstock for
backgrounds and accents in coordinating colors and textures, pop-out
frames, pockets and accents, cut-out headlines and tags with
different phrases and journaling blocks, and project ideas and
design tips."
CLN has also learned that a "Lisa & Becky"
card-making/scrapbook kit with 3,000+ pieces will be the
"Today's Special Value" on QVC on Aug. 13, a QVC
"Craft Day."
JO-ANN'S: A TOUGH QUARTER
Net income for the first quarter fell 37% to $4.2 million
($0.18/diluted share). Sales increased 3.9% to $420.7 million and
same-store sales rose 0.6%. Gross margins decreased due to a more
promotional environment and operating profit was hurt by $1.7
million in incremental expenses related to store pre-opening and
closing costs.
A disappointed Chair/CEO Alan Rosskamm said, "Sales in the
first nine weeks of the quarter did not meet our expectations. On a
positive note, our superstore openings are on-track and the stores
opened during the first quarter are off to a good start. Our
superstores, which now account for almost 40% of total company
revenues, outperformed traditional stores in the first quarter, with
same-store sales in superstores increasing 2.8%.... we are focused
on fresh merchandising and marketing initiatives for our Fall
selling season that should drive sales and result in a solid second
half earnings improvement."
For the second quarter, historically the company's weakest, execs
project a net loss of $0.10-$0.15/diluted share. For the second half
of the year, the company is projecting earnings growth of 10%-15%,
or $1.85-$1.95 and full-year earnings of $1.88-$2.03.
In the quarter, Jo-Ann's opened 11 superstores and one
traditional store and closed 14 traditional stores. The company has
already opened five superstores this quarter and plans to open a
total of 40 superstores this fiscal year.
HANCOCK: FROM BLACK TO RED
For the first quarter there was a net loss of $3.3 million
($0.18/diluted share), compared with net earnings of $0.8 million
($.04) a year ago. A higher LIFO charge caused a negative swing in
the after-tax earnings comparison of $.04. Sales decreased 6.9% to
$97.8 million and same-store sales also declined 6.9%.
CEO Jane Aggers stated, "Assortments in our core businesses
of home decorating, quilting, and apparel fabrics were not complete
in the spring, nor were they merchandised effectively. These areas
are being addressed as part of the development of an overall plan
that will involve new/expanded merchandise lines, changes to the
advertising strategy, and enhancements to store presentation....
"The balance sheet remains strong, with $41 million of debt, or
25% of total capitalization.
"As we move forward over the next few months," Aggers
added, "our stores will go through a transition that will
involve, among other things, enhancements to several lines of
fabric, notions and sewing machines, the re-merchandising of certain
areas of the store to accommodate customer shopping preferences, and
the use of newspaper advertising inserts for the first time."
APRIL SALES: BETTER THAN
EXPECTED, FOR SOME
Economists were pleasantly surprised by the April sales figures
released by the nation's chain stores. While Wal-Mart's and Target's
figures were disappointing, high-end department stores and most
chains devoted to teenagers had substantial gains.
"The results were uneven, but there were clear pockets of
strength," Michael P. Niemira, chief economist at the
International Council of Shopping Centers, told the Associated
Press. (One pocket of strength appeared to be craft stores.)
However, Retail Forward's Future Spending Index indicates
consumers are ready to slow the pace in May. The index declined from
103.9 in April--the best showing in three months--to 96.6 in May,
reported Retail Merchandiser.
As always, however, results were clouded by Easter. Because of
the annual change in its date, March and April results compared to
the previous year can provide false positive or negative results.
Michaels. Sales for the first quarter rose 13.1% to $821.0
million, and same-store sales increased 7.8%, thanks to a 2.2%
increase in average ticket, a 4.9% increase in transactions, and a
0.7% increase in custom frame deliveries.
