Creative Leisure News
306 Parker Circle
Lawrence, KS 66049
June 5, 2000
Vol. IV, No. 11
TABLE OF CONTENTS
Recently I visited the first Michaels
store to open in Peoria, IL. VERY impressive. Much nicer than the
nearest Michaels, about 40 miles away in Bloomington. Comparing the
two stores is an excellent example of building a store to fit,
versus moving into an existing structure and trying to make it fit.
If your impression of Michaels is based on an "old" store,
you are probably underestimating the company.
IDEAFOREST.COM GOES LIVE
The much ballyhooed site is up and running. The main shopping areas
are Home Accents, Needlework & Sewing, Scrapbooking and Rubber
Stamping, Floral, Crafting for the Home, and General Crafts. ... The
"Projects and Ideas" section includes Getting Started,
Quick Projects, Advanced, Group Projects, What's Cool, and Gifts.
Price Examples. Folk Art paint for $1.09 ... Bucilla
14"x14" needlepoint kit for $28.99.
Features. Street Fair contains links to other sites for
higher end art materials, decorative painting, florals, art prints
and custom framing, quilt fabrics and supplies, gifts, needlepoint
canvases, woodcarving ... "Live Help" is available 6am to
6pm PDT Monday-Friday ... There's a chat room, bulletin board,
calendar, search engine, and "Making a Difference" --
stories about how craftpeople are making the world a better place
... For a limited time, the site is offering crafters free space to
sell their projects.
People. The expert staff includes Carol Duvall, Priscilla
Hauser, Kathy Lamancusa, Suzanne McNeill, Carol Scheffler, and
Barbara Brabec -- each offering advice, projects, etc.
MICHAELS: ANOTHER RECORD QUARTER
Net income for the first quarter was $9.7 million, 30 cents/diluted
share, up 87% from a year ago and five cents higher than analysts'
estimates. Sales for the first quarter of 2000 rose 22% to $472.5
million; same-store sales increased 7%.
President/CEO Michael Rouleau said, "We are very pleased with
our sales and profit performance for the first quarter of 2000. We
posted an 86% increase over last year's net income, and are
confident in our ability to produce another great year."
During the quarter, Michaels opened 26 Michaels stores and relocated
4. The company also opened 2 Aaron Brothers stores. The current
store count is now 585.
In the conference call with analysts immediately following the
release of the quarterly sales data, Rouleau said the supply side
initiative, costing $4.5 million, is starting to show progress. The
expected results -- higher profits and margins -- should begin to
show up next year.
President/COO John Martin cited various categories for the increased
sales: ribbon (+30%) and crafts (+26%) posted the largest increases;
art supplies, seasonal goods, and framing showed double-digit
growth. Scrapbooking, glass, and candlemaking were strong too, he
said. Stores presently have about 36,000 everyday sku's and about
4,000 seasonal items.
Look for: Michaels to use the recently purchased Star Wholesale
store as a way of testing higher-end products and cutting-edge
designs for eventual sale in Michaels' traditional stores ... A
major increase in distribution center space in two years ... Fewer
ad inserts and in-store promotions, but more ROP newspaper ads.
A HEALTH SCARE FOR CRAYONS?
The Seattle Post-Intelligencer reported that two
government-certified labs found asbestos in crayons made by Binney
& Smith, Dixon Ticonderoga, and Rose Art. Of
40 crayons that were tested from the three major brands, 32 were
contaminated above trace levels. Binney & Smith makes the market
leader, Crayola, and Dixon Ticonderoga manufactures the Prang
Talc, a strengthening agent in crayons, was cited as the potential
source. Binney & Smith's talc suppliers have certified that the
talc is asbestos free.
Debbie Fanning, executive director of the Art and Creative
Materials Institute, which certifies the crayons as safe with
the AP and CP labels, told the Associated Press, "In children's
materials, we do not allow any ingredients at a level that would be
The Consumer Product Safety Commission said it had not heard of an
asbestos problem with crayons, but would conduct its own tests.
Neither the Agency for Toxic Substances and Disease Registry nor the
National Institute for Occupational Safety and Health were aware of
any reports of asbestos-related health problems among people who
make crayons, the Associated Press reported.
An asbestos researcher at the U. of Texas Health Center told the
Associated Press the risk from asbestos is "correlated with it
being fibrous and being free." If the fibers are stable or
bound in wax they're "not a problem."
