Michaels Acquires Joann: Expanded Sewing Selection for Arizona Shoppers
Big changes are shaking up the retail craft world. Joann craft stores have closed all their locations after two bankruptcy filings in just one year.
Michaels, a major name in arts and crafts, jumped at the chance to acquire Joann’s intellectual property and private label brands. This move should boost Michaels’ fabric and yarn selection, which customers have been wanting more of lately.
The closure of Joann’s roughly 800 stores, including 17 in Arizona, marks the end of an era. But for Michaels, it’s the start of something new as they broaden their product lineup and tighten their grip on the market.
If you want the full scoop, check out the story on azcentral.
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The Acquisition: A Strategic Move
Michaels didn’t just stumble into this deal—they’re aiming to lead the craft retail scene. By picking up Joann’s intellectual property and private label brands, Michaels gets access to names like Big Twist, which will soon hit their shelves.
Joann’s product range is now in Michaels’ hands, letting them better serve both loyal and new customers. More fabric, sewing, and yarn? Yep, that’s what’s coming.
Expansion of Product Range
Michaels plans to roll out over 600 new products. Here’s a taste of what’s coming:
- Brother and Singer sewing machines
- Oliso Smart Irons
- Needle crafting kits from DMC and Loops & Threads
These new arrivals will seriously beef up Michaels’ fabric and sewing department. It feels like they’re really listening to what people want to make these days.
Meeting Customer Demand
In the past year, Michaels has seen a spike in searches for “fabric” and “sewing” on their website. Clearly, people are hungry for these supplies.
To answer the call, Michaels expanded their fabric selection in over 680 stores and plans to bump that number up by 280 more this year. They’re positioning themselves as the go-to spot for craft lovers who need fabric and more.
Increased Yarn Assortment
Yarn fans, you’re in luck. Michaels is increasing its yarn options by 25% this year.
Starting this month, you’ll find 60 new Loops & Threads yarns in stores and online. And if you’re into brands like Bernat, Lion Brand, or Red Heart, those are coming this summer too.
Joann’s Big Twist favorites—Value Plus, Twinkle, Posh, and Baby Bear—will also show up at Michaels later this year. It’s a lot to look forward to if you love to knit or crochet.
Welcoming Joann Customers
Michaels has set up a special landing page for former Joann shoppers. They want to make it easy for folks to find what they need and stay up-to-date on new products.
It’s a nice gesture, honestly. Michaels seems eager to welcome Joann’s customers and make sure they still have a creative home.
Enhanced Shopping Experience
Michaels’ CEO, David Boone, says he’s committed to making shopping better for Joann customers. By expanding what they offer and making things easier to find, Michaels wants to be the top choice for all things craft in North America.
Local Craft Stores in Arizona
Even as Michaels grows, there’s something special about local shops. Arizona has plenty of craft stores with their own unique flair.
- Arizona Art Supply in Phoenix
- Bead World in Scottsdale and Phoenix
- Blick Art Materials in Glendale and Tempe
- Floral Supply Syndicate in Phoenix
- H&R Fabrics in Phoenix
- Jerry’s Artarama in Tempe
- Phoenix Knits in Phoenix
- Quail Run Needlework in Scottsdale
- SAS Fabrics in Phoenix
- Scraps of Love in Peoria
- Sunshine Craft Co. in Phoenix
- Tandy Leather in Tempe
- The Yarnmonger in Phoenix
These spots offer everything from needlework and fabric to leather and paints. If you’re a craft enthusiast, you’ve still got plenty of choices around town.
Conclusion
The closure of Joann stores and Michaels’ takeover really shakes up the craft retail scene. Michaels seems eager to broaden its product range, especially in fabric, sewing, and yarn.
Customers might notice a richer selection on the shelves soon. If you’re curious about the nitty-gritty of this acquisition, check out the details at azcentral.