COMMENTARY: A SOLUTION
FOR U.S. VENDORS?
Vendors are being pressured as never before on price which makes
it particularly hard for U.S. vendors. Asia has a workforce willing
to work for less, the air pollution and workplace safety regulations
are far less costly, and China doesn't float its currency. That adds
up to a huge price advantage. So what's a U.S. vendor to do?
This won't solve every vendor's problem, but recently I toured
the facilities of two U.S. companies who did not complain about
foreign competition. Having a relatively unique product or service
helps, but another big advantage is technology. I saw numerous
machines that greatly increased the productivity of the employees.
No doubt the machines were expensive, but apparently were well worth
the investment.
NEW COLUMNS THIS ISSUE
Kate's
Collage. Pt. II of CLN's interview with
Karen Ancona, who was Editor of CNA magazine for 20+ years.
Karen describes what's changed about the industry – and what
hasn't. She explains why "We cannot ... run companies for
stockholders only or look for the one item that will last forever
...."
Scene &
Heard. The indie/DIY (underground) craft
movement is holding its first "Congress" later this month.
Read – and learn – about this growing movement that provides
important challenges and opportunities for our industry..
Thought
Leader. Trend guru Kathy Lamancusa reports on the
latest styles, colors, and designs that are influencing our culture,
and therefore our business.
Note: If a column appears to be "old," click the
"Refresh" or "Reload" button on your browser.
TAKE THE CLN POLL: NEEDLEWORK, PAINTING, KIDS
Don't put away your crystal ball just yet. In the last issue we
asked you to predict sales in scrapbooking, yarn, and beads (the
results are below). This time we'd like you to predict sales for
cross stitch and needlepoint, painting, and kids crafts. To vote,
click on Industry Polls in the right-hand column or click HERE.
CLN
POLL: BEADS, YARN UP, SCRAPBOOKING
FLAT
CLN subscribers peered into their crystal balls and predicted
that beads will show solid growth in 2007. Yarn will grow, too, but
scrapbooking will be relatively flat.
Almost three fourths of the CLN voters in this
unscientific poll predicted bead sales to increase; 4.6% expect the
increase to be substantial and 62.8% predict a moderate increase. a
fifth, 20.9%, think sales will level off, and 7.% think sales will
decline. No one voted for sales to decline substantially.
Voters were less optimistic about yarn; 4.6% expect substantial
increases and 18.2% predicted moderate increases. Almost 40% (38.6%)
think yarn sales have leveled off, while 34.1% predict a moderate
decrease; 4.6% thought the decline would be major.
Only 17.0% thought scrapbook sales would have a moderate increase
in 2007, and no one thought the increase would be substantial. Flat
sales were predicted by 42.6%, and 38.3% expect a moderate decline;
2.1% thought the decline would be substantial.
JO-ANN'S TURNS AROUND IN THE FOURTH QUARTER
Net earnings for the fourth quarter ended Feb. 3 were $25.8
million ($1.05/ diluted share), compared with a net loss of $18.0
million (-$0.78) a year ago.
Fiscal 2007 included 53 weeks compared to 52 weeks a year ago,
with the additional week in the fourth quarter. Last year's
fourth-quarter results included a charge of $27.1 million for
goodwill impairment.
Sales decreased 0.5% to $600.8 million; on a comparable 13-week
basis, same-store sales decreased 6.0%. The company said the
decrease was impacted by planned reductions of holiday inventory and
less clearance merchandise in the stores.
Gross margins for the quarter increased to 45.0% from 41.9% due
to a less promotional pricing strategy, better sell-through on
seasonal goods, and reduced sales of clearance inventory. Selling,
general, and administrative expenses decreased to 35.9% of net
sales, from 36.1%. Operating profit was $42.3 million compared to a
loss of $8.9 million a year ago.
Chair/President/CEO Darrell Webb said, "... While our
actions have resulted in a decline in same-store sales, we were able
to realize significant gross margin improvement in the fourth
quarter .... Our strategic plan is gaining traction...."
