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Gifts & Dec Direct












 

 
 
Here's the news for the week of June 9, 2008.
 
In This Week's Issue:
1. Lifetime Buys Mikasa
2. Pier 1 Makes Bid for Cost Plus
3. More of One Coast in Vegas
4. Metal Morphosis Expands North
5. Market Runup: Dallas, Atlanta, Chicago and More
6. Licensing Royalties Fall Slightly
7. Your 2 Cents Worth
1. Lifetime Buys Mikasa
Garden City, NY— Tabletop vendor Lifetime Brands acquired the business and certain assets of dinnerware and crystal brand Mikasa from Arc International. <<Click to Continue>>
2. Pier 1 Makes Bid for Cost Plus
Ft. Worth, TX — Pier 1 is making a play to acquire fellow gift and home furnishings retailer Cost Plus, Oakland, CA, offering $4 per share. <<Click to Continue>>
 
3. More of One Coast in Vegas
Las Vegas — The One Coast national sales rep group is opening a new showroom in Building C at the World Market Center, Las Vegas, tripling the size of its previous showroom there. <<Click to Continue>>
4. Metal Morphosis Expands North
Atlanta — Pewter gift manufacturer Metal Morphosis is expanding into the Canadian market. <<Click to Continue>>
5. Market Runup: Dallas, Atlanta, Chicago and More
Educational workshops and seminars aimed to help retailers stay vibrant and continue to succeed in an increasingly challenging economy will be key at most markets this summer. This week Gifts & Dec updates summer market news from Dallas, Atlanta and Chicago, and the Craft & Hobby Association's annual event. <<Click to Continue>>

6. Licensing Royalties Fall Slightly
New York — Manufacturers in North America paid $5.98 billion for licenses in 2007 – down slightly from the previous year’s $6.04 billion. <<Click to Continue>>

7. Your 2 Cents Worth
There will be an impact on our industry from last month's tragic earthquake in China, according to last week's poll. About 28 percent of respondents believe that the biggest would be higher prices for manufacturers and consumers. Almost a quarter — 24 percent — anticipate shipment delays, while an optimistic 17 percent predict business as usual. About 14 percent expect that unfilled orders are the most likely consequence, and the same number expect increased relocation of manufacturing to other countries. However despite the need for workers to aid the displaced and rebuild the damaged areas, less than four percent of respondents felt the quake's biggest impact on the gift business would be a worsening of China's worker shortages.

To vote in this week's poll, visit www.giftsanddec.com.

To comment on polls, poll results or to suggest a poll question contact mweiskott@reedbusiness.com.

Announcement

We are conducting a survey among retailers to get your opinions about how several gifts and decorative accessories’ categories perform in
your store as well as your opinions about their vendors’ products and services.

This survey will not be published. We are asking you to help us better understand the category and the vendors’ role in your business.
Your individual answers will be combined with those of other retailers. Your store’s answers will not be revealed individually.

Go here: www.giftsanddec.com/Perception08

 
For daily news updates visit www.GiftsandDec.com.

That's all for now. We'll be with you again next week.

Maria Weiskott, Editor In Chief

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