A pleased CEO/President Michael Rouleau said, "Higher
inventory in-stock levels in our stores, strength in yarn sales,
improved results from promotional activities, and continued
improvements in store merchandising execution all contributed to our
excellent same-store sales results. Our best performing geographic
regions were our Pacific, Southeast, and Northern zones, and our
best departmental performances came in our Yarn, Paper-crafting,
General Crafts, Wedding & Ribbon, and Kids Crafts
categories."
Execs expect first quarter diluted earnings/share to be near the
high end of their previous guidance of $0.27-$0.29; that would be a
29%-38% increase over last year.
Jo-Ann's. Sales rose 8.0% to $131.5 million and same-store
sales increased 4.1%. For the quarter, sales increased 3.9% to
$420.7 and same-store sales rose 0.6%.
Wal-Mart. Sales in U.S. stores rose 6.1% to $14.82
billion, but same-stores sales rose only 0.9%, the lowest monthly
same-store increase in recent memory. Execs said sales of food were
stronger than sales of general merchandise sales; average ticket
sales were up but in-store traffic was down. (A result of higher gas
prices?)
Hancock. Overall sales declined 2.7% to $28.5 million and
same-store sales were down 2.7%. For the first quarter, total sales
slipped 4.2% to $97.7 million and same-store sales slid 6.9%.
Because of a calendar change the quarter had one less day than last
year, which affected sales by $700,000.
Others. Costco, +7.0% ... Walgreen, +5.3% ... Dollar
General, +5.2% ... CVS, +5.2% ... Sam's Club, 4.9% ... Big Lots,
+4.4% ... J. C. Penney, +3.6% ... Target, +1.3% ... Family Dollar,
+0.9% ... Rite Aid, -1.9% ... Duckwall-ALCO, -3.4%.
LAMANCUSA JOINS JO-ANN'S
Jo-Ann's hired trend expert Kathy Lamancusa as Marketing
Manager of Content and Education Development. Kathy is a long-time
columnist for Craftrends and conducted the Generic Product
Workshop at the HIA (now CHA) show for 14 years. She will
develop trend-related educational classes and demonstration events
for Creative University and Kids Camp. She and her
team will also develop content for project sheets, Jo-Ann
magazine, and the Internet.
More than 3 million copies of Kathy's books are in print. She has
written hundreds of articles for trade and consumer magazines and
appeared on numerous television and radio programs, including Oprah.
Her PBS series, At Home With Flowers, was broadcast
throughout the country and her email newsletters, Trend Talk
and Inspirations, were read by thousands.
TALKING ABOUT WAL-MART
(Note: The following was emailed to CLN after
various phone conversations and emails from the author. We're
publishing this out of professional courtesy and because we've
concluded he is not pro- or anti-Wal-Mart.)
Have you done business with Wal-Mart? And how has doing business
with Wal-Mart shaped your business? For a book about Wal-Mart, an
award-winning national journalist wants to speak with business
people who have worked with Wal-Mart, particularly those who have
worked for companies that are Wal-Mart suppliers. Charles Fishman, a
senior writer for Fast Company magazine, is writing a book
about Wal-Mart's impact on business in the U.S. If you've had
experience doing business with Wal-Mart, and can talk about how that
experience affected the company you worked for and its products,
feel free to contact Mr. Fishman. He'll be happy to provide more
information on his book, which is to be published in spring 2006 by
Penguin.
Confidentiality is assured. Email: cnfish@mindspring.com
or walmartbook@mindspring.com.
EMAIL: WHY RETAILERS SHOULD
BAN TOGETHER
Here's something I discovered recently when grocery shopping at Costco:
A well known manufacturer is selling her complete
"Collection" as a full kit containing 250+ scrapbooking
components, including 16 or so papers, at least 4 pages of full-size
cardstock stickers, alphabet rub-ons and stickers, and rub-on images
in an attractive package at Costco for a mere $20 Canadian or $16
U.S.. These are the exact same items that retailers are currently
trying to sell individually in their stores for double or triple
that price.
