Michaels now owns Joann - literally. The craft giant cashed in on the demise of Joann, formerly known as Jo-Ann Fabrics, in a recent purchase of its intellectual property and private-label brands. The ...

Joann fabric and craft stores will live on — sort of. Michaels recently announced it has acquired the intellectual property and private label brands of Joann and plans to expand its fabric, sewing and ...

CEO David Boone, who joined the craft retailer about a year ago, said the company’s efforts in fabric and party supplies have ...

The once-popular, now bankrupt fabric store, Joann, is being resurrected by its previous competitor Michaels. Michaels has introduced a new corner in its many outlets called the Knit & Sew Shop, which ...

IRVING, Texas — Craft retailer Michaels announced Thursday it has acquired the intellectual property and private label brands of Joann Inc., the competing fabric and craft company that filed for ...

Michaels is trying to woo shoppers of fabric and craft retailer Joann, which will close all of its stores by the end of May. The largest craft retailer in the U.S., Michaels has posted a message on ...

Add Yahoo as a preferred source to see more of our stories on Google. Luckily many other craft stores like JOANN are out there - some with a similar business model, and others with a more specific ...

As Joann shutters its store footprint, respondents to a recent Numerator survey said they would now shop for those products at Michaels or Hobby Lobby (74%), other online retailers (44%), mass ...