The arts-and-crafts retailer told its debtholders that same-store sales rose 2.3% in May quarter.

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

Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels. The Michaels Companies announced on Thursday that it had completed its purchase of Joann's ...

Despite the summer heat, Michaels is diving into spooky season early, stocking its new Summerween collections, featuring ...

Michaels will expand its fabric, sewing and yarn offerings by adding 600 new products from the Joann brand line.

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.

Michaels purchased the JOANN name and will start offering bestselling products from JOANN stores, representing a huge ...

Michaels will soon close its distribution center in Tracy. The American arts and crafts retailer filed a Worker Adjustment ...

Michaels has acquired Joann’s intellectual property and private labels as its own customers’ interest in sewing grows, the company said Thursday. Michaels did not acquire any physical Joann locations ...

Michaels bought Joann's private label and intellectual property, including its name, according to CNN, although no specific plans have been announced for that.

After filing for bankruptcy, the fabric retailer shut down all of its stores. But it’s not a complete end for the brand.