Money

Joann Fabrics Announces Nationwide Stores Closing Amid Bankruptcy


In a major blow to crafters and DIY enthusiasts, Joann Fabrics and Crafts has announced the closure of all its stores nationwide following its Chapter 11 bankruptcy filing.

The retail chain, which has been a staple for fabric, sewing supplies, and home decor for over 80 years, will shut down operations as part of its restructuring process.

The news of Joann’s stores closing has left many customers scrambling to use their remaining gift cards, as the company has set a deadline of February 28, 2025, for their redemption.

After this date, all gift cards and store credits will no longer be honored. Online services, including Joann’s website and mobile app, have also ceased accepting gift cards as the company winds down operations.

Reports indicate that Joann’s financial struggles stemmed from declining foot traffic, increased competition from e-commerce platforms, and rising operational costs. While the retailer attempted to boost sales through promotions and discounts, it ultimately could not sustain profitability.

The closure of Joann Fabrics’ approximately 800 stores marks the end of an era for the crafting community.

Many longtime customers have expressed disappointment, calling the loss of Joann a significant setback for hobbyists and small business owners who relied on its extensive selection of materials.

As liquidation sales begin, Joann shoppers are advised to check their local store for final deals before doors shut permanently.

The company has yet to announce an official final closure date, but sources suggest it will be completed by mid-2025.

Also Read

theafricalogistics

Recent Posts

Inside the Cult of Trader Joe’s: Why Discontinued Items Create More Buzz Than New Releases

Trader Joe’s, the quirky grocery chain with no loyalty program, minimal advertising, and its own…

2 days ago

Why Chick-fil-A Keeps Winning on Customer Satisfaction

For 11 consecutive years, Chick-fil-A has ranked as the top quick-service restaurant in the American…

2 days ago

Mercedes-Benz Temporarily Suspends Operations at East London Plant

Mercedes-Benz South Africa (MBSA) has temporarily halted production at its East London manufacturing plant as…

3 days ago

New Security Procedures at OR Tambo: Why You Should Arrive Earlier Than Ever

Passengers travelling through OR Tambo International Airport are being urged to arrive significantly earlier than…

5 days ago

Werner Enterprises Triumphs in Landmark Legal Battle as Texas Supreme Court Dismisses $90M Verdict

In a groundbreaking ruling delivered on June 27, 2025, the Texas Supreme Court reversed a…

7 days ago

McDonald’s and Krispy Kreme Call It Quits: Doughnut Deal Ends Amid Mounting Costs

In a surprise development that’s caught the attention of food lovers and industry watchers alike,…

2 weeks ago