Net loss for the fiscal year was $1.9 million (-$0.08/diluted
share), compared with a net loss of $23.0 million (-$1.01) in fiscal
2006. Sales decreased 1.7% to $1.851 billion. On a comparable
52-week basis, same-store sales decreased 5.9%.
During the year the company opened 21 superstores and five
traditional stores, and closed 61 traditional stores and two
superstores. The year-end store count was 628 traditional stores and
173 superstores.
This year the company anticipates opening six new stores,
remodeling 25, and closing approximately 20 stores; same-store sales
to move from negative to positive; and gross margins to improve.
Selling, general, and administrative expenses as a percentage of
sales are expected to remain flat, and capital spending will
increase from $32 million to $38 million.
Jo-Ann expects fiscal 2008 earnings of $0.55-$0.65. MarketWatch
reports analysts are forecasting a per-share profit of $0.30.
WALL STREET COMMENTS ON JO-ANN'S NUMBERS
Analysts had expected fourth-quarter earnings of $0.98/share,
MarketWatch reported. That's $.07 less than the actual figure of
$1.05. As a result, Jo-Ann's stock rose 10% in after-hours trading
after the results were announced, and $4+ (17%) the next day to hit
a new 52-week high..
"Jo-Ann management projected earnings to be approximately
double what the three analysts who cover the company had
forecasted," wrote Toby Shute of The Motley Fool. "That
forward guidance is what left investors all googly-eyed."
In a note to clients, Laura Richardson of BB&T Capital
Markets wrote, "Management deserves credit ... for gross margin
gains it has achieved and for returning to positive comps faster
than we expected, while the environment for crafts and fabrics
remains modest."
MICHAELS' FISCAL YEAR, FOURTH QUARTER RESULTS
For the fiscal year, income before cumulative effect of
accounting change was $41.2 million, a decrease of $178.3 million.
Sales increased 5.1% to $3.865 billion. New store growth, net of
store closures, contributed approximately $124.3 million of the
increase, with sales in the 53rd week of fiscal 2006 contributing an
additional $58.7 million.
Same-store sales rose 0.3% on a 2.3% decrease in transactions, a
2.5% increase in average ticket, and a 0.1% increase in custom frame
deliveries. The decline in yarn revenue hurt same-store sales by
approximately 1.4%, but a favorable Canadian currency translation
added approximately 0.3% to the average ticket increase. Top
departments were General Crafts (led by Jewelry & Beads),
Impulse, Framing, and Apparel Crafts.
The gross margin rate increased from 37.0% to 38.4%, thanks to
stronger sales of regular-price merchandise, improved sourcing,
stronger seasonal sell-through, and better shrink results.
Net income for the fourth quarter decreased $184.9 million –
primarily due to the merger-related expenses – from $117.3 million
in fiscal 2005 to a net loss of $67.6 million.
Sales for the quarter rose 7.7% to $1.368 billion. (Fiscal 2006
was a 53-week year and sales for the additional week contributed
$58.7 million in sales for the quarter.) Same-store sales for the
comparable 13-week period increased 0.8% on a 2.0% increase in
average ticket, a 1.7% decrease in transactions, and a 0.5% increase
in custom frame deliveries.
The company said the decline in yarn sales adversely impacted the
fourth quarter same-store sales by approximately 1.9%. A favorable
Canadian currency translation added approximately 0.1% to the
average ticket increase. Top departments were Framing, Impulse,
General Crafts (primarily Jewelry and Beads), and Seasonal.
The gross margin rate increased from 37.2% to 41.7%, due
primarily to ongoing product sourcing initiatives, improved seasonal
sell-through, and enhancements to pricing and promotion execution.
The shrink rate was down, but occupancy costs were up. Selling,
general, and administrative expenses increased $243.1 million to
$528.2 million, or as a percent of sales to 38.6% from 22.4%. The
increase was primarily due to $217.3 million of merger-related
expenses – share-based compensation, investment banking, legal,
accounting, and other professional fees. That cut operating income
as a percent of sales from 14.7% to 3.1%.
