Tag

Michaels

All articles tagged with #michaels

business6 months ago•1 min saved

Michaels Revives Joann Fabrics with New Sections and Store Launches

Michaels is reviving the Joann brand within its stores by creating a new Knit & Sew Shop section using Joann’s branding and products, and expanding its party supplies section, making it North America’s largest specialty fabric and party retailer. This move follows Michaels' acquisition of Joann’s intellectual property after Joann's bankruptcy, aiming to capitalize on the decline of other specialty stores like Joann and Party City. The new sections are already in 840 stores and will expand further, with plans to hire 10,000 seasonal workers for the upcoming holiday season.

via Los Angeles Times|

#business #craft-stores #joann

business6 months ago•2 min saved

Michaels Revives Sewing, Knitting, and Party Shops Amid Market Shifts

Michaels is reviving the Joann brand by introducing a 'Knit & Sew Shop' format in its stores, leveraging Joann's popularity and its own acquisition of Big Twist yarn, and expanding its offerings with new concepts like 'The Party Shop at Michaels' to capture market share after the collapse of Joann and Party City.

via CNN|

#business #crafting #joann

business10 months ago•2 min saved

Michaels Acquires Joann, Expanding Craft Supply Offerings

Michaels has acquired Joann's intellectual property and private label brands, including popular yarns, to expand its crafting supplies and meet rising demand, with plans to increase product offerings and store presence.

via ABC News|

#acquisition #business #crafting-supplies

business10 months ago•3 min saved

Michaels Acquires Joann's IP and Private Label Brands

The Michaels Companies has acquired JOANN's intellectual property and private label brands, including Big Twist®, and is expanding its craft product offerings across fabric, sewing, and yarn categories to better serve customers and enhance its position as a creative destination in North America.

via PR Newswire|

#acquisition #business #craft-supplies

business1 year ago

Kohl's Appoints Michaels CEO Amid Leadership Shakeup

Kohl's has appointed the CEO of Michaels, a leading arts and crafts retailer, to help steer the company towards a turnaround. This leadership change is part of Kohl's strategy to revitalize its business and improve its market position.

via The New York Times|

#business #ceo #kohls

business2 years ago•3 min saved

"Retail Shake-Up: Joann Fabric's Bankruptcy and the Future of Craft Stores"

JOANN Fabric is facing financial difficulties due to plummeting sales and crippling debt, leading to the closure of several stores and mass layoffs. There are concerns about the future of the company, with speculation that it may be purchased by art supply store Michaels. This has sparked mixed reactions from consumers, with some expressing loyalty to JOANN and others hoping for better competition in the fabric market.

via The Daily Dot|

#bankruptcy #business #fabric-industry

crime2 years ago•2 min saved

"Mom influencer" convicted of faking attempted kidnapping in California

Kathleen Sorensen, a California woman, has been found guilty of falsely reporting that a couple tried to kidnap her children at a Michaels craft store in Petaluma, California, in 2020. She could serve up to six months in jail for one count of false report of a crime. Sorensen recorded and posted a viral video on Instagram about the purported incident, but her report proved to be false and was contradicted by store video and the accused couple. The jury also found Sorensen not guilty on two additional charges.

via CNN|

#california #crime #false-report