(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.

Michaels is launching "The Knit & Sew Shop," which will feature Joann's branding and private-label products. The new shop-in-shop concept will offer an expanded selection of fabric, yarn and sewing ...

Crafting chain Michaels has purchased Joann brands and is increasing its product offerings, after Joann's shuttered its doors in Michigan and nationwide amid bankruptcy. Michaels acquired Joann's ...

Craft retailer Michaels bought Joann's intellectual property and private label brands. The move comes as Joann closed all stores after filing for bankruptcy. Michaels is expanding its fabric, yarn and ...