Michaels acquires Joann brands. Which products Missouri customers can expect to find
Michaels is hoping to sew up the business of fans who frequented the fabric and craft chain Joann, which closed all of its stores after filing for bankruptcy.
Michaels has acquired Joann's intellectual property and private label brands, including the Big Twist brands, the craft retailer announced Thursday, June 5.
Michaels will expand its fabric, sewing and yarn assortment by adding more than 600 products, including Brother and Singer sewing machines, Oliso Smart Irons and needle crafting kits from DMC and Loops & Threads.
"This acquisition allows us to better serve both new and existing customers, respond to rising demand across categories, and build on our momentum as the destination for creating and celebrating in North America," said Michaels CEO David Boone in a press release.
The Joann's acquisition meshes with Michaels' evolving consumer interests. Over the past year, more customers have been searching on Michaels.com for "fabric" and "sewing," according to the company's announcement.
Recently, Michaels has increased the fabric assortment in more than 680 of its stores and plans to do so in 280 additional stores this year, the company said. This month, the retailer, which has more than 1,300 stores in 49 states and Canada, is also expanding its sewing supplies.
Also growing: Michaels' yarn assortment — set to increase by 25% this year to meet shoppers' demands. Starting this month, Michaels will begin offering 60 new Loops & Threads yarns in stores and online. This summer, yarn collections from Bernat, Lion Brand and Red Heart will be available.
Products from Joann brands such as Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear will be available in-stores and online later this year, according to the company.
Joann, which had operated about 800 stores, began closing them after filing for Chapter 11 bankruptcy in January 2025, its second bankruptcy filing in less than a year.
Michaels, which began wooing Joann customers in early May, has also created a dedicated landing page for those shoppers to make it easier for them to find products and know the latest updates.
"We're honored to have the opportunity to welcome Joann customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels," Boone said in a statement.
Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @mikegsnider.bsky.social & @mikesnider & msnider@usatoday.com.
This article originally appeared on USA TODAY: Michaels buys Joann's private brands, expanding fabric, yarn products
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
JOANN Fans, There's a Major Update You Need to Know About
Michaels acquired JOANN's intellectual property and private label brands, and will carry products from now-closed JOANN stores. This includes the popular JOANN brand Big Twist yarn, a cult-favorite product. This is part of a big expansion into sewing supplies and notions for the craft store. If you're anything like me, the news that JOANN is closing was a devastating blow. I've spent hundreds of hours in the aisles of JOANN, and even though I stocked up at the going out of business sales, I'm going to miss shopping there. The final JOANN locations just closed their doors at the end of May. But a surprising hero is stepping in to save some cult-favorite products from the grave. Michaels stores just announced they have acquired the intellectual property and private label brands of JOANN. The website now automatically redirects to the Michaels website, which reads "Welcome to Michaels, JOANN fans! It's hard to lose a store you love. We're here to help." Michaels will be carrying select JOANN brands in stores, expanding their offerings in yarn, sewing supplies and sewing notions with more than 600 new items. The move is part of Michaels's larger expansion into sewing supplies and fabric. The chain did not acquire the physical storefront locations that JOANN used to occupy, but will be offering some bestselling JOANN items in Michaels stores. What's the biggest JOANN product that's being rescued? It's the cult-favorite Big Twist yarn, which is popular among budget crafters (not to mention my go-to yarn brand). Big Twist is beloved because it has a lot of different colors and is a low-cost option for a hobby that can quickly get expensive. ($5 per skein of yarn doesn't seem like a big deal until you need 6 different colors — and don't get me started on running out of yarn halfway through a project!) Big Twist yarn is noticeably softer and nicer to work with than other inexpensive acrylic yarn brands, which can be scratchy. But I'll admit I'm biased — sitting on my desk next to me as I write are coasters I made from Big Twist yarn. Beyond my personal excitement (and the good news for crafters!), this is a big deal for two other reasons. Michaels is on the move. They recently announced a 200% expansion to their party supplies, trying to fill the hole left by Party City closing. Now they are expanding their yarn and sewing supplies to help close the gap left by JOANN. According to a press release we received, searches for 'sewing' are up 39% since last year on Their expanded offerings featuring 600 new products will include sewing machines, thread, interfacing, batting, specialty scissors, sewing notions and more, aimed at both beginner and expert sewists. They are also expanding their yarn assortment by 25% to help feed the crochet crafting trend, ensuring a well-stocked yarn aisle for fiber arts fans. Big Twist was JOANN's house brand yarn. It's a bold move for Michaels to carry Big Twist because Michaels already has a house brand yarn called Loops and Threads. Big Twist and Loops and Threads were direct competitors in the budget yarn space. It's like if Walmart started selling Target brands — it's a definite surprise, if you care about the niche world of cheap yarn, that is. In my opinion, Big Twist is better quality. To put it politely, Loops and Threads does not have the cult-favorite product following that Big Twist does. With Michaels snapping up Big Twist to put back into distribution, it looks like Big Twist wins this round of the battle of the yarns, while crafters win overall with the expansion of Michaels's products. You Might Also Like 67 Best Gifts for Women That'll Make Her Smile The Best Pillows for Every Type of Sleeper
