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Yahoo
3 days ago
- Business
- Yahoo
Michaels acquires Joann brands: What customers can expect
Michaels is hoping to sew up the business of fans who frequented the fabric and craft chain Joann, which has folded 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. Aldi: Grocery chain cuts its prices for the summer, up to 33% off 400+ items The Joann's acquisition meshes with Michaels' evolving consumer interests. Over the past year, more customers have been searching on 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 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 & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day This article originally appeared on USA TODAY: Michaels buys Joann's IP and brands, expands in fabric, yarn, sewing Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
JOANN Is Making a SURPRISING Comeback and Crafting Fans Are Freaking Out
"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." After the devastating news hit that all JOANN Stores would be closing, there may be hope for crafters yet. On June 5, Michaels announced that it had acquired the intellectual property and private label brands of its competitor, JOANN. In a bold move to attract the bankrupt fabric and craft retailer's former customers, Michaels will be drastically expanding its fabrics department after seeing a steep increase in interest over the past year. "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," David Boone, Chief Executive Officer at Michaels, explained in a press release. The JOANN website now redirects to Michaels, with a web banner welcoming JOANN customers to the Michaels website. Underneath the banner, buttons direct customers to various crafting and sewing product pages. According to the retailer, searches for "fabric" and "sewing" have seen a 77 percent rise from customers, which has prompted the company to increase its fabric offerings in over 680 stores. There are plans to add more fabrics to an additional 280 stores this year, in addition to expanding its sewing supplies. Online, customers can browse through 10,000 fabric options. The company has also added more than 600 new crafting products to its inventory, including Brother and Singer sewing machines, specialty scissors and thread packs, and needle crafting kits from DMC and Loops & Threads. Products from JOANN's beloved brands, such as Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh, and Big Twist Baby Bear, will be available to shop in-store and online later this year. JOANN, which had been operating in the U.S. since 1943, filed for Chapter 11 bankruptcy in March 2024, before filing for a second time in January 2025. On February 25, 2025, the company announced that it would be closing all of its retail stores. Follow on Instagram and TikTok. You Might Also Like 15 Home Bar Gifts Every Cocktail Enthusiast Will Appreciate 32 Low Light Indoor Plants That Can Survive in the Darkest Corners of Your Home These Are the 50 Best Paint Colors for Your Living Room Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Michaels will revive beloved Joann brands after acquisition. Here's what to expect
Joann has cascaded the closure of its 800 stores since it filed for Chapter 11 bankruptcy in January, leaving a gap in communities like Pensacola where buying fabric supplies inside a store can be difficult. Michaels, the largest arts and crafts retail chain in North America, seems eager to fill that gap after it announced on Thursday that it had acquired Joann's intellectual property and private label brands, including the Big Twist brands. "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," said David Boone, Chief Executive Officer at Michaels. "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." Michaels says that it plans to expand its fabric, sewing and yarn assortment by adding over 600 products across new and existing brands. Here's what the move means for Joann and Michaels customers. Michaels has seen a sizable increase in demand for fabrics since Joann filed for bankruptcy in January. Searches for "fabric" have increased on its website by 77%, according to the company. In response, Michaels says that it has increased its fabric assortment in over 680 stores and plans to expand the selection to 280 more in 2025. Michaels currently operates over 1,300 stores across North America. The arts and crafts giant says it has seen a similar demand for sewing supplies, which led the company to work on expanding options there, too. Here's a look at the new supplies it has added or plans to add: New Brother and SINGER sewing machines More than 50 new needle crafting kits from DMC and Loops & Threads More than 10 Pellon stabilizers and interfacing, specialty scissors and threat packs, with Pellon cut-to-order batting coming in August New products from Clover, FISKARS, Coast & Clark and VELCRO The Oliso Smart Iron Knitters and crocheters aren't to be forgotten. Michaels says that it is actively in the process of expanding its yarn assortment by 25% in 2025. Here's a look at what to expect: Over 60 new Loops & Threads offerings launching in-store and online in June New and expanding collections from Red Heart, Bernat and Lion Brand this summer Expanding Amigurumi kits with over 12 new seasonal offerings over the holiday season Welcoming Joann brands like Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear, which it says will be available later this year If you're not sure where to start, Michaels created a dedicated landing page to welcome Joann customers. The comprehensive page adds quick links for fabric, yarn and needlework and sewing machine products, along with an exhaustive look at all of its new and existing products that might interest former Joann customers. This article originally appeared on Pensacola News Journal: Michaels acquires Joann, plans to launch over 600 new products Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
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 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 & @ & @mikesnider & msnider@ This article originally appeared on USA TODAY: Michaels buys Joann's private brands, expanding fabric, yarn products
Yahoo
05-06-2025
- Business
- Yahoo
Michaels acquires Joann brands: What customers can expect
Michaels is hoping to sew up the business of fans who frequented the fabric and craft chain Joann, which has folded 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. Aldi: Grocery chain cuts its prices for the summer, up to 33% off 400+ items The Joann's acquisition meshes with Michaels' evolving consumer interests. Over the past year, more customers have been searching on 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 & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day This article originally appeared on USA TODAY: Michaels buys Joann's IP and brands, expands in fabric, yarn, sewing
