Latest news with #Michaels'
Yahoo
4 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 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
Associated Press
21-04-2025
- Business
- Associated Press
Michaels Welcomes New Executive Vice President
Genevieve Bauer Joins Leadership Team Overseeing Management Operations CAMDEN, NEW JERSEY / ACCESS Newswire / April 21, 2025 / The Michaels Organization, a national leader in residential real estate with full service capabilities in development, property management, construction, and investment, announced today that Genevieve Bauer has joined its Leadership Team as Executive Vice President of Management Bauer A headshot of Genevieve Bauer, Executive Vice President, Management Operations, The Michaels Organization. A senior real estate executive with deep experience in property management operations across all housing sectors including market-rate, affordable, student, and military housing, Bauer is positioned to succeed Kimberlee Schreiber, president of Michaels Management, who has announced her intention to retire in two years. 'We truly cannot express how grateful we are to Kimberlee for her leadership and dedication to Michaels,' said Matt Sullivan, Michaels' Chief Operating Officer. 'She has been with Michaels for more than 15 years, the last ten in the role of President, as our portfolio grew by more than 30,000 units and our geographic footprint increased by four states. She has deeply embedded our mission of creating Communities that Lift Lives into our culture and has been a role model for all those who have had the pleasure of working for and with her,' Sullivan said. Under Schreiber's leadership, Michaels Management has been the recipient of multiple awards, including being named Property Management Company of the Year three times by The National Association of Homebuilders. Bauer's appointment now as EVP will provide an opportunity for her to embark on a tour of Michaels' extensive portfolio, which extends from coast to coast, as well as Hawaii and the Caribbean. She will work side-by-side with Schreiber and the other members of Schreiber's executive leadership in all aspects of property operations, including financial management, resident services, compliance, and technology. 'I am delighted to welcome Gen to Michaels and look forward to her leading our management team into the future with great success,' said Schreiber. 'All of Michaels' achievements over the past half century are due to our people--our great teammates who live our mission to Lift the Lives of our residents and each other. Gen embraces our culture and our mission and will be supported by the best team in the business,' Schreiber said. Bauer comes to Michaels from MAXX Properties where she served as Chief Operating Officer. Her prior experience also includes Senior Vice President roles at Balfour Beatty Communities and WinnCompanies. She holds a Certified Property Management designation from the Institute of Real Estate Management and a Certified Defense Privatization Manager Designation from the Military Housing Lodging Institute. In 2008, she was recognized with an 'Up and Comer' Award by Multifamily Executive Management for her success 'tangibly contributing to the financial success of her company.' Educated at the University of Denver, Bauer holds a Master's Degree in Leadership and Organizations. Her industry involvement includes serving as Past Chair of the NAA's Apartment Careers Committee and as Past Chair of the Privatized Military Housing Committee. Her volunteer service includes being a founding member of the National Training Committee for Entryway, a nonprofit organization dedicated to career training and economic self-sufficiency. About The Michaels Organization Michaels is a national leader in residential real estate, offering full-service capabilities in development, property and asset management, construction, and investment. Serving more than 200,000 residents in more than 600 communities across 39 states, the District of Columbia, and the U.S. Virgin Islands, Michaels is committed to crafting housing solutions that jumpstart education, civic engagement and neighborhood prosperity, and to creating Communities That Lift Lives. Contact Information: Laura Zaner Vice President, Michaels Corporate Marketing [email protected] 856-988-5983; 856-630-1540 SOURCE: The Michaels Organization press release
NBC News
10-04-2025
- Entertainment
- NBC News
U.K. version of 'Saturday Night Live' featuring British cast due in 2026
LONDON — An all-British version of NBC's "Saturday Night Live" is coming next year, with show's creator Lorne Michaels acting as executive producer, U.K. broadcaster Sky announced Thursday. The show will be produced from London by Michaels' Broadway Video and Universal Television Alternative Studio's U.K. production team and will feature "a star-studded line-up of hosts," the company said in a news release. Sky is owned by Comcast, the parent company of NBCUniversal, which also owns NBC News. The broadcaster said it will have same 'live, fast-paced style that has made the show a cultural phenomenon with iconic hosts, musical guests and a core cast of the funniest British comedians around.' "The show has discovered and nurtured countless comedy and musical talents over the years," Cecile Frot-Coutaz, the CEO of Sky Studios said in a news release, adding that the show would be "all live from London on Saturday night.' Michaels will continue to executive produce the original U.S. version of the show. 'SNL' celebrated its 50th anniversary in February, inviting past luminaries including Steve Martin, Bill Murray and Eddie Murphy to take part in a special edition Deadline reported in 2021 that a British 'SNL' was in the works at Sky. There have been short-lived versions of 'SNL' in various countries in recent years, including Japan and Italy. The South Korean version of the show remains on air.
