Joann Inc. Announces Closure of All Stores Amid Bankruptcy
February 25, 2025 - 02:38
Fabric and crafts retailer Joann Inc., a beloved destination for quilters, knitters, and craft enthusiasts for nearly 80 years, is set to close all of its stores. This significant announcement follows the company's recent filing for Chapter 11 bankruptcy protection in January, marking its second bankruptcy filing within a year. Initially, Joann had expressed intentions to maintain its store operations despite the financial challenges it faced.
The decision to cease operations comes as a disappointment to many loyal customers who have relied on Joann for their crafting needs, from fabrics to supplies and inspiration. The retailer has played a vital role in the crafting community, fostering creativity and providing resources for various projects over the decades. As the company prepares to wind down its operations, it signals a poignant moment for both its employees and the countless individuals who have found joy and fulfillment through their crafting endeavors.
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