This will destroy businesses in the retail and manufacturing end
of this business. Retailers need to ban together to boycott
companies that are basically destroying them before it's too late.
As a manufacturer, we do not have the opportunity to impact sales
for a company that is dealing with the industry like this. Retailers
need to wake up and react. – Name Withheld
EMAIL: VENDORS ACT WITH A
"TWO-EDGED SWORD"
(Note: The following is in response to CLN's report
that Primedia, publisher of Creating Keepsakes and
other industry magazines, had pulled the plug on a new venture, Coterie
Scrapbooking, which would have sold scrapbook and paper-craft
kits and publications. CLN received this note before Primedia
announced new licensing deals – see article above.)
This is good news and shows the strength of the vendor community.
However the vendors act and speak with a double-edged sword. They
hated that the magazine was in competition with them (the
advertisers) by selling kits and supplies direct to consumers, yet
we must ask, are these very same scrapbook vendors who are selling
direct to consumers on their web sites? Aren't they competing with
their retail customers? Wake up manufacturers! – Name Withheld
RANDOM NOTES, RANDOM THOUGHTS
1. When Dave Ladd called to tell me about the minor
explosion at Walnut Hollow in Wisconsin, we talked about the
explosion/fire he had about 20 years ago and Dave reminded me with
the following story of how wonderful the industry was to him back
then:
Dave's friend, the late Jim Mulvey, founder and president of Houston
Art, immediately called Dave from Texas and declared, "I'm
sending you money!" Dave answered, "I don't need
money." And Jim replied, "Well, I'm sending you money
anyway!"
2. Talk about an amazing coincidence: Beth Mauro, the fine
writer for CNA, emailed me saying she was working on a story about
the importance of businesses protecting themselves against
disasters, and did I remember any businesses hurt by fires, floods,
etc.
I told her about the Walnut Hollow fire 20 years ago –
almost to the minute this recent explosion happened. Fortunately,
this time it did not turn into a fire.
3. The question of "markdown money" has hit the
national media after Saks fired some key execs and promised to
return some $20 million to vendors. The affair is also being
investigated by the Attorney General's office. (Markdown money is a
what suppliers pay retailers to compensate stores when merchandise
doesn't sell and has to go on sale, or be "marked down.")
Meanwhile, some vendors are taking their retail customers to
court claiming retailers are taking excessive "chargebacks,"
reported the New York Times. Chargebacks are deductions
retailers take for deliveries that were late or did not adhere to
the retailers' sometimes elaborate shipping guidelines. In a suit
filed last November against McRae's and Parisian, two large chains
owned by Saks, the Times reported the stores took nearly
$176,016 in deductions on $200,000 worth of products. There have
been more than two dozen lawsuits against retailers, mostly
department stores, in the past few years, the Times reported.
This practice is becoming more common in our industry, but
apparently is also being scrutinized more closely by law enforcement
agencies.
4. Questions: A recent posting on a Two Peas message
board details how a scrapbooker returning from Britain had her tools
confiscated from her checked luggage. Is this a one-time goof
by security officials, or is it becoming standard practice? And what
is the latest about passengers being allowed to carry on knitting
needles?
NEWS: PEOPLE &
ASSOCIATIONS
SEWING. CLN has learned that the Home Sewing
Assn. and Pat Kobishyn, sponsor of the Int. Textiles Expos,
are in negotiations to solve the problem of four national sewing
trade shows (two in the spring and two in the fall). An announcement
is expected soon.
PEOPLE. Margot Fraisl was named Regional Sales Manager for
the upper Illinois territory for Gerson Int. ... Chuck
Sabosik was named Director, Business Development for Loew-Cornell.
Chuck was President of Westwater and has worked for Blumenthal/Lansing,
Wm E. Wright, and EZ Int. ... Teresa Collins resigned
from Rusty Pickle ... Search Press USA named Erin
Sieck, Sales and Marketing Assistant ... Garden Ridge named
Mary McNabb as CEO. She was most recently Exec VP of Merchandising
& Marketing at Factory 2-U Stores ... James Austin resigned as
Exec VP/COO for Hancock Fabrics. Merchandising, marketing,
and store operations departments now report to CEO Jane Aggers.
