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It's no secret that the retail industry has been struggling in recent years as customer habits change. Even some of the most recognizable names are trying to navigate financial hardships, while others have been forced to. This can be especially hard for people who are devoted supporters of certain stores. And now, JOANN shoppers are saying they fear there will be drastic changes after the company declared bankruptcy.
"Michaels has a very bad habit of purchasing companies like this—one of them being a smaller chain of craft stores that was tied to the manufacturing label Darice," they explain."Darice was a very affordable craft supplier for a lot of people, and Michael's purchased them and then just let the whole thing die. There was no more of that craft line, and there was no more Darice. And that screwed over a lot of crafters. That's right! Michaels isn't the good guy.
However, they still predicted that even a Michaels takeover isn't a foregone conclusion."I'm not entirely sure Michaels is particularly stable, either," they said in the video."Again, I think a lot of these brick-and-mortar, big corporate, big chain places are really struggling." They point out that more shoppers are heading online for better deals.
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