Joann craft stores to close all remaining outlets after Chapter 11 bankruptcy

Joann Craft Stores to Close All Remaining Locations Nationwide After Chapter 11 Bankruptcy

Joann Fabrics and Crafts, a prominent name in the American craft and fabric retail sector, is closing all of its remaining stores after over 80 years in business. The company’s decision to shutter more than 440 outlets follows the filing of Chapter 11 bankruptcy earlier this year. All locations are expected to be closed by May 31, 2024, marking the end of an era for crafters and hobbyists across the United States.

Over 440 Joann Stores to Close by End of May

Joann, often known as Joann Fabrics and Crafts, has been a go-to resource for sewing, quilting, knitting, and crafting supplies since its founding in 1943. However, as reported by multiple outlets including UPI, Fast Company, Bergen Record, NPR, and The News Journal, the company’s bankruptcy and restructuring plan include the closure of all remaining stores. This shutdown will impact communities nationwide, including all locations in states such as New Jersey and Delaware.

Declining Sales and the Search for a Buyer

Joann’s financial struggles reflect broader challenges faced by the retail industry, including competition from online retailers and changes in consumer behavior. According to NPR, Joann is looking for a buyer while proceeding with the closures, having previously announced plans to close 60% of its stores during restructuring. However, the most recent updates confirm that all stores will close by the end of May.

Full List of Store Closures

Customers seeking more information can find the full list of closing locations on Joann’s official website and news sources such as Fast Company and The News Journal. These lists specify which outlets in various states, including Delaware and New Jersey, will shutter their doors in the coming weeks.

Impact for Customers and Communities

The closure of all Joann locations will affect not only employees but also local communities and loyal customers who have relied on the retailer for fabrics, craft supplies, classes, and workshops. With more than 440 stores shutting down, a significant presence in shopping centers and strip malls will be lost, creating gaps in local economies and retail offerings.

Joann’s bankruptcy and store closures continue a trend seen in the retail sector, with other craft and fabric chains also scaling back their brick-and-mortar presence in recent years. The shutdown also leaves few national chain alternatives for customers seeking in-person craft supplies.

Next Steps and Liquidation Sales

As part of the closure process, Joann stores are widely expected to hold liquidation sales, allowing customers to purchase remaining inventory at discounted prices before stores close permanently. Customers are encouraged to check local stores or the Joann website for updates on sale dates and store hours as closure dates approach.

End of an Era

Joann’s decision to close all remaining stores signifies the end of a business that has served American crafters for more than 80 years. Customers, employees, and crafting communities now face the task of adapting to the absence of one of the largest fabric and craft supply chains in the nation.

For those seeking information about specific store closures and the latest updates on Joann’s bankruptcy proceedings, more information can be found on national news outlets and the company’s website. As May 31 approaches, shoppers are urged to visit their local Joann store for final purchases before the doors close for good.