PEOPLE. Vincent Donofrio joined Chroma as General
Manager-Arts-USA. Vince worked in sales/marketing management with Koh-I-Noor,
Faber-Castell, and Staedtler. Dana Rollins also joined
Chroma as Network Coordinator-Fine Art & Education ... Sandra
Ghezzi is the VP of Marketing, Member Services & Education for CHA.
Her start date is May 31.
HOBBIES. The merger of MRIA, RCHTA, and IMMA into the Hobby
Manufacturers Assn. is complete and Pat Koziol is the Exec
Director. Pat was RCHTA's exec director and before than served as
HIA's (now CHA) exec director. For more, call 973-283-9088 or email pat.koziol@plsi.com
or pat@ihobbyexpo.com.
CHA. Is looking for nominees to be considered by the
Nominating Committee to serve three-year terms on the board of
directors. An online submission form at www.craftandhobby.org/nominations2006.html
is available for members to submit names. The deadline is Aug. 5.
First, make certain your nominee is willing to serve. Retailer Jane
Marski (Hannah's Home Accents) is the Chair... CHA's website,
www.craftandhobby.org,
enables members to contact CHA leaders directly. Click on Members
Only, then "Ask the Membership Linkage Committee," then
"Have a Question."
CONSUMERS SHOWS. The Summer FiberArts Market (July
21-24, in Oakland) will feature 65+ booths of retailers and 90+
knitting and crochet classes. To see the exhibitor list, visit www.e-offinger.net/fiber/exhlistsummer.cfm.
For more info or to register online, visit www.fiberartsmarket.com/summer/attendee.shtm
or email fiberarts@offinger.com.
MISCELLANEOUS NEWS
ACQUISITION. Loew-Cornell acquired selected assets of the
craft business of Innovo, including the marketing, sale, and
distribution of fashion accessories such as canvas and vinyl totes,
aprons, etc., to the craft and novelty markets. Details of the
transaction were not disclosed. Loew-Cornell is a subsidiary of
Jarden Corp. (NYSE: JAH). For more, email loew-cornell@loew-cornell.com
or visit www.loew-cornell.com.
ACQUISITION. The investment firm Advent Int. acquired
Making Memories from Peterson Partners for an undisclosed
sum. Management retains a "significant" ownership stake.
INTERNATIONAL. Progresso Hudtelfa in Brazil, the
manufacturer of Ribband, opened a sales office in Europe and
wondered if any industry company wishing to expand in Europe would
be interested in a a joint venture (where there is no conflict of
interest by product) to share the office and its operational
expenses. It is in the Dutch-speaking region of Belgium, between the
Brussels airport and the seaport of Ghent, in the center of Europe.
They will take care any language or packaging issues. For more info,
call contact Rudy Heukels at 908-684-1998, fax 908-684-1112, or
email rh99int@aol.com.
WOOD. There were no injuries from an explosion in the
sawdust-collection area of Walnut Hollow, and production;
shipping, and sales were NOT affected, says CEO Dave Ladd.
FLORALS. FloraCraft was profiled by the National Assn.
of Manufacturers. An excerpt: "Founded in 1946 as the
Foliage Company of America, the company harvested oak leaves and
beach grasses from the shores of Lake Michigan, then dried,
preserved, and dyed them for sale to florists. About that time,
NAM-member Dow Chemical Co., while trying to develop an insulation
material, accidentally created Styrofoam brand plastic foam. The
multiple uses of Styrofoam have made the product a craft store
staple ever since.... Today, FloraCraft remains a family-owned
manufacturer and is now the world’s largest fabricator of
Styrofoam for the floral and craft market."
PAINTING. The annual Society of Decorative Painters Conference/Expo
which starts today in Tampa will have 266 exhibitor booths and 248
classes/special events. Organizers expect attendance of about 3,500.
