Overview

• Michaels has completed the purchase of Joann’s intellectual property and private-label brands, including the Big Twist yarn and fabric lines.
• The retailer is adding over 600 new SKUs across fabric, sewing, and yarn categories to meet growing DIY demand.
• To date, 680 Michaels stores have received the expanded textile selection and 280 additional locations will be stocked by the end of 2025.
• Searches on Michaels.com for “fabric” and “sewing” have increased by roughly 80 percent and 40 percent respectively over the past year.
• Debtwire placed Michaels on its Retail Distressed Watchlist, citing tariff pressures on its 75 percent China-based supplier network.