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Viewing by month: February 2010

New statistics, trends and findings begin to emerge as Knot numbers are questioned.

In a developing story, credibility or at least how numbers are compiled and processed is being raised, as wedding professionals weighing in, questioning what were once indisputable facts released by the Knot. The discussions are heating up, as focus turns to what many feel could be the beginning of a downturn at the wedding resource.

Posted on 02/23/2010

More venture announcements and consolidation can be expected in the wedding industry.

They say too much of anything good can be bad for you and right now, too much information, too many opinions in too many places for brides to get confused exist on the internet. Over the past two years, new web sites that look great but have very low or even zero traffic have been launched and are felt to be directly linked to a higher unemployment rate.

Posted on 02/22/2010

Wedding experts feel left out of industry discussions but are finding a new home.

Topics and discussions involving the wedding industry are felt to be lacking the general contributions of vendors and sources on the frontline that directly interact with consumers. Over the weekend, the thoughts were reviewed with a growing number of wedding professionals that say they could finally be witnessing vindication of what they’ve felt for some time.

Posted on 02/22/2010

The Wall Street Journal should stick to financial news, not weddings, say experts.

Over the weekend, a Wall Street Journal story titled  What a Wedding Really Costs caught the attention of wedding experts and even turned some into writers to give their views of why the WSJ should stick to financial news.

Posted on 02/20/2010

Stock price down 17% for the Knot at the end of Friday’s trading day.

The opening stock price of 9.20 on Friday dropped to 8.03 for The Knot, Inc. (NASDAQ: KNOT) by afternoon trading today, after reporting its financial results for the fourth quarter - year ending December 31, 2009 and releasing information on new agreement arrangements with affiliates. By the end of the day, the leading wedding portal and matrimonial marketing machine’s stock price ended down 17.45% at 7.90 a share.

Posted on 02/19/2010

Impairment charges cited throughout the Knot’s latest financial report.

The Knot, Inc. (NASDAQ: KNOT; www.theknot.com), issued its Fourth Quarter and Full Year 2009 Financial Results yesterday. In extraordinary measure, portions of the results went against the grain of the rest of the wedding industry, showing a solid business at a time when many are declining.

Posted on 02/19/2010

Consumer spending starts to rise with caution, as the economy begins to stabilize.

Consumer spending reports say shoppers may finally be trading up, rather than down, as the sharp decline in the economy slows. Since last year, cost cutting beyond what many feel was reasonable has kept businesses struggling for survival. Many have already ceased to exist and it remains unclear how many more will perish before a solid turnaround is able to sustain itself.

Posted on 02/18/2010

Numbers improve but the person on the street disagrees on a return to formality.

Independent studies, a growing consensus among wedding planners and bridal show organizers say attendance and participation has increased over last year, signaling a higher number of wedding for the future. 2008 into 2009 was impacted by an economic meltdown not seen since the 1930’s. But recovery and a return to formality by most consumers is not expected for years to come, as lingering unemployment and other major factors are expected to keep this from happening.

Posted on 02/18/2010

Playing by the numbers or playing with the numbers?

A developing story investigating the use of data and its credibility could ultimately lead to a better guide for wedding professionals in the years ahead. At a time in history when an average individual is able to reach an enormous audience through Social Media and various other outlets of information, the question of shouldn’t standards be raised—not lowered, is being asked more often.

Posted on 02/17/2010

Couples are waiting longer than ever to finalize wedding plans.

Discussions with wedding professionals agree that couples planning their weddings are taking their time with a lessening sense of urgency. Many say they’re encountering more price resistance, as consumer awareness understands there is much more supply than demand at every level of planning.

Posted on 02/16/2010

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