COMMENTARY: A MIXED BAG
ON GAS PRICES
Any time the economy changes, there are winners and losers. For
example: when the dollar weakens, it helps U.S. exporters because
their products cost less overseas, but it hurts importers because
their costs rise. So what will the rising cost of gas do to us? All
sorts of things:
1. I'm hearing anecdotal reports that store traffic in
general is down – due, I assume, to gas prices (and perhaps the
lack of hot, must-have-right-now products). The decline in travel
over the Memorial Day weekend caused some media outlets to call what
consumers did instead as "Staycations." Now Wal-Mart has
started a site, www.walmartstores.com/staycations,
with 101 ideas for stay-at-home fun.
Consumers staying home could hurt retail sales, but it could help
sales if families need more to do. That could be especially true for
kids crafts. But fewer out-of-town vacations could hurt
scrapbooking; consumers probably don't take as many photographs if
they're in their backyard, rather than at Disney World.
2. E-commerce sites should do well in this environment,
too. As should e-books. For example, as I've mentioned before, my
wife Barbara (aka The Bead Queen) and I sell her creations at art
fairs. Recently she wanted to buy a book, Ultimate Guide To Your
Profitable Jewelry Booth, by Rena Klingenberg. I paid online,
downloaded it, printed it on three-ring paper, and put it in a
binder. Didn't have to use gas to drive to a store, had my copy in
five minutes – and Rena didn't have to print and ship/mail copies.
(Read more about e-books, below.)
3. I suspect Wal-Mart, particularly the supercenters, will
be stronger competition for retailers, because consumers can do more
one-stop shopping.
NEW COLUMNS THIS ISSUE
Business-Wise. Designer Brenda
Pinnick, a member of the
Orphan Works opposition team, reports on the team's recent in-person
lobbying efforts in Washington, D.C. Plus, CLN obtained a
copy of a letter written by Senator Patrick Leahy (D-VT), a
co-sponsor of the Senate version, who presents a different view of
the Orphan Works legislation.
Category
Reports. Read all about the new Sewing &
Craft Alliance, led by Joyce Perhac, former Exec. Director of
the Home Sewing Assn.
Benny Da
Buyer. Kathy Lamancusa was one of the industry's
most prolific and successful individuals, working as a writer,
designer, trend guru, teacher, demonstrator, and spokesperson. She's
left the industry and now has a completely different perspective.
She doesn't like what she sees, particularly the way retailers are
advertising.
Designing
Perspectives. A magazine editor rants about the
unprofessional work of some designers.
Note: To read the columns, click on the title in the
left-hand column. If you surf to a column and it appears to be an
old column, click your browser's Refresh or Reload button.
TAKE THE CLN POLL: GRADING THE FIRST HALF OF '08
The year is almost half over – already. So what's it been like
for your business, whatever it is? Is your income up, down, or the
same as the first half of '07? To vote, click on Industry Polls in
the right-hand column or click HERE.
CLN
POLL: WILL TRADE SHOWS BE SMALLER?
Yes, according to subscribers who voted in the CLN poll. Among
exhibitors, 43.24% had already reduced their 2008 exhibition
schedule, and another 21.62% said they were either reducing the
number of shows or the size of their booth. More than a quarter,
27.0%, said their plans will not change, and only 5.4% were either
increasing their number of shows or had already done so.
Retailers and others are not cutting back as much as vendors, but
29.2% have already reduced the number of shows they attend, and
another 16.7% plan to reduce their travel for the remainder of the
year. "My plans will not change," said 16.7% of the
voters, while 12.5% plan to attend more shows.
HANCOCK REVEALS REORGANIZATION PLAN
Taken from the filing with the Securities and Exchange
Commission: "The Plan provides for the payment in full of all
Allowed Claims regardless of the category. 'Payment in full'
includes post-petition interest from the date the Company filed for
bankruptcy for holders of Secured Claims, Priority Claims, General
Unsecured Claims and certain Administrative Claims."
The plan has been approved by the Official Committee of Unsecured
Creditors (vendors) and the Official Committee of Equity Security
Holders (stockholders).
According to the law firm Cooley Godward Kronish, which acted as
lead counsel for the creditors' committee, general unsecured
creditors will receive cash equal to 104.93% of their claims.
"We believe Hancock will be the first retailer to emerge
successfully from bankruptcy as a reorganized entity since the new
bankruptcy amendments were enacted in 2005," said Jay Indyke of
Cooley Godward Kronish.
