The Hudson, Ohio-based company, which operates more than 800 stores, declared bankruptcy in March 2024 while reporting between $1 billion and $10 billion in debt. In court documents, the retailer blamed higher costs from shipping overseas products, as well as waning consumer demand.
"After carefully reviewing all available strategic paths to address our ongoing industry, economic and financial challenges, JOANN and its financial stakeholders determined that initiating a court-supervised sale process is the best course of action to maximize the value of the business," the company said in a statement. "Right-sizing our store footprint is a critical part of our efforts to ensure the best path forward for JOANN."
Click here for the full list of Joann store closures.
"JOANN is committed to providing our customers – the sewists, quilters, crocheters, crafters and other creative enthusiasts we have served for more than 80 years – with great service and assortments and to supporting our thousands of Team Members across the nation throughout this process," the company said in a statement.
Latest in retail closures
No timetable has been released for when Joann stores will start closing.
Read More Details
Finally We wish PressBee provided you with enough information of ( Joann to close about 500 fabric and craft stores nationwide. Here's where locations are closing. )
Also on site :
- ‘90s Country Star, 60, Shows off Slimmed Down Look at Intimate Show: ‘Beautiful'
- Star-Studded Tribute to Brian Wilson With Tom Hanks, Bruce Springsteen, Michael McDonald, Elton John and More Re-Airing on CBS
- Jury begins deliberations in Mike Lindell defamation trial in Denver over election conspiracies