US Edition'I'm Gutted': Joann, an 80-Year-Old Crafts and Fabrics Store, Will Soon Close All 800 of Its Locations
- Joann Fabrics announced it is closing all 800 locations due to financial issues and low sales, marking the end of its 80-year operation.
- The company filed for Chapter 11 bankruptcy protection twice within a year and will begin liquidation and going-out-of-business sales at all stores.
- GA Group was chosen as a winning bidder in an auction, leading to the decision to shut down all stores across the U.S.
- Joann's leadership expressed regret and stated that every effort was made to keep the company operational, thanking its team and customers for their support over the years.
11 Articles
11 Articles
Joann Fabrics, 80-Year-Old Crafting Retailer, Going Out Of Business And Closing All Stores
Major fabrics and crafts retailer Joann Fabrics, a go-to destination for quilters, knitters, crafters, and sewing enthusiasts for more than 80 years, has announced it is going out of business and closing all stores. The announcement comes after the Hudson, Ohio-based company filed for Chapter 11 bankruptcy protection in January—its second time doing so in ...
'I'm Gutted': Joann, an 80-Year-Old Crafts and Fabrics Store, Will Soon Close All 800 of Its Locations
Joann is going out of business, a move that affects 19,000 workers. Crafters, sewists, and designers expressed their sadness and frustration with the closings on X.
Joann to Shutter All 800 US Stores Following Bankruptcy Auction; CWEB Analysts Link Collapse to ‘Retail Apocalypse’ and Post-Pandemic Economic Shifts
Joann (JOAQ), the 80-year-old fabric and crafts retail giant, will close all 800 of its U.S. stores by May 2025 after its assets were acquired by retail liquidator GA Group and term lenders during a bankruptcy auction this weekend. The announcement marks a dramatic collapse for a once-iconic brand that filed for Chapter 11 bankruptcy […]
Joann Will Shutter All of Its 800 U.S. Shops, Conduct Gross sales
Craft and materials retailer Joann, which has been in enterprise for the previous 80 years, introduced it’s closing all 800 of its stores in 49 states and going out of enterprise following a interval of monetary turmoil and low gross sales. The corporate has 19,000 employees, 15,600 of whom are part-time. Joann filed for chapter in March 2024, going from a publicly traded firm to a personal one whereas reporting between $1 billion and $10 billio…
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