Michaels to Close Darice By the End of November

Michaels will be closing Darice, its wholesale division, by November 30, 2020. Michaels acquired Darice as part of the Lamrite West acquisition in 2016 along with Pat Catan stores.

NBCUniversal to Close Bluprint

NBCUniversal announced today that it is closing down Bluprint, the video-on-demand platform formerly known as Craftsy.

Rowan and Patons Sold to DMC

Rowan and Patons yarn brands have been sold to legacy embroidery floss company DMC allowing the company to expand its presence in Europe.

TNNA to Suspend Operations April 30

TNNA announced that the organization will suspend operations as of April 30, 2020, due to declining membership, low attendance at shows, and the cancellation of the Summer Show due to COVID-19.

Yarn Industry News Update: April 2020

Once per quarter Stacey Trock rounds up news from the yarn industry and in the spring of 2020 most of the news revolves around COVID-19 cancellations as well as the ingenuity and innovation the crisis has inspired in yarn-based businesses.

Etsy Asks Sellers to Make Face Masks

Etsy sent an email to sellers this morning encouraging them to make face masks to sell on the site to fulfill the demand to fight COVID-19.

Big Changes to Etsy’s Ads Program After a Blockbuster Year

The fact that Etsy surpassed its financial goals in 2019 should have been the biggest news coming from the company’s fourth-quarter earnings call last week, but the changes it’s making to offsite advertising have stolen the spotlight.

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