"This is a very successful case not only because of the
extraordinary recovery creditors are receiving, but also because the
company will survive as an ongoing entity and many employee jobs
will be preserved," said Cathy Hershcopf, another Cooley
lawyer.
Hancock filed for bankruptcy on March 21, 2007. A hearing date is
scheduled for tomorrow and the plan's final approval by the court is
expected in August.
CHANGES AHEAD AT A.C. MOORE
A.C. Moore announced it would be closing 7-10 stores this year
and scaled back its planned new store openings from 14 to 8-12. The
decisions are the result of a real estate portfolio review.
Regarding the new stores, the company will attempt to open them
with sufficient store density to leverage expenses such as
advertising and supply chain replenishment costs – and take
advantage of the current real estate environment to relocate some
existing stores, when and where practical.
There should be real estate opportunities, thanks to the general
trend of store closings.
According to Chain Store Guide which tracks such things,
in the month of May, supermarket, drug, mass, specialty and home
center retailers opened 95 stores – and closed 262. Of the 262
outlets closed, 203 – 78% – were specialty stores.
A.C. Moore is also negotiating with state and local authorities
to expand its distribution center facility in Berlin, NJ. If the
negotiations are successful, the company will postpone construction
of a second distribution center.
Nancy Nally reports on her website, Scrapbook Update, www.scrapbookupdate.com/scrapnancy/2008/06/ac-moore-closin.html,
said that one store that will close is in Daytona Beach, FL. Employees
told Nancy they had already been informed of the closing, which will
be July 6.
The company expects pre-tax expenses associated with the closings
to be $7-$9 million: $4-$5 million for settlement of lease
liabilities; $1-$2 million related to other store closing costs,
such as liquidation, fixture relocation, and severance; and up to
$2.0 million related to non-cash fixed asset impairment. All of
these expenses are expected to be incurred in 2008.
CEO Rick Lepley said, "Store closings are extremely
difficult decisions because of the effect on our organization, our
associates and our customers. However, we believe that these changes
are necessary for the long-term prosperity of our company. Improving
our overall level of execution at the store and corporate level,
installing state of the art systems, and optimizing our 'Nevada
Class' store prototype are paramount at this time. In addition to
our real estate strategy, we are confident that continuing these
initiatives will provide a solid foundation for future store count
growth."
"But to analysts closely watching the $560 million chain of
craft stores based in Berlin, NJ, the announcement was a sign that
better days are ahead for the company...," reported the Philadelphia
Inquirer. "A lot of what A.C. Moore has done over the past
year is similar to what Michaels did about five or six years
ago," retail analyst Holly Guthrie of Janney Montgomery Scott
told the Inquirer.
The current store count is 139.
BEAD&BUTTON
SHOW REPORT
The recent show in Milwaukee – the largest consumer bead show
in the U.S. – was better than last year when attendance reached
14,000. That is, until hellacious storms hit Milwaukee Saturday and
Sunday. (The media reported 3.5" of rain fell on Milwaukee in
one hour.) That surely cut down the drive-in traffic. Until then,
most vendors were pleasantly surprised by their orders and the
attendance.
Trends: Think gas prices have skyrocketed? So have the prices of
gold and silver. Look for consumers to switch to stones, glass,
copper, brass, and even plastic because of the cost. ... The
"eco" trend was apparent: lots of genuine leaves that had
been gold- or silver-plated and sold as beads. ... Using keys as
beads. ... A layered look – wearing two or three necklaces of
different lengths. ... "Mixing metals" – combining two
or more metals (gold, silver, copper and brass) in the same design.
A growing trend is beads overlapping into other categories:
Industry veteran Lynda Musante showed a charm bracelet that is, in
effect, a scrapbook of a recent vacation in New York City. (A report
on the bracelet is in the Summer issue of Bead Unique magazine.)
It included a piece of a Broadway show ticket decoupaged onto a
plaque. Other "charms" were created using various craft
techniques. ... One instructor told the class she will be teaching
at Quilt Market. ... A vendor was selling flat wooden pieces
that could be painted, then used as focal beads – bead shows could
be a new market for decorative painters. ... Using stamps on
precious-metal and polymer clay. ... A vendor sold a necklace kit
with a focal piece that was a small book with blank pages for the
owner to wear as a miniature scrapbook. ... Some beaders are
knitting, even macrame-ing their jewelry. ... Buttons, sometimes
with a second hole drilled, used as beads.
