Michaels CEO reveals downfall of two major rivals was the inspiration for new ‘shop-in-shops’

FOR craft store giant Michaels, the failure of two rival retailers - both of which have since crumpled under bankruptcy and gone out of business - has ultimately been a boon for business. The downfall of the once-booming party supplier Party City and popular sewing and crafts chain Joann lent a helping hand to a...

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