Nov 13, 2008

Holy Smokes - Creative Memories Files Chapter 11

LINK to the article.

I wonder what the future of Creative Memories will be? My gut tells me times are tough for the direct sales companies. I don't see many recruiting messages anymore for most of them. I would imagine that it's very hard to sustain that model since there are so many places you can get scrapbook products these days.

2 comments:

Musicmom-Amy said...

What kind of "strong opportunities for the company's consultants, employees, and customers" can filing Chapter 11 bring? Sorry to hear this but wondered how they survived in this scrapbooking industry. I haven't bought anything from them in years.

Tara said...

NOT GOOD! I have to be honest....I'm not 100% surprised. I became a little worried when they started expanding their product line a little too far away from what they were the pros at....it's like they created a product line that just started cannibalizing itself. (is that a word ;O) sorry to hear though...