Latest news with #JOANN
Yahoo
2 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
2 days ago
- Business
Michaels buys Joann brand, plans to expand crafting supply to meet demand
Michaels has acquired craft and fabric retailer Joann's intellectual property and private label brands, including its popular Big Twist yarns, the company announced this week. Michaels announced the acquisition Thursday, saying it would assume over 600 products across multiple categories, including fabric, quilting and sewing supplies, sewing machines, and yarn. "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," Michaels CEO David Boone said in a statement. "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 it is already adding more new Brother and Singer sewing machines and other products, including boosting fabric selections "in over 680 stores, with plans for 280 more stores this year" and adding new items to its online store. The arts and crafts retailer said searches for fabric on its website have already gone up 77% in the last year. Users who navigate to Joann's former website are now redirected to the Michaels website, where they are met with a "Welcome JOANN Customers" message. "We've got your go-to essentials & so much more!" the message reads. Joann to close all its fabric and craft stores amid bankruptcy In Thursday's press release, Michaels stated, "JOANN was a beloved destination for creators for generations, and Michaels is honored to serve this community with a dedicated landing page featuring the latest updates and a curated assortment of products." Joann, which first opened in 1943 in Cleveland, Ohio, grew into a leading craft and fabric retailer with stores in 49 states over the course of its 80 year lifespan. In February, Joann announced it would close all of its 790 stores following a bankruptcy filing in January. It subsequently began closing its store locations in March.
Yahoo
2 days ago
- Business
- Yahoo
Sew you're missing Joann already? Michaels expands fabric, more. What it means for shoppers
Crafters already missing the fabric, sewing supplies and yarn sold by Joann can breathe a little easier: Michaels is stepping in. Michaels announced June 5 it has acquired Joann's intellectual property and private label brands after Joann's declared bankruptcy and closed its remaining stores about a week ago. "Michaels welcomes JOANN customers with continued access to beloved brands, significant expansion of fabric, sewing, and yarn offerings, and special offers," the company announced in a news release June 5. The company has even created a special website for former Joann's customers. Here's what's happening, and what Michaels is planning. Joann, a fabric and craft retailer for more than 80 years, filed for Chapter 11 bankruptcy in January 2025, its second filing in less than a year. More than 800 stores closed, including a final batch of more than 440 by May 31. Twenty-three of those stores were in Florida. On June 5, Michaels announced it had "successfully completed the acquisition of the intellectual property and private label brands of JOANN, including the development of the beloved Big Twist brands as part of the Michaels portfolio." "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 David Boone, chief executive officer at Michaels, in a news release. "Michaels is expanding its fabric, sewing, and yarn assortment, adding over 600 products across new and existing brands, including sewing and quilting supplies, fabric, yarn, specialty threads, sewing machines, and more. "The acquisition and expanded product assortment reflect progress as Michaels continues to reimagine the customer experience to become the go-to destination for fueling creativity and celebration," the company said. "JOANN was a beloved destination for creators for generations, and Michaels is honored to serve this community with a dedicated landing page featuring the latest updates and a curated assortment of products." Among its plans, Michaels is expanding several areas: : "Searches for 'fabric' on have increased by 77% over the past year and Michaels has responded by making a significant investment in the category, increasing the assortment in over 680 stores, with plans for 280 more stores this year." Michaels is expanding its selection, including: Introducing new Brother and SINGER sewing machines Adding 50+ new needle crafting kits from DMC and Loops & Threads Debuting 10+ Pellon stabilizers and interfacing, specialty scissors, and thread packs, with Pellon cut-to-order batting coming in August Expanding assortment with new products from Clover, Fiskars, Coats & Clark, and Velcro Welcoming Oliso Smart Iron : "Michaels is actively expanding its yarn assortment by 25% this year to meet soaring customer demand." Here's what is new: Releasing over 60 new Loops & Threads offerings in-stores and online starting in June Introducing new and expanding national brand collections from Red Heart, Bernat, and Lion Brand in the summer of 2025 Expanding best-selling Amigurumi kits with 12+ new seasonal offerings in the 2025 holiday season Welcoming beloved Joann brands, including Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear, which will be available in-stores and online later this year. Additional products will continue to roll out throughout the year, Michaels said. There are Michaels stores in 72 Florida cities. To find the nearest one, go to The arts and crafts store has more than 1,300 stores in 49 states and Canada. This article originally appeared on Treasure Coast Newspapers: Michaels' Joann brands buy: Fabric, yarn, sewing supplies to expand