MICHAELS NAMES NEW PRESIDENT/COO
Michaels named Shelley Broader President/COO effective June 23.
Broader will report to CEO Brian Cornell, himself a product of the
grocery business – Chief Marketing Officer at Safeway.
Broader will be responsible for Michaels and Aaron Brothers store
operations, Artistree, supply chain operations, real estate
development, loss prevention, and store planning.
Broader, 44, had been President/CEO of Sweetbay Supermarkets,
formerly known as Kash n' Karry Food Stores, the #5 supermarket
chain in Florida with 106 stores. Prior to Sweetbay, Broader had
been Sr. VP, Business Strategy, Marketing, and Communications for
Hannaford Bros., a grocery chain in the Northeast and part of the
U.S. division of Brussels-based Delhaize Group, a multi-billion
dollar global food retailer. Recently Broader was named Business
Woman of the Year by the Tampa Bay Business Journal.
HOBBY LOBBY CONTINUES TO EXPAND
Hobby Lobby has embarked on an expansion campaign that includes
Western New York, reported Business First of Buffalo. HL may
see several stores open in Upstate New York and Pennsylvania, the
publication reported. "Buffalo is a market we'd like to be in
fairly soon," HL's Director of Training and Customer Service
told Business First, "but we haven't signed any deals
yet. We see Buffalo as a growing market and we see it as a place
with opportunities. We don't look for blue-collar areas or
white-collar areas; we just look at the area as a whole. There is no
typical Hobby Lobby customer."
A new HL opens in Mesa, AZ today, with another to open in the
fall. The area already has eight Michaels stores and three Jo-Ann
stores.
HL's current store count is 405 stores in 33 states. It is
scheduled to open its first store in New York later this year in the
Rochester suburb of Webster.
EMAIL: SDP CONVENTION REPORT
The 1100+ students were so excited and so happy with most all
aspects of the convention. Of course, there were a few glitches; a
few teachers who had paint problems, but DecoArt was able to
"save the day" and find paint for the teachers. Delta
and Plaid did not show, but we had Traditions, Chroma,
and DecoArt, so it was good exposure for these companies.
DecoArt had two 100- and 125- round-robin classes showing off new
products. It was really well received, and will probably be repeated
next year. Every company seems to be neglecting product education.
We introduced about eight new and extended lines – I loved the new
texture products! Fabric paint flew off the shelves! There are
certainly a lot of brush companies, all discounting and fighting for
the dollars.
The vendors always want more business, but most had done really
well on the Members- Only night, and the first day was quite good.
Saturday, the last day, was good also; yes, there were people who
had issues with sales, but they do the same thing year after year!
– Doxie Keller, a member of the SDP board of directors
MAY SALES: BETTER THAN EXPECTED
In previous issues CLN reported on numerous surveys that
indicated few consumers would not spend much of their economic
stimulus checks in stores. Apparently consumers changed their minds.
Overall retail sales in the U.S. grew 1.0%, the largest amount in
six months, the Commerce Department reported. That's double what
economists were expecting, the Associated Press reported. According
to data from Thomson Financial, of 31 retailers reporting their May
same-store sales 18 beat expectations, three met expectations, and
10 missed.
"It certainly looks as though gas tanks didn't siphon off
all of the rebate stimulus," Ken Perkins of the research firm
RetailMetrics told the AP. "Consumers were able to spend in
May."
The winners were discounters (Wal-Mart and Costco) and high-end
department stores (Nordstrom). Losers included Target, mid-range
department and mall-based apparel stores.
A sampling of same-store sales results: Nordstrom, +10.9% ...
Costco, +9.0% ... Sam's Club, +3.6% ... Wal-Mart, +3.9% ... T.J.
Maxx/Marshalls), +2.0% ... Target, -0.2% ... J.C. Penney, -4.4% ...
Limited Brands (Victoria's Secret, Bath & Body Works, -6.0% ...
American Eagle Outfitters, -9.0% ... Gap (including Old Navy),
-14.0%.
INTERWEAVE ACQUIRES AMERICAN ARTIST
Interweave has acquired American Artist, Drawing, Watercolor,
and Workshop magazines from Nielsen Business Media. The
acquisition includes special interest publications, custom publishing operations, a video platform, e-newsletters, and the
website, www.myamericanartist.com.
Terms were not disclosed.
