On Wednesday, American Greeting's owners announced they were going back to being a privately held company. They are offering to buy back the stock at $17.18 a share, which is 20 percent more than its value at the end of trading Tuesday. In a letter, the company said their employee base is safe and they still have to come up with the financing plan. American Greetings first went public back in 1958.
Move over Bob Vila. It looks like everyone is taking home improvement into their own hands. Sales are through the roof at home improvement stores and mom and pop hardware shops. A study by I-B-M Smarter Commerce found that more people are buying items for their homes, especially on-line. Sales are up 30 percent from last July and 26 percent in August.
It looks like Halloween has gone to the dogs. The National Retail Federation reports spending on Halloween costumes for pets will hit a record $370 million this year. That's up 30 percent from last year. Sales of pet costumes are still a small niche for Halloween shops but it's the industry's fastest growing area.