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Gifts & Dec Direct



















 

 
 
Here's the news for the week of August 11, 2008.
 
 
In This Week's Issue:
1. AmericasMart to Meld Rugs, Gifts, Home Furnishings Shows
2. Lenox Can’t Meet Loans
3. Gourmet Housewares Moves Back to San Fran
4. Olympic Tragedy Touches Gift Industry
5. Lifetime Misses Guidance; to Sell Outlets?
6. Boscov's Files for Bankruptcy
7. Your 2 Cents Worth
 
 
1. AmericasMart to Meld Rugs, Gifts, Home Furnishings Shows
Atlanta – Looking to more effectively cross-pollinate buyer activity among its related market events, AmericasMart readjusted the schedules of its biannual Gifts and Home Furnishings Show and its International Area Rug Market to co-exist starting in January. <<Click to Continue>>
 
2. Lenox Can’t Meet Loans
Eden Prairie, MN — Tabletop, gift and collectible vendor Lenox “does not expect to remain in compliance with its financial covenants at the end of the third quarter,” the company said in a statement. The company’s ability to keep operating depends on negotiating a waiver with lenders or restructuring its debt, neither of which is guaranteed. <<Click to Continue>>
3. Gourmet Housewares Moves Back to San Fran
White Plains, NY — The Gourmet Housewares Show will return to San Francisco beginning with 2009 show. For the last four years the annual show has been held in Las Vegas and Orlando. In addition, the show will move to a summer time slot and will coincide with the San Francisco International Gift Fair. <<Click to Continue>>
4. Olympic Tragedy Touches Gift Industry
Minneapolis –Todd Bachman, chairman and CEO of Bachman’s family-owned floral, gift and garden stores, was stabbed and killed in Beijing according to CNN.com. Bachman's wife Barbara was also seriously wounded. The Bachmans were attending the Olympics with daughter Elisabeth, 2004 volleyball Olympian, and her husband, Hugh McCutcheon, the U.S. men’s volleyball coach. <<Click to Continue>>
5. Lifetime Misses Guidance; to Sell Outlets?
Garden City, NY — Kitchenware, tabletop and home decor vendor Lifetime Brands won’t meet it’s previously forecast financial guidance for 2008, the company said in a statement, and is in the process of evaluating strategic options with regard to its outlet stores. <<Click to Continue>>
 
6. Boscov's Files for Bankruptcy
Reading, PA — Boscov's Department Store LLC filed for Chapter 11 bankruptcy protection according to the Los Angeles Times. The chain, which claims to be America's largest family-owned independent department store, will close 10 of its 49 stores. <<Click to Continue>>

7. Your 2 Cents Worth
Health and wealth tied neck and neck in last week’s poll: 44 percent of respondents don’t offer health insurance to employees because they can’t find an affordable program, exactly as many as offer insurance plans where the employee contributes toward coverage. A fortunate few (11 percent) offer full paid coverage, and not a single voter said “no, but I’m looking into it” – evidently our readers already did their homework.

For more good healthy fun, visit www.giftsanddec.com to vote in this week’s poll.

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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