Joann Fabric and Craft Store to Close 800 Locations

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Colorful crafting supplies and fabrics in a craft store

News Summary

Joann Fabric and Craft Store has announced the closure of approximately 800 locations across the U.S., including ten in Tennessee. This move follows the company’s second Chapter 11 bankruptcy filing in January 2025. Shoppers can enjoy going-out-of-business sales starting February 15, offering discounts up to 75%. While future store operations remain uncertain, Joann’s online shopping will continue, and gift cards will be accepted through February 28, 2025. The company is working with a new ownership group to navigate these changes.

Big Changes for Craft Lovers: Joann Fabric and Craft Store to Close 800 Locations!

Nashville, Tennessee – A huge shakeup is happening in the world of crafting as Joann Fabric and Craft Store, the go-to spot for all DIY enthusiasts and crafters, has announced it will close approximately 800 of its stores across the United States. This means that ten locations in our beloved Tennessee will be saying goodbye.

What’s Happening?

Joann, which has been a staple for fabric and crafty supplies, filed for Chapter 11 bankruptcy for the second time in January 2025. This comes just ten months after its first filing back in March 2024. During its earlier attempt to restructure finances, Joann aimed to keep its stores open while looking for a potential buyer. However, the retail environment has proven to be much more challenging than expected, prompting this latest round of closures.

Faced with Changing Times

The company currently operates around 850 stores in 49 states, with 13 of those right here in Tennessee. Sadly, the ten stores set to be closed include:

Clarksville
Jackson
Johnson City
Kingsport
Knoxville
Germantown
Franklin
Mount Juliet
Sevierville
Tullahoma

What Does This Mean for Shoppers?

Mark your calendars! Joann kicked off its going-out-of-business sales on February 15, 2025. This is your chance to snag those crafting supplies at a fantastic discount! Discounts during these sales range from 10-20%, with some deeply discounted items hitting up to 75%. Talk about a bargain!

Gift Cards and Returns

If you’ve got a Joann gift card sitting around, fear not! Joann will continue accepting gift cards through February 28, 2025. However, a heads up for everyone looking to exchange items – returns will not be accepted during this period. So, keep those receipts safe!

Online Shopping Still Available

Joann’s mobile app and website will remain active, meaning you can still shop for your favorite crafting materials from the comfort of your home! This is a silver lining for many who prefer online shopping or those who are worried about missing out on the best deals at closing stores.

A New Beginning for Joann?

As difficult as this transition may be, there’s still hope for Joann’s future. The retail liquidator GA Group and Joann’s term lenders are set to acquire Joann’s assets, with the auction results expected to be formally approved in a Delaware bankruptcy court hearing soon. This partnership aims to forge a path forward as Joann continues to navigate these turbulent waters.

The Road Ahead

Joann has expressed its commitment to working with the new ownership group to make the closures as minimally disruptive as possible. Retail leaders mention that the challenges faced in today’s retail world have been significant and enduring, pushing companies like Joann to rethink their strategies.

The upcoming months may be a bittersweet chapter for craft lovers in Tennessee and across the nation. While it’s sad to see so many locations close, there’s a hope that Joann can find its footing once again.

What’s Next for Crafters?

Whether you’re a passionate crafter, a sewing novice, or just exploring hobbies, continue supporting your local stores while they’re still open, and do not miss out on those incredible discounts! Let’s embrace the creativity that will surely continue to thrive beyond these changes. So gather your crafting supplies while you can, and happy crafting!