Joann Fabrics to Close 500 Stores Nationwide Amid Bankruptcy Struggles
Crafters and DIY Enthusiasts Take a Hit as Joann Announces Major Closures
The beloved crafting and sewing retailer Joann Fabrics has announced it will be closing approximately 500 stores nationwide as part of ongoing bankruptcy proceedings. This decision marks a significant shift in the retail landscape for craft lovers who have long relied on Joann for fabric, yarn, and other creative supplies.
Mass Closures Across the Country
Joann Fabrics currently operates more than 800 stores across the U.S., but with this latest round of closures, nearly two-thirds of its locations could be affected. States expected to see the heaviest impact include California, Florida, Indiana, Michigan, New York, Pennsylvania, and Washington. However, a detailed list of exact locations slated for closure has not yet been released, and a specific timeline remains unclear.
“This was a very difficult decision to make, given the major impact we know it will have on our team members, our customers, and all of the communities we serve,” a Joann spokesperson told CNN. The closures are anticipated to begin in the coming months.
Bankruptcy and Financial Challenges
The store closures come just weeks after Joann filed for Chapter 11 bankruptcy—its second filing in less than a year. Facing mounting financial challenges and shifting consumer shopping habits, Joann has struggled to maintain profitability in a competitive retail environment.
In January, the company revealed it was actively seeking a buyer as part of the bankruptcy proceedings. Potential bidders reportedly identified a list of underperforming stores that were unlikely to be included in any future business acquisition, leading to the decision to downsize operations drastically.
The Impact on Customers and Communities
For decades, Joann Fabrics has been a go-to destination for sewing enthusiasts, quilters, and DIY crafters. The loss of 500 stores means many communities will lose their primary source for fabric, craft supplies, and home decor materials. The closures could also lead to significant job losses for thousands of employees who have been part of the Joann family.
While Joann Fabrics has not disclosed whether any stores will relocate or shift to an online-only business model, customers are left wondering how they will continue to access their crafting essentials. The rise of online shopping has undoubtedly changed retail dynamics, but for many, the hands-on experience of choosing fabrics and supplies in-store remains invaluable.
What’s Next for Joann?
As Joann Fabrics undergoes bankruptcy proceedings, the future of the company remains uncertain. Will a buyer step in to salvage the brand? Will the closures stabilize the business enough to allow it to continue serving its dedicated customer base? Or will Joann Fabrics follow in the footsteps of other struggling retailers and fade into history?
One possibility is that a larger craft or retail chain may acquire Joann, keeping select locations open while restructuring the business model. Alternatively, private investors could step in to revitalize the company by shifting towards a stronger e-commerce focus, reducing reliance on physical stores. However, if financial struggles persist, deeper cuts may be necessary, potentially leading to more closures or a complete shutdown.
For now, loyal Joann Fabrics shoppers should stay informed about potential store closures in their areas and look for liquidation sales as locations begin to shut down. Those who rely on Joann Fabrics for their crafting supplies may want to explore alternative retailers, both online and in-store, to ensure they have access to essential materials. Additionally, small independent fabric stores and specialty craft shops could see an increase in demand as former Joann customers seek new options.
With no confirmed plans for the remaining stores, the crafting community will have to wait and see if Joann can stitch together a sustainable future—or if the beloved retailer will unravel completely.
