COMMENTARY: HOW MANY
TYPES OF ENTHUSIASTS?
No matter what type of product you're making or selling, it's
important to know the differences among your consumers. It's
unlikely you can appeal to all types all the time, so it's important
to pick your target audience.
In scrapbooking, for example, we may need to add a new word to
our industry dictionary: "artbookers." The term was used
by a Two Peas consumer who had emailed me about my
"Crazy" commentary, and it struck a chord. I asked her
what she meant; she said she couldn't explain it, but knew it when
she saw it.
Then I saw a copy of the Creating Keepsakes Hall of Fame
issue and knew what she meant. This isn't basic scrapbooking, this
is graphic design.
There really are at least two types of consumers in this
category. The "scrapbooker" (often referred to by the
enthusiasts as "Suzy Scrapbooker") just wants a nice
looking page for photos of her family. She'd like to use acid-free,
lignin-free supplies so her albums won't fall apart like her
grandmother's did. She'll do a little journaling, giving the names
of the people in the photos and the date. Contests are not important
or she doesn't think her work is good enough to enter.
Mike Dolan of Scrapbook 911 said, "There might even
be two groups in this silent majority, the stickers and card stock
ones, and the ones who make elaborate pages based on what is
available at the moment. These scrapbookers don't look at brand
names, only at what is available on the shelf. This group accounts
for the vast majority of purchases." The key to their pages are
the photographs, not the "look" of the page.
The "artbooker" is evolving, or already has evolved,
into a graphic artist and this is serious business. She contributes
to message boards, subscribes to the magazines, enters contests (and
raises hell if there's a hint of impropriety), and feels
betrayed/abandoned when the magazines seem to be trying to attract
new, younger consumers. The overall "look" is important.
Mike Dolan defined them this way: "They are often on the
design team or an instructor of a local store, are more likely to
buy supplies and tools online, and are the loud minority." He
suggested the term, "leading-edge scrapbooker."
Another Two Peas contributor described what I was getting at:
"Which group talks to the manufacturers and tells them what
'everyone' wants? Which group 'test drives' new tools and such?
Which group is the one actually driving the industry? Yup. It's us.
WE forced the onslaught of new items 3X a year that we now are
overwhelmed by. WE had to have the newest trends. WE are the ones
who are vocal and are heard. WE caused the divide.
"The manufacturers are scrambling to survive and it's
tough," she added. "They all want to be talked about
online. They want that frenzy over their products. But it's
short-lived and online consumers have moved on to the next great
thing long before the manufacturer has moved enough product to break
even – and the non-online consumers don't 'need' their products
and don't even want them if they're super trendy and artsy. They
don't want a Hambly overlay on their pony ride picture. They want an
EK themed $1.19 sticker. The kind we turn our nose up at. The one
that if Hambly released it, they'd be laughed off the online boards.
So yes, it's US that forces the divide. Most manufacturers just
can't satisfy everyone so they're forced to choose."
I think realizing we have various types of consumers in every
product category can clarify and simplify strategy decisions for
retailers, vendors, and publishers.
NEW COLUMNS THIS ISSUE
Designing
Perspectives. "It is no wonder craft products are
sometimes one or two years behind when compared to the other
merchandise in the consumer's shopping cart."
Memory,
Paper & Stamps. A thoughtful response from a scrapbooker
on what's happened to the industry. "What you are looking at is
a bunch of fed up scrapbookers who are tired of being told that
their hobby is not for them, that it has evolved into something that’s
more sophisticated than they are. Life coaches in scrapbooking?
Please."
Business-Wise.
A veteran scrapbook teacher writes, "I’ve never been
certain how or why, for so many, scrapbooking became a world of
celebrity, contentious competition, and ego, or why the industry as
a whole bought into it."
"Vinny
Da Vendor". How AMACO is helping fight cancer
with polymer clay contests.
Note: If it appears to be an "old" column, click
on the "Refresh" or "Reload" button on your
browser.
