Michaels is launching "The Knit & Sew Shop," which will feature Joann's branding and private-label products. The new shop-in-shop concept will offer an expanded selection of fabric, yarn, and sewing ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Looking to grab market share amid Party City and Joann’s ...

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 ...

Craft retailer Michaels bought Joann's intellectual property and private label brands. The move comes as Joann closed all stores after filing for bankruptcy. Michaels is expanding its fabric, yarn and ...

Fabric and craft retailer Joann shut its doors for good in February 2025 after filing for Chapter 11 bankruptcy twice within a year. By the end of May 2025, Joann closed approximately 800 stores in ...

(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.