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Do you ever find yourself in the hot seat? We all have at
some point. Being in the scrapbooking industry right now
means everyone is in the hot seat or as Dennis discusses, we
are in an industry pressure cooker but there is a way to
release the heat. Learn how to cool things off in Dennis’
article.
Keep on top of the industry’s hottest news and trends with
us this week and always. Remember we’re in this together no
matter how hot it gets!
Jami Petersen
newsletters@a-z.com |
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Tragic Magic |
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Tragic Magic
The next
Scrapbooking mystery takes readers back to New Orleans, where
there are spookies, foodies—and crafty killers. Carmela, owner
of Memory Mine scrapbook shop, and her best friend have a big
project converting an old mansion into an unforgettable haunted
house. But when Carmela’s client turns up dead, she finds
herself in some deep gumbo again. Discover more Tragic Magic
including recipes and scrapbooking tips.
Click here to learn more about this scrapbooking mystery...
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News you can use
about the latest media coverage of hot
trends, noteworthy events and dynamic
industry leaders. Learn more about the
current headlines in arts and crafts by
clicking on the title of each article
segment.
Michaels Stores, Inc. Reports $35
million Improvement in Net Income.
Michaels Stores, Inc. reported net
income for the quarter ended October 31,
2009, of $15 million compared to a $20
million loss for the quarter ended
November 1, 2008. For the first nine
months of fiscal 2009, the Company
reported net income of $21 million
compared to a $70 million net loss for
the same period of fiscal 2008.
CRAFT Magazine Calls It Quits.
According to the website, "Our
craftzine.com community is thriving. At
the same time, print magazines are
facing rising production costs and
shrinking ad markets. Therefore, it
makes less sense for us to publish two
separate print magazines in the DIY
space. Craft: Volume 10, our Celebration
issue, will be the final issue of CRAFT
magazine." The publishers will continue
to print MAKE Magazine.
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Advertisement
The Memory Tradeshow |
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The Memory
Tradeshow is the premiere market for scrapbooking and related
products, family history and digital imaging.
It is the most important gathering of this industry regionally,
and it’s attracting executives from all sectors: manufacturers,
retailers, distributors, suppliers, sales reps, designers and
press. The show’s goal is to provide the highest ROI show within
the industry with a greater focus on the business of the memory
industry, education and best business practices.
Learn more and save >> |
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The Industry
Pressure Cooker
by Dennis A. Conforto, A-Z Media Group, Inc. |
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If
you're old enough, your memory of pressure cookers is probably of a steaming,
spitting monster of a pot, noisily rattling on the kitchen stove. This is my
memory of pressure cookers and it has made me afraid to even be around them. As
I kid I thought it was like looking at a cooking bomb ready to explode on top of
my grandmother’s stove.
Pressure cookers look like other kitchen pots, except their lids are more
elaborate with gages and snap-down locks, and they weigh more than a regular
kitchen pot. They work by completely sealing what you want to cook inside the
cooker. When the liquid inside boils, it is trapped inside the pot. Having
nowhere else to go, steam builds up pressure.
Today the scrapbooking industry is in a pressure cooker of its own creation.
While it’s been hard on many retail and manufacturing businesses, the pressure
cooker can be a good thing for those who have their eyes wide open and are
willing to change.
Long before the economy began slowing down we as an industry were already
decreasing business because we placed more focus on new product introductions
rather than introducing new customers to scrapbooking. In the National
Scrapbooker’s Trend report, over a four year period of time we reported major
shifts not only in shopping patterns but in spending patterns of scrapbookers.
The pressure continued to build as retailers started to see fewer consumers
coming into retail stores, and the customers who bought the most in the past
were buying less. With less customers coming in there was less cash to promote
the category. And the pressure started to build!
At the retail level, retailers for the most part relied on word of mouth rather
than spending at least 5% of revenues on advertising. When the industry had the
chance to spend $125 million in advertising to increase awareness for the
category we spent collectively $25 million. That $100 million shortfall year
after year took its toll on the industry. And the pressure was on.
The scrapbookers started to change as well. The industry as a major product
category grew older by another decade as did the scrapbookers within that
community. Most after hitting what is known as the seven year walk didn’t give
up scrapbooking rather they slowed down their activity as well as their
purchasing. The trend reports began to show a shift in lower income consumers
being limited in what they could purchase. As younger scrapbookers came into the
market place they began to search for other options that would help them fully
express their creativity. Thus this new scrapbooker brought in the introduction
of technology through personal computers, software and the internet. And the
pressure continued.
Something new now adds pressure to the cooker we were all in - competition from
the digital world. The funny thing is they know so little about our industry
that they don’t see the scrapbooking industry as competition at all. However,
within the trend report again we see this major shift of our primary market
getting involved more and more in the world of digital photo books.
The pressure cooker we have created has contributed to the failure of thousands
within the industry. However, this is not the end of the story but perhaps the
beginning of a new story. I have great confidence that at the end of the day as
an industry we will start to focus more on new consumers and less on new product
introductions. I believe that we will see the strength of synergy with the
digital world. I believe that good business people will see the wisdom in moving
inventories faster and create and implement industry-wide policies. I believe
that manufacturers will truly understand that keeping independent retailers
alive and healthy is in their best interest in terms of keeping the retail
sector balanced.
Now the question is when will this take place and when as a group will we
finally walk out of the pressure cooker? The answer is when the gain of change
out weighs the pain of remaining the same. I believe the darkest days will soon
be behind us and a brighter day will arrive. And looking for the bright light in
the middle of a dark time is what being business SMART is all about. |
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Press Release: The
Creativity Collection now available across
Canada
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The Creativity Collection by Paris Hilton was created and
designed for teens and young adults. The line consists of
scrapbooking accessories, albums and embellishments for the
consumer to personalize their memories, objects and fashion
accessories.
“Paris Hilton Entertainment is pleased to be partnering with
Wooky Entertainment to launch Paris Hilton, the Creative
Collection in Canada” explained Paris Hilton (President) of
Paris Hilton Entertainment. “These fashion kits reinforce
creativity and individual style - my personal hallmarks.
Sharing these ideals with young women through these crafting
will can instill a greater sense of accomplishment,
achievement, and personal worth.”
Paris Hilton is doing a monthly blog on scrapboking.com. In
December, Paris will write about a gift box she made for her
sister Nicky for Christmas with the scrapbooking layout
concept. "The gift box is a big part of a gift creativity
and is accessible to everyone. Anyone can add a personal
touch to a gift presentation. This is something easy for
everyone and so appreciated.
Paris Hilton invites people to join her new Creativity
Collection fan club at
www.pariscreativity.com and exchange different ideas and
concepts with her products of the Creativity Collection are
also available for purchase online at
www.pariscreativity.com.
Wooky Entertainment is based in Montreal, Quebec, Canada and
is a leading producer of arts & crafts for the tween and
teen market. Their product lines include the fashion craft
lines of Style Me Up! ™
www.stylemeup.com and Paris Hilton the Creativity
Collection™
www.pariscreativity.com . Wooky products validate the
teen drive for independence by providing kids with a
creative outlet and the tools needed to create stylish,
individualized fashions on clothing, scrapbooks, jewelry and
more.
www.wookyentertainment.com.
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