In some troubling news for fans of DIY crafts and fabric creations, Joann Fabrics has announced that it will be closing approximately 500 stores across the United States. This decision comes on the heels of the company’s second bankruptcy filing, and it is expected to impact many communities, employees, and customers alike, particularly in states like California, Florida, and Michigan.
Big Changes Ahead for Joann
Joann Fabrics, a well-known name in the crafting and fabric retail industry, is not only facing the challenge of closing stores but is struggling overall in a tough market. The move to shut down about 59% of its roughly 850 locations is focused on ‘right-sizing its store footprint,’ a strategy aimed at adjusting the number of stores to better align with current economic conditions and shopping habits.
Why the Closures?
The reason behind these closures is primarily financial. Joann filed for Chapter 11 bankruptcy in January 2025, which means they are reorganizing their business to reduce debt and ultimately keep the company running. Unfortunately, Joann has reported over $2.44 billion in debts, and like many retailers, it has been affected by difficulties in the supply chain, as well as changes in consumer spending patterns, especially as families tighten their budgets in response to inflation.
A Closer Look at the Store Closures
A detailed list of the store closures is outlined in court documents, which have indicated that locations will be closing in 49 states, with Hawaii being the only state spared from this news. California, Florida, and Michigan top the list for the most closures, but many other states will be affected as well. Going-out-of-business sales are expected to begin on February 15th, following the court’s approval of the closures on February 14th.
Who Will Be Affected?
These closures will undoubtedly have a huge impact, not just on employees who may lose their jobs but also on customers who rely on Joann for their crafting needs. Stores closing down means fewer options for shoppers looking for fabric, craft supplies, and more. The company has stated that it understands the decision has serious consequences, but they feel it is necessary to keep the company viable for the future.
How Many Stores Are Closing?
According to reports, a total of 533 stores were listed in court documents for closure. For those looking to keep track of which Joann stores will be closing, a full list will be available online and might include familiar locations in local shopping areas. This news might be especially disheartening for craft enthusiasts who love visiting their local Joann for inspiration and supplies.
What’s Next for Joann Fabrics?
For the future of Joann, the company hopes that by streamlining its operations, it will emerge from bankruptcy stronger and more focused on serving its customers. Although it seems like a rough path ahead, Joann is also continuing to open and remodel stores, showing commitment to staying in the game. Recent openings in states like Montana and Minnesota suggest that they are still looking to the future, even as they deal with the present challenges.
Stay Informed
For anyone who enjoys crafting, it’s a good idea to stay informed about the latest happenings at your local Joann store. Whether it’s through store newsletters, their website, or community bulletin boards, Joann will likely keep everyone updated on their plans. So, keep your eyes and ears open for news and sales!
