After more than eight decades of serving craft lovers and DIY enthusiasts, Joann Fabrics is officially closing all its remaining stores. The retail giant, known for its vast selection of fabrics, sewing supplies, and craft essentials, has announced a full shutdown following its second Chapter 11 bankruptcy filing within a year.
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The Rise and Fall of Joann Fabrics
Founded in 1943 in Cleveland, Ohio, Joann Fabrics started as a small storefront operated by German immigrants. Over the years, it expanded into a national chain, boasting around 800 locations across 49 states. The retailer became a go-to destination for hobbyists, designers, and small business owners, offering an unmatched variety of fabrics and crafting supplies.
However, despite its deep-rooted legacy, Joann Fabrics struggled to keep up with the evolving retail landscape. The rise of e-commerce, supply chain disruptions, and increasing competition from online marketplaces and big-box retailers put immense financial strain on the company.
Why Is Joann Closing All Stores?
Joann first filed for Chapter 11 bankruptcy in March 2024 to restructure its debt, which had surpassed $500 million. Though the company managed to exit bankruptcy and continue operations, sales continued to plummet. Faced with ongoing losses, rising operational costs, and an inability to secure a viable buyer, Joann filed for bankruptcy again in January 2025.
With no sustainable recovery plan in place, the company decided to liquidate its assets and shut down all 831 stores nationwide. Court approval for the sale of its remaining assets is set for February 26, 2025.
Impact on Employees and Customers
Joann’s closure has sent shockwaves across the crafting community. Thousands of employees will be left jobless, while local artisans and small businesses that relied on Joann for materials will need to seek alternative suppliers. A survey found that nearly 80% of Joann’s loyal shoppers were disappointed by the closure, with many now turning to competitors such as Michael’s, Hobby Lobby, and online platforms like Amazon and Etsy.
Broader Retail Industry Trends
Joann Fabrics’ downfall is part of a larger trend affecting brick-and-mortar retailers. As online shopping continues to dominate, traditional stores are finding it harder to sustain operations. In 2024 alone, several major retailers, including Party City and Big Lots, announced mass store closures or filed for bankruptcy.
What Happens Next?
As Joann Fabrics phases out its operations, liquidation sales are already underway in all stores. Customers looking for discounted crafting supplies can take advantage of these sales before stores officially close their doors.
The Joann website and mobile app will remain operational for a limited time to facilitate final purchases and clearance sales.
Conclusion: A Farewell to a Crafting Icon
The closure of Joann Fabrics marks the end of an era for crafters and DIY enthusiasts. For generations, Joann was more than just a store—it was a community hub where creativity thrived. While alternative retailers exist, Joann’s absence will leave a lasting void in the crafting industry.
As the retail world continues to evolve, this serves as a stark reminder that even long-standing brands must adapt to changing consumer behaviors to survive. The loss of Joann Fabrics is a significant moment in retail history, reflecting the challenges that traditional stores face in the digital age.
FAQs: Addressing Common Questions
Is Joann closing all stores?
Yes, Joann Fabrics is closing all 831 stores nationwide following its second bankruptcy filing.
Are all Joann stores closing?
Yes, all Joann locations are shutting down, with liquidation sales happening now.
Why is Joann going out of business?
The company faced declining sales, rising operational costs, increased competition, and failed restructuring efforts, leading to a full shutdown.
Where can customers shop for fabric and craft supplies now?
Alternatives include Michael’s, Hobby Lobby, Walmart, Target, and online platforms like Amazon and Etsy.
Will Joann’s website still be available?
The website and mobile app will remain functional for a limited time during the liquidation process.