COMMENTARY: THANKS FOR
THE MEMORIES
The CHA winter show marked the end of my second term on the CHA
board of directors. Between HIA, ACCI, and CHA, I served a total of
12 years and it has been a wonderful experience. I made some great
friends, learned a lot about the overall industry, and found it
refreshing to use my brain for something other than my daily job.
I served with independent and chain retailers, distributors,
publishers, designers, and service providers and was impressed with
how everyone put aside their individual business interests to do
what was best for the industry. We may not have always made the
right decisions, but we tried, and the current members of the CHA
board (and, I'm positive, the TNNA and NAMTA boards) will continue
to do what they think is best for all of us.
If ever you have a chance to serve on an industry board, do it.
The return on your small investment in time is well worth it.
NEW COLUMNS THIS ISSUE
"Benny
da Buyer". Due to technical difficulties, some readers
may have missed the charts in Judikins' Rob Bostick and Sarah
Hodsdon's article, "How Products Sell" excellent
advice for how independents should buy. The article with the
charts is still here, plus reactions from an independent
scrapbook retailer.
Newbriefs.
Did you miss the CLN newsbrief sent Feb. 7 regarding
January retail sales and Jo-Ann's fourth quarter and fiscal
year sales report? Or the Feb. 17 general summary of the CHA
winter show? They're right here.
Industry
Research. CHA has issued its quarterly update of its Attitude
& Usage study, and the Craft Yarn Council of America has
released its 2007 Tracking Study Consumer Purchasing Habits
& Motivation. Here are details on accessing these studies.
"Vinny
Da Vendor". A vendor decries the changes in A.C.
Moore stores, but those changes may be temporary.
Memory,
Paper & Stamps. A photo/scrapbook store in Maryland is
selling out its traditional scrapbook supplies and will concentrate
on digital services.
Designing
Perspectives. A veteran designer takes a long hard look at
the low pay designers earn from manufacturers and publishers.
Kate's
Collage. An update on the Rwanda Knits program that
helps widows, victims of genocide and AIDS, become self sufficient
through knitting cooperatives.
Business-Wise.
Wilton is celebrating its 80th anniversary one of the
oldest, most successful companies in our industry. But it wasn't
always that way. In 1929 Dewey McKinley Wilton opened a cake
decorating and candy making school for caterers and chefs in a
single room of his Chicago home. Here's how it grew.
Scene
& Heard. Cindy Groom-Harry, head of Craft Marketing
Connections, a top design/marketing firm, evaluates the product
and design trends at the CHA winter show. Plus, a detailed
report on the recently completed New York Toy Fair.
(Note: If a column appears to be an old column, click the
"Refresh" or "Reload" button on your browser.)
TAKE THE CLN POLL: DID
CHA MEET EXPECTATIONS?
OK, the CHA winter extravaganza is over. Was it what you
expected? Were you pleasantly surprised or disappointed? To vote,
click on Industry Polls in the right-hand column or click HERE
and CLN will compare the results with the expectations in the
next issue.
CLN
POLL: EXPECTATIONS FOR
THE CHA SHOW
Voters in CLN's unscientific poll traveled to Anaheim in a
reasonably optimistic mood. More than a third, 36.4% thought the
show would be excellent for their business, and 31.8% expected the
show to be "good, but not great." Only 29.6 said they had
very limited expectations, and 2.3% were not sure.
MORE NEWS FROM THE CHA SHOW
(Note: To read the general summary which was emailed to
subscribers Feb. 17, click on Newsbriefs in the left-hand column.)
Research. CHA released its updated Attitude and Usage study
indicating the size of the industry is at $31.5 billion. The
Craft Yarn Council of America released a new study indicating
knitters and crocheters made an average of 21.2 projects in 2007;
that's up 23%.
New Board Members. Elizabeth Boyle, Treasury of
Memories ... Mark Peters, Duncan ... Linda Augsburg, Kalmbach
... Michael Birkholm, Darice ... Joseph McCabe, DMC
... Sara Naumann, Hot Off The Press. Peters and Naumann began
serving last fall, filling out the terms of members who had
resigned. They now begin their own three-year terms with the other
new members.
