Crafters already missing the fabric, sewing supplies and yarn sold by Joann can breathe a little easier: Michaels is stepping in. Michaels announced June 5 it has acquired Joann's intellectual ...

Michaels’ opening party took place during business hours from 9 a.m. to 2 p.m. in the new storefront’s location, 1416 S. Main St., Suite 200, in Adrian’s Crossroad Plaza.

While Michaels is the largest U.S. arts and crafts retailer, it’s an upstart in the marketplace business that’s seen recent entrances from Macy’s to Walmart. Etsy, which had more than $13 ...