Binney & Smith spokesperson Tracey Muldoon Moran said, "We
requested the newspaper's test results, as we are aware that there
are different testing methods used by different research
organizations when checking for the presence of asbestos. Although
we already adhere to all safety standards issued by regulatory
agencies that govern our industry -- and based on those standards
our crayons pose no health risk -- we've already begun a thorough
review of the talc used in Crayola crayons and will use all
information provided as part of our review.
"If the experts, regulators, and evidence indicate a reason to
modify ingredients ... we will do so," Moran added. "We've
been a trusted name in countless households across the U.S. for over
100 years, and we intend to continue to earn that trust every
"We're not particularly concerned from the point of view of a
health risk to children," said Robert Goetz of the Cincinnati
Drug and Poison Information Center, the Akron Beacon Journal
reported. "We're not going to recommend that parents make their
kids stop using crayons until this is all settled out."
The Seattle Post-Intelligencer said the tests do not prove
there is a health hazard and there are no reports of anyone becoming
ill from eating or smelling/inhaling crayons. Nonetheless, crayon
sales may be affected due to the media reports. For example, NBC
News cited a Seattle daycare center which had removed crayons from
the school, replacing them with watercolors.
HANCOCK PROFITS DOUBLE
Sales for the quarter ended April 30 increased only 1.8% to $98.1
million, but net earnings increased to $2.2 million (12
cents/diluted share), compared with $1.1 million (6 cents). Good
same-store sales, up 3.5%, and better margins were the reasons, CEO
Larry Kirk said. Inventory and bank debt declines and price
stability helped improve the company's position, too.
"The company also is benefiting from the store repositioning
strategy, aggressive remodeling, and significant product mix changes
that continue even now," Kirk said.
"The acquisitions of Northwest Fabrics and Mae's Fabrics have
been fully integrated, and the disruptions of a national signage
conversion are now behind us. For the first time in quite a while,
we've been able to concentrate more on improving our everyday
operations, and it's beginning to show," Kirk continued.
During the quarter, Hancock opened five stores and closed six. The
current store count is 452 stores in 42 states.
JO-ANN STORES: PROFITS UP 26%
Net sales for the first quarter ended April 29 rose 10% to $325.4
million and same-store sales rose 5.6%. Net income was $2.9 million
(16 cents/diluted share), compared to $2.3 million (12 cents).
Operating profit ("EBIT") improved 45% to $11.6 million
(3.6% of sales) and earnings before interest, taxes, depreciation
and amortization ("EBITDA") increased 30.6% to $20.5
million (6.3% of sales).
Chair/CEO Alan Rosskamm commented, "Our comparable store sales
performance was driven by sales increases in both our hardlines and
softlines businesses. Operating profit, as a percentage of sales,
improved over 90 basis points due to better expense leverage from
"A key milestone in our infrastructure investment occurred
during the first quarter, when we successfully transitioned to SAP
Retail in March. We became the largest U.S. retailer, in terms of
stores and SKU count, to be live on SAP enterprise-wide systems. We
have encountered no major problems, but we still have much to do to
extract the expected benefits from this system."
The company broke ground for its new distribution facility in
Visalia, CA. It will eventually service all stores west of the
Mississippi, Rosskamm said.
Officials said Jo-Ann's is on schedule with its planned real estate
program: 15 superstore openings, 5 new traditional stores, and 5
traditional store relocations this year. During the quarter the
company opened 4 superstores and 2 traditional stores, relocated 3
traditional stores and closed 5 traditional stores. Current count is
981 traditional stores and 46 Jo-Ann etc superstores.
SOCIETY OF DECORATIVE PAINTERS
The SDP convention/show was very positive. "I was very
pleasantly surprised about how good the show was," said Stan
Brown of Stan Brown's Arts & Crafts. "I think it was my
best so far."
Trends: Discounting! Becoming much more widespread. "It
worries me that this wonderful show may turn into a flea
market," one officer said. "But there's nothing for the
Society to do -- this is the fair trade laws we are talking
about." ... The buyers (from 20 countries) seemed very
responsive to most things; one in particular was the Paintability
concept by Tracia Williams and Tera Leigh.
Booth Promo: At Dick Blick's booth, there was a
5'6" white plaster pig, and as the show progressed, Ralph Scott
painted a landscape on its side. It was the talk of the show and
drew people back to the booth to see Scott's progress.
Classes: About 2200 registered for classes ... One of the
most well received and talked about Special Events was Michelle
Temares' Color Secrets seminar.
Officers: Betsy Edwards, President; VP/Pres. Elect: Mary
Wiseman; and Treasurer, Jerry Kline (Eas'l Publications).
