Sad news, Joann shoppers! Joann has announced it will be closing about 500 stores across the U.S., nearly a year after filing for bankruptcy. The Hudson, Ohio-based retailer, which currently operates over 800 locations, cited rising costs and declining demand as key reasons for the closures.
What’s Happening?
- Joann filed for bankruptcy in March 2024, reporting between $1 billion and $10 billion in debt.
- Initially, the company planned to keep stores open, but in January 2025, they initiated a Chapter 11 sale process.
- Going-out-of-business sales begin Saturday and may last for months.
Which States Are Affected?
The closures impact almost every state, with California, Florida, Illinois, Massachusetts, Maryland, Michigan, Minnesota, New York, Pennsylvania, and Texas seeing the highest number of store closures.
Click here for the full list of Joann store closures.
What Shoppers Need to Know:
- Gift cards are still being accepted for in-store purchases (not online).
- There is no official timeline for store closures, but liquidation sales are starting soon.
What do you think about this news?!