Yahoo
18 hours ago
- Yahoo
Why this mining firm thinks ASICs beat spot Bitcoin
Why this mining firm thinks ASICs beat spot Bitcoin originally appeared on TheStreet. In an interview with TheStreet Roundtable, Simple Mining director of research and marketing Billy Boone argued that buying Bitcoin outright may not be the most efficient way to gain exposure to the cryptocurrency and that mining could be a smarter alternative. Boone traced Simple Mining's roots to 2021, when the team pivoted from cell-phone repairs to unlocking ASIC miner passwords. 'Simple mining started in 2021. We originally came from a cell phone repair background and we started getting a lot of requests to fix ASIC passwords,' he said. Spotting Bitcoin's staying power, Simple Mining deployed its first container of 50 machines at a utility site in Iowa that November. Since then, Boone says the firm has grown to operate seven sites with more than 20,000 machines and plans to open nine sites by year-end. He also highlighted a recent partnership with Alps Blockchain to build a 50-megawatt hydro-powered site, giving clients access to water-cooled hydro miners. Those machines, Boone noted, are 'extremely profitable right now,' thanks to lower cooling costs than traditional fan-cooled rigs. Unlike cloud-mining models, Simple Mining sells direct ownership of ASIC hardware. Boone explained that investors 'take a couple of clicks to get mining same day as payment. And at that point, you can plug in your machine, you can start mining Bitcoin.' Customers own their machines and can even relocate them if they secure cheaper power elsewhere — plus they benefit from depreciation tax write-offs on the hardware. As corporate Bitcoin treasury strategies gain traction, Boone believes hosted mining offers a cost-efficient way to boost Bitcoin per share. 'If you have an ASIC miner, you can consume $50,000 of electricity to generate a $110,000 Bitcoin,' he said, pointing out that miners effectively buy Bitcoin at a significant discount to spot prices. With Iowa generating 65% of its electricity from wind, Boone says mining operations there also help utilities balance renewable-energy variability — turning what might be wasted power into Bitcoin. As more investors look beyond lump-sum purchases, Boone's vision is clear: don't just buy Bitcoin — own a miner and let the hardware work for you. Why this mining firm thinks ASICs beat spot Bitcoin first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared.
Yahoo
a day ago
- Yahoo
These beloved Mexican restaurant chains have closed Arizona locations in 2025
Arizona has seen a slate of store and restaurant closures this year. While the closure of stores like Joann and Macy's may have generated a lot of chatter, Arizona has also seen several major Mexican restaurant chains unexpectedly closing their doors, much to the dismay of customers. Recently, eight Filiberto's stores scattered across metro Phoenix quietly closed. In addition to the closures of the 24-hour restaurants, Buqui Bichi and On the Border also closed stores around town. Here's everything to know about the recent Mexican restaurant chains that have closed stores in Arizona, including which specific locations were impacted. Eight locations of the popular Valley chain Filiberto's have quietly closed, some permanently, according to signs posted on the doors. The 24-hour drive-through Mexican restaurant has more than 50 locations in metro Phoenix alone. Originally started by the Tenorio family, the chain has franchised its locations to many different owners. The eight locations are all owned by the Compadres Group. These are the eight locations that closed: Phoenix: 2955 N. 91st Ave, 17224 N. 19th Ave. Apache Junction: 10749 E. Apache Trail Chandler: 930 E. Pecos Road Gilbert: 1397 E. Williams Field Road Peoria: 13972 N. 83rd Ave. Scottsdale: 9150 E. Indian Bend Road Avondale: 1440 N. Dysart Road Buqui Bichi, an award-winning Mexican brewery, closed its last remaining Arizona taproom in downtown Phoenix in late May. It was the brewery's second ever location in the U.S. In August 2023, they opened their first U.S. location in Chandler. In January 2024, they opened a second store in downtown Phoenix. The Chandler location closed in October 2024 and was replaced by Miel de Agave. In a statement to The Republic, co-owner Martin Hurtado said: "Ultimately, we decided to close because the menu wasn't aligning with what our customers were looking for, many were expecting more traditional or recognizable Mexican offerings. Unfortunately, the franchise owners weren't open to adjusting the menu to better meet those local preferences, so we felt it was best to step away." On the Border Mexican Grill and Cantina closed all of its Arizona locations in February. The restaurant had three locations in the Valley: Mesa at 1710 S. Power Road, Peoria at 7873 W. Bell Road and Ahwatukee at 5005 E. Ray Road. All three locations show as permanently closed on the restaurant's social media pages. This article originally appeared on Arizona Republic: These beloved Mexican restaurant chains closed Arizona stores in 2025