At-Large board members: Audrey Gusmano, Joan Porter, Ann Johnson,
and Sharryn Kneshtel. Returning Board Members: Doxie Keller, Andy
Jones, Prudy Vannier, and Sheila Rouse.
News: Dues were increased from $30 to $35 for individuals and
from $60 to $65 for businesses ... Membership has grown to 26,603
and should surpass 27,000 by year's end.
Awards: The Silver Palette to Gail Bonifay ... Dedicated
Service to Vi Thurmon ... President's Commendation to Bev
Marx ... The new Priscilla Hauser Business Award to Bill
Stephan (Viking Publications).
Learn to Paint: The massive promotion (54,000
consumers painting a papier mache box on September 16th) created
lots of excitement -- more chapters organizing classes at their
local retail stores, etc.
MICHAELS.COM TO DEBUT SOON
Michaels' CEO Michael Rouleau told stock market analysts
Michaels.com will begin its e-commerce effort in July, with 20,000
art prints and posters. The site will begin selling craft kits and
books in the fiscal third quarter.
The revamped site will begin in a few weeks with enhanced content,
including many features such as free projects, a store locator, FAQ
(frequently asked questions), etc. Judith Brossart, the former
Editor of Crafts magazine, is consulting with the company and
acting as Director of Content.
The current site is no slouch, either. In April, the site attracted
141,000 visitors and ranked 5,876th of the top 10,000 sites,
according to PCDataOnline. In May the ranking was 8751st with 96,000
An agreement is being negotiated with a distributor to handle the
e-commerce fulfillment. Unlike some click and mortar operations, the
500+ Michaels stores will accept returns that had been ordered from
TRADE/CONSUMER SHOW REPORTS
1. Japan Hobby Show. Not many U.S. exhibitors but a huge
crowd of consumers and trade buyers, up from last year. Vendors can
sell from their booths; many retailers and distributors use consumer
reaction to influence their buying decisions. U.S. vendors were
pleased, but needed an interpreter in the booth and the lack of
badges made it difficult to distinguish consumers from trade buyers.
Vendors said Japanese don't insist on "quick and easy"
projects like U.S. consumers, although younger Japanese consumers
are more like their U.S. counterparts. The consumer seems to prefer
more sophisticated, understated designs. The trade buyers are more
cautious and relationships will not happen overnight. The U.S.
vendors we talked to raved about Tokyo, despite the expense, and
plan to return next year.
2. The Stationery Show. Very busy -- 1,450 exhibitors in
about 300,000 sq. ft. The attendance was about 18,000 with three
other shows running simultaneously (design, home dec, furniture,
etc.) ... There were a number of complaints that too many buyers
were not traditional brick-and-mortar retailers ... Some exhibitors
predicted that extensive consolidation among manufacturers was on
the near horizon ... Numerous craft manufacturers walking the show
... Still a heavy overlap with memory -- most of the live demos
related to scrapbooking. Word spread through the show that a paper
company wrote $90,000 in orders the first day ... "This show is
a great one for inspiration and fashion/design," said Richard
Kennepaske of Delta. "I came back with a bunch of ideas
that could be turned into product lines."
3. Quilt Market. From Kaye Wood: "Was terrific,
as usual .... We picked up several European distributors. They were
interested enough to actually take my "Take and Teach"
classes so they will be prepared to answer shop owner questions.
Shop owners seem very aware of what is shown on TV, and realize the
benefits to their shop. We are trying to help them by letting them
know ahead of time what we will be showing on PBS. Shop owners were
more positive than ever, and there were lots of new ones.
4. MEMORIES EXPO. The first Expo in Chicago
attracted 100+ booths, 341 trade buyers, and 3,232 scrapbookers. The
next Expos are October 6-7 in Orlando and November 10-11 in
Philadelphia. Call 740-452-4541, ext. 3141; fax 740-452-2552; email firstname.lastname@example.org
or surf to www.memoriesexpo.com.
ACQUISITION. The assets of one of the industry's best known
was sold to Bemiss-Jason,
itself a manufacturer of craft, school, and office supplies. Westrim
had been a major creditor of the old MJDesigns. Westrim
President/CEO Gary Deitsch remains as President of the Westrim
Division of Bemis-Jason.
FOR SALE, I. The intellectual property of Jean Farish
Needleworks and Spirit of Cross Stitch, including all
designs created from 1981-1999; rights to 14 instructional video
tapes; a special interest video on antique needlework tools; and the
13-part TV show, which can be syndicated. It also includes the
service mark protected name, Spirit of Cross Stitch. Call Joe
Carroll at 336-474-6506.
