- Michaels has acquired Joann’s intellectual property and private labels as its own customers’ interest in sewing grows, the company said Thursday. Michaels did not acquire any physical Joann locations as part of this transaction, a company spokesperson said by email.
- The spokesperson declined to disclose the purchase price and didn’t address questions about how it might use Joann’s logo or other trademarks, except to say it will be developing Joann private brands Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear.
Joann’s future a mystery as Michaels snaps up IP, private labels | Retail Dive
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Leading adventure travel operator REI Co-op added 10 trips as part of its expansion to meet demand of its most popular destinations and introduced new itineraries to California’s wine country, Maine’s 100-Mile Wilderness, the Pacific Northwest and more. At the same time, REI purchased 20 acres near the Grand Canyon to build its latest signature camp, which will open in spring 2025. “For more than three decades, we’ve led trips to the some of the most remote and storied locales in the U.S. and Canada. Each REI adventure trip is an immersive experience that our guests will remember for a lifetime,” said Mark Seidl, divisional vice president of REI Experiences. “Our expansion reflects the trust instilled in our brand to offer unmatched small group adventure travel from coast to coast.”
Total revenues across all categories for October 2024 were up 8.3% as compared to October 2023, coming in at $1.4 billion. Year-to-date revenues were up 7.1%, at $12.1 billion for the first ten months of the year.
Trade (Consumer Books) revenues were up 7.3% in October at $1.1 billion. In terms of physical paper format revenues during the month of October, in the Trade (Consumer Books) category, Hardback revenues were up 8.8%, coming in at $487.9 million; Paperbacks were up 6.2%, with $321.4 million in revenue; Mass Market was up 11.7% to $10.1 million; and Special Bindings were up 1.5%, with $27.2 million in revenue. Year-to-date Trade revenues were up 6.9% at $7.9 billion for the first ten months of the year. Hardback revenues were up 7.5%, coming in at $2.9 billion; Paperbacks were up 3.8%, with $2.7 billion in revenue; Mass Market was down 16.2% to $101.1 million; and Special Bindings were up 4.3%, with $187.4 million in revenue.
At outlets that report to NPD BookScan, unit sales of print books were down 1% in the week ended Dec. 3, 2017, from the similar week in 2016. This was the second consecutive week in the holiday season that sales were lower than at the same time last year; the previous week saw a 2% decline from the similar week in 2016. The only major category in which sales rose was juvenile nonfiction: units were 5% higher than in the week ended Dec. 4, 2016. Harry Potter: A Journey Through a History of Magic by the British Library remained the category’s top seller, with more than 28,000 copies sold in the week. Among books that posted solid gains in the week were Laugh-Out-Loud Jokes by Rob Elliott, which sold more than 13,000 copies to land in fifth place on the category bestsellers list, and How to Draw 101 Animals by Dan Green, which was in sixth place with almost 13,000 copies sold. Both the adult categories had lower sales than in the similar week in 2016. Click Read More below for additional information.