I don't think so. The best stuff they sell is Lion Brand yarns. I don't think Lion has a merino yet. They have a lot of various red heart stuff...caron...LOTS of fun fur....etc.
This week they have their Sugar & Cream, Coats Super Saver, Yarn Bee, and Lion Homespun on sale (you can see that on their website) They also have all of their needlework totes on sale.
(As well as the 40% off coupon that they have pretty regularly that is only available on the website.)