TAKE THE CLN POLL: VOTE
FOR PRESIDENT
Next month voters in Iowa will meet in caucuses to cast their
votes for President. Now, you can too – in both parties. Click on
Industry Polls in the right-hand column, or click HERE,
and we'll see if/how the industry's preferences differ from those of
actual voters.
CLN
POLL: HOLIDAY SALES
EXPECTATIONS
Almost half, 48.4%, of the voters in CLN's unscientific
poll believe the slowing economy will depress sales this holiday
season. A more optimistic view is held by 32.3% who believe it will
help sales as cash-strapped consumers make cards and gifts rather
than buying readymades. Almost one in five voters, 19.4%, were not
sure if the economy would help or hurt sales.
The results mirror the results of a similar question in early
September. Apparently the housing lending crisis and the rise in oil
prices did little to change voters' minds.
HOLIDAY SHOPPING – SO FAR
The National Retail Federation's 2007 Black Friday Weekend Survey
indicated 147+ million shoppers hit the stores on Black Friday
weekend, up 4.8% from last year. More people, but they spent less:
consumers spent an average of $347.44, down 3.5% from a year ago,
but up 14.8% from 2005. Another survey by the research company
ShopperTrak reported sales rose 8.3%.
"While last year showed a greater emphasis on
high-definition televisions, this year consumers were focused on
lower priced doorbusters like digital photo frames, laptops and
cashmere sweaters," said NRF President/CEO Tracy Mullin.
"Though Black Friday weekend was a complete success for many
retailers, the results of the holiday season won't be determined
until the last two weeks of December."
Apparently sitting in cold parking lots waiting for stores to
open early is becoming part of the Thanksgiving weekend tradition:
14.3% of consumers were shopping before 4: 00 am, up from 12.4% last
year. Crowds at discount stores were up slightly, and down slightly
at department stores. By the end of the Thanksgiving weekend,
consumers had completed 36.4% of their holiday shopping.
The "door-buster" deep discounts proved to be a
two-edged sword. Sales and store traffic rose, but the average
consumer spent less. Apparently many consumers shopped for the good
deals, and not much else.
Meanwhile, a growing number of consumers are turning to crafts
for presents. More than 6,500 people have pledged to buy handmade
gifts or give their own creations at www.buyhandmade.org.
Internet shopping continues to grow. U.S. online shoppers spent a
record $733 million on Cyber Monday, up 21% from a year ago. The
number of online buyers rose 38%, but the average dollar per buyer
fell 12%. According to the market research firm conScore and
reported by Reuters. The study attributed part of the decline to
deep discounting. The most visited sites, in order, belonged to
Amazon, Wal-Mart, Target, Best Buy, and Circuit City, Hitwise
reported.
MICHAELS' THIRD QUARTER
RESULTS
Total sales for the quarter rose 4.9% to $940.2 million and
same-store sales increased 1.9%.
Year to date, sales have risen 3.2% to $2.577 billion and
same-store sales are up 0.8%. Net income fell $53.1 million to a net
loss of $18.1 million in the third quarter and has declined to a net
loss of $84.6 million for the year, primarily due to interest
expense. Adjusted EBITDA for the quarter, a measure of a company's
ability to service its debt, was $118.4 million, 12.6% of sales,
compared to $110.0 million, or 12.3% of sales, a year ago.
The gross margin rate increased 110 basis points for the third
quarter and 80 basis points for the year, thanks to leverage in
occupancy costs, and to continued growth in merchandise margins due
to more efficient promotional programs and the benefits of ongoing
product sourcing initiatives.
CEO Brian Cornell said, "Overall, this was a solid quarter
and we are pleased with our performance. In a challenging economic
environment, our comparable store sales were up solidly at 1.9%,
building on last year's strong 3.3% third quarter comparable store
sales performance.