The publications will be led by David Pyle, former Group
Publisher of The Artist's Magazine for F+W Publications and
now VP/Publisher for Interweave's Bead, Gem, and Jewelry Division,
which will be regrouped as the Art and Jewelry Division. American
Artist will maintain its editorial, design, and ad sales
departments in New York.
Interweave's franchises include six magazines for artists, 11 for
crafters, and a trade publication. Each will be sold separately to
subscribers, but Interweave will be able to sell them in packages to
advertisers which will also encompass advertising and sponsorship
opportunities around events, television, e-mail newsletters, web
sites, and online and print directories.
WHY INDUSTRY STUDIES DON'T SEEM ACCURATE
One of the most valuable benefits a good trade association
provides its members is to sponsor a "size of industry"
study. Yet many members will look at the data in the study and shake
their heads in disbelief. Here's why:
1. The data is national, yet every business is local. No
individual business is going to be an accurate microcosm of the
country or a particular product category. For example, a study might
indicate scrapbooking declined in the past year, but many individual
stores show increasing sales. The two may appear to contradict each
other, but that doesn't mean one or the other is wrong.
2. When a study questions consumers, the results can be
far different from what – and how much – retailers are selling.
A classic example is the recent Bead&Button show in
Milwaukee. Last year's event attracted 14,000 consumers, all buying
from small importers who sell directly to beaders and jewelry-makers
rather than to retail stores.
There are numerous consumer shows, particularly in rubber
stamping and beading, where consumers are spending millions,
millions that would not be included if a study questioned only
retailers. Then there's mail-order, Internet, QVC/Home Shopping, and
infomercials.
3. Consumers' definition of "crafting" is often
far different than the industry's. Consumer A wants to refinish a
desk, so he buys a can of Minwax at Home Depot. Consumer B,
an "indie" crafter, decides to make a lampshade out of
duct tape (yes, there are instructions for such a project on the
Internet) and buys the tape at a hardware store. Both of them
consider their activities as "crafting" and report their
purchases on a questionnaire.
Those involved in the scrapbooking category who are attending the
CHA Summer Show should consider attending "The Habits of
Scrapbookers: What You May Not Know." CHA's VP Marketing,
Member Services & Education, Sandy Ghezzi, will present the
latest scrapbooking data from CHA's research studies, and discuss
those results with a panel of scrapbook vendors and retailers. The
seminar is Event #S118, 2-3 pm on Sat., July 19. It's free to CHA
members ($50 for non-members), but you need a ticket. Registration
info is available at www.chashow.org.
One third of the tickets have already been ordered.
Some highlights from the study: Scrapbookers participate in a
variety of other hobbies – an opportunity to expand memory crafts
into new areas ... Scrappers most often shop in chain stores ... A
typical project takes about 19 hours to complete ... Heavy scrapers
(11+ projects/year) tend to be younger, have kids, and are employed
with higher incomes.
(Note: To see which studies are available, a history of
the industry's research, and advice on how to interpret studies,
click on Industry Research in the left-hand column.)
INSTRUCTION E-BOOKS: AN OMEN OF THE FUTURE?
Publishers and designers should take note of YouCanMakeThis.com,
a site that offers a wide variety of projects in e-book form –
almost 700 e-books in 34 categories. The emphasis appears to be on
sewing, but there are projects in digital scrapbooking,
jewelry-making, home dec, quilting, needlework, and more.
The site was launched six years ago by former fourth-grade
teacher Kim Christopherson who switched from the classroom to the
baby’s room when she became a mother. She put her projects on the
site and encouraged others to do the same.
The concept raises interesting questions and challenges for
publishers and retailers: 1. Publishers would no longer have
printing and mailing costs or excess inventory. 2. Consumers
would not have to drive to stores, and could buy only the project
they wanted, without having to buy an entire book for one particular
project.
Amazon.com's Jeffrey Bezos told the Wall Street Journal,
"Over some time horizon, books will be read on electronic
devices. Physical books won't completely go away, just as horses
haven't completely gone away. But there is no sinecure for any
technology. If you think about books, it's astonishing. It's very
hard to find a technology that has remained in mostly the same form
for 500 years."
RANDOM NOTES, RANDOM THOUGHTS
1. If you're perusing the seminar listings for the CHA
Summer Show and you come across my ugly mug, here's the deal: I'm
teaching "The Future of Scrapbooking: A Historical
Perspective" on Sat., July 19, from noon to 1 pm. What I plan
to cover is the incredible similarities between the counted
cross-stitch trend in the 1980's and scrapbooking, the mistakes
cross stitch retailers and vendors made, and what the scrapbooking
community can do to make sure history doesn't repeat itself.
