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 property and private label brands after Joann’s declared bankruptcy and closed its remaining stores about a week ago.
“Michaels welcomes JOANN customers with continued access to beloved brands, significant expansion of fabric, sewing, and yarn offerings, and special offers,” the company announced in a news release June 5.
The company has even created a special website for former Joann’s customers.
Here’s what’s happening, and what Michaels is planning.
What happened to Joann?
Joann, a fabric and craft retailer for more than 80 years, filed for Chapter 11 bankruptcy in January 2025, its second filing in less than a year.
More than 800 stores closed, including a final batch of more than 440 by May 31. Sixteen of those stores were in Indiana.
Michaels acquires ‘intellectual property and private label brands of Joann’
On June 5, Michaels announced it had “successfully completed the acquisition of the intellectual property and private label brands of JOANN, including the development of the beloved Big Twist brands as part of the Michaels portfolio.”
“This acquisition allows us to better serve both new and existing customers, respond to rising demand across categories, and build on our momentum as the destination for creating and celebrating in North America,” said David Boone, chief executive officer at Michaels, in a news release.
What is Michaels doing to attract former Joann customers?
“Michaels is expanding its fabric, sewing, and yarn assortment, adding over 600 products across new and existing brands, including sewing and quilting supplies, fabric, yarn, specialty threads, sewing machines, and more.
“The acquisition and expanded product assortment reflect progress as Michaels continues to reimagine the customer experience to become the go-to destination for fueling creativity and celebration,” the company said.
“JOANN was a beloved destination for creators for generations, and Michaels is honored to serve this community with a dedicated landing page featuring the latest updates and a curated assortment of products.”
Michaels expanding fabric, sewing, yarn supplies
Among its plans, Michaels is expanding several areas:
Additional products will continue to roll out throughout the year, Michaels said.
How many Michaels stores are in Indiana?
There are Michaels stores in 16 Indiana cities. To find the nearest one, go to locations.michaels.com/in.
The arts and crafts store has more than 1,300 stores in 49 states and Canada.
This article originally appeared on The Reporter Times: Missing Joann Fabrics? Michaels Arts and Crafts steps up to meet the demand
Reporting by Cheryl McCloud, USA TODAY NETWORK – Florida / The Reporter Times
USA TODAY Network via Reuters Connect
