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Anderson gave a first glimpse of his hotly anticipated turn as the brand’s creative director: a Book Tote with a bold message.

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

The ball of yarn is running out for an iconic fabric and craft retailer. Joann will permanently close all its stores by May 31, including its locations in Washington.

The remaining 440+ Joann stores will close by May 31. The fabric and craft retailer filed for bankruptcy in January 2025, its second within a year.