Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > World News > Fabric giant Joann is shuttering and closing all 800 stores : NPR
World News

Fabric giant Joann is shuttering and closing all 800 stores : NPR

Last updated: February 25, 2025 9:38 am
Share
Fabric giant Joann is shuttering and closing all 800 stores : NPR
SHARE



A customer shops in an aisle lined by rolls of fabric at a Joann store in Miami on Feb. 13.

A customer shops in a Joann store in Miami on Feb. 13. The retailer announced this week that it is going out of business and closing its roughly 800 stores across the U.S.

Joe Raedle/Getty Images


hide caption

toggle caption

Joe Raedle/Getty Images

Joann, the major national retailer of fabric and craft supplies, is going out of business and closing all of its roughly 800 stores in 49 states across the U.S.

The more than 80-year-old chain formerly known as Jo-Ann Fabrics had been struggling financially for several years following a DIY-driven uptick in sales during the early days of the pandemic.

Joann has lost market share to online retailers and brick-and-mortar competitors such as Hobby Lobby and Michaels, retail analyst Neil Saunders told NPR earlier this month.

The company announced on Sunday that it was being sold — the result of its second bankruptcy filing in less than a year — to the GA Group along with its prepetition term lender.

“In connection with this agreement, subject to Bankruptcy Court approval of the transaction, the winning bidders plan to begin winding down the Company’s operations and conduct going-out-of-business sales at all store locations,” Joann said in a statement.

The liquidation sales are set to begin immediately and could take “a number of weeks” to complete, the company noted in an FAQ on its website.

See also  Residents win battle against prominent wine grower over alpine village subdivision

Joann stores will continue to accept gift cards through Feb. 28. But personalized discounts and discount partnerships, such as those for Girl Scouts and teachers, are being paused, and the company will stop accepting returns.

The Hudson, Ohio-based retailer filed for bankruptcy a year ago, aiming to restructure its ballooning debt. It said at the time that stores would remain open.

But Joann filed for bankruptcy again in January, and interim CEO Michael Prendergast said at the time that executives believed that selling the company was the best course of action.

Earlier in February, as Joann was seeking a buyer, it announced that it would close about 60% of its retail shops nationwide.

TAGGED:closingFabricGiantJoannNPRshutteringstores
Share This Article
Twitter Email Copy Link Print
Previous Article “You’re the one creating your own problems” — Internet reacts to Elon Musk saying he suffers “infinite indignities” on X, the platform he owns “You’re the one creating your own problems” — Internet reacts to Elon Musk saying he suffers “infinite indignities” on X, the platform he owns
Next Article Where is H.L. Mencken When We Need Him? Where is H.L. Mencken When We Need Him?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Boy, 16, caught with loaded gun at NYC high school charged — after sharing on social media how he hated tests

Incident of Threatened School Shooting at Benjamin Cardozo High School A concerning incident unfolded at…

September 23, 2025

Can Israel destroy Iran’s nuclear sites?

Israel’s recent attack on Iran has sparked a new wave of tensions in the already…

June 13, 2025

Racial Disparities Already Undermine Elections—but the Threat to Democracy Is Growing  

The foundation of our democratic system is built on the tenets of free and fair…

September 24, 2025

Flaws in 150 Years of Global Temperature Data Blow Holes in Global Warming Narrative |

Photo: U.S. Forest Service firefighters battle a California wildfire. Text added by Antonio Graceffo. Original…

July 6, 2025

101 Funny Valentine’s Day Quotes for a Positive and Less Stressful Day

Valentine’s Day is a day filled with love, laughter, and romance. It can be a…

January 10, 2025

You Might Also Like

Tennessee bomb factory explosion leaves as many as 19 feared missing or dead
World News

Tennessee bomb factory explosion leaves as many as 19 feared missing or dead

October 10, 2025
City official chokes up apologizing to trans activists for hosting innocent ‘Harry Potter’ event
World News

City official chokes up apologizing to trans activists for hosting innocent ‘Harry Potter’ event

October 10, 2025
Katie Porter eviscerated by political rival in brutal, 3-minute ad showing full-blown meltdown
World News

Katie Porter eviscerated by political rival in brutal, 3-minute ad showing full-blown meltdown

October 10, 2025
Katie Porter eviscerated by political rival in brutal, 3-minute ad showing full-blown meltdown
World News

Katie Porter eviscerated by political rival in brutal, 3-minute ad showing full-blown meltdown

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?