I spoke to some crafters this morning after your comment and they strongly disagreed. They said that crafters that use fabric like cosplayers, quilters, sewers, and knitters use in-person retail for crafting supplies because ordering online is a gamble on quality and feel and online retailers don’t do returns because fabric is cut to order.
Their “business model” seemed so shitty because it was after they were obtained by private equity who loaded up the business with debt and stripped them down to bare bones to look better on paper and do an IPO (2021).
This is textbook private equity vulture capitalism. They even gave the CEO a half million dollar bonus the day before they filed for bankruptcy 😂
Another bankruptcy driven by private equity.
They’re publicly traded but still have a high stock ownership by private equity. Arby’s is directly owned by private equity.