It’s official: Joann Fabrics is closing all its remaining locations as part of Chapter 11 bankruptcy proceedings. The retailer filed for bankruptcy in January for the second time in less than a year. Last month, USA Today reported that the company announced it intended to close 500 of its remaining 800 stores. Sadly, things didn’t work out for Joann Fabrics, and the company will cease to exist after 82 years in business.
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“JOANN leadership, our Board, advisors, and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business,” the company said in a statement obtained by USA Today. “We are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact on all our stakeholders.”
The statement continues, “We deeply appreciate our dedicated Team Members, our customers, and communities across the nation for their unwavering support for more than 80 years.”
Joann Fabrics Customers Shared Their Sadness About The Closing News
Many took to social media to share their disappointment. A fan wrote on X, “I’m so sad Joann’s Fabric is closing. I hate this online retail world where you can’t go look at and touch fabrics to get inspired to create. And you can’t meet strangers who share your interests in stores. The world is feeling increasingly devoid of inspiration and community.”
Another customer wrote, “Okay but Joann Fabrics finally biting the bullet is super sad news. It’s a dark day for crafters being in the middle of a project and being able to run to the store for a quick item.”
This person shared a sweet story ahead of Joann Fabrics closing. “My grandma and I went together to pick out fabric for my wedding cape at Joann’s. I can’t imagine ordering something like that online.”
This story’s featured image is by Tim Leedy/MediaNews Group/Reading Eagle via Getty Images.
