Joann Fabrics to Shut Down All Stores
After more than 80 years as a staple for fabric and craft lovers, Joann Fabrics & Crafts has announced it will shut down all of its stores nationwide following its latest Chapter 11 bankruptcy filing. The Hudson, Ohio-based retailer, which has been a go-to destination for quilters, knitters, and craft enthusiasts, confirmed that going-out-of-business sales will soon begin at all locations.
Why is Joann Closing?
Joann first filed for Chapter 11 bankruptcy protection in March 2024, securing $132 million in financing to manage its $1 billion debt. However, despite restructuring and going private, the company continued to struggle with declining consumer demand, inventory shortages, and an increasingly tough retail environment.
In January 2025, Joann filed for bankruptcy again, stating that this move would help facilitate a sale process to maximize the company’s value. Initially, Joann had planned to keep stores open, but financial realities forced a shift in strategy.
Final Sale and Store Closures
Joann originally planned to close 500 stores, more than half of its locations, but has now confirmed that all 850+ stores across 49 states will shut down.
- GA Group and Joann’s term lenders won an auction to acquire nearly all of Joann’s assets.
- Joann.com and its mobile app will remain operational during the liquidation sales.
- The company has not yet confirmed the exact closure dates for individual locations, but updates will be posted as available.
Impact on Employees and Customers
Joann CEO Michael Prendergast acknowledged the devastating impact on employees, vendors, and customers, stating that leadership “made every possible effort to pursue a more favorable outcome.”
- Employees were informed via email and a retention bonus plan is being developed to support team members working through the final sales period.
- Affected communities will lose a key resource for sewing, crafting, and DIY projects, leaving many long-time customers searching for alternatives.
What’s Next for Joann?
Pending Bankruptcy Court approval, the final closure process is set to begin soon. Going-out-of-business sales will start at all store locations, offering discounts on remaining inventory.
Customers looking for fabric, craft supplies, and sewing materials should act quickly once sales start, as stores will close permanently once inventory is depleted.
For the latest updates on Joann’s store closures and sales, check Joann.com or follow their official social media channels.
Final Thoughts
Joann’s closure marks the end of an era for a brand that has served generations of crafters and DIY enthusiasts. As the retail landscape continues to shift, customers will need to seek new sources for fabrics, yarn, and craft supplies.
