The Downfall of JOANN Fabrics

Streamed on:
1.1K

Taking a deep dive into what's behind the downfall of JOANN Fabrics. We'll be looking at the corporate retailer's leadership team, ex-CEO Wade Miquelon who has an interesting past, timeline of events, and reading your comments.
*Note: I did email JOANN's corporate communications contact early last week, but have not received a response.
*RESOURCES:*
https://investors.joann.com/
https://www.streetinsider.com/Corporate+News/JOANN+Inc+%28JOAN%29+Announces+Termination+of+Tom+Dryer%2C+VP+and+Controller/22169105.html
https://www.reuters.com/article/us-joann-leonardgreen/leonard-green-to-buy-jo-ann-stores-for-1-6-billion-idUSTRE6BM4HM20101223
https://www.forbes.com/sites/laurendebter/2021/03/12/joann-arts-and-crafts-retailer-ipo/?sh=6acbe1923d39
https://www.retaildive.com/news/joann-files-for-100m-ipo/595181/
https://www.marketwatch.com/story/joann-is-going-public-5-things-to-know-about-the-arts-and-crafts-retailer-ahead-of-its-ipo-11615395200
https://www.thestreet.com/retailers/beloved-big-box-retailer-faces-potential-bankruptcy
https://investors.joann.com/news-releases/news-release-details/joann-announces-retirement-president-and-ceo-wade-miquelon
https://investors.joann.com/static-files/ad89fdab-5672-4b30-9d3f-5ce8d2131d3e
https://www.sec.gov/Archives/edgar/data/1834585/000119312521043567/d14122ds1.htm#rom14122_18
https://www.salary.com/tools/executive-compensation-calculator/wade-miquelon-salary-bonus-stock-options-for-joann-inc?year=2023
https://www.retaildive.com/news/retailers-risk-bankruptcy-consumers-tighten-wallets-2022/632828/
https://en.wikipedia.org/wiki/Wade_Miquelon
https://investors.joann.com/management/wade-miquelon
https://www.retaildive.com/news/joann-ceo-wade-miquelon-retires/649872/
https://www.beaconjournal.com/story/business/2023/05/10/joann-president-ceo-wade-miquelon-retires-fabric-craft-store-hudson-headquarters/70202903007/
https://www.cbsnews.com/chicago/news/another-dui-arrest-for-walgreen-cfo/
https://www.chicagobusiness.com/article/20110422/NEWS07/110429943/walgreen-cfo-not-guilty-of-dui
https://www.wsj.com/livecoverage/elizabeth-holmes-trial-theranos/card/evshQk4OWb7DETqHVajB
https://www.nbcbayarea.com/news/local/former-walgreens-executive-testifies-in-elizabeth-holmes-fraud-trial/2681216/
https://youtu.be/upIWdC_Kf7Y?si=lIGxDojKwQgd3rvY
https://www.gawker.com/culture/the-walgreens-guys-are-the-best-part-of-the-dropout

Shop supplies in my Etsy store 🛍️ https://sewingreport.etsy.com

SewTites Magnetic Sewing Products 🧲 get 15% off your order with coupon code SEWINGREPORT
https://www.sewtites.com/?ref=c6e1uc9g

DISCLAIMER: This video and description contains affiliate links for several different programs. As an Amazon Associate I earn from qualifying purchases.

MY SEWING MACHINES:
Brother CS7000i Computerized 70 Stitch Sewing Machine
https://amzn.to/2Uufnoc
Brother PE800 Embroidery Machine
https://amzn.to/2WrssjE
Brother PE900 Embroidery Machine
https://amzn.to/3WKKZ5H
Brother 1034D Serger - http://amzn.to/1FNpsxo
Juki DDL 8700 Industrial Straight Stitch Machine w/Servo Motor
https://amzn.to/3rruyi4
Janome MemoryCraft 7700 Sewing Machine

Expressions Vinyl - cheap HTV, adhesive, craft vinyl
https://shareasale.com/r.cfm?b=471254&u=1104060&m=46676&urllink=&afftrack=0
Purchase scrapbooking supplies from the Scrapbook.com superstore!
https://shareasale.com/r.cfm?b=33184&u=1104060&m=7429&urllink=&afftrack=
Shop Sulky Thread & Embroidery products 🧵
https://shareasale.com/r.cfm?b=820197&u=1104060&m=63058&urllink=&afftrack=

Join Jen from the Sewing Report LIVE to sew, create, chat & have fun! 🧵
Coming at you from a sewing room in Florida ☀️🌴
I wear sweatpants 99% of the time and have too many sewing machines

📱 Talk to me: @sewingreport
TikTok: https://vm.tiktok.com/9dF7K1/
Facebook: https://www.facebook.com/sewingreport
Instagram: http://instagram.com/sewingreport
Pinterest: https://www.pinterest.com/SewingReport/

Free products ≠ guaranteed coverage, companies/brands don't get editorial input on content. I don't do paid product/service reviews.
https://wp.me/P7ePxp-F (Please read my business policies before reaching out)

All content provided on Sewing Report channel/social media platforms is for informational/entertainment purposes only. The owner of Sewing Report makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.
The owner of Sewing Report will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

Loading 6 comments...