Joann Bids Farewell: Iconic Fabric Retailer to Close All Stores After 80 Years
For generations, Joann has been the go-to destination for quilters, knitters, and craft lovers, providing an endless array of fabrics and supplies to fuel creativity. However, after more than 80 years in business, the beloved retailer is shutting its doors for good.
From Bankruptcy to Closure: The End of an Era
Joann’s downfall has been in the making for some time. The Hudson, Ohio-based company initially filed for Chapter 11 bankruptcy protection in early 2024 due to declining consumer demand and inventory shortages. Despite efforts to restructure and keep stores open, Joann filed for bankruptcy again in January 2025, marking a turning point in its fate.
Earlier this month, the company announced plans to close 500 stores—more than half of its nationwide footprint. But on Sunday, Joann confirmed that all of its stores would shut down following an auction in which financial services company GA Group, in partnership with Joann’s term lenders, acquired the majority of its assets. The company will now begin a full wind-down process, including major going-out-of-business sales across all locations.
Final Days of Joann: What Customers Need to Know
While Joann prepares for closure, customers still have time to grab their favorite supplies. The company reassured shoppers that its physical stores, website (Joann.com), and mobile app would remain operational for the duration of its liquidation sales. However, specific closure dates will be announced in the coming weeks as the final sales take place.
In a statement on its website, Joann’s leadership expressed disappointment but acknowledged that all possible efforts had been made to save the company. “Joann leadership, our board, advisers, and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business,” the statement read. “We are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact on all our stakeholders.”
A Legacy in the Crafting Community
Joann has been more than just a retailer—it has been a creative hub for millions of DIY enthusiasts. Since its founding in 1943, the company has grown into one of the largest fabric and crafts retailers in the United States, shaping the landscape of home crafting with an extensive selection of materials and workshops.
Despite its closure, Joann’s impact on the crafting world will not be forgotten. Many longtime customers and employees are mourning the loss of a store that has been a staple in their creative journeys.
As Joann prepares to sew its final stitch, shoppers can expect deep discounts and a last chance to stock up on crafting essentials. Stay tuned for further announcements regarding store closures and sale timelines.
For now, crafters across the country are saying a bittersweet goodbye to a brand that helped bring their ideas to life for over eight decades.
