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A comment on Fabric and craft retailer Joann to go out of business, close all of its stores. Parent comment

Re:Fabric and craft retailer Joann to go out of business, cl... by alephnerd on Tuesday February 25, 2025 @11:33AM (#43174024)
Absolutely! There is a PMF for stores selling craft goods to hobbyists.

It's not a business model that can justify a cross national big-box store chain, but it can absolutely support local businesses who can better manage margins.

And this was a major reason why Joann's (and similar big boxes like Toys-r-Us or Borders) couldn't compete.

[ Parent | on HN ]
Re:Fabric and craft retailer Joann to go out of business, cl... by ksenzee on Tuesday February 25, 2025 @11:38AM (#43174118)
TBF Joann’s didn’t fail because of their business model. They failed because they were looted by private equity.
[ Parent | on HN ]
Re:Fabric and craft retailer Joann to go out of business, cl... by alephnerd on Tuesday February 25, 2025 @11:39AM (#43174129)
I have written a comment below on why this train of thought is reductive.
[ Parent | on HN ]