During the year, Michaels opened 43 new stores, relocated 7,
remodeled 67 stores, and closed eight. It also opened one and closed
one Aaron Brothers store. The current store count: 921 Michaels
stores, 167 Aaron Brothers stores, 11 Recollections stores, and four
Star Wholesale operations.
IS WAL-MART CHANGING ITS MIND, AGAIN?
As CLN has reported, the original plan to cut bolt fabric
from its new and remodeled stores and merge the craft/notions
department into party goods has created numerous unhappy customers.
The Houston Chronicle recently profiled Doreen Taft, a
63-year-old grandmother who has been a one-woman picket line at a
Wal-Mart in Seguin, TX, a town with no other fabric stores.
Taft has collected 3,000+ signatures on a petition. Meanwhile an
online petition (www.petitiononline.com/mod_perl/signed.cgi?savefab)
had 25,000+ signatures as of Feb. 26.
Stock analyst Laura Richardson of BB&T Capital Markets wrote,
"Now we think Wal-Mart is re-evaluating the plan's pace in the
face of customer opposition and it appears to have backed down from
eliminating fabric in some stores due to customer complaints (we
confirmed this with a Wal-Mart store in Hanover, PA that we read
about online). At this point, we can't put a number of stores on the
Wal-Mart fabric pullback, other than to say it will affect new and
remodeled stores and an unspecified number of other stores over the
next several years. Long term we continue to think the economics of
selling fabric will remain unappealing to Wal-Mart, and that its
commitment to the fabric business will decrease over time: the pace
and extent are the only remaining questions."
Mark Alpert, marketing professor at the U. of Texas' McCombs
School of Business told the Chronicle, "In an open
market, if Wal-Mart exits, then somebody else ought to be able to
come in and take care of it. In a way, there's an irony here. The
same people who criticize Wal-Mart for driving out small business
are now saying, 'Darn it, now you've got to keep providing this
stuff.' It's actually an opportunity for small business."
FIGHTING BACK AGAINST WAL-MART
(Note: The following is published verbatim from a blog. To
CLN's knowledge it is not true that Wal-Mart is doing away
with crafts, but rather shrinking the department and merging it with
party goods to create a "celebrations" department.)
"Help stop Wal-Mart! Wal-Mart is doing away with it’s
crafts department. Their plans for the remodeling of their old
stores plus their plans for their new stores include this new
change. All of fabrics and most of the yarn, thread ,beads, and
other craft materials will be gone. Wal-Mart was the only remaining
store where one could get anything having to do with arts and crafts
that looked good and was not exspensive. If you want to help stop
this from happening call this 800 number. (1-800-walmart.) Do not
talk to customer service because it will go no further. Talk to a
Manager or an Assistant Manager. Call your local Wal-mart and get
the Home Office’s mailing address and E-Mail address. Get other
people to help with this. Get a petition going. Flood all their
mailboxes with protests. Even if this travesty has already been done
at your Wal-Mart, it can still be brought back. So, do not give up
hope and stop."
INTERESTING READING: FORBES' BILLIONAIRE LIST
David Green, Founder and CEO of Hobby Lobby, made Forbes'
annual billionaire list again this year. Forbes ranked Green
#664 and estimated his net worth at $1.5 billion. Green, 65,
launched the first Hobby Lobby in Oklahoma City in 1970 with a $600
loan. Now Green has 390 stores and other businesses.
Another member of Forbes' list is Sam Wyly, the former
Vice Chair of the Michaels board until the company was sold
last year. A major supporter of President Bush's political
campaigns, Wyly's net worth was estimated to be $1.1 billion. Wyly
is being investigated for using illegal offshore tax shelters to buy
luxury items, Forbes reported.
The richest industry-related member of the list was Stephen
Schwarzman, co-founder of The Blackstone Group, now part
owner of Michaels. His net worth was estimated at $3.5 billion. He
co-founded The Blackstone Group in 1985 with $400,000; since then
they have invested in 100+ companies with a total enterprise value
of $160 billion, Forbes reported.
