Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life (2024)

Jo-Ann Fabrics, now formally known as JOANN, is a crafter's heaven. The popular retail chain carries everything from sewing patterns and beads to yarn and thread, making it a one-stop shopping destination whenever you start a new project. But if you regularly rely on your local store for supplies, you might be dismayed to learn that JOANN will soon be closing some locations soon. Read on to find out which stores will be shutting down, starting Jan. 22.

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Different arts and craft stores have shut down in recent months.

Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life (1)

JOANN isn't the only crafty chain shuttering locations, as the beloved Texas-based retailer Asel Art Supplyrecently announced on Facebook that it is going out of business and closing all stores by Dec. 31. The bright side? Customers can save at an ongoing closing sale at all six brick-and-mortar stores before they're gone for good, with prices currently slashed up to 50 percent.

Even merchants without physical stores have faced difficulties, as Fabric.com, an online retailer, posted an alert that they will "no longer sell products." The warning was published on the store's website, confirming that the fabric retailer officially shut down on Oct. 20, after being in business for almost 30 years. According to the Associated Press (AP), the decision came down from Amazon—which acquired Fabric.com in 2008—in order to cut costs.

Thankfully, JOANN is still in business, even though certain stores are on the chopping block.

Customers in West Virginia will lose a location.

Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life (2)

A JOANN store in Bridgeport, West Virginia will see its final day on Jan. 22, 2023, CBS-affiliate WDTV reported. The store is located in Meadowbrook Mall, which is currently undergoing renovations to make room for a new tenant, per a Nov. 15 article posted by the Cafaro Company, the mall's owner.

A total of 11 units are being demolished at the mall, and they "are scattered from one end to the other," Bridgeport Community Development Director Andrea Kerr said. This included the "soon-to-be-leaving" JOANN store, which has been in business at Meadowbrook mall for more than 30 years.

The retailer is having a sale leading up to the closure.

Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life (3)

Per WDTV, JOANN officials confirmed that a closing sale will begin on Nov. 27, ahead of the January closure. When the Bridgeport store is gone, the closest JOANN locations will be in Parkersburg, West Virginia, and Pittsburgh, Pennsylvania, both of which are over an hour away.

According to Kerr, other retailers at Meadowbrook decided to move to other areas of the mall, including a Marshalls location and a comic book store, but JOANN is one business that decided to close instead. "While there were some changes and some stores have closed, other stores have decided to keep open and relocate to different portions of the mall and that speaks volumes for the future of the mall," Kerr said.

Meadowbrook's new retailer has yet to be confirmed, but Cafaro anticipates making a formal announcement in January, according to the company's website.

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Another store on the East Coast is also closing its doors.

Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life (4)

Also closing on Jan. 22 is a JOANN store in Keene, New Hampshire,The Keene Sentinel reported. The store is located in the West Street Shopping Center, with a liquidation sale kicking off on the same day as the Bridgeport location. An employee confirmed the closing date to The Keene Sentinel, adding that the retailer's lease expires at the end of January. The employee requested that they not be named, as they didn't want to "jeopardize their employment before the store closes," the outlet reported.

Store associates were informed of the closure six weeks ago, but weren't provided with a reason, according to the employee. "It's been tough; it was a shock and a disappointment," they said. "I wish they would have relocated us instead of closing down."

In a statement provided to Best Life, JOANN confirmed that, overall, it has "no plans to closes its stores, and will continue to be the source for creators to bring their inspiration to reality."

"In alignment with standard brick and mortar business processes, JOANN closes stores occasionally while simultaneously investing in, and opening brand new stores to best meet the needs of our customers," the retailer said, adding that eight stores in total (out of 800) are closing in the next three months. "JOANN will continue to unveil new stores with updated features and offerings in 2023. JOANN physical store locations and the ecommerce business will continue to be available to customers, as we advance our mission to inspire creativity."

The closest JOANN location is a bit of a drive from Keene, but another craft store is coming to town.

Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life (5)

Current employees were offered the opportunity to transfer to other JOANN stores, but this would potentially involve a commute or a move. Much like the situation in West Virginia, the closest stores to Keene aren't necessarily close by.

"It's hard for most of us because we're from Keene and the nearest Jo-Ann is an hour away at least," the employee told The Keene Sentinel. The outlet notes that the closest locations within the state of New Hampshire are in Nashua and Concord, but the closest JOANN store, in general, is in Leominster, Massachusetts. The craft chain confirmed that current team members who do not have another JOANN store within a 25-mile radius will be given a severance package.

Crafters in Keene won't be totally out of luck though, as TheKeene Sentinel further reported that a Hobby Lobby is slated to open at West Street Shopping Center. An official date hasn't been confirmed, but the store's signage is in place and the store is undergoing renovations.

