Jo-Ann Stores

Can Marimekko's Colorful Prints Conquer America?

Marimekko is an unusual retail concept. It's not built around a product-type such as apparel or housewares, but a common material -- colorfully printed fabric -- for which it and its customers dream up a range of uses. Jackie Kennedy loved Marimekko; can it make a U.S. comeback in our time?

Jo-Ann Stores to Be Purchased for $1.6 Billion

News that Jo-Ann Stores has agreed to be acquired by an affiliate of private-equity firm Leonard Green & Partners for about $1.6 billion has sent shares of the craft retailer soaring 33% in premarket trading.