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Joann Fabrics Closing 500 Stores in 2025 – Bankruptcy & Future Plans Explained!

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Joann Fabrics Store Closures 2025: What You Need to Know

Joann Fabrics, one of the largest craft and fabric retailers in the U.S., has announced the closure of 500 stores due to financial struggles and bankruptcy filings. The company is restructuring to stay afloat amid growing competition and changing shopping trends.

Joann Fabrics store closures 2025


Why is Joann Fabrics Closing Stores?

🔸 Bankruptcy Filing (Chapter 11) – Joann Fabrics has filed for bankruptcy for the second time within a year.
🔸 Declining Sales – Increased competition from online retailers like Amazon, Michaels, and Hobby Lobby has impacted Joann’s revenue.
🔸 Inventory & Supply Chain Issues – Delays in supply chain logistics have caused stock shortages in many stores.
🔸 Rise of Online Shopping – More customers prefer online shopping, reducing foot traffic to physical locations.

Which Joann Fabrics Stores Are Closing?

🚨 500 locations across the U.S. will shut down. The list of affected stores is yet to be fully disclosed. Customers are advised to check Joann Fabrics’ official website or visit local stores for updates.

How Will This Affect Customers & Employees?

✔ Layoffs – Thousands of employees may lose jobs as Joann Fabrics reduces its physical footprint.
✔ Discount Sales – Expect huge clearance sales before the final shutdown of select stores.
✔ Shift to Online Shopping – Joann plans to enhance its e-commerce experience to retain customers.

Future of Joann Fabrics: What’s Next?

💡 Potential Buyout – The company is exploring a sale, with Gordon Brothers Retail Partners showing interest.
💡 Stronger Online Presence – Focus on improving digital sales through the website and mobile app.
💡 Limited Physical Stores – The remaining 300 stores will be optimized for profitability.

Conclusion

Joann Fabrics’ store closures in 2025 mark a major shift in the craft and fabric retail industry. While the company is restructuring, customers should take advantage of store-closing sales before their favorite locations shut down.

Will this be the end of Joann Fabrics? Share your thoughts in the comments!

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