Joann, the renowned fabric and crafts retailer, has announced plans to shutter approximately 500 of its 800 stores across 49 states, marking a significant contraction in its national presence. This decision comes on the heels of the company’s second Chapter 11 bankruptcy filing within a year, underscoring the challenges it faces in the evolving retail landscape.
Background and Bankruptcy Proceedings
Founded in 1943 in Cleveland, Ohio, Joann has been a staple in the crafting community for over eight decades. The company first filed for Chapter 11 bankruptcy protection in March 2024, citing declining sales and mounting debt. After restructuring, Joann emerged as a privately held entity, aiming to revitalize its operations. However, persistent challenges, including inventory pressures and shifting consumer habits, have led to further financial difficulties.
Impact on Stores and Employees
The closures will significantly impact both employees and customers. Joann employs thousands across the country, many of whom now face uncertainty regarding their jobs. The company has acknowledged the difficulty of this decision, stating that the move is necessary to “right-size” its store footprint and ensure the long-term viability of the brand.
For customers, the shutdown of hundreds of locations means fewer options for in-person shopping. Joann has long been a go-to destination for fabric, sewing supplies, and home décor materials. While some remaining stores will continue operations, and online sales will persist, crafters may need to seek alternative retailers for their supplies.
States Most Affected
Court documents reveal that the closures will be widespread, affecting nearly every state except Hawaii. The states with the highest number of store closures include:
- California – 61 stores
- Florida – 36 stores
- Michigan, Ohio, Pennsylvania – 33 stores each
- Illinois – 26 stores
- New York – 24 stores
- Washington – 21 stores
- Indiana – 20 stores
- Massachusetts – 19 stores
Joann has not yet publicly released a full list of closures, but affected locations have been submitted to the court as part of the bankruptcy proceedings.
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Future of Joann
Despite the closures, Joann has stated that it remains committed to serving customers through its remaining stores and online platform. The company is working through the bankruptcy process with the goal of emerging stronger and more financially stable.
For now, crafters who rely on Joann for their projects may want to stock up on supplies while their local stores are still in operation.
