Joann Fabrics Announces Complete Store Closure After 80 Years
In a surprising move that signals ongoing challenges in brick-and-mortar retail, Joann Fabrics has announced plans to close all of its physical stores nationwide. The 80-year-old craft and fabric retailer, beloved by hobbyists and DIY enthusiasts, filed for Chapter 11 bankruptcy and will begin liquidating its retail locations.
The decision comes after years of declining in-store sales and increasing competition from online retailers. Key factors contributing to the closure include:
- Shifting consumer shopping habits toward e-commerce
- Rising operational costs
- Reduced demand for traditional craft supplies
- Financial challenges exacerbated by the COVID-19 pandemic
Despite the physical store closures, Joann will continue to maintain its online presence, allowing customers to purchase craft supplies through their website. The company hopes this digital strategy will help preserve its brand and serve its loyal customer base.
For crafting communities across the United States, the news represents a significant emotional and practical loss. Many customers have relied on Joann's stores for decades as community gathering spaces and sources of inspiration for creative projects.
Customers are advised to check local store locations for potential liquidation sales and to transition their shopping to Joann's online platform to continue accessing their favorite craft supplies.