HANCOCK FINANCIAL NEWS
Bruce Smith, Hancock's CFO and Exec VP, resigned effective Mar.
30 to accept a position with another company. In the interim,
Corporate Revitalization Partners will serve as financial advisors
to the company, with Larry Fair, VP-Finance, assuming the role of
Chief Accounting Officer. CRP is a national consulting firm, focused
on providing interim management solutions with operational,
financial, and other advisory services. CRP has been providing
advisory services to Hancock since December 2006.
Also, Hancock was removed from Standard & Poor's SmallCap 600
index.
In a note to clients, BB&T Capital Markets analyst Laura
Richardson wrote, "We now project that Hancock's tangible book
value will drop from $4.12 at FYE'05 to $2.51 at FYE'06. We also see
Hancock's debt to total capital increasing from 39% to about 60%
over the same period, which will likely necessitate additional
borrowing by Hancock to maintain liquidity in FY'07."
Richardson is maintaining her "hold" recommendation and
added, "We also continue to think consumer interest in sewing
is solid."
EMAIL REPORT: SEWING/QUILT SHOW
Received from Pam Smart, who attended the recent Original
Sewing & Quilt Expo in Atlanta:
Wow! I got there at 10 am – the parking lot of the civic center
was nearly full. I know at least one of the local hotels was sold
out. There were sooo many people. They even took most of the men’s
bathrooms and converted them to women’s (signage indicated there
was one men’s at the back of the hall). Food was sold out of the
concession stands and people were buying, buying, buying! It is
mainly quilt, machine embroidery, and higher-end sewing, but even a
crafter like me found much to buy.
They had needlework (knitting, crochet, punch needle, felting,
brazilian) as well as spinning/weaving. I was able to purchase lots
of fibers for jewelry making along with beads, buttons, and such.
Ribbon, trims by the yard or package was a hot seller also. Bo-Nash
was there with its bonding powder (I am a huge fan of this stuff),
and there were irons and sewing machines galore.
I could tell most people were there for classes because there
were lines outside of classrooms that snaked around hallways. The
fee to enter the exhibit hall only was steep ($10) but I believe was
included if you took classes ($19 each). Classes ran for 4 days, the
show floor only three. I would love to know how fabric stores are
having problems when there are this many women (people) eager to
learn and buy….
(Note: The next Original Sewing & Quilt Expo will
be in Cleveland Mar. 29-31. For info and the complete schedule of Expos,
visit www.sewingexpo.com.)
WANT TO RUN FOR THE CHA BOARD?
The Craft & Hobby Assn. Nominating Committee is
accepting nominations for candidates for the 2008 Board of
Directors. CHA members can nominate a CHA member (or themselves) as
a candidate for the board for a three-year term beginning in
January.
The Committee consists of three board members – Chair Mike
McCooey (Plaid); Bob Ferguson (Ferguson Merchandising/Ben
Franklin Crafts); and Maureen Ruth (Creative Marketing
Solutions), plus three people elected by the membership –
Georganne Bender (Kizer & Bender); Barbara Woolley (Creations
By Barbara); and Julianna Hudgins (Julianna Productions).
Members can download the nomination form by visiting the
"Members Only" section of www.craftandhobby.org,
calling the CHA membership dept. at 201-794-1133, or emailing memberservices@craftandhobby.org.
Nominations must be received by June 15.
RANDOM NOTES, RANDOM THOUGHTS
1. A number of industry businesses, CLN included,
send out blast emails. Problem is, not everyone receives the
messages. Spam filters may think your important message is junk and
not allow it through, especially if you're sending the same blast
email to more than one person using a particular server. As the
sender, there isn't much you can do about it, other than make sure
you always include certain key words (e.g., TNNA, Creative Leisure
News Newsbrief) in your subject line. Then it's up to the recipient
to adjust his/her spam filter to allow emails with those key words
to make it to their computers.