Nominating Committee. Elected by the members at large:
Beth Mauro, Scrapbook Retailer ... Pam Riddell, Maps-2-Memories
and The Riddell Group ... Ed Rogala, Midwest Products.
Elected by the board: Bob Ferguson, Ferguson Merchandising/Ben
Franklin Crafts ... Larry Olliges, Dee's Crafts ...
Maureen Ruth, Creative Marketing Solutions. Bob Ferguson is
the committee chair.
Imports. Nancy Steorts, former Chair of the U.S. Consumer
Product Safety Commission, told attendees at her CHA seminar and
luncheon that the bill pending in Congress, with much stricter
regulations and penalties for importers, would pass and be signed,
regardless of who was elected President in November. When CLN
asked her if this would affect craft products for kids, she was not
sure where to draw the line between crafts and toys.
Booth Awards. The Exhibiting with Excellence awards,
voted by members of the press, CHA staff, and Susan Friedmann
(consultant and "Trade Show Coach"): Art
Materials/Framing, Canvas Corp. ... Digital Imaging Pavilion,
Kaleidoscope Collection ... Fabric/Quilting/Needlecrafts, Saleutions
... General Crafts, BagWorks ... Scrapbooking, Little
Yellow Bicycle C-Through Ruler ... New Exhibitor, ScrapOnizer
... License and Design, Debra Quartermain and Marie Browning
Creates ... International Pavilion, Flower Soft. Judging
criteria included use of floor space, visual appeal of the booth,
and overall presence and friendliness of staff.
Designer Press Kit Awards. First Place: Painted Olive ...
Golden Press Kit Awards: 1st place, Plaid ...
2nd place, Ellison ... 3rd place, Pentel.
Innovation Showcase Winners (new products). Art
Materials/Framing: Faber-Castell- Booth ... Digital Imaging
Pavilion: Hewlett Packard ... Fabric/Quilting/Needlecrafts: JHB Int.
... General Crafts: Fuseworks ... Scrapbooking/Paper Crafts: Maude
Asbury ... New Exhibitors: ScrapOnizer ... Best of Show: Helix
USA.
Speakers. Financial whiz Suze Orman's keynote speech was a
huge success. Her address was preceded by a fashion show with
clothes made from paper. To see photos of the show, visit David
Pyle's blog at http://twistsandturns.artistsnetwork.com.
CHA SHOW COMMENTS
1. I found it very surprising that this proved to be one
of our BEST CHA shows ever. I did not expect that. Traffic was down,
but most of that were tire-kickers! The serious buyers were there,
and they were writing orders. The wanna-be's stayed home. We
introduced several new lines, and they were very well received. David
Riba, Kandi Corp.
2. We had a great show! We found several new vendors that
we know our customers will love, so we wrote orders at the show for
those products several each in scrapbooking and crafting, and
one for new art supplies that customers have been asking for. We
also picked up quite a few catalogs from vendors that are "possibles."
We're having a reception this coming week where our customers can
vote on the top three products from each of their top three vendor
picks. At the end of the week we'll be announcing the winners and
placing orders with those new vendors for the products chosen. It'll
be interesting to see how that turns out! Nancy Connor, S.A.G.E.
Crafts, a craft/scrapbook store in Sedona, AR.
3. I agree with you, those who introduced new products had
a good show, and those who did not, most generally did not have a
good show. My clients all had one of their best shows in years, but
all my clients introduced new products and our sales teams worked
very hard with their respective buyers, digging into their specific
needs and dreams, finding solutions to achieve their needed results.
Mark Lee, DreamSolutions Marketing Corp.
4. The CHA show was our best show of the past three years.
The response to our new NaturallyCaron.com brand of yarns was
incredible. In these challenging economic times, our retail partners
more than ever need us to bring them innovative, fresh marketing
vehicles and exciting new products to drive their sales. The old
saying still applies, "New products are the life blood of the
craft business." Jan Kahn, Caron Int.
