Michaels expanding selections to woo former Joann customers

Michaels announced it has acquired the intellectual property and private label brands of former competitor Joann.

The arts and crafts store said it's planning a "significant expansion of fabric, sewing, and yarn offerings."

Michaels has stores in 72 Florida cities.

Crafters already missing the fabric, sewing supplies and yarn sold by Joann can breathe a little easier: Michaels is stepping in.

Michaels announced June 5 it has acquired Joann's intellectual property and private label brands after Joann's declared bankruptcy and closed its remaining stores about a week ago.

" Michaels welcomes JOANN customers with continued access to beloved brands, significant expansion of fabric, sewing, and yarn offerings, and special offers," the company announced in a news release June 5.

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