STOCK. Michaels recently hit a 52-week high to $38.28
after Lehman Brothers raised its recommendation to Overweight from
Equal Weight ... Stephens Inc. upgraded A.C. Moore
from Equal Weight to Overweight ... ... Michaels
repurchased an additional 1,474,200 shares of the company's common
stock since the end of fiscal 2004.
NEW COMPANY. Around The Block is a paper crafts and home-dec
supplier led by owners Jennifer Straus and Guinevere Wessell.
Products lines will include the patent-pending Roll-On Transfers,
Classy Scrapbook Satchels, and Scroll Greetings that turn a card
into a home dec keepsake. Look for an ad campaign soon and see the
exhibit at the CHA summer show. Visit www.aroundtheblockproducts.com,
call 801-529-2577, or email aroundtheblockproducts@comcast.net.
LOOKING TO HIRE. Walnut Hollow is looking for a Key
Accounts Manager. Work out of Dodgeville, WI with 50% travel. Send
resume/salary requirements in confidence to: Human Resources
Manager, Walnut Hollow, 1409 State Rd. 23, Dodgeville, WI 53533 or
email myersb@walnuthollow.com.
LOOKING TO HIRE. A Marketing Communications Manager,
responsible for the copywriting of all collateral material (ads,
direct response, Internet, etc.) Retail and consumer marketing
experiences desired, preferably in home dec, art, craft,
scrapbooking, etc. ... A picture framing/molding client is looking
for sales reps for Manhattan and the VA/MD/Washington DC areas ...
Also a General Manager with a regional sales manager background to
be located in Los Angeles. For more, contact Dionne Jordan-Heard in
confidence. Call 404-321-6735 or email djheard@wetherbypartners.com.
CONTEST. Delta is continuing its annual Delta Painting
Challenge. The 2005 version offers $1,000 prices for winners in
the Spirituality/Inspiration, Nature, and Fabulously Feminine
categories. Winning projects will be featured in Delta consumer ads;
displayed at trade shows, and used as the basis for free pattern
packet offered to consumers. The deadline is Sept. 30. For info,
visit www.deltacrafts.com/2005-DPC.asp.
CHARITY. Duncan Ent. recently donated $5,000+ to the
American Cancer Society for local breast cancer services from the
sales of the Tulip Awareness Ribbon Stamp Kit. CEO/President Larry
Duncan said "This donation is a tribute to the many employees
at Duncan Ent. who have been affected by cancer, either as cancer
survivors or as a support system for family and friends who have
battled cancer."
LAWSUIT. The Daylight Co., a manufacturer of natural
"daylight" lamps and magnifiers, has successfully defended
its intellectual property as a result of instigating a lawsuit to
protect three of its patented lamp designs. The case was recently
settled by confidential agreement. Founder Patrick Jacquelin said,
"The Company will continue to forcibly defend its unique
designs against any and all forms of infringement."
GARDEN RIDGE. Emerged from bankruptcy with a plan that
provides for the distribution of preferred stock to general
unsecured creditors and cash distributions to convenience creditors
and qualified reclamation creditors.
NEWS: MEDIA
AUTHORS. Writer’s Digest named the "Tera’s
Wish" website by author/designer Tera Leigh as one of the
"101 Best Web Sites for Writers." The site "provides
articles, tips and exercises to help you find your own creative
path," said the magazine. Visit www.teraswish.com.
MAGAZINES. More women are taking up woodworking, so Dynamic
Resource Group is offering Woodworking for Women magazine
and books such as 101 Ways to Finish Wood ... Watch for a new
magazine, Future Network USA's Scrapbook Answers,
which will appear on newsstands in August. Many more details later.
Future publishes Maximum PC and Mac Addict and
promises "a distinct digital flavor to the editorial
content" of Scrapbook Answers.
