News Summary
Joann, the beloved fabric and craft retail chain, is closing all its stores across the United States following multiple bankruptcy filings. The closures affect nearly every state, with significant impacts in California, Florida, and Michigan. As part of the closure process, going-out-of-business sales featuring heavy discounts are underway. Customers can visit the company’s restructuring website for updates. This decision has a substantial impact on the crafting community, leaving many searching for new resources for their DIY projects.
Joann Stores Set to Close Nationwide: All You Need to Know!
If you’re in the crafting community, grab your scissors and fabric stash because we have some tough news to share. Joann, the beloved fabric and craft retail chain known for its endless selection of materials and creative products, is officially closing all its stores across the United States. Yes, you heard that right! This decision follows a bumpy road, with the company having filed for Chapter 11 bankruptcy not once, but twice in just a few months.
What’s Happening?
The craftsmanship crisis began earlier this year when Joann filed for bankruptcy in January 2024. This was not the first time the company found itself in financial distress; it had previously gone private after another bankruptcy filing in March 2024. In a move many saw coming, Joann recently auctioned off its assets to a new ownership group called GA Group. Unfortunately, this also meant announcing the closure of all store locations following a spate of going-out-of-business sales.
Affecting Stores Nationwide
For those living in Massachusetts, it’s a particularly tough moment as more than a dozen stores are set to be shuttered. Initially, the Milford location was rumored to remain open, but that’s no longer the case—every single Joann store is closing, marking the end of an era for many crafters.
It doesn’t stop there: this closure wave impacts all but one state, with Hawaii being the odd one out. Key states hit the hardest include California, which will see the sad closure of 61 Joann locations, followed closely by Florida with 36 closures, and Michigan, Ohio, and Pennsylvania each losing 33 stores. Even as far as New York, Washington, Indiana, and Massachusetts are experiencing losses with 24, 21, 20, and 21 closures respectively.
Sales and Discounts Galore!
For those wanting to cash in on this unfortunate situation, it’s time to take advantage of going-out-of-business sales that began on February 15. Discounts are already rolling in at the confirmed closing stores, with markdowns ranging from 10-20%. But hold on to your wallets, crafters—some holiday items are marked down as much as 75%! Now is the perfect chance to stock up on all your crafting essentials at a fraction of the price.
Where to Find More Information?
If you’re looking for more details about these closures, Joann has created a restructuring website to keep customers updated on the latest information. You can check out joannrestructuring.com for the latest updates and potential store closure timelines.
Impacts on the Community
The decision to close all storefronts wasn’t taken lightly. It has a significant ripple effect, impacting not just the employees and their families, but also the vast crafting community that Joann has built over the years. Many people relied on these stores for their projects, DIY endeavors, and a whole lot of creativity. Losing such a vital part of the community will surely leave a gap in the crafting landscape.
What’s Next?
As the closure process unfolds, it’s predicted that this will take several months, even though there is no specific timeline provided. The culture of crafting and DIY projects won’t disappear overnight, but with the loss of Joann stores, crafters may need to seek new sources for materials and inspiration. But fear not! Many local shops and independent craft suppliers may just step up to fill the gap left behind.
So, as the final curtain falls on Joann’s storied journey, let’s celebrate the memories made within those walls and look forward to what the future holds for crafters everywhere. While this chapter may be closing, the spirit of creativity lives on!
Deeper Dive: News & Info About This Topic
- Telegram: Joann Stores Closing in MA
- USA Today: Joann Fabric Store Closings
- Providence Journal: Joann Going Out of Business Sales
- Wikipedia: Joann Stores
- Google Search: Joann Stores closures
