I worked for JoAnn's last year when we moved an old location to a bigger one...when you sign up for the mailer, be patient, it took mine about 3 months to start showing up...they are remodeling or opening something like 27 stores a year!
Here's an article I found on line:
Ohio-based Jo-Ann Stores sold for $1.6 billion
Thursday, December 23, 2010 08:42 AM
The Columbus Dispatch
HUDSON, Ohio (AP) - Jo-Ann Stores Inc. is being bought by an affiliate of private equity firm Leonard Green & Partners LP for about $1.6 billion.
The fabric and craft store operator's stock jumped $15.32, or 34 percent, to $60.95 in Thursday pre-market trading.
The deal is valued at $61 per share, a 34 percent premium to Jo-Ann's Wednesday closing price of $45.63.
Lead Director Scott Cowen said in a statement that the Hudson, Ohio-based company was not actively seeking a buyout but felt it was in the best interest of its stockholders, workers and other partners.
Jo-Ann's board unanimously approved the deal, but is allowed to seek alternative proposals through Feb. 14, 2011.
The acquisition is expected to close in the first half of 2011 if the majority of stockholders approve the transaction.
If you have a super store, they usually have classes...and you can sign up to be a teacher. I just signed up to teach crazy quilt classes in Idaho Falls new superstore!!!
BJ