5. I thought the show was good; however, I have always
thought it is toooo long. We would love the show to be over on
Tuesday. Wednesday is always a waste of time. Everyone seemed to
think the same thing this year as well as last year. Jean
Swanson, Arts and Crafts By Rayson
6. We found the show interesting. Your observations are
"right on" from my view point: "Those who innovate
and show new products received good orders, those that did not, did
not." I found most buyers and vendors positive. For sure we
need to be cautious but we certainly bought like we are going to
have a good gain for the summer and fall seasons! Aggressive seems
to be our team's byword. We have gone P.O.S. and believe it will
help us to merchandise smarter and be able to re-order more quickly
with a greater degree of accuracy. CHA has developed a lot of
information behind the scenes that will help the independents,
providing they investigate and use the technology that is out there.
We are teaming with other independents to share data on a regular
basis. We think this will keep us in the "run" with the
majors. Thanks for your valuable insight that helps keep us alert.
Adrian Taylor, Ben Franklin Crafts in Monroe, WA
A STOCK MARKET ANALYST'S VIEW
OF CHA
Representatives of Wedbush Morgan Securities attended the show
again and had some interesting observations. In a note to clients,
they thought the show traffic was "notably down" and the
"tone seemed more subdued."
One of the causes, according to the note: "Vendors being
squeezed by retailers resulting in less creative output. In order to
make up for slowing sales, retailers are pressuring vendors. In some
cases this has resulted in the layoff of creative staff and slower
new product introductions."
Meetings with Jo-Ann and A.C. Moore personnel were
positive. "We came away incrementally more positive on Jo-Ann
Stores," the note read, and "At A.C. Moore we continue to
believe the company is making the right investments for the
long-term, which may result in ongoing near term sales pressures yet
increase profitability." Wedbush ratings for both of the
chains' stocks are Hold.
A.C. MOORE, HANCOCK RELEASE
FINANCIAL DATA
A.C. Moore. For the fourth quarter and year ended Dec. 31,
sales for the quarter were $177.3 million, down 10.4%, and
same-store sales fell 4.5%. For the year, sales declined 5.1% to
$559.7 million and same-store sales dropped 10.3%.
CEO Rick Lepley commented, "Obviously, we are disappointed
with our fourth quarter results. The softness in seasonal and
children's categories, along with our increased seasonal emphasis,
resulted in deeper discounting than planned. As we begin 2008, we
are pleased to have implemented a perpetual inventory that we
believe will assist in controlling inventory and reducing
out-of-stocks."
During the quarter the company closed two stores, bringing the
total to 134, and implemented a perpetual inventory system for all
stores.
The stock dropped 22.5%, or $2.75, the day after sales figures
were released.
Hancock. Reported a loss of $45.9 million for the fiscal
year that ended Feb. 3. Sales were $376.2 million, down 3% from a
year earlier, and same-store sales were down 1.9%. The previous
year, sales were $388.8 million, the net loss was $30.3 million, and
same-store sales were down 6.2%.
The company, in bankruptcy since Mar. 21, 2007, filed documents
with the U.S. Securities and Exchange Commission indicating the
company is planning a new store prototype, a new financial reporting
method, and a product re-merchandising program. Hancock plans to
present its business plan and begin formulating a plan of
reorganization before April, then emerge from bankruptcy three
months later.
(Comment: Ever wonder how expensive bankruptcy can be?
Sales in December topped $31 million, the highest in months. The
company lost $1.6 million, but "reorganization items"
accounted for $1.4 million of that.)
WAL-MART: RECORD
SALES/EARNINGS, BUT ...
Net sales for the year ended Jan. 31 were $374.53 billion, up
8.6%. Income from continuing operations rose 5.8% to $12.88 billion.
Diluted earnings/share rose 8.2% to $3.16. Net sales for the fourth
quarter rose 8.3% to $106.27 billion, the first time a retailer
topped $100 billion in sales in a quarter. Income from continuing
operations rose 4.0% to $4.1 billion. Same-store sales in U.S.