Yahoo
3 days ago
- Business
- Yahoo
The Michaels Companies, Inc. Acquires JOANN® Intellectual Property and Private Label Brands
Michaels welcomes JOANN customers with continued access to beloved brands, significant expansion of fabric, sewing, and yarn offerings, and special offers IRVING, Texas, June 5, 2025 /PRNewswire/ -- The Michaels Companies, Inc. today announced it has successfully completed the acquisition of the intellectual property and private label brands of JOANN, including the development of the beloved Big Twist® brands as part of the Michaels portfolio. In addition, Michaels is expanding its fabric, sewing, and yarn assortment, adding over 600 products across new and existing brands, including sewing and quilting supplies, fabric, yarn, specialty threads, sewing machines, and more. The acquisition and expanded product assortment reflect progress as Michaels continues to reimagine the customer experience to become the go-to destination for fueling creativity and celebration. "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." FabricSearches for 'fabric' on have increased by 77% over the past year and Michaels has responded by making a significant investment in the category, increasing the assortment in over 680 Stores, with plans for 280 more Stores this year. Michaels offers an extensive range of fabric with over 10,000 options available online. From vibrant cottons for quilting to versatile broadcloth for apparel and home decor, every creator now has access to an unparalleled selection of materials to bring their visions to life. SewingStitching its way back into the spotlight, searches for 'sewing' have increased by 39% on since last year. Michaels is responding by expanding its selection of customer-loved brands starting this month to ensure every creator has access to the tools and materials they want, including: Introducing new Brother® and SINGER® sewing machines Adding 50+ new needle crafting kits from DMC® and Loops & Threads® Debuting 10+ Pellon® stabilizers and interfacing, specialty scissors, and thread packs, with Pellon cut-to-order batting coming in August Expanding assortment with new products from Clover, FISKARS®, Coats & Clark™, and VELCRO® Welcoming best-selling Oliso® Smart Iron YarnReflecting the growing resurgence in knitting, crocheting, and other fiber arts, Michaels is actively expanding its yarn assortment by 25% this year to meet soaring customer demand. From the most skilled crocheter to those picking up knitting needles for the first time, every level of crafter can now find what they are looking for at Michaels. Here's what's new: Releasing over 60 new Loops & Threads offerings in-stores and online starting this month Introducing new and expanding national brand collections from Red Heart®, Bernat®, and Lion Brand® this summer Expanding best-selling Amigurumi kits with 12+ new seasonal offerings launching this holiday season Welcoming beloved JOANN brands including Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear, which are now being developed as part of Michaels portfolio of brands and will be available in-stores and online later this year With many of these latest additions available now, knitters and sewists alike can shop in-store and online at Additional products will continue to roll out throughout the year. Special Welcome for JOANN CustomersJOANN was a beloved destination for creators for generations, and Michaels is honored to serve this community with a dedicated landing page featuring the latest updates and a curated assortment of products. The Michaels Companies, The Michaels Companies Inc., our purpose is to fuel the joy of creativity. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at and The Michaels Companies, Inc. also owns Artistree®, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit Media ContactErin PensaPRContact@ View original content to download multimedia: SOURCE The Michaels Companies, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
West Topeka craft store closes on Saturday, what to know
TOPEKA (KSNT) – The final days of business have arrived for a west Topeka craft supply store. 27 News checked in with staff at the JOANN store in Topeka, located at 1133 Southwest Wanamaker Road, on Wednesday, May 21. A store employee confirmed the last day of business for the location will come on Saturday, May 24. Wamego Caterpillar facility changes ownership, hundreds of local jobs saved JOANN announced it would be shuttering all of its stores in Kansas in February this year. Its stores are currently holding 'going-out-of-business sales' with many store items being offered at reduced prices. The fabric and craft retailer filed for bankruptcy in January 2025, announcing that 500 of its stores would close nationwide. The company later extended the closures to include nearly 800 locations across the country. You can visit the JOANN website by clicking here. Topeka fashion store to shut down soon, what to know For more local news, click here. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here. Follow Matthew Self on X (Twitter): Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