2. CHA's Nominating Committee is accepting
nominations for members to serve on the board of directors. I
strongly recommend serving on the board. I served two terms (six
years) on the old HIA board, then was on the ACCI board when ACCI
and HIA. My second term expires this year, so one of you will
replace me.
I strongly recommend serving on the CHA board, or any trade
association board for that matter. It's intellectually stimulating,
but not terribly time consuming; you make great friends, and you
learn far more about the industry than you would by sitting in your
office.
MISCELLANEOUS NEWS: MEDIA, PRODUCTS, AND SHOWS
ANNIVERSARY. Congrats to Plaid on the 40th
anniversary of Mod Podge, surely one of the most ubiquitous
products in the history of the industry and a primary factor in
decoupage becoming the hot trend of its day. To read about the
history, visit www.plaidonline.com/articleDetail.asp?entry=article&articleID=355
BEADS. The Bead&Button show in Milwaukee, June
3-10, features 480 classes and 360 vendors. More than 14,000 are
expected and hotels are selling out. Visit www.beadandbuttonshow.com
... The sixth series of Beads Baubles and Jewels premiers.
It's produced by KS Productions and sponsored in part by
Kalmbach Publishing, Bead Style and Bead & Button magazines,
Fire Mountain Gems, Beadalon, Pre Allure "Crystal
Innovations", and American Art Clay.
BOOKS. Flower Confidential, by Amy Stewart
(published by Algonquin), a fascinating, insider look at the floral
industry ... To better understand the underground craft movement,
read The Crafter Culture Handbook by Amy Spencer (published
by Marion Boyars). Amazon says, "This fun, new manual explores
the crafting movement that is sweeping the globe, with a series of
creative projects for all wannabe crafters. It contains designs by
well-known crafters, including the people behind Subversive
Stitching, microRevolt, Bazaar Bizarre, Cast Off, Thready Made,
Craftivism, the Renegade Craft Fair, Church of Craft, and Made by
Milla.... Crafters are aware of the impact of their actions and
create as part of a radical form of political protest. Through
interviews with those involved, [Spencer] explores these simple acts
and their impact."
YARN. Lion Brand Yarn released the list of the 10 patterns
most often downloaded from the www.lionbrand.com
website in February: a scarf, three dog sweaters, a baby blanket,
men's slippers, an afghan, a prayer shawl, a throw – and the
pattern modeled after the poncho Martha Stewart wore when she was
released from prison. Two years later it was still #4.
MEDIA. Interweave Press named Eunny Jang Editor of Interweave
Knits, replacing Pam Allen who resigned to pursue other
interests in the needlecraft industry. The subscriber base for Interweave
Knits, celebrating its 10th anniversary, has grown 25+% percent
in the last year. Jang is the author of the blog, See Eunny Knit (www.eunnyjang.com),
which averages 10,000 visitors per day ... Legacy magazine,
published by Stampington & Co., is changing its name to Somerset
Memories beginning with the Apr./May issue.
PAINTING. Gary Spetz's Painting Wild Places! with
Watercolors, will be added to the CREATE-TV channel in June,
joining Donna Dewberry and the late Bob Ross on CREATE, a 24/7
digital cable channel which airs PBS's how-to and lifestyle
programs. Previous episodes have been funded in part by Arches/Canson,
The Artist's Magazine-Watercolor Magic, Dick Blick Art
Materials, and Da Vinci Paint. For info, visit www.paintingwildplaces.com
... Martin/F. Weber Co. has released a new DVD, How To Draw
Cartoons, by Emmy award-winning Bruce Blitz. Visit www.weberart.com.
SHOWS. The 2008 Creative Painting show will be Jan.
27-Feb. 1 in Las Vegas. Visit www.vegaspaint.com.
PRODUCTS. Plaid's enormous array of product lines are now
in catalogs available at www.plaidonline.com/catalogs
... Hampton Art has a new catalog including the new Doodlebug
Design stamp series.. Visit www.hamptonart.com
... To learn more about the 12 new metallic thread colors by Kreinik,
visit www.kreinik.com.
