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Michaels to close Pat Catan’s nearly three years after buying local craft store chain

January 30, 2019

Michaels to close Pat Catan’s nearly three years after buying local craft store chain

CLEVELAND, Ohio - Michaels confirmed this morning that all Pat Catan’s stores will close, although 12 will be rebranded as Michaels with plans to reopen later this year.

“After a comprehensive review, we have made the difficult decision to close the Pat Catan’s retail stores,” said Chuck Rubin, chairman and CEO of the Michaels Companies, in a statement. “We expect to rebrand and reopen up to 12 stores as new Michaels stores in fiscal 2019, and we will continue to maintain a support center and distribution center in Strongsville, Ohio to support our growing wholesale business. We believe these changes will provide more value for customers and shareholders by enabling us to leverage a more consistent merchandise assortment and eliminate duplicative retail operating expenses.” continued Rubin.

Michaels did not immediately confirm what will happen to the current Pat Catan’s employees, but Rubin offered a statement in the press release.

“This was not an easy decision, and I am grateful for the contributions of our Pat Catan’s Team Members,” he said. “As we work through the closing process, we intend to provide employment opportunities or transition support for all Team Members.”

In February 2016, the locally founded, family-run crafts and decor retailer, was acquired by Michaels Companies Inc. for $150 million. Michaels Companies Inc. is the largest arts and crafts retailer in North America, based in Irving, Texas.

At the time of the acquisition Michaels said Lamrite West, the name of the company Pat Catanzarite founded in 1954 to supply craft supplies, would keep its team and headquarters in Strongsville. And unlike what often happens after mergers, Pat Catan’s arts and crafts stores in Ohio, Pennsylvania, Michigan, and West Virginia would continue to operate independently under Michaels. A spokeswoman also said employees at the company, as well its wholesale business, called Darice Inc. would all keep their jobs. At the time of the merger Lamrite West had about 1,600 employees.

Pat Catan’s has 16 stores in Northeast Ohio, including locations in Akron, Amherst, Austintown, Bedford, Boardman, Cleveland, Cuyahoga Falls, North Canton, North Ridgeville, Painesville, Parma, Strongsville, Warren, Westlake, Willowick, and Wooster.

Michaels owns and operates more than 1,200 stores in 49 states and Canada under the brand.

-- This story is updating.

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