After the official closure of all Joann Fabrics stores on May 31, many locally owned craft shops in the Milwaukee area have ...

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.

Craft retailer Michaels has acquired the intellectual property and private label brands of bankrupt competitor Joann – a move to attract customers who were devoted to the fabric and craft stores.

Michaels has already increased their fabric assortment in more than 680 stores, according to the news release, and plans to grow their selection in an additional 280 stores this year. The craft ...

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 ...

The arts and crafts store said it's planning a "significant expansion of fabric, sewing, and yarn offerings." Michaels has stores in 72 Florida cities.

Michaels buys Joann brand, plans to expand crafting supply to meet demand The arts and crafts retailer is expanding its fabric, sewing supplies and more.

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 ...