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Tag Archives | QVC

Update | Kickstarter, Stacy Julian, Merger, Crimes, Jobs & More

Recall. American Crafts is recalling two of the Jane Davenport acrylic paint kits that were sold in Michaels Stores in the U.S. and Canada before June 16th, 2017. Some Jane Davenport Portrait Paints Kit and the Jane Davenport Matte Acrylic Paint Kit may contain some defective paint containers that split and leak during use. Click here for full info on the recall, and contact acinfo@americancrafts.com for information on how to get a refund for your paints if you own the affected kits.

Start-up. Designer Lesley Oman is about to conclude a successful Kickstarter campaign to launch her own stamp company, called Heffy Doodle. Her campaign has raised over $15,000 so far to fund the launch of the new company.

New. Stacy Julian, founding editor of Simple Scrapbooks magazine, has a new product line coming in 2018. The product line, called Story by Stacy, was announced on June 30th at the annual Close To My Heart convention and will be a Close To My Heart exclusive. Julian was associated with a previous product line called Photo Freedom with Echo Park Paper, but it is fitting that she should get a product line with Close To My Heart – she started her scrapbooking career as a consultant with the company in 1993. Follow the Story by Stacy instagram account to keep up to date on the upcoming new line.

Story by Stacy logo

Mergers. Liberty Interactive, the parent company of tv shopping channel QVC, announced on July 6th that it is acquiring QVC the remaining 62% part of competitor HSN that it did not already own. Liberty also owns online retailer zulily, Evite, and interests in several other companies. The deal is expected to close in the fourth quarter of 2017, after which HSN will remain operating in its St. Petersburg, Florida headquarters under the direction of Mike George, CEO of QVC. The move will combine the two eCommerce channels, both of which have strong presences in the craft segment, into the internet’s 3rd largest retailer.

Hoaxes. Like a celebrity death hoax that won’t go away, the viral Facebook post that claims “Hobby Lobby is closing all of its stores” is making the rounds again. No, it’s not true this time either. This go-round was probably triggered by the recent stories about Hobby Lobby facing government penalties over the illegal importation of ancient antiquities.

Crimes. A 46 year old man was arrested in the Hobby Lobby in McAllen, Texas in the evening of July 13th, accused of using his cell phone to take photos up the skirt of a female shopper in the store. The man was charged with making invasive visual recordings, a felony, and released after posting $10,000 bond.

Crimes II. The Joann Fabric & Crafts store in Thousand Oaks, CA reported to police on July 8th that the store had been the target of petty theft and embezzlement for a six month period beginning in January.

Earnings. Etsy will announce its second quarter 2017 financial results after market close on Thursday, August 3rd. These numbers will be being keenly watched by investors, as Etsy has had several rounds of layoffs recently and also launched its new Etsy Studio website for selling craft supplies.

Location. Michaels Stores is increasing its presence in New York City, with plans to build a second Brooklyn store in a new building going up at 1633 E. 16th Street. Michaels has signed a lease for 20,000 square feet on the ground floor of the building, expected to be completed in 2020.

Sneaks. The AFCI trade show in Salt Lake City is over, but the sneak peeks aren’t. Today we did a major new update to the Summer Sneak Peeks page on Scrapbook Update…check it out for all of the latest!

Jobs. The following industry jobs are currently listed as available:

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Industry Retailers Make NRF Stores Hot 100

Stores, a publication of the National Retail Federation, has released its Stores Hot 100 list of the country’s fastest growing retailers – and several craft-related stores made the 2011 list. The list is ranked based on year to year sales growth from 2009 to 2010. All retailers with domestic U.S. sales of over $300 million were eligible.

Salt Lake City-based Overstock.com, an often overlooked player in the crafts retail market, landed in the number 10 spot on the list by posting 23.8% growth from 2009 to 2010. Stores attributes this to the growing portfolio of markets that company has expanded into, including travel (by selling discount hotel rooms). A ranking penalty incurred by the company from Google over accusations it manipulated Google results by embedding links in school websites in return for promised discounts has left Stores skeptical that Overstock can repeat those year-to-year growth results, however.

Both home shopping networks made the list. HSN ranked highest, coming in at number 44 with 9% year-over-year growth. Known for its promotion of lines like Cricut, Anna Griffin and Martha Stewart Crafts with custom created bundles during its on-air craft specials, HSN is definitely a force in the new model of retailing and their growth reflects that. Although nearly twice the size of HSN in total sales, home shopping network QVC was further down the list at number 85 due to experiencing a smaller (but still impressive) amount of year to year sales growth (5%).

Near the bottom of the Stores list we find two craft chain stores. First up is Jo-Ann Stores. That chain placed in 95th on the chart with 4.4% sales growth, on $2.079 billion in retail sales from 751 stores. The other craft chain on the list, Hobby Lobby, came in at number 96, also showing 4.4% sales growth in the surveyed period. Privately-held Hobby Lobby’s sales were reported as $2.093 billion, surpassing Jo-Ann Stores, and with only 497 store locations. Hobby Lobby’s growth numbers were undoubtedly helped by opening of new locations – it experienced store growth in the covered period of 5.7%, while Jo-Ann Stores only expanded their locations by 0.7%.

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