FOR SALE, II. The Wolfe
Pack line of outdoor adventure and sports papers for
scrapbooking. 100+ skus. Customer base of 400+ stores. Has the Creating
Keepsakes' "Approved Product" seal and won the Golden
Scissors award two years in a row. Call President Laury Wolfe,
in confidence, at 800-331-9941; fax 303-684-0178; email email@example.com.
See the line at wolfe-pack.com.
MAY SALES. Same-store sales figures were mixed for retailers.
Retailers connected to our industry: Michaels,
+8% ... Wal-Mart, +7.3%
... Ames, +1.8% ... Target,
ACCI. Take the survey at the redesigned website, accicrafts.org.
And on June 15th you'll be able to see an interactive floor plan of
the ACCI show which allows a buyer to plan his/her navigation of the
show floor. There will be an extensive listing of exhibitors' show
SHOWS. The prospectus for the HIA
show, January 28-31 in Anaheim, has been mailed. The priority point
deadline is June 23rd; the deadline for workshop reservations and
"SuperShop" proposals is July 21. Call 201-794-1133; fax
201-797-0657; email firstname.lastname@example.org;
surf to www.hobby.org.
HOME DEC. Plaid,
Sherwin Williams, and Disney have created "Disney Color",
a line of home dec products -- paints, stencils, borders, decorative
stamps, etc. -- to be released this summer. Sherwin Williams will
offer room paint in satin and semi-gloss.
ALLIANCE. Janlynn is now
the exclusive North American distributor for ARTY's/Sinoart
and ARTY'S is the exclusive distributor for Janlynn products in most
of Europe. There will be 48-hour order turnaround on both
continents, officials promise.
STOCK. PMG and Southwest Securities reiterated coverage of Michaels
KIDS. Zany Brainy reported a net loss of $5 million
for the first quarter, compared to last year's $1.4 million, due in
part to same-store sales dropping 23%. The rival Zany is buying, Noodle
Kidoodle, said same-store sales fell 15%. Officials at both
companies attributed the declines to a drop in sales of Beanie
Babies. Zany's acquisition of Noodle Kidoodle is expected to be
completed this summer.
xINRG. The International Needleart Retailers Guild's
trade show is July 28-30 in Charlotte, N.C. Education programs begin
July 26, and the annual Ginnie Awards, sponsored by the Charted
Designers of America, will be held in conjunction with INRG's
social gathering, "Block Party 2000", on July 27. Call
706/628-5684; fax, 706/628-4475; e-mail, NMItradesh@aol.com;
or surf to www.stitching.com/nmi.
PEOPLE. Industry veteran Pete Rutley is Sales & Marketing
VP for Allstate Floral
& Craft ... Syndicate
Sales hired Marla O'Dell as Product Development Director ...
Bill Shugarts is the Arts & Crafts Manager in the Consumer
Products Division for Reynolds Metal Company ... Steve
Wiggins is the new VP of Sales for Artis ... Steve Morowski
is the Senior Kids Buyer for Michaels
... Denise Miller is Packaged Products Manager for Accu-Cut
... Bruce Cottew, NAMTA's
Executive Director has resigned.
JOBS, I. One of our favorite people in the industry, Linda
Walter, has been promoted by FPC to National Sales Manager of
the Hardware Division. She'll continue to oversee the Floral &
Craft Division. Now she needs to find a replacement for herself as
the National Sales Manager of the Floral & Craft Division. Fax
resumes to Linda at 847-487-0174. Responsibilities include working
with key accounts, wholesalers, sales reps, trade shows, etc.
JOBS, II. An Eastern manufacturer needs an Internet/Customer
Service Assistant. Needs someone with a degree, perhaps a bit of
professional experience, and an understanding of the Internet -- but
it's not a technical position ... Northeast craft manufacturer is
looking for a domestic sales manager. Experience in the craft and
toy industries is desirable. Some travel required. For more info,
call Mike Hartnett, in confidence, at 309-925-5593 or email email@example.com.
PEOPLE. California-based industry pro experienced in sales
management, key accounts, special markets, brand management,
sourcing, purchasing and product development ... 20+ industry years
experience in sales, marketing, licensing, etc. Can relocate. Call
Mike Hartnett, in complete confidence, for more info on both people.