"During the quarter, we made significant progress on our key
strategic initiatives, particularly our global sourcing and
pricing/promotion programs," Cornell added. "Importantly,
we are confident in our approach to evolve into a stronger
consumer-facing and customer-driven organization while maintaining
our focus on operations and cost management."
For the fourth quarter, same-store sales are expected to be
approximately flat, and total sales growth will be negatively
impacted by the absence of a 53rd week this year. Total sales are
expected to be down approximately 1%. Operating income is expected
to be $225-$235 million. Adjusted EBITDA is expected to be $280-$290
million versus $301million a year ago, which included the additional
53rd week with sales of $58.7 million.
This fiscal year the company opened 43 new stores, relocated 11,
remodeled 39, and closed three. The company also opened two and
closed one Aaron Brothers store.
JO-ANN'S: HIGHER PROFITS,
LOWER EXPECTATIONS
Net income for the third quarter ended Nov. 3 jumped to $8
million ($0.32/diluted share) compared to $100,000 a year ago.
Analysts polled by Thomson Financial expected, on average, earnings
of $0.28. Sales grew 4% to $480.2 million. Sales in the large-format
stores grew 7.9% to $247 million and same-store sales rose 2.4%.
Sales in the small-format stores were flat at $233.2 million but
their same-store sales also grew 2.4%.
Gross margins for the quarter increased 60 basis points to 48.0%
from 47.4%, attributed to the timing of plan-o-gram resets and
clearance markdowns taken in the second quarter. Selling, general,
and administrative expenses rose to $199.1 million from $198.5
million, but improved by 150 basis points to 41.5% of net sales.
Operating profit for the quarter was $16.7 million, versus $5.0
million a year ago.
Net sales for the first three quarters were $1.30 billion
compared to $1.25 billion a year ago, and same-store sales rose
3.5%. Sales in large-format stores increased 10.6% to $661.3 million
and same-store sales increased 4.6%. Small-format stores' sales
decreased 3.1% to $631.6 million, but same-store sales rose 2.6%.
"I am pleased with our ongoing improvement as we deliver on
our strategic plan and capitalize on competitive dynamics in the
fabric industry," said Chair/President/CEO Darrell Webb.
"Despite a weakening economy, during the third quarter, we
drove same-store sales growth, margin expansion, and a strong
earnings-per-share increase. We are making progress on our
initiatives to improve the customer shopping experience and enhance
our marketing and merchandising. As we continue to execute our plan,
including the implementation of a more disciplined approach to new
store site selection and store remodels, we will be able to deliver
sustainable sales and earnings growth over the long term."
Less competition should help, too, Webb said. he said Hancock has
closed about 134 stores and Wal-Mart has dropped fabric in about 153
stores that are within 10 miles of a Jo-Ann's; he estimated 340+ Wal-Marts
have already eliminated fabric and will remove the department from
all but 700-750 stores – about 80% of all U.S. Wal-Marts.
The company opened one large-format store and closed five
small-format stores during the quarter. Year-to-date, the company
opened six large-format stores and closed 22 small-format stores.
For the balance of the year, the company expects to close 10
small-format stores and one large-format store. Next fiscal year,
the company expects to open 12-15 stores and remodel approximately
30 stores. It remodeled the 26 stores it had planned to remodel this
year.
The stock price fell, however, because the company lowered its
fiscal 2008 earnings guidance to $0.55-$0.60/share from its previous
range of $0.60-$0.70, citing the increased uncertainty in consumer
spending and "current market conditions."
Despite the lower guidance, BB&T Capital Markets analyst
Laura Richardson said, "... we have more confidence in Jo-Ann's
ability to continue financial improvement next year than we do in
many other retailers, albeit at a slower pace than in FY'08."
HOBBY LOBBY'S GREEN FAMILY
DONATES $70 MILLION
Mart Green, whose father David founded Hobby Lobby, has promised
Oral Roberts U. a gift of $70 million, enough to wipe out the
university's massive debt. One caveat: the school must show
"good governance" of its finances, the Tulsa World
reported.
