In a shocking turn, Joann Fabrics & Crafts has announced that it will be closing all 800 stores after being acquired by a liquidator group. Originally, the company planned to shutter 500 locations, but following its recent bankruptcy filing, the decision has been made to close all stores nationwide.
What This Means for Shoppers:
🛍 Store closing sales will begin soon, so this is the perfect time to stock up on fabric, yarn, and crafting supplies before they’re gone.
This news follows a larger trend of brick-and-mortar store closures, with retailers like Kohl’s and Macy’s also shutting down locations. Up to 15,000 stores are expected to close in 2025.
Keep an eye out for major discounts as Joann begins liquidation sales in the coming months!
