Joann Fabrics, a well-known name for fabric and craft supplies, is gearing up for some major changes as it has announced that approximately 500 of its stores across the United States will be closing. This decision comes as part of a second bankruptcy filing that the company made in early 2025, signaling a tough time for this beloved crafting retailer. With going-out-of-business sales starting soon, many fans of the Joann brand are concerned about the impact of these closures in their communities.

Understanding Joann’s Bankruptcy Filing

In January 2025, Joann filed for Chapter 11 bankruptcy for the second time, which has been a difficult but necessary step for the company as it faces ongoing financial challenges. Like many businesses, Joann has struggled with industry shifts and economic pressures that have affected consumer shopping habits. As customers spend less on non-essential items, companies like Joann are forced to rethink their strategies and how they operate.

Reasons Behind the Closures

Joann stated that its decision to close numerous stores is part of a plan to “right-size its store footprint.” The goal is to streamline operations and focus on the locations that perform best.
According to court documents, a total of 533 stores have been earmarked for closure, with 500 of them likely closing during this reorganization phase. It’s a very tough call for the company, but they believe this is the best way to ensure a stronger future.

Where Are the Closures Happening?

The closures will affect stores in 49 states, with only Hawaii being spared. California, Florida, Michigan, Ohio, and Pennsylvania are expected to see the most significant number of shut-down stores. In Texas alone, Joann plans to close 18 out of 43 stores. This extensive list showcases how widespread the changes will be across the country.

Going-Out-of-Business Sales on the Way

For those who love crafting, there’s a little silver lining to this tough news. Starting February 15th, stores slated for closure will start their going-out-of-business sales, giving craft lovers a final chance to grab supplies at discounted prices. Many local communities are concerned about the impact this will have on their local Joanns, as the store is a go-to place for projects involving everything from sewing to scrapbooking.

The Future for Joann

While the future looks challenging, Joann is not giving up. Following its previous bankruptcy filing in March 2024, the company has emerged as a privately held business. This restructuring can create new opportunities, and the preliminary steps seem aimed at repositioning Joann to be more stable. As customers, employees, and crafters hold their breath, the hope is that the changes will lead to a more viable and accessible company in the long run.

Community Reactions

• Many community members are expressing their sadness about losing a local store that has been part of their lives for years.
• Customers are discussing how important Joann stores have been for their crafting adventures and social gatherings.
• Local businesses are also worried about how these closures will affect their livelihoods, as crafting often brings people together.

Looking Back: Joann’s Journey

Joann has been a staple in the crafting community for decades, offering a wide selection of fabrics, tools, and classes that encourage creativity. However, like many businesses, they faced a tough road with the rising costs and changing shopping habits. As a company that once boasted over 800 stores, the reality now is much different as they focus on fewer, more profitable locations. Joann hopes to weather this storm and come out stronger.

How to Stay Informed

For those eager to keep track of which locations will close, Joann has committed to providing updates, including a full list of store closures. Customers can stay connected through their website and social media for the latest information on sales and store status. As these changes take shape, every crafting enthusiast can make the most of their local Joann before it’s time to say goodbye.