It was announced today that Michael’s, headquartered in Irving, Texas has purchased all 34 of the Pat Catan’s art and craft stores in Ohio, Pennsylvania and West Virginia. Pat Catan’s is the retail division of Darice (aka Lamrite West) which is located in Strongsville, Ohio. Michaels said Tuesday it paid $150 million in cash for Ohio-based Lamrite West Inc., which in addition to its Pat Catan’s craft stores has a wholesale supply business. That operation can help Michaels develop […]
Scrapbook Update Features CHA Winter Sneak Peeks
Right now the big buzz in the crafting industry is the Craft and Hobby Association Convention in Anaheim, California. The Winter show is the one in which all of the big-name craft manufacturers debut their new product lines. Since it’s a tradeshow and not open to the general public, the next-best thing (aside from going to the Supershow, that is) is checking out the “Sneak Peeks” that many companies “leak” to the online community in order to build buzz. There […]