Joann Fabrics Stores Closing
Joann Fabrics, a well-known retail chain for crafting and sewing supplies, has announced the closure of 500 out of its 800 stores across the United States. The decision comes as the company faces severe financial challenges, leading to its second Chapter 11 bankruptcy filing in a year.
Background and Financial Struggles
Joann Fabrics was founded in 1943 in Cleveland, Ohio, and became a favorite destination for craft lovers. However, in recent years, the company has struggled due to declining consumer spending, increased competition from online retailers and big-box stores, and supply chain issues.
In March 2024, Joann filed for Chapter 11 bankruptcy, restructuring its business and moving to private ownership in April 2024. However, ongoing financial difficulties led to another bankruptcy filing in January 2025. (Source)
Scope of Store Closures
Joann plans to close stores in nearly every state except Hawaii, with the most significant shutdowns happening in:
California – Around 60 stores, including a dozen in the Bay Area
Florida, Pennsylvania, Ohio, and Michigan – High numbers of closures expected
These closures will impact communities that have long relied on Joann Fabrics for specialty materials and supplies. (Source)
Customer Reactions and Market Impact
Many loyal customers are disappointed by the news, as Joann Fabrics has been a staple for sewing and craft enthusiasts for decades. Some fear that alternative stores like Walmart or Hobby Lobby may not offer the same variety or quality of products.
On social media, shoppers have voiced concerns about rising prices for craft supplies and the difficulty of finding fabric stores in their local areas. (Source)
What’s Next for Joann Fabrics?
As part of its restructuring, Joann is looking for a buyer. Gordon Brothers Retail Partners has submitted a bid, which the company sees as its best option to continue operations.
Interim CEO Michael Prendergast stated that "right-sizing our store footprint is a critical part of our efforts to ensure the best path forward." While some locations will remain open, Joann’s presence in many communities will shrink significantly. (Source)
Conclusion
The closure of 500 Joann Fabrics stores marks a major shift in the crafting and sewing retail landscape. While some locations will continue to operate, many customers will have to find alternatives for their crafting needs. The future of Joann now depends on its restructuring process and potential sale.