MISCELLANEOUS NEWS
CLN STOCK INDEX: A.C. Moore: $20.50, up $0.94 ... Hancock:
$1.25, down $1.65 ... Jo-Ann's: $24.31, up $2.67 ... Wal-Mart:
$46.21, down $1.64 ... CLN Index: 92.27, up 0.4% ... Dow Jones:
12,110.41, flat. (Note: Changes in price are since 3/16;
exclusive of dividends.)
FEBRUARY SALES. Cool weather hurt sales of spring apparel
and winter storms in the Midwest and East hurt Valentine's Day
sales. U.S. Wal-Mart stores posted a meager 0.4% increase in
same-store sales, while Target's was 5.7%.Wal-Mart said
traffic was down and its home division, which includes
fabric/crafts, remained weak and probably would remain soft through
the spring. Jo-Ann's, Hancock, and A.C. Moore report
sales on a quarterly, not monthly, basis. Some other same-store
sales figures for February: Saks, +24.7% ... Nordstrom, +9.1% ...
Dollar General, +4.9% ... Costco, +4% ... Federated (Macys), +1.2%
... JC Penney, -0.2% ... Family Dollar, -0.5% ... Gap, -4.0% ...
Pier 1, -8.4% ... Sharper Image, -24.0%.
ROLODEX. Karen Ancona's new info: Call 941-575-8021; email
karenancona@comcast.net.
(Read her interview; click on Kate's Collage in the left-hand column.)
FABRIC. The Winston-Salem Journal profiled Boone
Fabrics, now up to eight stores. The chain specializes in home
dec fabrics and offers in-home design services.
MARTHA. The other day Martha was teaching singer Diana
Ross a paper crafting product on her tv series.
CLOSING. Lu Ann Oliva and David Murphy are closing Arts
and Crafts Distributors in Fayetteville, AR after 28 years in
business. "When the big discounters moved in, we lost a lot of
our business," Oliva told the Fayetteville Observer.
"After about three years of trying to bring our business up, we
finally realized it was time. It was a really hard decision."
NAMTA. Candidates for the two Supplier seats on the board
of directors of the National Art Materials Trade Assn. are Brian
Buell (Logan Graphic Products), Marcello Dworzak (Da Vinci
Paint), Walter Glazer (Speedball Art Products), David
Pyle (F&W Publications), Frank Stapleton (MacPherson’s),
and Paul Straquadine (Tara Materials). Candiates for the one
Retailer seat are John Cummings (Reddi-Arts) and Mark Wiener
(The Art Colony). Winners will be announced during the annual
trade show, Apr. 18-21 in Chicago. For info, and to nominate
candidates for Oustanding Retailer, Supplier, and Manufacturer's
Rep, visit www.namta.org.
AWARDS. Gene Maynard, Jim Caraghar, and Russell Woody will
receive Lifetime Achievement awards at the NAMTA show
next month. Jim Cieslinski of C2F will be inducted into the
NAMTA Hall of Fame.
PEOPLE. Midwest Products named industry veteran Ken
Phillips as Dir. of Sales.
MEETING. Jo-Ann's shareholders meeting will be June 19 in
Twinsburg, OH. Shareholders are invited, although only those of
record at the close of business Apr. 20 can vote.
ENERGY. Michaels has installed an energy management
software system for 655 stores, reported the Dallas Morning News.
The system is expected to cut energy use by 19% and save $5 million
a year.
PRICING. A seminar at the recent Toy Fair gave nine
pricing tips for independent retailers. To read the list, visit www.toydirectory.com/monthly/article.asp?id=2401.
MEMORY. National Scrapbooking Day is May 5. To
download the logo created by the National Scrapbooking Assn. To
download it, visit www.nationalscrapbookingday.com.
