A popular fabric and craft retailer in the U.S. is closing hundreds of stores, calling it a difficult but necessary move. Here’s what the company revealed.
Joann, the well-known fabric and craft retailer, is reportedly closing approximately 500 of its 850 stores, affecting 49 states. The closures follow Joann’s second bankruptcy filing in January 2025, after previously filing in early 2024 before going private in March.
As part of its restructuring plan, the company said it is adjusting its store footprint to strengthen its business. “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,” Joann said in a statement to USA TODAY.
To determine which locations to close, Joann evaluated store performance and future viability. Underperforming locations were selected for closure, while more profitable stores will remain open. The company acknowledged the decision’s impact but stated it was necessary for long-term sustainability.
Court filings reportedly show 533 locations are set to close, with Hawaii as the only unaffected state. Some states will be hit harder than others. California will lose 61 stores, the most of any state.