Check out THIS article called, “For Craft Sales, Recession is a Help” from the New York Times. It talks about how, despite the horrible economy and slumping sales in other retail areas, that spending at craft stores, Etsy, and the like has actually gone up. I was so happy to read this because I thought I was crazy to think the same thing; every time I go into Michaels in the past couple months, it’s packed! I always leave there shaking my head, saying, “So much for the recession.” Now, this article explains it. Their theory is that, 1. With less to spend, people are making Christmas gifts this year that are more cost effective, 2., People enjoy the stress release of making handmade things, and appreciate receiving them over “big box” items as well, and 3. That we are starting to prefer good old ‘Made in the USA’ products after all the recent problems with items imported from China. Needless to say, I loved this article! It’s all about some of my favorite things: crafts/scrapbooking, supporting American small and large business owners, and the value of handcrafted items.
HERE is a link to the discussion on 2peas….
What are your thoughts on the article?
3 Comments
Great article!! I just forwarded it to my dh…. I keep telling him that having a scrapbook store right now is a good thing!!!
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Your points make sense, however, I have noticed lately that craft magazines are getting thinner and thinner although the articles are longer and longer. And when I got curious over this and did my counting, most magazines had 5-20 advertisements less than their last issue!