Business Where you can soon find Joann fabric’s merch, Big Twist yarn; popular chain will add 600 products Updated: Jun. 12, 2025, 10:05 a.m. | Published: Jun. 10 ...

The remaining 440+ Joann stores will close by May 31. The fabric and craft retailer filed for bankruptcy in January 2025, its second within a year.

Michaels has acquired the intellectual property and private label brands of competitor Joann, which closed its stores after filing for bankruptcy.

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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.

Fabric is being transformed as a decision infrastructure layer to support faster decision making and easier development of agentic applications, analysts say.

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Michaels has acquired the intellectual property and private label brands of competitor Joann, which closed its stores after filing for bankruptcy.

Joann Fabric and Crafts filed for Chapter 11 bankruptcy (twice) and in February 2025 announced plans to shutter its stores with going-out-of-business sales.

It gives fabric an aesthetic and elegant finish, comparable to silk, which is why you'll often find it in the best luxury mattresses you can buy now.

Joann fabric and craft retailer is closing all its stores after filing for bankruptcy. Nine Florida stores closed on April 28th, with others closing earlier in the month.

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.