JOANN Fabric Stores has for decades been the cornerstone for many crafters out there. Offering a vast array of fabrics, sewing supplies, and all sorts of other crafting materials. Recent times have however seen the company under financial turmoil, leading to a grim announcement. All 800 JOANN Fabric stores across the U.S. will soon close their doors.
The company filed for bankruptcy in March of 2024 and tried to secure a buyer, but this failed, leading to them being forced to wind down their operations entirely. For now, here’s what we know about the store closures and what that means for their customers.
The Bankruptcy Filing and Initial Closures
JOANN Fabric first made its financial difficulties public in early 2024 when filing for bankruptcy. Back then, their aim was to close down 500 stores in an effort to financially stabilize the business. These efforts however proved to be insufficient as they never managed to secure a buyer who was willing to take over those stores and their operations. This left them with no other option than to announce to closure of all their remaining locations.
Official Statement from JOANN
The company expressed its regret to cease operation in a heartfelt statement. JOANN Fabric Stores stated: “JOANN leadership, our Board, advisors, and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business. We are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact on all our stakeholders. We deeply appreciate our dedicated Team Members, our customers, and communities across the nation for their unwavering support for more than 80 years.”
What Shoppers Need to Know About the Closures
The closure of 800 stores is a monumental task not for the faint-hearted. JOANN has offered an extensive FAQ for their customers on their website as to how this would work. One frequently asked question is the timeline for these closures and going-out-of-business sales. Based on their feedback, these sales are already underway at many locations and will steadily expand to all their stores soon.
“Subject to court approval of the sale transaction, we expect to begin, or in some cases continue, going-out-of-business sales at all locations immediately,” the company explained. JOANN has suggested that customers check their app or website for up-to-date specifics if unsure.
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The Future of Online Sales
For now, JOANN Fabric Stores’ online store remains operational, while its physical locations are being wound down. Though unclear when online purchases will cease to exist, customers can still make online purchases for now. Shoppers may want to stock up on their necessary supplies and should probably make a move to secure availability before their favorites are gone.
Key Deadlines for Gift Cards and Returns
JOANN has set clear policies in place regarding returns and gift cards amid the closures. All gift cards expired on February 28, 2025, and are no longer valid. The company will additionally no longer accept any returns. This could pose a problem for many if they may have purchased something unsuitable.
The End of an Era for Crafters
The closure of JOANN Fabric Stores marks the end of an era for crafting enthusiasts across the nation. In operation for over 80 years, JOANN has steadily become a trusted brand for quilters, DIY enthusiasts, and generally creative folk alike. The closure of their stores will certainly leave a void in the crafter community.
Not only will customers feel the knock, but so will so many local economies who benefit from JOANN’s presence. The number of staff who will feel the hit the most is of tremendous concern alike, with many soon to be without a job. Though the end of JOANN’s story is bittersweet, its legacy as a beloved destination for creativity and community will not be forgotten.
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