Hudson, Ohio

Jo-Ann Fabric and Craft Stores said it will increase its workforce by more than 15 percent for the holiday season. Tom Williams, senior vice president of human resources for Jo-Ann, announced the company has begun the seasonal recruiting process and will hire more than 3,000 additional employees before the holidays. The company attributes the seasonal hiring to anticipation of increased traffic in stores through the holiday season.

Jo-Ann Stores Inc. has agreed to be acquired by an affiliate of Los Angeles-based Leonard Green & Partners LP for $61 per share in cash, a transaction valued at $1.6 billion, to accelerate the fabric retailer's expansion, according to

Hudson, Ohio-based Jo-Ann Fabric and Craft Stores announced new product offerings and changes to its store layout, according to Jewelry aisles will increase from 88 ft. to 120 ft.

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