Crafts retailer Michaels reportedly saw a 2.3% increase in same-store sales in the quarter ended May 1. In a private report to its debtholders, the...
Bankrupt craft retailer Joann will be closing all its stores, backtracking on a previous plan to keep some locations open. The company plans to sell...
Crafts chain Joann is seeking bankruptcy protection for the second time in under a year. Saddled with declining sales, the company had $615.7 million in funded debt...
Consumers are cutting back on nice-to-haves like craft supplies, and even when they do buy these items, they are increasingly choosing retail giants such as Amazon,...
U.K. and U.S. retailers are reportedly finding that deep discounts aren’t enough to woo consumers. “Even the strongest and highest profile brands up and down the country...
Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would...
During this quarter, JOANN opted to refine its retail approach to align better with customer demand. During the craft retailers’ latest earnings call on Monday...
Today, consumers crave the ability to maximize their precious free moments, and convenience in shopping is the key to achieving this. Not only does convenience...