Green said his family had already given the university $8 million
to meet immediate financial needs, and will donate the remaining $62
million after a 90-day review process.
The offer came after Oral Roberts' son Richard had resigned as
president. He resigned following allegations in a lawsuit that he
and his family misspent university and ministry money, but he told a
press conference that God told him to resign.
The Norman Transcript, "[Green's gift] may be the
white knight that keeps the school afloat financially and brings
other donors to the cause."
MICHAELS: RECALLS AND LAWSUITS
1. Pure Allure recalled about 200,000 Crystal Innovations jewelry
parts sold at Michaels due to high levels of lead, the U.S. Consumer
Product Safety Commission reported. The items, manufactured in
China, were sold at Michaels from April 2006 to September 2007. No
incidents or injuries have been reported.
2. Michaels, Big Lots, and several smaller retailers
agreed with New York Attorney General Andrew Cuomo to discontinue
the sale of children's jewelry found to contain dangerous levels of
lead, Dow Jones News reported. Cuomo said Michaels' amended vendor
policy requires suppliers to certify their compliance with federal
and state laws regarding hazardous children's products and to expand
its lead testing to a wide range of products.
"My office has undertaken an ongoing and extensive
investigation into lead levels in children's jewelry, and taken
swift, enforceable action to remove contaminated products from
stores," Cuomo told the Associated Press."I commend
Michaels Stores and Big Lots for taking immediate and proactive
steps to address the problems revealed by our investigation and for
agreeing to safeguards against lead contamination."
3. California Attorney General Edmund Brown Jr. and Los
Angeles City Attorney Rockard Delgadillo today sued 20 companies for
manufacturing or selling toys with "unlawful quantities of
lead." Companies subject to the lawsuit include retailers such
as Michaels, Toys R Us, Wal-Mart, Target, Sears, KB Toys, Costco
Wholesale, and manufacturers such as Mattel and Fisher-Price.
The state's lawsuit alleges that companies knowingly exposed
individuals to lead and failed to provide any warning about this
risk. Under the Safe Drinking Water and Toxic Enforcement Act of
1986, known as Proposition 65, businesses cannot expose individuals
to hazardous chemicals without posting a clear warning. If they
violate Proposition 65, they are subject to civil penalties of up to
$2,500 per day for each violation.
CHAIN STORES DON'T ALWAYS WIN
Chain Stores may tend to wipe out independent shops, but it's not
a forgone conclusion. For example, Jo-Ann's is closing its
store in Sioux City, IA, following by a few months the closure of
the local Hancock store. That should make life easier for two
quilt shops, My Quilt Shop and Heart and Hand Dry Goods
in this area that has a population of approximately 85,000. The only
competition is Wal-Mart and Hobby Lobby – and if
Wal-Mart phases out fabric....
Meanwhile, independent Emma Gebo in Pocatello, ID (population
50,000) worried a few years ago because her store, Sierra's,
was competing against Hancock and a new store, Village Crafts (Michaels'
now abandoned smaller-store, smaller-town experiment). Now they're
both gone and Emma tells CLN that Pocatello is back to where
it was in 2002.
Well, not quite the same. Emma needed more space, so she moved
her store into the long-gone Village Crafts store.
A.C. MOORE AND NASDAQ
A.C. Moore received a letter from NASDAQ saying it wasn't in
compliance with the filing requirements for its stock's continued
listing on NASDAQ because the company had not filed its report for
the quarter ended Sept. 30. As a result, A.C. Moore's shares of
common stock are subject to delisting. A.C. Moore requested a
hearing before a Nasdaq Listing Qualifications Panel to appeal. This
request will stay the delisting until the appeal has been heard and
the Panel has rendered its decision.
The problem is due to the company's continuing review of its
inventory accounting methods as previously reported in CLN.
Because of that, A.C. Moore was unable to file its Form 10-Q for the
quarter by the due date of November 9.
