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Tag Archives | Amazon.com

Update | Taxes, Growth, Exclusives, Earnings, Events, and More!

Taxes. Senator John Thune (R-South Dakota) has proposed a bill that would affect how companies like Etsy, Lyft and AirBnB have to report their sellers’ income to the IRS. The bill would lower the income threshold that requires reporting by these entities to the IRS from $20,000 to $1,000 per year. It’s estimated by one tax policy expert at American University that the policy change, if implemented, will result in billions of dollars of new taxes being collected from sellers in the sharing economy who previously didn’t report their income.

Predictions. Market research firm Technavio has just made a new report available on the Global K-12 Arts and Crafts Material Market that predicts that market will grow at a CAGR of over 2% from now until 2021. To purchase the full report, visit the Technavio website.

Exclusives. Sizzix has announced that its Big Shot Jewelry Studio machine and an exclusive collection of jewelry dies and embossing folders are now available in a limited number of Michaels Stores. Only 30 stores – less than 3% of Michaels stores – are scheduled to stock this collection. To see the list of stores, visit the Sizzix website.

Bella Blvd Designer Day

Events. Registration is now open for Bella Blvd’s “Designer Day” event that will take place in Milwaukee on October 12th. The event will feature classes by Illustrated Faith designer Shanna Noel, Megan Hoeppner, Cynthea Sandoval, Jamie Pate, and Bella Blvd founder Stephanie Smokovich.

Deep Thoughts. Vicki O’Dell has a thought-provoking blog article up about the concept of being a “serial crafter”. I’ve long believed that most crafters tend to migrate through multiple crafts over the course of their lives. It’s an interesting thought to contemplate both from the standpoint of what it means for craft marketing, and what it means for the careers of professional crafters.

Security. In modern marketing, social media accounts are a vitally important company asset. They are also a major target for hackers, and a successful hack can cause at best a PR crisis or at worst the complete loss of social marketing assets. To combat this threat, Pinterest has just announced it is rolling out several new security features to help keep its users’ accounts secure. Turning on the new two factor authentication will require providing a code sent to your phone before you can log in. A list of logged-in devices on their account will also be available for Pinterest users, allowing them to disconnect ones they do not recognize. In addition, Pinterest will begin notifying users via email if a device not previously used on the account logs in.

Expansion. Hobby Lobby’s new store in the Lake Park area of Palm Beach has had its opening delayed until after the first of the year by what the company calls issues with getting permits. Another new store in progress, in Turlock, CA, is expected to open in September. A hiring event for 30-50 positions for the new store will be scheduled once an opening date is set.

Earnings. Amazon announced its 2nd quarter earnings today. Investor anticipation of the number temporarily made Jeff Bezos the world’s richest man, as Amazon’s stock rose enough to put Bezos over Bill Gates before a drop put Gates back on top again. The company reported a 25% increase in net sales versus the same period in 2016. Net income, however, was down significantly compared to 2016: $197 million versus $857 million last year.

The recent Prime Day event on July 11th, which will be reported with 3rd quarter sales, was described in a July 12th announcement as the biggest day ever in Amazon history. While sales were lead by offerings of Amazon’s signature devices like Fire and Kindle tablets, many other companies took part as well. Cricut was one craft company who offered Prime Day items. Even Amazon Handmade sellers took part, with Marcia Ricchiuti of Kahili Creations in Pahoa, Hawaii saying of the day that “So far, this year’s Prime Day sales increased 350 percent from last year’s. Getting the opportunity to offer lightning deals as a Handmade at Amazon artisan has been a boom to my business.”

Salutations. Happy Birthday to Jayne Burns of West Chester, Ohio. Jayne works at the cutting counter at the Jo-Ann Fabrics in Mason, OH – and celebrated her 95th birthday with her coworkers on Wednesday.

Peeks. A lot of crafters joke their homes look like a craft store…but what would your house actually look like if you owned one of the country’s biggest craft chains? You can check out this real estate listing for the answer – it’s the iconic Dallas home of Michaels Stores owner Sam Wyly. For a mere $12.5 million, you too could live in 7579 square feet of historic 1924 home on the Dallas Country Club golf course.

Jobs. The following industry jobs are listed as open and available:

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Amazon To Increase Craft Offerings Through Fabric.com?

Amazon.com purchased online sewing retailer Fabric.com two years ago in June 2008. Now it looks from an online job listing like the company might be planning to use Fabric.com to expand their presence in the online crafts market, including scrapbooking.

The job listing of interest is for a merchandise buyer at Fabric.com’s Marietta, GA offices. The description for it includes the following: “Our current plans include expansion into the broader needlecraft and craft categories (crochet, embroidery, knitting, scrapbooking, etc.).”

Currently, Fabric.com does have a Crafts section with a scrapbooking sub-section. But they carry only an extremely limited number of SKU’s from Basic Grey, Clearsnap, Cricut, Die Cuts With A View, Fiskars, Glue Dots, GCD Studios, Hampton Art, Hero Arts, Inkadinkado, K & Company, Mrs. Grossman’s, Ranger, Sizzix and Tattered Angels. Much of the selection is actually rubberstamping supplies, with only a few paper pads or collections and embellishments offered.

Amazon.com already is a force to be reckoned with in certain areas of the scrapbook market. Of course, their book selection and pricing (their specialty) is excellent. Their selection and pricing of various die cutting equipment is extremely competitive, as well. Some niche retailers are using Fulfilled by Amazon to order & deliver their products, most notably Becky Higgins’ Project Life.

It will be interesting to see what Amazon.com may have in store for the crafts market via Fabric.com…


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