DATA. There's more to memories than scrapbooks. A new
study by the Photo Marketing Assn. International reports
sales of "photo novelties" – mugs, key chains, T-shirts,
etc., that can contain a photo – jumped 50% to an estimated $694
million in 2006 and could reach $951 million this year and $1.2
billion in 2008, the Associated Press reported. "The photo
industry is desperately looking for ways to replace the money lost
to lower volumes and lower prices for basic 4-by-6-inch
prints," Alan Bullock, a consumer-imaging analyst at InfoTrends,
told the AP. "There's a whole slew of products out there
generating higher margins than 4-by-6 prints ever did."
CONSUMERS. John Fleming and Stephen Quinn, the new top
merchandising and marketing execs for Wal-Mart, told the New
York Times they identified three Wal-Mart customers: A) "brand
aspirationals" (low income/brand conscious); B) "price-sensitive
affluents" (wealthier shoppers who shop for deals); and C)
"value-price shoppers" (who need low prices).
PROMOTIONS. As part of the National Craft Month celebration,
whose goal is to drive more traffic into our stores, CHA
sponsored a satellite media tour in which spokesperson Terri
Ouelette demonstrated products and trends on tv morning shows
broadcast by stations in Huntsville, AL; Yuma and Phoenix, AZ;
Denver, CO; Gainesville, FL; Sioux City, IA; Boise, ID; Austin and
Minneapolis, MN; Kansas City, MO; Raleigh, NC; Las Vegas, NV;
Eugene, OR; Memphis, TN; Lubbock, TX; Eau Claire, WI; and Cheyenne,
WY.
WAL-MART. May be announcing disappointing sales and
confusion concerning its fabric department, but apparently the board
of directors is happy with CEO Lee Scott. The Associated Press
reported the board awarded Scott a stock bonus worth $22 million for
reaching revenue targets. Scott's salary and bonus for 2006 was
$5.23 million. His total compensation for that year was, excluding
restricted stock awards, was $15.7 million ... The board also
increase in the annual dividend 31% to $0.88/share, to be paid in
quarterly installments.
QUOTATION: (Regarding CLN's proposed code of
ethics) "I find the fact that any human beings have to propose
a code of ethics, unconscionable, regardless of industry. Where are
these people's mothers? The entire code can be written in two words
– spoken to everyone since birth, over and over again: 'Be nice'.
'Nice' people don't have to be told how to act in business or
otherwise. They already know. 'Nice' people don't point fingers,
belittle honesty, or dishonor promises. They don't steal, cheat. or
lie. Good things happen to nice people. Bad things happen to mean
people – Ann Krier, CraftersStudio (Comment: Yes,
but the bad things don't happen to mean people quickly enough! To
read the code of ethics, click on Business-Wise in the left-hand column. To read other
industry reactions to the code, click on "Vinny Da
Vendor.")
THE CREATIVE NETWORK: JOB OPENINGS
To see the latest listings from the only personnel recruitment
firm specializing in our industry, click on Jobs in the left-hand
column or click HERE.
CHOOSING A URL? BE CAREFUL!
All of these are legitimate companies that didn't spend quite
enough time considering how their online names might appear – and
be misread.
1. Who Represents is where you can find the name of the
agent that represents any celebrity. The website is www.whorepresents.com.
2. Experts Exchange is a knowledge base where programmers
can exchange advice and views at www.expertsexchange.com.
3. Looking for a pen? Look no further than Pen Island at www.penisland.net.
4. Need a therapist? Try Therapist Finder at www.therapistfinder.com.
5. There's the Italian Power Generator company, www.powergenitalia.com.
6. Don't forget the Mole Station Native Nursery in New
South Wales: www.molestationnursery.com.
7. If you're looking for IP computer software, there's
always www.ipanywhere.com.
8. The First Cumming Methodist church site is www.cummingfirst.com.
9. The designers at Speed of Art await you at their
website, www.speedofart.com.
REMINDERS
1. If you want a hard-copy of this issue, click on
"Printer Friendly version."
2. 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."
3. If you ever have trouble with your password, click on
"Trouble with your password" in the right-hand column of
the main page. The computer will then email the correct information
to you.
4. Creative Leisure News is published the first and third Mondays of each
month. Your next issue will be Monday, March 19.
xxx