The company said it anticipates being able to file the Form for
the third quarter 2007 and any prior financial statements requiring
restatement during the first quarter of 2008, subject to completion
of the year-end inventory, internal inventory accounting review, and
restatement process. At that time the company expects to be in
compliance.
EMAIL: A SAM WALTON STORY
About 20 years ago, I was in Bentonville for a meeting with Wal
Mart. I was having breakfast at the hotel restaurant, and Sam
Walton was having breakfast in the restaurant with some of his
friends. He came up to me and said, "I know your company has
sold us your product line and been a good partner with us. I noticed
in the store the other day that we have a new name on the line and
was wondering if we had made a change in manufacturer or if that was
still yours?"
I explained we had changed labels and it was still ours. I
thanked him for his interest and asked, "How do you have time
to even be aware of something like this with everything going on at
Wal-Mart and in your stores?"
He looked at me and said, "Well if a product is in my store
then I should know about it. That is part of why I visit stores
constantly and know the products and, of course, the associates
working in the store."
Everyone who knew Sam has these types of stories. The craft and
fabric industry was lucky he was in the business and that he and
[his wife] Helen had a real affinity for our products. The Wal Mart
Craft Fair was just one other small indication of his interest and
presence. He would be at the Fair every year. – Industry
Consultant
(Comment: CLN wonders if the top execs at Wal-Mart and
other chains know every product line in their stores.)
EMAIL: MESSAGE BOARD
CONTRIBUTORS & SALES
I think within any "community" there are normal people
and then there are the crazies. One thing that concerns me is how
many manufacturers actually take what is posted as what consumers
want. I do not think that there is a disconnect between the industry
and some of the most ardent customers. We track the purchasing
behavior of all of our customers via the frequent-buyer program in
our POS software. Less than 5% of our customer base is on a message
board such as Two Peas, and their purchases are well below
store average. I do think that the majority of LSS owners have a
good sense on what their customers will buy, but the disconnect is
between the LSS and the manufacturer.
We do monitor many message boards to make sure that the image of
our store is good, and we have only twice contacted posters in order
to clear up any misunderstandings that may have occurred between our
staff and them. We also see how many high-drama posts there are.
Another good example of how much message boards mean is the
recent release by Creative Imaginations, "Creative Cafe."
It was certainly all of the buzz for a week or so as to when it
would be in local stores. Our order came in and we had fewer than 10
customers buy it because they had seen it on Two Peas. We have sold
quite a bit of the product to hundreds of other customers because we
believed that it was something our customers would buy. – Mike
Dolan, Scrapbook 911
BLOGS WITH FOOD FOR THOUGHT
1. For interesting ideas about the value of design teams,
contests, and scrapbooking's reputation, read the Nov. 27 entry in
"A Civil Conversation About Scrapbooking" at http://civilconversation.blogspot.com.
2. For a thoughtful analysis of the state of scrapbooking,
read the Nov. 25 entry in "Scrapbook News and Review".
Visit http://scrapbooknewsandreview.blogspot.com.
3. For a soul-searching commentary on how
"uncreative" so many craft products are, visit the Nov. 27
entry in "RosieSue's Stream of Consciousness" Visit http://rosie-sue.blogspot.com.
She's complaining about Michaels, but she's really talking about
manufacturers.
RANDOM NOTES, RANDOM THOUGHTS
1. The more I think about it, I think scrapbook contests
are a bad idea, whether the sponsor is a store or a magazine. As the
author of the Scrapsmack blog wrote to me, "When the
scrap-hobbyist looks at her layout, she is not seeing the product,
she is seeing her child, her mother, her husband; she is re-living
that moment." So when she submits her layout, and it's rejected
in favor of someone else's child, mother, husband, and moment, of
course she's going to feel angry and suspicious. She takes the time
and effort to submit a layout of her precious baby and she's labeled
a loser? What retailer or publisher wants to be the cause of that?