NEW STORES. Zany Brainy opened stores in Dayton, OH;
Mira Mesa and La Mesa, CA; Tulsa, OK; and Orlando, FL. The Orlando
store is the company's first in Florida; a second Orlando store
should open later this year. The current store count is 109.
is changing its needlework department. A vendor said, "More
racks to pack more stuff on the wall.... Now A.C. Moore is
pulling these type racks off the wall; they said consumers don't
like needlework this way! Well, tell me which one is correct?"
BANKRUPTCY. World Bazaar is in liquidation. Assets
will be auctioned June 16.
INTERNATIONAL. In a speech at the annual meeting of the
International Council of Shopping Centers, John Menzer said Wal-Mart's
international division will undergo tremendous expansion. Annual
sales are currently $23 billion. Menzer, the former President of the
old Ben Franklin and now President/CEO of the discounter's
international division, pointed to China, South America, and Europe
as the major targets. Even Turkey and Africa are in the plans.
Currently Wal-Mart is constructing a subterranean store below a
soccer field and stadium in China, Menzer added.
TV, I. Cutter
Productions has released the new 800 Series of For Your
Home to PBS. It will air throughout the summer and fall in 125+
markets. Underwriters include Bernina, Delta,
& Bainbridge, and Armour Products ... Cutter will
release the new 400 series of GLASS with Vicki Payne in early July.
Underwriters include Fletcher-Terry,
Cooper Tools, Cascade Metals, Plaid,
Glastar, and Armour Products.
TV, II. Quilting From the Heartland (series 1000),
"A Slice of Quilted Spice" with Shar Jorgenson uplinks
July 30th. Call your PBS station. Sponsors are McCall's Quilting,
Sewing Machines, Dritz, Gammill, Sulky,
Viking Distributors, and Rowenta.
CROCHET. Annie's Attic will host the premier consumer
crochet event, Crochet Renaissance 2000, at the Wyndham Franklin
Plaza Hotel in Philadelphia, September 7-10. There will be a
merchants' mall with almost 60 vendors, and 110+ classes taught by
Annie Potter, Lily Chin, Lydia Borin, Gloria Tracy, and other top
teachers. There's an autograph party, a banquet, and a breakfast
with crochet historian Nancy Nehring. For registration or exhibit
info, write to Crochet Renaissance 2000, 1 Annie Lane, Big Sandy, TX
75755; call 800-AT-ANNIE; or surf to www.CrochetRenaissance.com.
SALE? Gillette is in exclusive negotiations with Newell
Rubbermaid to sell its stationery businesses, including Paper
Mate, Parker, Waterman, and Liquid Paper
lines. Gillette said it expects negotiations to continue for several
weeks. Newell owns Berol, among other lines ... ShopKo is
purchasing the 49-store chain, Place Stores, for about $22 million
and assuming $19 million in debts; it will make it part of the Pamida
division, increasing Pamida's square footage by 36%. Pamida operates
165 stores. The Place outlets are in MO, IA, KS, and IL.
QUOTATION: "Too many people in the industry -- chains,
distributors, retailers -- are trying to make money off each other
rather than the consumer."
CORRECTION. In our last issue we printed an incorrect url. It
should have been www.alpineimport.com,
the e-commerce site for Alpine Import.
JAPANESE SITE. American-Craft.com
sells U.S. products in Japan. Current U.S. companies are Accents
Unlimited, AMACO, Craft
House, Delta, Design
Originals, Endar, Lotus California, Needle
Magic, Plaid, St. Louis
Trimming, Toner Plastics, Walnut
Hollow, and Westwater. Individual products are sold to
consumers, and power panels and such are sold to retailers and
distributors. The site is operated by Dean's Inc. in Hawaii and New
Approach Inc. -- the company led by industry veteran Peter Russo.
The operation is structured to be an "overseas office" for
U.S. manufacturers. Contact Sandy Lee and Wayne Kamitaki, 333
Kilauea, Ste. 2145, Hilo, Hawaii, 96720. 808-933-1908; fax
808-933-19090; email firstname.lastname@example.org.
CRAFTOPIA. Has started a Community Gallery were
consumers can exhibit their projects. Go to http://www.craftopia.com/shop/link16.asp.