MAGAZINES. The June edition of Ladies Home Journal has
an article, "Scrapbooking with the Stars" featuring a
scrap party hosted by Leeza Gibbons with ER star Laura Innes,
The West Wing's Allison Janney, Desperate Housewives'
Felicity Huffman, and Extra host Dayna Devon. It was an
effort to hype Gibbons' new book, Scrapbook Traditions.
INTERNET. ScrapBiz.com launched an online mentor program
for those wishing to start or improve their scrapbook business.
There are specific mentors for home/retail stores, home-party
consultants, product developers, Canada, event organizers, online
stores, and "scrappers for hire." For more info, visit www.ScrapBiz.com
or call Kim Guymon at 425-750-6677.
BOOKS. Jeanette Crews new releases and its new Extreme
Embellishment line can be seen at www.jeanettecrews.com/results.cfm?Subcategory=142.
TV. Last Thursday TNNA's Stitch to WIN Against
Breast Cancer event at the Aladdin Hotel in Las Vegas was
scheduled to be highlighted on NBC TV's daytime reality show, Starting
Over ... Martha Stewart will have a new hour-long daytime
series, Martha, premiering in most markets in September.
PBS. The fifth series of America Quilts creatively
uplinks July 3. Sponsors include Pfaff, Hewlett Packard, Jo-Ann's,
Sulky, Cranston, Rowenta, Sew Artfully Yours, The Warm Co.,
Brandy's, Michell Marketing, and Kandi Corp. The series book is
$15.95. Call 877-881-4179 to order ... The 7th series of Scrapbook Memories uplinks July
17 with PBS stations. Sponsors include Fiskars, Epson, Provo, Die
Cuts with a View, Roy & Langnickel Brush, Generations/Cardinal,
C-Thru Ruler, Paper Pizzazz, Morex, Craft-T, Heidi Grace Designs,
Pioneer, ScrapInsanity.com, Scrap N Cube, and Coldwater Creek. Call
your local PBS station and ask for them. Call Kathie Stull at 800-348-39098
for more info on PBS programs.
BLOGS. To read a funny, sewing- and craft-related entry, visit http://weirdbabe.typepad.com/threadbared.
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 current list of available jobs, click on Jobs in the
left-hand column, or click HERE.
THE CLN RETAIL INDEX
A. C. Moore (ACMR). Last*: 27.41 ... Change**: +1.40
Hancock Fabrics (HKF). Last*: 5.76 ... Change**: -0.16
Jo-Ann Stores (JAS). Last*: 24.81 ... Change**: -0.49
Michaels (MIK). Last*: 38.75 ... Change**: +5.55
Wal-Mart (WMT). Last*: 47.18 ... Change**: +0.04
CLN Retail Index. Last*: 143.91 ... Change**: +4.6%
Dow Jones Index. Last*: 10,471.91 ... Change**: +2.7%
*May 20 ** from April 29 Prices are exclusive of dividends
AVOIDING NEW FORMS OF IDENTITY
THEFT
1. Watch out for "phishers" – emails disguised
as official messages from companies with whom you do business; they
ask you to submit sensitive personal infor with the intent to steal
your identity. Never send info such as your password, credit card
number, social security #, secret word, or PIN in an email. Never
click directly on links in an email that requests sensitive info,
even if you recognize and trust the address. These links can
redirect you to a fake – though very real looking – site.
Instead, always type the web address directly into your browser's
address bar.
2. Gail Czech of The Creative Network sent an
article from Security Focus News on a new form of identity theft:
posting your resume to online resume services. Crooks posing as
employers can request additional information and go from there.
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.
2. If you want a hard-copy of this issue, click on
"Printer Friendly version".
3. If your company is a paid subscriber, everyone in the main
office is welcome to register, free. Just click on "Work for a
paid subscriber? Click here to register."
4. If you want to recommend CLN to a friend, use the
"Tell Your Friends" box on the home page.
5. Creative Leisure News is published the first and
third Mondays of each month. Your next issue will be Monday, June 6.