A Legacy in Crafting Comes to an End
Joann Fabrics, the beloved retail chain that has been a staple for crafters and DIY enthusiasts for over 80 years, is officially shutting down all its stores. Once a go-to destination for sewing, quilting, and home décor supplies, Joann’s financial struggles have finally led to a complete liquidation of its remaining stores.
Why Is Joann Fabrics Closing?
The closure of Joann Fabrics comes as a result of mounting financial challenges, declining foot traffic, and competition from online retailers. The company, which filed for Chapter 11 bankruptcy in early 2024, struggled to restructure its debts amid rising operational costs. A second bankruptcy filing in January 2025 sealed its fate, forcing the retailer to close all 831 locations across the United States.
Key reasons for Joann’s downfall include:
- Declining Sales: Shoppers have increasingly turned to online alternatives like Amazon and Etsy for craft supplies.
- Debt and Financial Burden: Joann accumulated over $500 million in debt, making it difficult to sustain operations.
- Competition from Big-Box Stores: Retail giants like Walmart, Michael’s, and Hobby Lobby offered similar products at competitive prices.
- Supply Chain Disruptions: COVID-19 and post-pandemic economic challenges further impacted inventory and profitability.
Are All Joann Stores Closing?
Yes, all Joann Fabrics locations are set to close. The company failed to secure a buyer who could maintain operations, leading to the decision to liquidate all assets. Going-out-of-business sales are already underway, with discounts available in stores and online.
Impact on Employees and Customers
The closure of Joann Fabrics is a major blow to its workforce and loyal customers. The company employs thousands of workers nationwide, many of whom now face unemployment.
For the crafting community, Joann’s shutdown means the loss of a physical space where creativity flourished. According to a recent survey:
- 80% of Joann shoppers expressed disappointment about the closure.
- Many customers plan to switch to Michael’s, Hobby Lobby, and Walmart for fabric and craft supplies.
The Broader Retail Landscape
Joann’s downfall highlights a larger trend in the retail industry, where traditional stores struggle against e-commerce giants. Other retailers like Party City, Bed Bath & Beyond, and Big Lots have also announced store closures or bankruptcy filings in recent months.
What’s Next?
Joann’s final chapter is set to close after a court hearing on February 26, 2025, where the sale of its assets will be finalized. In the meantime, shoppers can still take advantage of liquidation sales before stores officially shut their doors.
While Joann Fabrics will soon be a part of retail history, its impact on the crafting community will not be forgotten. As the industry evolves, crafters and DIY enthusiasts will continue to find new ways to fuel their creativity, even as one of their most trusted brands fades away.