Joann Fabrics to Close Over 500 Stores Amid Bankruptcy

Key Takeaways:

• Joann Fabrics is closing 533 stores across 49 states as part of its Chapter 11 bankruptcy restructuring.
• Hawaii is the only state unaffected by the closures.
• The hardest-hit states include California (61 stores), Florida (36), Michigan, Ohio, and Pennsylvania (33 each).
• The company cited store performance and strategic fit as factors in determining which locations would close.
• Joann has not confirmed if additional closures will follow as it navigates bankruptcy.

Joann Fabrics, a staple for crafters and sewing enthusiasts, has announced plans to close more than 500 stores across 49 states as part of its Chapter 11 bankruptcy restructuring.

“This was a very difficult decision to make, given the major impact we know it will have on our Team Members, our customers, and all of the communities we serve,” the company said in a statement. “A careful analysis of store performance and future strategic fit for the Company determined which stores should remain operating as usual at this time.”

While Joann has not publicly released a list of affected locations, court documents reveal that 533 stores are slated for closure. The only state unaffected by the cuts is Hawaii.

States Hit Hardest

According to filings, the states most impacted by the closures include:

• California: 61 stores
• Florida: 36 stores
• Michigan, Ohio, and Pennsylvania: 33 stores each
• Illinois: 26 stores
• New York: 24 stores
• Washington: 21 stores
• Indiana: 20 stores
• Massachusetts: 19 stores

This wave of closures marks a significant shift for the retailer, which has long been a go-to destination for fabric, crafts, and home decor. The company has not confirmed if additional closures will follow as it navigates the bankruptcy process.

Joann Fabrics’ restructuring is part of a larger trend of traditional brick-and-mortar retailers struggling to adapt to changing consumer habits and economic challenges.

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