Michaels Gets a Lifeline From Demise of Rivals and Pause on Tariffs. The arts-and-crafts retailer told its debtholders that same-store sales rose 2.3% in May quarter. By Soma Biswas.

Starting this month, Michaels will begin offering 60 new Loops & Threads yarns in stores and online. This summer, yarn collections from Bernat, Lion Brand and Red Heart will be available.

Michaels announced that it acquired Joann's intellectual property and brands on Thursday. The arts and crafts juggernaut says it will add over 600 products across new and existing brands.

Michaels is jumping into the void left by the collapse of Joann, announcing Thursday that it’s buying the fabric retailer’s private label and drastically expanding its sewing selection.

Joann stores in Eugene and Springfield were among those closed in 2025. Michaels acquired Joann’s intellectual property and several private brands. A special landing page is available for Joann ...

Michaels will close its Tracy distribution center in August, affecting 229 employees. Here's what we know. News Sports Entertainment Lifestyle Opinion Advertise Obituaries eNewspaper Legals.

The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts ...

Michaels has acquired the intellectual property and private label brands of competitor Joann, which closed its stores last month. July 4 boycott calls for no parades, no fireworks shows, no flags.

Seth Meyers fondly recalls how 'Saturday Night Live' producer Lorne Michaels was worried about being canceled after saying he 'loved' him in a profile of the comedian.

In addition, Michaels has also bought the Joann name. Here's a simple breakdown of what is actually going to change, from store names to products and more. When did Joann close?

Michaels has purchased the intellectual property (IP) and private label brands of Joann and will add more than 600 fabric, sewing and yarn products as it seeks to woo this segment of crafting ...