Joann fabrics bought out!
#1
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Join Date: Dec 2009
Location: Enid, OK
Posts: 8,273
An investment firm is going to acquire JoAnn fabrics...
http://www.pbn.com/Jo-Ann-Stores-to-...n-unit-for-16B,54601
THIS will not change your JoAnn, unless they build a new one...this is only about $$$$....the same people will still run JoAnn's
http://www.pbn.com/Jo-Ann-Stores-to-...n-unit-for-16B,54601
THIS will not change your JoAnn, unless they build a new one...this is only about $$$$....the same people will still run JoAnn's
#4
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Join Date: Dec 2009
Location: Enid, OK
Posts: 8,273
it was thought that walmart would buy them, but instead JoAnn just bought all the fabric walmart no longer carries!Of course now walmart wishes it had fabric back...the upcoming rise in cotton costs is going to drive people to by cheap fabric. Though my distributors are saying that cotton fabric like solids will start at $5.00 yd come 1/15/11! that is the wholesale cost...you do the math to figure out what YOU the consumer will be paying.....I am so happy to have over 3,000 yards in my stash...ehehhe
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tatavw01
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06-04-2011 01:16 PM