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Michaels moves to capture market share after Party City and Joann bankruptcies

One opportunity: Michaels is seizing on Party City’s bankruptcy to expand its market share.

  • Balloon searches on Michaels.com have jumped 155% since January, prompting the crafts retailer to launch over 300 new balloon options—including more licensed and animated designs—and introduce grab-and-go bouquets.
  • It’s also ramping up in-store events like birthday parties and crafting activities for kids and adults, building on its party services launch last year.

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