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Here's the news for the week of July 14, 2008.

In This Week's Issue:
1. Most Chinese Gift Suppliers to Raise Prices
2. Ganz Sued Over Webkinz Sales Terms
3. Stationery Show Collects Tons for Troops
4. Kennedy Named GDA Editor-In-Chief
5. Collectors' Choice Awards Presented
6. Craft Council Opens Shows to Canadian Artists
7. Your 2 Cents Worth

1. Most Chinese Gift Suppliers to Raise Prices
Hong Kong — Virtually all — 92 percent — of Greater China craft gift suppliers plan to raise prices in the coming months, according to trade publisher Global Sources' China Sourcing Report: Craft Gifts. However most plan to raise prices less than 10 percent, and 79 percent predict growth of more than 10 percent. <<Click to Continue>>

2. Ganz Sued Over Webkinz Sales Terms
San Francisco — Nuts For Candy, a California retailer, filed a class-action lawsuit against vendor Ganz, alleging that the conditions the company sets for stocking its popular Webkinz plush line violate U.S. antitrust laws. <<Click to Continue>>

3. Stationery Show Collects Tons for Troops
White Plains, NY — Operation Caring Connection, which encourages National Stationery Show exhibitors to donate stationery for members of the armed forces, collected approximately $20,000 worth of product. That’s nearly two and a half tons. <<Click to Continue>>

4. Kennedy Named GDA Editor-In-Chief
Caroline Kennedy has been promoted to Editor-in-Chief of Gifts & Decorative Accessories. <<Click to Continue>>

5. Collectors' Choice Awards Presented
Atlanta — The Collectors' Information Bureau recognized winners of the 2007 Collectors' Choice Awards during the Atlanta International Gift & Home Furnishings Market. <<Click to Continue>>

6. Craft Council Opens Shows to Canadian Artists
New York — The American Craft Council is opening show exhibitor applications to craft artists living and working in Canada. <<Click to Continue>>

7. Your 2 Cents Worth
The gift business is running lean and mean these days: 44 percent of respondents to this week’s poll say that when it comes to staffing they’re cutting back on people or hours worked. Another 26 percent are going it alone. Only 17 percent are holding staff levels steady, and a lucky few — 13 percent — are adding hours or hiring new employees. To vote in next week’s poll, visit www.giftanddec.com.

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

For daily news updates visit www.GiftsandDec.com.

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

Meredith Schwartz, Business Editor

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