Karan Smith disagrees. Her company, Magic Mesh, has
supported contest at individual stores. "I think there is a
delicate place in the shops for home-grown contests," she
wrote. "Everyone submits and is proud of their level of
achievement and inspires others with their techniques. Categories
include kids, tweens, and adults (so there are obviously beginners
who get as much, if not more, praise for doing it.)" What are
your thoughts? Email them to mike@clnonline.com.
2. Contests are not as easy as one might think. Art
contests imply at least a semblance of subjectivity, but even
contests whose winners should be obvious can have problems. CNBC had
a stock-picking contest and the winner was the contestant whose
stocks showed the greatest return. But according to Business Week,
there was loophole in the computer trading system, a quirk in the
computer system which threw some results out the window.
MISCELLANEOUS NEWS
MEDIA. The Indianapolis Star made a mistake that
scared the daylights out of a number of vendors. It reported that Jo-Ann
Fabrics had requested the bankruptcy court to switch from
Chapter 11 to Chapter 7 (liquidation). The article meant Joan
Fabrics, an upholstery fabric business based in Tyngsborough,
MA. Jo-Ann's is NOT in any form of bankruptcy. Some subscribers
asked CLN if the article meant Hancock. No, it didn't.
Hancock is still in Chapter 11 and has NOT filed for Chapter 7. The
newspaper ran a correction two days later.
CORRECTION. Jo-Ann's did not announce it was accepting
offers from private equity companies.
PEOPLE. A.C. Moore named Joseph Jeffries Exec VP of
Operations. Jeffries, 42, has served in various senior management
roles for Office Depot, most recently as VP of Store Operations,
Space Planning, and Visual Merchandising. Reporting to Jeffries will
be Craig Davis, Sr. VP of Merchandising and Marketing; Daniel
Maguire, VP of Store Operations; and Michael Metheny, VP of Supply
Chain. ... Wilton promoted Karen Swinford to Sr. VP of its
Housewares division. ... Best wishes to Jim Guin who has retired
from American & Efird after 39 years. "I feel
fortunate to have had the opportunity to make a lot of friends in
this industry over those years and I will miss them," Jim said.
Marci Brier has assumed the position of Dir. of the Consumer
Products Division.
MILITARY. Want to send a Christmas card to a service man
overseas? Visit www.americasupportsyou.mil,
www.usocares.org,
www.redcross.org.
COMPANY FOR SALE. Color Your Own T-Shirts and Posters has
many original designs including science, nature, fun, fine art, etc.
Very educational with solid potential to be carried in museum, toy,
specialty, and chain stores. Email mn@thejnet.com
for detailed info.
SHOWS. Online registration for the CHA Winter Show
Feb. 10-13 in Anaheim is open. Visit www.chashow.org.
If your 2008 membership dues have been processed, you will be able
to login to register for badges using your email address on file
with CHA, your 6-digit CHA ID, and zip code (outside the U.S. leave
blank). For help, email registration@craftandhobby.org.
... The 2008 Summer Knit & Crochet show, with Crochet
Guild of America and The Knitting Guild Assn. conferences
and CGOA Chain Link special events, will be July 25-27 in
Manchester, NH. The Fall Knit & Crochet show, with TKGA
& CGOA Conferences and TKGA special events, will be Sept.12-14
in Portland. Visit www.knitandcrochetshow.com.
CONGRESS. A House subcommittee approved a measure
overhauling the U.S. Consumer Product Safety Commission, but it is
much different than a Senate version, so its ultimate passage is in
doubt. The House proposal calls for boosting the CPSC's annual
funding from $63 million to $100 million over four years, mandatory
testing of all toys by independent labs, increasing the maximum
penalty for companies not reporting safety problems from $1.8
million to $10 million, and reducing the time vendors have to report
product hazards.
