It must be wild to be a private equity guy. One day you wake up and are like “today we’re taking out our worst enemy: yarn.”
Reposted from
Phil Lewis
Joann, a destination for generations of lovers of crafts projects for 80 years, is going out of business and shuttering all its stores
Comments
I'm starting to learn how they might have went out of business.
Now it’s really gonna be going to the speciality quilting stores.
So secured customer base that only grows as HL continues to tick people off over time.
Not one. It's EXTRACTIVE wealth for "shareholders".
I’d better go get some bra extensions, if they have any left.
From Chainsaw Al Dunlap to Goldman Sachs & now every billionaire & their buddy we are watching the acquisition of everything with nothing but higher costs and lower quality to look forward to.
Damn fools electing Trump
When I was struggling, I would go to Joann's.
When I was celebrating little milestones in my sobriety or just needed to treat myself for staying sober, I'd go to Jo-Ann's.
I'm so sad about this. I'm gutted
“clothes”
“who wears clothes”
“people”
“who is people”
“everybody”
“BUY IT”
But first, wrap them in a cocoon of acrylic yarn, to stabilize them.
I make clothes, curtains, pillow covers, etc - guess I'll just stop doing that now
https://www.reddit.com/r/AmItheAsshole/comments/15tf2bh/aita_for_asking_my_girlfriend_to_stop_knitting_so/
We lost Toys R Us, Red Lobster, and JoAnn Fabrics because Maximizing Shareholder Value.
soon, the earthquake phase
2. find out?
https://go.bsky.app/QprMQs5