Wal-Mart stores grew 1.6% for the quarter and 1.0% for the year.
CEO Lee Scott said, "The combination of price leadership and
improved customer service made the difference in the fourth quarter
for our U.S. operations...."
"At this pace, it's obvious Wal-Mart will have to fight flat
or negative same-store sales growth in the coming year," wrote Business
Week.
As for customer service, the day Wal-Mart reported its earnings,
the University of Michigan released its updated American Customer
Satisfaction Index in which consumers rated department/discount
and grocery stores. The Chicago Sun Times reported
respondents rated Nordstrom the best department/discount store (80
out of 100); Wal-Mart received a 68 score, the lowest of the stores
in the study. Target rated a 77 and Dollar General a 78.
"Discount store giant, Wal-Mart, takes a sharp turn south,
plummeting 6% to its all-time low of 68, well below the industry
average," according to an ACSI press release. Publix was the
top rated grocery store with an 83 score, while Wal-Mart was the
lowest with 71.
Wal-Mart disagrees with the results of the study. Execs said its
own quarterly survey of two million customers shows Wal-Mart is
getting high marks.
HEARD ON THE CHA SHOW FLOOR
1. "Nobody ever offers me free freight." Scrapbook
Retailer from New Zealand
2. "Our e-commerce business is now far outpacing
sales in our store." Midwestern Independent Sewing/Craft
Retailer
3. "Everyone is talking about price increases from
China." Industry Consultant
4. "Sometimes having a son or daughter come into the
business is like raising a teenager all over again." Independent
Retailer
STRANGE CRIMES IN OUR INDUSTRY
1. Karen Sue McGates, 47, of Beaverton, OR was charged
with stealing $170,000 worth of scrapbook supplies from area Craft
Warehouse, Jo-Ann, and Michaels stores and selling
the supplies in her licensed store, All About Scrapbooking &
More, located in her home. McGates pled not guilty to charges of
racketeering, first-degree theft, and tampering with evidence.
When police served a search warrant at McGates' house they found
so many scrapbooking and card-making supplies "that it was
almost like walking into a store," Sgt. Paul Wandell told the Portland
Oregonian. Wandell said police found price tags with store bar
codes she had peeled off the items and thrown into a garbage bag.
2. Police in Broomfield, CO received a 911 hang-up call at
7:30 am one day last week requesting help at the local Hobby
Lobby. The police discovered the back door of the store unlocked
and a female employee tied up inside. She was taken to a hospital
and as of CLN's deadline, police were tight-lipped about the
incident.
3. A judge added 1,500 hours of community service to the
previous sentence given to Tom Coughlin, former vice chair of Wal-Mart,
for his conviction on felony wire fraud and tax evasion charges.
Coughlin pleaded guilty in January 2006 for embezzling cash, gift
cards, and merchandise from Wal-Mart, where he worked for 28 years.
He could have been sentenced to 28+ years in prison and fined $1.35
million. Coughlin was returned to court after the 8th U.S. Circuit
Court of Appeals determined his previous sentence a $50,000
fine, and $400,000 restitution was too lenient. He will serve no
jail time.
NEW ONLINE MEMORY PRODUCTS
& SERVICES
Shutterfly and CK Media, publisher of Creating
Keepsakes and other industry-related magazines, have agreed to
produce and deliver a line of products and services designed to
introduce photo books to traditional scrapbookers, the Photo
Marking Assn. newsletter reported. The line includes eight photo
books designed by Creating Keepsakes celebrity designers
the first two from Ali Edwards and Jessica Sprague.
Shutterfly's website (www.shutterfly.com/inspire)
shows scrapbookers how to create a photo book, and CK will
teach classes at Creating Keepsakes University and CK
conventions to introduce scrapbookers to Shutterfly's online photo
books and digital scrapbook print solutions.
Meanwhile, ScanMyPhotos.com Int. is offering free photo scanning
of analog photos to members of Facebook, MySpace, Blogger, and
Flickr through Feb. 29. The service will scan up to 1,000
4"x6" photos for a shipping/handling fee of $19.95. The
site, http://scanmyphotos.com,
offers a wide variety of photo digitizing and scrapbook-related
services, including a "Do It Yourself" Scrapbooking Kiosk.