SCRAPBOOKS. There are all sorts of them. The Wall
Street Journal reported on Dr. Arthur Toga, founder of the
Laboratory of Neuro Imaging at UCLA. Ever since his daughter was 6
– she's now 20 – he's taken an MRI of her brain. There's nothing
wrong with her, the WSJ reported; Toga just likes to watch
her brain grow up.
PRODUCTS. One of Michaels ' Thanksgiving weekend
doorbusters was a Cricut Complete Starter Set for $129.99.
RETAIL. The 11/23 edition of the Wall Street Journal described
the efforts of recently elected French President Nicolas Sarkozy to
change the French retail system. Retailers in France are currently
so regulated that manufacturers, not retailers, basically determine
what consumers will pay for their products, the WSJ reported.
PROMO. Knitting Daily, Interweave Press’
online community, pattern library, blog, and e-newsletter for
knitting and fiber enthusiasts, is offering readers the chance to
win $600 in shopping sprees in their favorite local yarn shops. To
enter, consumers must visit www.knittingdaily.com/yarnspree
and provide their contact info and the name of their favorite yarn
shop. Three winners will be drawn at random and will win gift
certificates to shop for free yarn, supplies and magazines. Knitting
Daily Editor Sandi Wiseheart will announce the winners in January.
INTERNET. Another example of the new wave of crafters is
"The Chick's Guide" at www.thechicksguide.org.
There are clever, funky, retro projects including a number of them
using, yes, duct tape. (This is not your grandmother's craft site.)
Magazines. BeadStyle magazine has a special issue, 365
Earrings, with a year's worth of products. Borders is selling a
desk calendar with an earring project per day.
PBS. A new series, Quilting Arts, with host
Patricia "Pokey" Bolton, will uplink Dec. 30 in the same
time slot previously held by America Quilts Creatively. The
new series is produced by KS Inc. Productions and is
sponsored by Interweave Press, Husqvarna Viking, Coats and
Clark/Westminster Fibers, EZ Quilting, Cedar Canyon Textiles,
Hinterberg Design, Sulky of America, Epson America, The Electric
Quilt Co., Embellishment Village, Rit Dye, Rowenta, The Warm
Company, Contemporary Cloth, and Santa Barbara Quilting Retreats.
RETAIL. The Hobby Manufacturers Assn. published a
retail business guide, Opening a Hobby Store…Important
Information You Need to Know!, in conjunction with the National
Retail Hobby Stores Assn. and Kalmbach Publishing. It is
available to current hobby retailers who wish to educate their
employees and to prospective dealers who want to open a hobby store.
Opening a Hobby Store identifies key info for creating a
business plan, managing a hobby store, plus sales and marketing
tools and useful tips for entering the hobby industry. To order,
call 973-283-9088 or visit www.hmahobby.org.
CLN STOCK INDEX: A.C. Moore:$15.87, down $0.58 ...
Jo-Ann's: $16.46, down $2.01 ... Wal-Mart: $47.90, up $1.56 ... CLN
Index: down 1.3% ... Dow Jones: 13,371.72, up 1.5%. (Note: All
changes in price are since 11/16 and are exclusive of dividends.)
THE CREATIVE NETWORK: JOB
OPENINGS
To see the latest listings by the only personnel recruitment firm
specializing in our industry, click on Jobs in the left-hand column
or click HERE.
BUBBA, JUNIOR, AND THE BLOND
Bubba and Junior were standing at the base of a flagpole, looking
up. A blond lady walked by and asked what they were doing.
"We're supposed to find the height of the flagpole," said
Bubba, "but we don't have a ladder."
The woman took a wrench from her purse, loosened a few bolts, and
laid the pole down. Then she took a tape measure from her pocket,
took a measurement, announced, "Eighteen feet, six
inches," and walked away.
Junior shook his head and laughed. "Ain't that just like a
dumb blond? We ask for the height, and she gives us the
length."
Bubba and Junior are now supervising the government's
reconstruction of those New Orleans levees.
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xxx