Does this sound familiar? A trend that inspired thousands to open
specialty shops, hundreds to start producing supplies, its own trade
and consumer shows and magazines – I could go on and on. Everyone
involved was convinced cross stitch would be strong forever.
Seen any cross stitch shops lately?
Come join me. The seminar is S115. You can register at www.chashow.org.
2. Monica Dennis is writing a book on women who start a
business and raise a family at the same time. If that's you, or
you've faced the challenge and overcame it, Monica wants to hear
from you. To share your story – or just vent about your issues,
Monica says – email her at mydmail@sbcglobal.net
by June 30.
3. Here's my take on the A.C. Moore announcement:
In part it's a matter of geography, similar to what Leewards went
through many years ago. Leewards' (at one time the industry's
largest chain) stores were primarily in the Midwest. Then the
company opened a store in Las Vegas. One store. And that store had
to shoulder the entire burden of advertising, like an independent.
If a company has five stores in an area, then each store has to pay
only one-fifth of the advertising costs. Watch for A.C. Moore to
close stores that are the only company store in town, and open
stores where the company already has an established base.
MISCELLANEOUS NEWS: RETAIL
CORRECTION. In the last issue, CLN reported on
Hobby Lobby's recall of lithium-polymer battery chargers and
batteries. Turns out it was the wrong Hobby Lobby. Hobby Lobby Int.
is an e-commerce site at www.hobby-lobby.com.
"Our" HL is officially Hobby Lobby Creative Center, at www.hobbylobby.com.
QUOTATION. "Meanwhile, home-seamstress haven Jo-Ann
... delivered surprisingly strong first-quarter earnings after a
stretch of dismal results, thanks in part to strong sales of sewing
notions, quilting, and craft items. Same is true for Michaels
..., suggesting that consumers are going back to the basics as they
spend more time at home." – Jennifer Waters, a
reporter for the Wall Street Journal, in the June 13 edition.
STOCK. Soleil Securities downgraded Jo-Ann from Buy
to Hold. The firm said, "Although in our opinion JAS
is one of the most attractive growth stories on our list, we see
limited upside over the intermediate term, with the vast majority of
sales and earnings coming in the back half of the year,"
StreetInsider.com reported.
HANCOCK. Lost $1.9 million for the month ended May 3,
compared to a similar loss the previous month. April sales were
$18.9 million, down from $24 million in March. For the quarter that
ended May 3, Hancock reported a loss of $6.1 million on sales of
$63.8 million. In the prior-year quarter, Hancock's loss was $1.2
million on sales of $69.2 million.
AWARD. Colorbök was
awarded Supplier of the Year in Department 44 (papercrafting)
at Wal-Mart.
MISCELLANEOUS NEWS: MEDIA
SCRAPBOOKING. Linda Fantin, who often writes about
scrapbooking for the Salt Lake Tribune, reports on the effect
the Orphan Works bills in Congress would have on scrapbooking. To
read the article, visit www.sltrib.com/ci_9525286.
MAGAZINES. Debbie Bliss Knitting Magazine, a
biannual publication, will go on sale Sept. 2. It will wholesale for
$3.99 and retail for $7.99. ... Kalmbach's Make It Mine has
ceased publication. ... CNA, which had ceased publishing
hard-copy issues a few months ago, has halted its online version.
... DRG is promoting breast cancer awareness through a new
crochet pattern book, Think Pink, with 35 projects in a
variety of skill levels. A portion of the proceeds will be donated
to research. It will be available July 30.
BEADS. Visitors to BeadingDaily.com will determine
the projects in an Interweave special publication, Bead
Star. Editor Danielle Fox and her staff picked 180 finalists (20
in each of nine categories) from 1,500+ entries, and now visitors
can vote through June 18. The winners receive various prizes,
including a trip to Bead Fest Santa Fe and Bead Star hits
the newsstands Dec. 26. Visit www.beadingdaily.com/beadstar
to cast your vote. ... BeadingDaily.com has opened discussion
forums, too at www.beadingdaily.com/forums.
PR. CHA's CEO Steve Berger was interviewed for ABC News
Now's Money Matters program discussing the boom in the craft
industry, trends, benefits of crafting, size of industry, etc. CHA
reports the interview was streamed live to 37 million viewers on
digital cable and to an additional 6 million online viewers. To see
the interview, visit http://abcnews.go.com/video/playerIndex?id=5009393.