EMAIL: NUREMBERG INTERNATIONAL
TOY FAIR REPORT
Ive just returned from another very well-attended Nuremberg
Toy Fair. "Learning by Playing" was the shows theme and
the educational seminars focused on correlating how playing with
toys enhances educational learning. There was also a strong
marketing message of bringing kids back to tactile playing in
response to the wave of Internet-related gaming that kids do today
certainly a similar message that the craft industry has
promulgated (crafts and creativity = increased learning skills).
The Fair introduced a new exhibit area, "Way to
School," and many paper companies in the stationery industry
were represented. Previously, I had only seen these products at
Premier in Frankfort. The arts and crafts segment was scattered in
several halls depending on product relationship to the main product
categories.
As always, European exhibits are beautifully presented and
exhibitors spare no expense in showcasing their products and
providing hospitality to their customers. The model hobby exhibit
halls had more activity with radio control and train demos. Toy
safety was also on the forefront, with product testing and quality
assurance consultants strategically placed between the various
halls. HMA will soon offer its members a quality assurance partner
at discounted rates to ensure our manufacturers continue to monitor
their product control. Pat Koziol, Exec Director of the Hobby
Manufacturers Assn., www.hmahobby.org
(Note: Sponsors report some 80,000 visitors attended the
Nuremberg International Toy Fair. More than 50% came from
international destinations to see 2,676 exhibitors.)
RANDOM NOTES, RANDOM THOUGHTS
1. Karen Ancona, one of the industry's best, brightest,
and nicest, is battling cancer. Karen was the Editor of CNA
for about 20 years and probably helped more people more often than
anyone in the industry's history. Send her a card or email: 24336
Vincent Ave., Punta Gorda, FL 33955; karenancona@comcast.net.
(When Karen retired, CLN did a three-part interview with her
which is still online. Click on Kate's Collage in the left-hand
column -- or click HERE
-- then scroll down the right-hand column to "My 20 Years in
the Industry, Pts. I, II, and III.")
Cindy Groom-Harry will be gathering hand-embellished cards from
designers, manufacturers, editors, and publishers to send to Karen
in a gift basket. Deadline: Feb. 29, 2008. Mail/Ship to Cindy at
Craft Marketing Connections, 2363 460th St., Ireton, IA 51027.
2. A recession seems to be looming on the horizon for the
U.S. economy, or maybe it's already here: 63.6% of the respondents
in a poll by Gifts & Decorative Accessories, a trade
magazine for gift shops, believe we are. That's good news for our
industry, according to traditional industry theory that claims we're
recession proof.
The theory is, during tough economic times, consumers stay home
more often and need something to do and they make gifts rather
than buy readymades. If that's true, this should be a good year for
our industry.
But is the theory true? I'm working on an article for the next
issue asking retailers and vendors who were in business during
previous recessions just what happened back then. Did the industry
thrive or suffer? If you were operating your business then, email me
at mike@clnonline.com.
3. The story of the birth and growth of Wilton (see
Business-Wise) is truly remarkable and should be a lesson for the
industry: the value of classes. How many more consumers would paint,
stitch, or knit if classes were more readily available?
4. A long-time industry veteran who couldn't make it to
Anaheim gave me a list of things to do during the show: "Find
out the next mini-trend from Suzanne McNeill (Design Originals) ...
Get a good retail marketing idea from Bob Ferguson (Ben Franklin
Crafts) ... Find three excited newbies and let their enthusiasm warm
your old, tired, sarcastic blood ... Find at least one 'How simple
is that? Why didnt I think of it?' idea ... Tell (CHA Exec
Director) Steve Berger and his crew what a great job they have done
and what a huge challenge the next three years will be for the
industry ... Remind everyone that there WILL be another mega-trend
in the industry and not to kill scrapbooking before its time. (And
forget the 'back to the basics' and 'macrame is coming back; that BS
has never worked before and it wont work this time either.) ...
