Adventures in Retailing 
      Part VI: Arts & Crafts
      by
      Ross M. Miller
      Miller Risk Advisors
      www.millerrisk.com
      July 25, 2005
      My tale begins with the disintegration of the stitching on my right
      slipper. Slippers, especially the lined variety, come in handy up north
      here pending twenty more degrees of global warming—though
      ten degrees combined with sufficient coastal migration to provide me with
      beachfront property would suffice. This moccasin-style slipper came from
      Nordstrom about the time the sales associates started disappearing.
      I could have taken my slippers to the local shoe repair place, but then
      I'd have to hope for the best and remember to pick them up. I could have
      tossed them out and bought another pair over the Internet, which would
      have been the smart thing to do in retrospect, but it was summer and my
      youthful preparation for a career in neurosurgery (we called it
      "brain surgery" back then) gave me the confidence to attempt the
      delicate lace transplantation procedure.
      Before Wall Street decided that it could stand to hire
      me for the summers, my parents would dump me on a variety of camps
      whose counselors came up activities to occupy my time and prevent me from
      fully realizing my destructive potential. My favorite sanctioned
      activities were crafts projects. Most were simple and many involved pipe
      cleaners. It never occurred to me that anyone would those things to clean
      pipes (while I'm sure that I'm related to Sigmund Freud, there is no
      documentary evidence to support this belief), I thought that "pipe
      cleaner" was like "hot dog," an idiomatic expression. Then,
      there were the colorful loops that I would weave into potholders and my
      mother would promptly toss out. (I also believed that
      "potholder" was idiomatic.) Finally, there was leather. I made
      belts and coin purses that served no purpose. Nonetheless, I enjoyed the
      process.
      I knew that restitching a slipper with leather lace required a trip to
      a specialty store. The last Tandy store in the area had closed about the
      time that the parent company had renamed itself to Radio Shack; however,
      A.C. Moore was still around, situated in the strip-mall-that-time-forgot
      on New York's picturesque Route 9. Moreover, time appears to have
      forgotten the store itself.
      The Latham A.C. Moore store is about the size of one of the larger
      long-defunct A&P stores, which is what it might well have been many
      moons ago. Unlike its big-box brethren, this A.C. Moore had low ceilings
      and was packed, although not uncomfortably so, with both shoppers and
      store employees. Within a minute, a saleswench inquired of me, "Can I
      help you find something?" I explained my situation and was led to the
      leather crafts area, which occupied about six linear feet of shelf space.
      It contained a smattering of the old leather kits of my youth as well as a
      variety of lacing materials. I picked out a package of lace and a package
      of assorted leather-craft needles to go with it. I wondered what one did
      with the curved needles. (I have edited out a tasteless joke about my
      neighbor's labs and DIY pet lobotomies to ward off a hate mail campaign
      from PETA.)
      My mission accomplished, I wandered about the store, trying to look
      inconspicuous and dodging the sales associates while taking audio notes
      and flashing pictures with my cell phone. Large bags of stick-on eyes
      caught my fancy. They were just the thing to decorate the cover of the
      hard copy for my next consulting report. There is nothing that board
      underwriting committees like more than a risk assessment that looks back
      at them. The scrapbook section featured a "distressing kit" for
      $29.99. Here's a business idea: I'll advertise on the Internet to have
      people send me their scrapbooks for low-cost "natural"
      distressing.
      A.C. Moore itself had that charmingly distressed look to it. It was not
      totally disheveled like the nearby Wal-Mart, but the frequent holes in the
      stock were indicative of outmoded inventory management methods. If I ever
      found myself reduced to weaving baskets, now I knew where to go. If it
      were a tad more classy, Martha Stewart would love it here—glue
      guns galore and you could even get glue by the stick for 8 cents a pop.
      Checkout was efficient and when I got home I discovered that the lace
      was too fat to fit through the requisite holes. I figured that I'd find
      something to do with it and now I had an excuse to visit Michaels on my
      way into my office at the university and get smaller lace from them.
      The local Michaels is four times the volume of A.C. Moore—double
      the square footage and double the height. It likely contained four times
      the merchandise as well. While A.C. Moore had clearance merchandise
      scattered through the store to give it that "bargain" feel
      (assuming that one considers an unfinished Native American doll for $1.54
      to be a bargain), my initial reaction as a professional economist to
      Michaels was "overpriced." The store had aisle after aisle of
      what looked to be repackaged industrial waste in two-ounce bags selling
      for a few bucks each. Crack cocaine for the crafts crowd undoubtedly. The
      store was otherwise empty, including the checkout area, save a group of
      fellow shoppers who were into modifying their own bodies using materials
      not available at Michaels.
      Even without self-studding kits, Michaels was a far deadlier place than
      A.C. Moore. Next to a token sample of Revell plastic model kits—when
      I was a kid entire stores were dedicated to model kits and associated
      paraphernalia—I found (and captured with my cell
      phone camera) a display of Estes rocket kits and engines. I remember
      building one of them, but that's all I remember. Obviously, the ensuing
      explosion wiped out the rest of the process—either
      that or the men in black did. I still have ten fingers, two eyes, and
      residual sanity, so nothing too bad could have happened.
      
      Without the aid of the nonexistent sales personnel, I uncovered a more
      extensive and pricier collection of leather crafts than at A.C. Moore. I
      found the right lace, took it to the front registers, and waited for a few
      minutes to consummate my purchase.
      When I got the lace home, I took out my needle kit from A.C. Moore,
      still a bit intimidated by the curved needles. I extracted the straight
      needles and immediate noticed two things. First, the holes in my slippers
      could only accommodate a single width of lace. Second, the lace did not
      naturally fit through the eye of the needle. Using a hammer in combination
      with needle-nose pliers, I was able to wedge the end of the lace into the
      needle. It took about ten minutes to completely undo the old lace and
      replace it with the new one. I started with two yards of lace and was left
      with one yard after the transplant. Martha Stewart would then have
      replaced the lace on the left slipper so that it would match its partner.
      I am not Martha Stewart, which is why this adventure does not a Jo-Ann
      store. It was simply too scary for me. I will live with mismatched
      slippers until nature takes its course with them.
      Next time, I'm back to dealing with media and will "review"
      Pseu (that's how she spells it) Braun's summer radio show on WFMU (and wfmu.org)
      and reflect on pop music and popularity in a piece called "The
      Political Economy of Pop."
      
      Copyright 2005 by Miller Risk Advisors. Permission
      granted to forward by electronic means and to excerpt or broadcast 250
      words or less provided a citation is made to www.millerrisk.com.