CARDMAKING. DRG released a new book, Card Making by
Number, in a spiral-bound format that includes all of the materials
to create 50 all-occasion cards. Retail, $29.99.
AWARDS. Independent Publisher magazine gave a gold Ippy
award (best independently published books of the year) to Knitting
Never Felt Better, by Nicky Epstein. Crochet Inspiration by
Sasha Kagan tied with three other titles for a bronze award. Both in
the Craft/How-To category, and both published by Sixth&Spring
Books. Visit www.independentpublisher.com.
MISCELLANEOUS NEWS
YARN. In addition to the floods in the Midwest and the
fires in California, there are forest fires in North Carolina. While
a fire is near Caron Int.'s facility, it's business as usual
there. Marketing Director Ed Hamrick told CLN, "While
the air is thick with smoke, and breathing outside is sometimes
difficult, it has in no way impacted our production or affected our
products (no smoke smell in the yarn, etc.). Our production and
warehousing areas are "conditioned" and free from the
smoke. Manufacturing and shipping are proceeding as normal."
ART MATERIALS. CLN is hearing that sales are
increasing. The cause? Some think it's due to Baby Boomers retiring
and picking up (or returning to) painting. ... The Ready to Paint
series from Search Press (Watercolour Flowers, Watercolour
Landscapes, Watercolour Trees and Woodlands) was featured
on A Good Age, a retirement and aging blog written for The
Patriot Ledger (circ. 51,105), the daily newspaper in Quincy,
MA. To read the article, visit http://blogs.townonline.com/goodage/?p=1432.
... The number of art materials exhibitors at the upcoming CHA
Summer Show is up 20% over 2007.
ART. To commemorate the 25th Anniversary of FolkArt paint,
Plaid was invited to install a temporary exhibit at the Decorative
Arts Collection Museum in Atlanta. Plaid's exhibit includes works
from such notable artists as Priscilla Hauser, Bette Byrd, Ginger
Edwards, Donna Dewberry, and many others who have been instrumental
in the development and ongoing popularity of FolkArt paint.
The museum opened in November, 2007, and houses works of artistic,
historical, and contemporary significance. Some pieces date back to
the mid 1700s and include historic American painted tin-ware and
calligraphic drawings, plus fraktur, tinsel, and theorem paintings.
PRODUCT LINE FOR $ALE. Can be added to your existing
product lines: Activity Kits, including Color Your Own T-Shirts and
Color Your Own Posters. Many original designs, including
science, nature, fun, fine art, etc. Educational, fun line with
solid potential for museum, toy, specialty, and chain stores. Email mn@thejnet.com
for detailed info.
AGREEMENT. 3M has formed a joint marketing agreement with Stampin'
Up!, in which select Stampin' Up! projects and the website's URL
will be printed on the front of the packaging of 3M craft products.
STIMULUS. As of May 30, the Treasury Department said 57.43
million payments totaling $50.041 billion have been mailed, just
under half the $106.7 billion the government expects to mail to
consumers.
CHA DEADLINES. This Thursday is the last day Summer Show
exhibitors can submit product for the Innovations showcase
... Pre-registration for non-CHA members is Friday ... Exhibitors
can now ship press kits to the warehouse.
PEOPLE. Susan Lyne resigned as CEO of Martha Stewart
Living Omnimedia. ... Best wishes to Judith Joyce, the founder
of American Traditional. She had given the reins of the
company to her son, Michael Barker, and now has joined the Peace
Corps. She will be stationed in St. Lucia as a business advisor.
STOCKS. A.C. Moore: $7.97, up $0.98.. Jo-Ann: $23.85, up
$1.34 ... Wal-Mart: $59.18, up $1.44 ... Dow Jones: 12,307.35, down
2.6%. (Note: All changes in price are since 6/13 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.
"OLD" IS WHEN...
1. Your sweetie says, 'Let's go upstairs and make love,'
and you answer, "Pick one; I can't do both!"
2. Your friends compliment you on your new alligator shoes
and you're barefoot.
3. A sexy babe catches your fancy and your pacemaker opens
the garage door.
4. Going braless pulls all the wrinkles out of your face.
5. You are cautioned to slow down by the doctor instead of
by the police.
6. "Getting a little action" means you don't
need to take any fiber today.
7. "Getting lucky" means you find your car in
the parking lot.
8. An "all nighter" means not getting up to use
the bathroom.
9. You are not sure these are jokes?
xxx
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