"It still needs to find a way to compete with the rise of rivals like Hobby Lobby, the push of generalists into the crafting space, and, most importantly, the rapid expansion of online specialists. Primary Phone: (412) 653-7521 Phone: (412) 653-8634 Fax: (412) 653-8634 Services/Products Picture Frames Payment method all major credit cards Neighborhood Pleasant Hills AKA. "Looking at the wider business, while this move will help Michaels' bottom line in the long run, it does not solve all of the issues the company has, he said. Its 2.7% net sales increase in the period was bolstered by a 3.8% store comp increase (4.3% on a constant currency basis and 1.1% on a shifted-calendar basis), but operating income fell to $137.2 million from $153.9 million a year ago, due to lower gross profit and higher selling, and general and administrative expenses, the company said.Įxecutives have maintained that hobby spending is relatively low despite the economy, but Saunders disputes that. Search for other Craft Supplies in Canton on The Real Yellow Pages. In its most recent quarter, Michaels moved the needle year over year, but isn't faring as well as rivals and doesn't seem to be benefiting much from either the strong economy or the demise of Toys R Us. Get reviews, hours, directions, coupons and more for Pat Catan's at 4321 Whipple Ave NW, Canton, OH 44718. "However, it will need to work hard to keep Pat Catan's customers on board as many of them are loyal to what they see as a local brand," Saunders also said. Some will live on as Michael's stores, which will allow the arts-and-crafts retailer to operate in areas it isn't in now. Search for other Craft Supplies in Monroeville on The Real Yellow Pages. The Pat Catan's stores don't really add much to Michael's business and there are issues in building economies of scale and, in some cases, cannibalization of Michaels stores." Get reviews, hours, directions, coupons and more for Pat Catan's at 5070 William Penn Hwy, Monroeville, PA 15146. back in 2016 was more about the wholesale division, Lamrite West, than the Pat Catan's shops. "I think there is a degree of inevitability about the closures," Saunders told Retail Dive in an email. We are committed to providing opportunities for all impacted team members and are working closely with our staff and the local communities to help manage through this transition.”Īccording to Chuck Rubin, Chairman and CEO of The Michaels Companies, “we intend to provide employment opportunities or transition support for all Team Members” during the closing process.It was only a matter of time before Pat Catan's would close once Michael's took it over almost three years ago, at least according to GlobalData Retail Managing Director Neil Saunders. The grand opening weekend will feature special. Above all, we strive to provide unbeatable customer service. We are dedicated to offering our customers the largest craft selection at the lowest prices. We will continue to maintain a Support Center in Strongsville to support our growing Darice wholesale business as well as the Strongsville DC to support The Michaels Companies. Pat Catans offers a huge selection of craft, hobby, floral and art supplies at low, low prices, said Darice. Pat Catans is a family owned craft store commited to achievment in the craft industry.
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We intend to rebrand and reopen up to 12 as new Michaels locations later this year, and we are actively exploring ways we can honor the Pat Catan’s brand in The Michaels Companies.
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“After a comprehensive review, we have made the difficult decision to close the Pat Catan’s retail stores. Michaels acquired Strongsville-based Lamrite West, Inc., the parent company of Pat Catan’s craft stores, back in 2016. Pat Catan’s is a retail supplier of arts and crafts in Ohio, Pennsylvania, Michigan and West Virginia.Īccording to a press release, Michael’s intends to rebrand and reopen 12 of the 36 closing Pat Catan’s stores under the Michaels banner. OHIO - All Pat Catan’s stores in Ohio and surrounding states are set to close, according to The Michaels Companies, Inc. Please look at the time stamp on the story to see when it was last updated. This is an archived article and the information in the article may be outdated. As you may know, Pat Catans, Ohios beloved arts and crafts store will be closing.