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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 wrs on Tuesday February 25, 2025 @04:08PM (#43177430)
As a reminder, the question was “why does a craft store need double-digit growth?” And the answer is “it doesn’t, until the owners make a big enough bet that it’s unrecoverable if they fail”.
[ Parent | on HN ]
Re:Fabric and craft retailer Joann to go out of business, cl... by alephnerd on Tuesday February 25, 2025 @04:45PM (#43177906)
In Joann's case, they were competing with Michaels and Hobby Lobby, nor were they that differentiated from Michaels.
[ Parent | on HN ]