Joann Plans Closure of 500 Stores Amid Bankruptcy Restructuring

Joann is set to close over half of its stores nationwide due to financial struggles and Chapter 11 bankruptcy for the second time in under a year.

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Joann moves to close 500 of its stores across the US amid bankruptcy

Boston Herald

Joann moves to close 500 of its stores across the US amid bankruptcy

Associated Press

Joann closing 500 fabric and craft stores in 49 states: Search full list of closures

USA TODAY

Joann to close 500 stores — most of its chain — after filing for second bankruptcy

New York Post

Joann stores closing: 500 out of 800 arts and crafts stores to close in bankruptcy

Axios

Joann to close 500 of its 800 fabric and craft stores in US after second bankruptcy filing

USA TODAY

Joann is closing 500 stores | Business

CNN

Overview

A summary of the key points of this story verified across multiple sources.

Struggling fabric retailer Joann will close around 500 of its 800 U.S. locations as it undergoes Chapter 11 bankruptcy for the second time in less than a year. Citing sluggish consumer demand and inventory shortages, Joann aims to right-size its footprint, with significant closures impacting states like California, Florida, and New York. The closures follow operational challenges that led to a bankruptcy filing in January 2025 after the company went private in March 2024. Joann, which started as a single store in 1943, is now looking for buyers amid increasing competition and declining at-home crafting activities.

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