The JOANN closure and Hobby Lobby opening have not been officially connected, butThe Keene Sentinel called attention to Hobby Lobby's lease, which is available online through Cheshire County. The document states that "no portion of the Shopping Center, except for the Leased Premises, shall be used for the sale of art supplies, craft supplies, fabrics, photo frames, framed art, wall art, and wall decor." However, stores are able sell supplies, so long as they meet certain sales and square footage requirements.

Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life (2024)

FAQs

Jo-Ann Fabrics Is Closing Stores, Starting Jan. 22 — Best Life? ›

"In alignment with standard brick and mortar business processes, JOANN closes stores occasionally while simultaneously investing in, and opening brand new stores to best meet the needs of our customers," the retailer said, adding that eight stores in total (out of 800) are closing in the next three months.

Are all Joann Fabric stores closing? ›

April 25, 2024 | 3:30 P.M. Joann, one of the largest U.S. sellers of sewing supplies and fabrics, is set to emerge from Chapter 11 bankruptcy proceedings with an improved balance sheet and its roster of more than 800 stores remaining open.

What is going on with Joan fabrics? ›

Hudson-based retail chain JOANN to emerge from bankruptcy as private company. The company's more than 800 stores, and its 18,000 employees nationwide, will be preserved after the company filed for Chapter 11 bankruptcy protection in March.

How is Joann Fabrics doing financially? ›

According to its most recent quarterly earnings release, the company is currently more than $1 billion in debt. Joann operates 829 stores across 49 states around the U.S. and its stores and website will remain open for business during the Chapter 11 bankruptcy process.

Is Joann's owned by Hobby Lobby? ›

The company's competitors, Michael's and Hobby Lobby, are both privately owned, so it is unclear how they have performed amid those economic headwinds. The private equity firm Leonard Green & Partners bought Joann for roughly $1.6 billion in 2011, and spun it off publicly in 2021.

Is Joann Fabrics struggling? ›

Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending.

What is the alternative to Joann? ›

JOANN's competitors and similar companies include Michaels Stores, Hobby Lobby, Wescover and Dormify. Jo-Ann Stores (also known as JOANN Fabric & Craft) is a company that distributes sewing, arts, and crafts devices. Michaels Stores is a company that retails arts and crafts materials.

What is the controversy with Joann's? ›

Hudson, Ohio-based Joann, which filed for Chapter 11 bankruptcy, reported between $1 billion and $10 billion in debt. In court documents filed Monday, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.

Who bought out Joann's? ›

Joann is currently privately owned by Leonard Green & Partners.

How much does the CEO of Joann make? ›

Compensation by Company
CEO NameCEO PayMedian Employee Pay
Wade MiquelonCEO Pay $2,740,177Median Employee Pay $12,389

What is the future of Joanns? ›

Despite Joann's debt, the business is in a promising place, according to the bankruptcy filing. 96% of stores have positive cash flow. Additionally, online sales accounted for 13% of revenue in fiscal 2024, the filing said. Stores and online sales will continue to operate with no changes, Joann said.

Which is better JOANN or Michaels? ›

they are equal there. As for paper crafting, I would say Joann has more than Michaels but both are dwindling. For art supplies, Michaels has a much better selection of paints, colored pencils and markers. Joann has fabrics for quilting and sewing and Michaels does not.

What is the parent company of Joann Fabrics? ›

What religion is Hobby Lobby associated with? ›

It owns a chain of arts and crafts stores with a volume of over $5 billion in 2018. The chain has 1,001 stores in 48 U.S. states. The Green family founded Hobby Lobby to express their evangelical Protestant beliefs and the chain incorporates American conservative values and Christian media.

Who is inheriting Hobby Lobby? ›

Green, who said 100% of the company's voting stock has been moved to a trust where the "stewardship" can continue to pass on to one person from another, joined FOX Business' "Varney & Co." on Monday to elaborate on his decision and explain his company's future mission.

What company owns Joann Fabrics? ›

It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc. 1943 in Cleveland, Ohio, U.S. As of March 2020, Joann has 865 stores in 49 states. Joann is currently privately owned by Leonard Green & Partners.

How many locations does Joann have? ›

TO HELP YOU FIND YOUR HAPPY PLACE. Since 1943, we've grown from a favorite fabric destination to your one-stop shop for sewing, knitting, crocheting, crafting & decorating your home for every season! JOANN operates approximately 850 stores in 49 states.

Which is better Joann or Michaels? ›

they are equal there. As for paper crafting, I would say Joann has more than Michaels but both are dwindling. For art supplies, Michaels has a much better selection of paints, colored pencils and markers. Joann has fabrics for quilting and sewing and Michaels does not.

Is Joann a buy or sell? ›

JOANN stock has received a consensus rating of buy. The average rating score is and is based on 11 buy ratings, 8 hold ratings, and 1 sell ratings. What was the 52-week low for JOANN stock? The low in the last 52 weeks of JOANN stock was 0.05.

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