CRAFTCLICK. Purchased its 15th site, CraftCentralStation.com,
a portal site based in Alberta, Canada, which boasts approximately
100,000 unique users/month and 15,000 registered members. CraftClick
will immediately add "integrated e-commerce
functionality." ... Started an affiliate program whereby other
online retailers and content providers can earn commissions on
CraftClick product sales.
portal site sponsored by Clapper
Communications. It contains info about Clapper magazines,
free projects, tips, chat rooms, bulletin boards, contests, and a
small e-commerce section. The site has won numerous awards and
attracted 285,502 visitors in its most recent month.
an educational toy online retailer, is ceasing operations.
completed a deal to acquire NextPlanetOver.com,
an e-commerce site featuring comics and action figures.
THE CREATIVE NETWORK: JOB OPENINGS
The only personnel recruitment firm specializing in our industry has
the following job openings. For more information, call 360-834-0802;
fax 360-834-0702; Email email@example.com;
or check the website at www.creativenetworkinc.com.
Atlantic: Sr. Product Manager (school, home-office) ...
Product Manager/Marketing Manager (crafts).
Mid Atlantic: Sales/Marketing VP (crafts/soft goods) ... Sr.
VP Marketing (crafts/soft goods).
Mid West: Creative Director (crafts/gift) ... Copy writer
(crafts/gift catalogs sales, collateral materials) ... Art Director
-- catalogs, newsletters (crafts/gift) ... Art Director -- Products
(crafts/gifts) ... Art Director -- Books (crafts/gifts) ... Art
Director -- Marketing (advertising experience) ... Art Director --
Website - (crafts/gift).
New England: Asst. Art Director - (sourcing artwork, work
with artists) ... Designer/Production (understand pre-press, create
North Central: Licensing Manager (write, negotiate contracts)
... Licensing Manager (manage the creative process) ... Designers --
10 positions (gifts, collectibles, toys, ornaments) ... Copy Writers
-- 3 positions (brochures, catalogs, magazine inserts, packaging)
... 3D Graphic Artist (design consumer products) ... National
Account Sales (gifts, specialty accounts) ... Sr. Designer/Product
Development (dolls, plush) ... 3D Designer/Product Development ...
Group Marketing Manager (direct marketing experience) ... Direct
Marketing Manager - 3 positions.
Pacific: New Product Manager (marketing experience) ...
Design Coordinator (clothing, must have sourcing experience) ...
Product/Project Manager (manage production).
South Atlantic: National Sales Manager (gifts, specialty
South Central: Sales/Marketing (gifts/home dec).
CREATIVE NETWORK: JOBS OF THE
Position: Asst. Art Director ... Location: Woodstock,
VT ... Salary: $45-50K Company: Contracts with artists and
museums for the rights to produce artwork as posters, and acts as a
licensing company to place artists' work with a wide variety of
manufacturers ... Description: Assist in taking new art up to
where it is picked up by the production staff as a "go"
project; work with graphic designers; responsible for follow-through
with artists; assist in discovering and developing marketable
artwork for print publishing and art licensing; help research
artists and artwork; and develop working relationships with artists.
Position: National Sales Manager ... Location: Florida
... Salary: $78-88K, +bonus and benefits ... Description:
Direct sales activities for the gift and specialty distribution
channels; develop industry-specific merchandising programs for all
product lines; work with marketing and product development
departments; hire, train, and manage rep firms; build and direct the
emergence of Internet business-to-business e-commerce; forecast
quarterly and annual sales volume; and manage national trade shows,
events, and budgets ... Required: Sales experience in the
gift and specialty channels.
For more information, contact The Creative Network at
THE CLN RETAIL INDEX IN MID MAY
A. C. Moore (ACMR). Last*: 5 7/8 ... Change**: UNC
Ames (AMES). Last*: 11 9/16 ... Change**: -3 1/4
Hancock Fabrics (HKF). Last*: 4 11/16 ... Change**: +3/8
Jo-Ann Stores (JAS.A) [a]. Last*: 9 5/16 ... Change**: +5/16
Michaels (MIKE). Last*: 44 15/16 ... Change**: +1 7/16
Rag Shops (RAGS). Last*: 2 3/16 ... Change**: + 1/8
Wal-Mart (WMT). Last*: 59 1/16 ... Change**: +2 3/16
CLN Retail Index. Last*: 137.625 ... Change**: +0.9%
Dow Jones Index. Last*: 10,794.76 ... Change**: +1.7%
* June 2 ** from May 12 [a] voting share Note: Prices are
exclusive of dividends
Note: Creative Leisure News is published on the first
and third Mondays of each month; your next issue will be Monday,
Have any rumors you need checked? Company news or comments on
industry issues? Call Mike Hartnett, in confidence, at 309-925-5593;
fax 309-925-9068; or Email to firstname.lastname@example.org.