Jo Ann's buyout?
#21
Originally Posted by akrogirl
Buy-outs by groups like this, only interested in grabbing as much money as they can and with no genuine interest in the business, usually don't work out well. Very sad to hear this.
#23
Change can be hard...I still miss places like Northwest Fabrics and mail ordering from LeeWards...anyone remember Lee Wards? Our local Joann's is small and crowded - I do hope this will be a good thing for the employees and consumers alike. Cookiedal1 - thanks for your perspective from inside the retailing industry.
#24
Super Member
Join Date: Feb 2010
Location: Appleton, WI
Posts: 1,008
Oh yes, I remember Lee Wards. Change is going on everywhere in the retail business. Let's hope JoAnn's is not one of those that will disapear in our future. Let's also hope that the quality of the fabric gets better. I don't think it could go to much lower.
#26
Super Member
Join Date: Jul 2010
Location: Ohio
Posts: 2,148
From I heard/read joanns was bought out with in the past year by someone else and that is when the store started being better and making more profit. The "family" that owned and ran the company was not doing a good job and ran the company into debt. New owners helped turned it around and made company debt free. Hope the company that did the new byout does the same making the stores better. I have also seened that recently some of the snall stores in my area have gotten not stuff eventhough it makes the store seem crowded.
#30
Super Member
Join Date: Jan 2010
Location: Arizona
Posts: 1,134
Originally Posted by cookiedal1
Originally Posted by akrogirl
Buy-outs by groups like this, only interested in grabbing as much money as they can and with no genuine interest in the business, usually don't work out well. Very sad to hear this.
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