Joann, the bankrupt fabrics retailer, is closing 500 of its 800 stores
David Paul Morris/Bloomberg/Getty Images
Joann, the fabrics and crafts retailer, is closing more than half of its 800 stores in the coming months as it continues to navigate the bankruptcy process.
Approximately 500 stores across the United States are closing, the retailer said in a statement to CNN, saying that “right-sizing our store footprint is a critical part of our efforts to ensure the best path forward.”
“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,” a Joann spokesperson said.
Although the company’s statement did not provide a specific list of locations, court filings reveal stores are closing in all 50 states — with California, Florida, Indiana, Michigan, New York, Pennsylvania and Washington among those most heavily affected by the closures.
The major reduction in its footprint comes after Joann filed for bankruptcy last month for the second time in less than a year. The retailer first filed for Chapter 11 in March 2024, but it emerged a few weeks later as a private company and kept all of its stores open.
More on this category
LAST NEWS
Most read