Say 'Howdy!' to Dave Ladd and Frank Strauss and tell them that they
are still my heroes in the industry. Damn, Im gonna miss
everybody!"
MISCELLANEOUS NEWS: TOY
FAIR & IMPORTS
DATA. Buyer registration at the 105th Toy Fair was
up 30% over 2007. There were 900 members of the media present
triple the number a year ago. Toy Fair had 1,200 exhibitors
showing their products to 15,000+ registered buyers and 21,000 toy
industry professionals from 94 countries. Total attendance was
expected to be 35,000.
RESEARCH. To read a new study, China Product Recalls:
Whats at Stake and Whats Next, from NERA Economic
Consulting visit www.nera.com/mass_torts.
SIGN OF THE TIMES. Wizard Industries has introduced the
Scan-it Operation Checkpoint Toy X-Ray Machine for kids who want to
play, uh, airport security.
SAFETY. "I will not tolerate this industry ... not
complying with our regulations," Nancy Nord, acting Chair
of the Consumer Product Safety Commission (Associated Press)
MISCELLANEOUS NEWS
COMPANY FOR SALE. Small scrapbook/rubber stamp/papercraft
manufacturer with a unique product line that could be acquired to
easily diversify current or future product lines. Can easily be
relocated. Sales $125K+. For more info, in confidence, call Mike
Hartnett at 309-925-5593 or email mike@clnonline.com.
MEDIA. A CLN subscriber sent a link to yet another
article about Kristina Contes and the Creating Keepsakes Hall
of Fame uproar with the subject line, "The story that never
dies...." Now it's the New York Times. The article
rehashed the contest and some scrappers' reactions and quoted
Jeanette Herdman, owner of Scrap In Style TV, (www.scrapinstyletv.com)
who said, "You would be hard-pressed to find another industry,
except for maybe Hollywood and people talking about Britney Spears,
where you would see such vile things people said about a
person."
SHOWS. CLN contacted CKMedia officials about
the future of the MemoryTrends trade show, but had not
received word by time this issue went online. ... The Licensing
Int. Expo show will move out of New York after this year to
Las Vegas June 2-4, 2009. This year it's June 10-12. Visit www.licensingexpo.com/licensingshow/v42/index.cvn.
... "It's simply amazing what a trip to Hobby Lobby and
a hot glue gun can produce." Tricia Woolfenden, in her
critigue of the designs unveiled at New York's Fashion Week (Grand
Rapids Press). ... To see highlights of the PMA show,
visit www.pmai.org/index.cfm/ci_id/33573/la_id/1.htm.
CHARITY. Scrapbooks etc. is in the initial stages
of Scrap Pink 2008, and signing up shops for the event Sept. 26-28.
Last year approximately 750 shops across the nation participated,
raising funds for the Susan G. Komen foundation. Visit www.scrappink.com.
SIGN OF THE TIMES. From the Packaging show in Las
Vegas, Ellie Joos writes, "At least 90% of the exhibitors were
promoting their 'green' packaging products, whether it was from
fashionable 'denim' looking bags and reusable bags made from
recycled PET bottles, to 100% biodegradable plastic bags and
recycled shopping bags made from 100% recycled fibers. Also, of
course, tissue papers and packaging materials all earth
friendly. Companies are also making statements about the steps they
are taking in their manufacturing facilities to conserve energy. I
think last year at this show I could have counted about five
companies with 'green' products and energy-saving policies. What a
difference a year makes!"
YARN. The Craft Yarn Council of America sponsored
another Knit-Out at the Mall of America in Minneapolis Feb.
16-17. Best selling author Debbie Macomber and Vickie Howell, host
of DIY network's Knitty Gritty, were featured. ... Caron has
launched a new website, www.naturallycaron.com,
in preparation for its new yarn line available in stores about May
1. Much more in the next issue of CLN. ... U.S. News &
World Report recently profiled Susan Wolcott, founder of Y2Knit
a fascinating read. Visit www.usnews.com/index_html
and type Susan Wolcott in the search engine.
