Joann Fabrics, a popular name in crafting and fabrics, has announced that it will be closing around 500 stores across the United States. This decision comes as the company is going through a Chapter 11 bankruptcy process. If you’ve enjoyed creating your crafts using materials from Joann, this news might come as a surprise. Many people love visiting these stores to find everything from fabric for sewing to supplies for their latest DIY projects.
What’s Happening with Joann Stores?
Joann Fabrics is struggling financially, which is why they’re making such a tough decision. They filed for Chapter 11 bankruptcy protection back in January 2025, marking the second time in less than a year that they’ve had to take this step. The company stated that they are facing inventory shortages and a drop in spending from customers. This means that people aren’t buying as much as they used to, which can be very concerning for any business.
How Many Stores Are Closing?
Of the estimated 500 stores set to close, several locations are scattered across the country, including 18 stores in Texas alone. Joann has a significant presence, operating in 49 states and employing around 19,000 people. This step signifies the company’s effort to adjust its operations in line with the current economic climate.
When Will the Closures Start?
The closures won’t happen all at once. Joann has planned a court hearing for February 14, 2025, where they will seek approval to proceed with these store closures. If all goes as planned, going-out-of-business sales are set to begin the very next day, on February 15, 2025. Shoppers should expect discounts and sales promotions at the locations that will be closing.
Are All Joann Fabrics Stores Closing?
No, not all Joann stores are closing. While 500 stores across the country are slated for closure, many locations will remain open. The company is working to “right-size” its store footprint. This basically means they are trying to keep the stores that do the best in sales while letting go of those that are not performing well. It’s a tough choice, but sometimes businesses have to adapt to survive.
What Will Happen to the Stores in Texas?
In Texas, out of the 43 Joann stores, 18 will be closing their doors. For those stores that will remain open, the community will still have access to craft supplies and more, but it’s a shame to see so many friends and families lose their local Joann store. The hope is that the stores that will stay open can provide the same service and products that customers have loved.
The Backstory: Why is This Happening?
Joann’s troubles began last year when they first filed for bankruptcy due to significant debt—over $2.44 billion! A combination of problems in the craft and fabric industries, including supply chain issues and changes in how people shop, contributed to their current situation. In recent times, many customers have been choosing to shop online rather than visiting brick-and-mortar stores. This shift has affected sales across many other retail businesses as well.
What’s Next for Joann Fabrics?
As they navigate these rough waters, the company aims to maximize what business value they can keep during this court-supervised sale process. They hope that by adjusting their store count and focusing on key locations, they can come out stronger on the other side. For everyone who loves crafting and creating, it’s important to stay updated on these changes so you can still find your favorite supplies!
Table of Joann Store Closures
| State | Number of Stores Closing |
|---|---|
| Texas | 18 |
| Florida | 30 |
| California | 40 |
| New York | 25 |
| Ohio | 30 |
