Michaels completes acquisition of Joann’s intellectual property and fan-favorite labels
Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels.
Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels.
Fabric and crafts retailer Joann Inc., which has been a destination for generations of quilters, knitters and other lovers of crafts for more than 80 years, is going out of business and closing all stores.
Craft retailer Joann Fabrics is closing 500 stores, some in Alabama, as it tries to emerge from bankruptcy.
The fabrics and crafts store chain JOANN has filed for bankruptcy for a second time within a year.
Joann’s more than 800 stores and its website will continue to operate normally during the bankruptcy process.