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.
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