Top

Archive | News

Update | 7.10.2014 – Two Peas, Shutterfly, Shimelle, and more!

Two Peas in a Bucket announced today that they will stay open for sales and content viewing until July 24th:

Due to the overwhelming response to our clearance sale, we will be shipping orders through the end of the month and have decided to keep the site operational thru 7/24/2014 and expect the last order to go out the door on the 25th.

The extended time gives the site’s users extra time to use the export tool developed by Scrapbook.com to save their galleries by transferring their images and descriptions to the Scrapbook.com gallery. Click here for more information on how to use the gallery export tool.

As the summer product releases approach for the second half of the year, some companies are clearing out the warehouse to make room for them. Elle’s Studio is holding a summer warehouse sale. Unlike most companies, which usually sell “grab bag” style boxes, Elle’s Studio is selling inventory by the individual item through their online store so their fans can buy just exactly the items they want. The sale will last until 7/21 or while supplies last. Continue Reading →

1

Ali Edwards Leaves Technique Tuesday

Technique Tuesday announced today that long-time signature designer Ali Edwards is leaving the company.

Nancy with Ali Edwards(pictured above: Ali Edwards, on right, with me at the 2012 Craft and Hobby Association Winter Show)

The Ali Edwards line was the first signature line developed by Technique Tuesday, and it has been a favorite of scrapbookers since its introduction in January 2009. It was later expanded into a monthly auto-ship stamp club called Studio AE in addition to the line’s regular product releases. Continue Reading →

5

Good News for Two Peas In A Bucket Customers

Two new announcements will make the closure of Two Peas In A Bucket a bit easier on the site’s legions of fans.

On June 10th, Two Peas quietly opened an Etsy store carrying their signature flair and wood items. The store currently has 176 flairs and nearly 100 wood items listed for sale. This is great news for fans of the company’s edgy, graphic style. (Note to self: Definitely must order this flair badge for scrapping my 10 hour flight home from Germany in January while deathly ill with the flu.)

For those wishing to preserve their content from the Two Peas gallery, there is even better news: Scrapbook.com has created an automated tool to import your Two Peas gallery into a Scrapbook.com account! The tool preserves publication dates, title and description of the post, as well as importing the image.

To use the Scrapbook.com importer, click this link after first logging in to your Scrapbook.com account. You’ll need to know your Pea Number from your Two Peas account to make it work.

For those waiting to place orders at Two Peas hoping for heavier discounting as the sale progresses, you may be out of luck. The site’s virtual shelves appear almost bare in most brands, although there is still some stock in the American Crafts family of brands due to the large proportion of inventory of the company’s products the store was carrying before the closure announcement.

11

Hobby Lobby wins Supreme Court Case Challenging ACA Mandate

The Supreme Court announced this morning that Hobby Lobby has won its case challenging the Affordable Care Act’s mandate that requires companies to provide free contraceptives as part of their healthcare plan. The case was decided by a 5-4 majority with a decision authored by conservative Justice Samuel Alito.

In the opinion, the court granted “closely held companies” the right to the same accommodations that the government gives nonprofit organizations with religious objections to contraceptives. The narrowly-written opinion specified that it only applied to the contraceptive mandate and should not be construed to allow the withholding of coverage for other medical services or to allow discrimination on religious grounds.

The court indicated that the government should take on the responsibility of providing the coverage for the contraceptives that are objected to so that there is no coverage gap for employees.

How did Hobby Lobby end up suing the government?

It’s not often that a crafts industry company not only makes national news, but makes national law. How did we get to this day? Continue Reading →

Michaels IPO Closes Barely Up On Opening Day

After what can only be described as an unimpressive performance on its first day of trading on the NASDAQ, Michaels Companies (MIK) stock ended the day at $17.02, two cents above the price the IPO started at this morning.

After a brief initial dip that took the stock as low as $16.655 in the first half hour it was trading, it began a slow steady climb that took it to a high of $17.25 shortly before 1pm. The rest of the afternoon was a slow slide back to pennies above the initial offering price, where it hovered for most of the last hour of trading before closing at $17.02 for the day. Volume has been light in the first hour of after hours trading, with the price bouncing between $17.01 and $17.05 before settling again at $17.02.

A comparison to Thursday’s IPO by wearable camera manufacturer GoPro puts the Michaels IPO in perspective. GoPro (GPRO) launched on the NASDAQ yesterday morning at a price of $24/share. It closed its first day at $31.34, and by market close today, was trading for $35.76.

The Michaels IPO has not been met with optimism by most financial industry commentators. Jeff Macke, who is the host of Breakout for Yahoo Finance, seemed to sum up the sentiment of Wall Street when discussing the stock on Breakout’s “Hot Stock Minute” segment today, saying “This is not a growth story.” Macke acknowledged the company’s position as an industry leader, but added that he felt the company would be better off remaining private.

0

Michaels CEO Rings NASDAQ Opening Bell for Michaels IPO

Michaels Stores CEO Chuck Rubin rang the opening bell on the NASDAQ exchange this morning to celebrate the start of trading of Michaels IPO on the exchange today.

Since the high-tech NASDAQ exchange does not have a physical trading floor, the exchange uses a location in New York’s Times Square for its bell ceremonies instead. Below, Michaels CEO Chuck Rubin (left) poses with NASDAQ CEO Robert Greifeld (right).

Continue Reading →

1