Michaels Expands with Key Joann Fabrics IP and Private Label Brands
In 2024, Joann Fabrics filed for bankruptcy. It shocked many of us who love crafting. For years, Joann was the go-to place for fabric, yarn, and sewing supplies. But rising costs, fewer in-store shoppers, and online pressure took a toll. Now, Michaels, the biggest arts and crafts store in North America, is stepping in. They’re…