- Michaels has acquired Joann’s intellectual property and private labels as its own customers’ interest in sewing grows, the company said Thursday. Michaels did not acquire any physical Joann locations as part of this transaction, a company spokesperson said by email.
- The spokesperson declined to disclose the purchase price and didn’t address questions about how it might use Joann’s logo or other trademarks, except to say it will be developing Joann private brands Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear.
Joann’s future a mystery as Michaels snaps up IP, private labels | Retail Dive
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John Wiley & Sons Inc., and CPI Group, the largest book printer in Europe, announced a partnership bringing together a total supply chain solution including demand planning, print and distribution, customer service, and credit collection. The partnership will establish a state-of-the-art inkjet print production facility within Wiley’s European Distribution Centre (EDC) in Bognor Regis, United Kingdom. “We have a fantastic relationship with CPI and are thrilled to partner with them on this exciting project,” said Cary Hamill, VP of Global Supply Chain and Strategic Sourcing for Wiley. “We believe our collective expertise will provide an innovative solution to publishers for their print, inventory management and distribution needs - whilst continuing to provide our customers and clients with an even better level of service.”
Anyone working in or around the magazine industry knows one thing for certain: Everyone’s got an opinion. Prognostications on the print magazine industry range from doom and gloom to nothing but sunshine and moonbeams. If you’re in the business of print magazines, like we are, you don’t have the luxury of choosing one position or the other. Common business sense requires us to critically examine what’s really going on. Is the print magazine industry in danger of collapse? Let’s take a closer look. Roy Stevenson is a travel magazine writer and industry coach, so he’s deeply in touch with the realities of his market niche. “These naysayers will tell anyone within earshot that the Internet has completely overtaken the print industry,” Stevenson writes on his travel writing site PitchTravelWrite. “One prominent travel blogger even predicted that by the year 2020 print magazines would cease to exist! Naturally, as a print media freelance writer I feel more than a little concern when I hear these gloomy predictions,” he continues. Click Read More below for more of the story.
Despite an uncertain economic landscape, the overwhelming majority of retailers are feeling positive about their current business health. That’s according to a new third-quarter survey from cash-back partner Upside, which reveals that of 1,806 retailers across 10 categories, 61% say their current outlook is “excellent,” a 14-point increase over the first quarter of this year. In all, 96% of respondents feel positively about the current state of their business, which is up by eight percentage points over the first quarter, when 92% felt positively about current business health. Upside’s survey found that with increased optimism, retailers are looking to expand their brick-and-mortar presence. The number of retailers focused on opening new stores has increased by seven points, from 19% a year ago to 26% today.