CROCHET. March is National Crochet Month and the Crochet
Guild Of America's website lists 78 charities for which
crocheters can make and donate hats, blankets, mittens or squares.
To see the list, visit www.crochet.org/cgi-bin/charitybyname.pl.
SEWING. America Sews with Sue Hausmann continues to
roll along. The 26th series uplinks to PBS stations Mar. 30. It's
produced by Husqvarna Viking and KS Inc. Productions;
sponsors include Robison-Anton Textile, Sulky of America, Rowenta,
The Warm Co., Havel's, Coats and Clark, June Tailor, and Hancy Mfg.
Co./Full Line Stencils.
REPS Wanted. Leading paint vendor is looking for
independent reps for the West Coast (CA, AZ, NM, NV, CO, UT, WY, WA,
and OR) and the Southeast (GA, FL, AL, MS, TN, VA, NC, SC, AR, and
WV). Contact Mark Lee, DreamSolutions Marketing; email markhlee@mac.com
or call 317-270-0836.
PEOPLE. Alvin & Co. hired Jaime Echt as Product
Manager for its Blue Hills Studio brand, which broadens
Alvin's product offerings and preservation expertise in the
scrapbook and cardmaking category. ... Former Michaels CFO
Todd Lindsey is Sr. VP/CFO for Checkers, a chain of 800+ drive-in
restaurants
QUOTATION. "I hear people now and then say not every
business that you invested in or managed was successful..... Have
you ever been in business before? They don't all work. That's the
nature of risk and return." Mitt Romney (Wall
Street Journal)
STOCKS. A.C. Moore: $8.62, down $3.65 ... Jo-Ann's:
$16.00, up $3.18 ... Wal-Mart: $49.97, down $1.21 ... Dow Jones:
12,381.02, down 2.8%. (Note: All changes in price are since
2/22 and are exclusive of dividends.)
MISCELLANEOUS NEWS: PRODUCTS
NEW COMPANIES. Now That's Impressive! offers a unique line
of photo-safe, self adhesive, embroidered fabric embellishments.
Visit http://nowthatsimpressive.com.
... A new CHA show exhibitor was GCD Studios, which offered a wide
range of designer-patterned papers, cardstock, and accessories.
Visit www.gcdstudios.com.
BOOKBINDING. What about scrappers putting their pages
together and binding their own photo books? For a how-to DVD on
bookbinding, visit www.bookbindingguy.com.
NEW USES. Can't teach an old dog new tricks? Think again. Rit
Dye, one of the oldest products, introduced a new technique at
the CHA show, "Wax-less Batik Dyeing on Paper."
Papercrafters use Rit dyes on paper and then set the dyes in the
microwave. To learn more, visit www.ritdye.com.
MACHINES. Making Memories' new Slice generated a
lot of talk at the CHA show. To see a demo, visit www.makingmemories.com.
NEEDLEWORK. Wichelt Imports and Colonial Needle introduced
Twisted Wire Beading Needles that have large, collapsible
eyes for easy threading and twisted wire that bends making beaded
cross stitch, knitting, and crochet easier. Plus, Dancer and Blitzen
by Nora Corbett were added to the Christmas Eve Courier collection.
Also new is 16-ct. Hand Dyed Copper Penny Aida, and new
towels. Visit www.wichelt.com.
STITCHING. A new, fun board game for stitchers is Stitchopoly
by DMC and Wichelt Imports, available in April.
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.
A PRESIDENT'S DAY HISTORY
LESSON
It's commonplace now, but did you ever wonder why a company can
be sued because of the actions of an employee? According to Paul
Beaver, Professor Emeritus at Lincoln College, that was not always
the case. In the mid-1800's a train conductor in central Illinois
became angry with a passenger and threw him off the train, while it
was moving. The man broke his legs and was going to sue the
conductor, but his lawyer suggested suing the conductor and the
railroad. The lawyer won the case for his client and the legal
precedent was set.
So if one of your employees gets mad, pops a customer and you get
sued, you can thank that old country lawyer, Abe Lincoln.
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Mondary March 3.
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