Archive for August, 2007
Jo-Ann Stores Releases Second Quarter Report
Wednesday, August 29th, 2007Jo-Ann Stores reported today a net loss for the second quarter of $18.4 million or 76-cents per diluted share, compared to a net loss of $21.2 million or 90-cents per diluted share last year. Net sales for the quarter increased 7 percent to $388.5 million from $363.2 million and same-store sales for the period also […]
Industry News
Tuesday, August 28th, 2007* Condolences. Tom Dubay, vice president of Sulyn Industries, passed away earlier this month after a long battle with cancer.
* People. Beth Bradley, associate editor, and Ann Hardell, art director, Sew News and Sew Simple magazines.
* Stamping. Close To My Heart, the stamping and scrapbooking direct sales company, has designated September as National Stamping Month, […]
Staedtler Takes Over FIMO Distribution
Tuesday, August 28th, 2007On October 1, Staedtler Inc. is scheduled to take over distribution of FIMO polymer sculpting clay, which is manufactured by its sister company, Eberhard Faber GmbH in Germany. FIMO has been distributed by American Art Clay Co. (AMACO).
According to Michael Wiesmann, president and ceo of Staedtler’s USA subsidiary, “The FIMO brand was originally distributed by […]
Industry News
Monday, August 20th, 2007* Internet. Jo-Ann Stores has signed a letter of intent to purchase the remaining 62 percent interest of IdeaForest.com, the parent company of Joann.com. The two companies joined forces in 2000 to launch Joann.com.
* Digital Magazine. Digital Scrapbooking magazine now offers a digital version at www.DigitalScrapbooking.com. Subscribers can access it at no extra charge. The […]
Investment Firm Acquires Membership Group
Tuesday, August 14th, 2007Pilot Group, a brand focused, New York-based private investment firm has acquired North American Membership Group (NAMG), which includes the Creative Home Arts Club and Today’s Creative Home Arts Magazine. NAMG operates 11 national enthusiast membership clubs aimed at enhancing activities for engaged consumers, employing multiple media channels and benefits, along with information to enhance […]
Jo-Ann Sales Increase
Thursday, August 9th, 2007Jo-Ann Stores’ same-store sales for the second quarter increased 7 percent. Net sales for the period ended August 4 also increased 7 percent to $388.5 million from $363.2 million last year. Year-to-date same-store sales increased 4.2 percent and net sales for the six-month period rose to $812.7 million from $787.9 million.
“We are pleased with our […]
Industry News
Wednesday, August 8th, 2007* TV. America Sews with Sue Hausmann, series 2500, uplinks Sunday, September 30, from 1200-1230/513 via NETA. For information, contact KS Inc. Productions at 800/348-3909, or e-mail info@ksproductions.org.
* Consumer show. Offinger Management is combining three consumer shows into one big event. The Orlando Needlework Show, Bead and Art Glass Fest, and Memories Scrapbooking Expo will […]
A.C. Moore Second Quarter Report
Wednesday, August 8th, 2007A.C. Moore’s second-quarter same-store sales decreased 10 percent while total sales dropped 4.1 percent to $124.4 million from $129.8 million. The net loss was $0.3 million, or 2-cents per share, compared with a net loss of $1.8 million, or 9-cents per share, in the second quarter of 2006. Second-quarter 2007 results include a charge of […]
MSLO Announces Investment
Tuesday, August 7th, 2007Martha Stewart Living Omnimedia (MSLO) released a statement saying it has co-invested with GTCR Golder Rauner (GTCR) $10 million cash in Wilton Products, which was formed by GTCR’s acquisition of Wilton Industries and Dimensions Holdings, and which includes EK Success, which GTCR already owns. The deal will allow MSLO to expand its venture into the […]
EK Makes Acquisition
Thursday, August 2nd, 2007EK Success, which was acquired in February 2006 by private equity firm GTCR Golder Rauner LLC, has acquired Wilton Industries and Dimensions Holdings. The combined companies will be called Wilton Products and will be headquartered in Woodridge, Illinois. Steven Fraser, Wilton’s president and coo, will oversee the combined businesses as chairman and ceo.
EK Success, Dimensions, […]