Joann fabric and craft stores are set to close all of their locations, around 800 shops, after more than eight decades in business. The revered arts and craft chain was unable to find a buyer to save the retailer after falling sales led to a bankruptcy proceeding in 2024. “JOANN leadership, our Board, advisors and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business,” the retailer said. Shoppers at the store can expect nationwide going-out-of-business sales to begin immediately, according to NBC News, as the retailer winds down operations. The outlet reported that Joann had around 19,000 employees, with many of them part-time workers. “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,” the company said. “We deeply appreciate our dedicated Team Members, our customers and communities across the nation for their unwavering support for more than 80 years.”
