National Retailer Buys Joann, Will Expand Offerings: What Customers Can Expect

Four alternatives after Joann closures as chain's brands are still on shelves

CONSUMERS can still find products sold at Joann Fabric and Crafts at one competitor and alternatives at three other retailers. Joann notably went bankrupt in January after significant financial woes. Joann Fabrics and Crafts is completely gone after its bankruptcy filing (stock image)Alamy GettyCustomers can still get some of their favorite items at alternative stores (stock image)[/caption] It’s the second time the chain filed for Chapter 11 ba…

National retailer buys Joann, will expand offerings: What customers can expect

It looks like Joann – the bankrupt national craft chain that closed all its stores – will live on.Michaels ,has acquired the intellectual property and private label brands of Joann. The acquisition include Big Twist brand owned by Joann.

Michaels plans to revive Joann's private brands at retail, online

Michaels said the acquisition of the Joann private-label assets will enable it to adding more than 600 products across new and existing brands, including sewing and quilting supplies, fabric, yarn, specialty threads and sewing machines.