The Closure of JoAnn Fabrics and Crafts: A Beloved Retailer’s Final Chapter

A Nationwide Farewell: JoAnn Fabrics and Crafts Shutters All 800 Stores

JoAnn Fabrics and Crafts, a longtime favorite among crafters and sewists, has announced the closure of all its 800 stores across the United States. The retailer, known for its vast selection of fabrics, sewing supplies, and crafting materials, has embarked on a nationwide going-out-of-business sale. Discounts of up to 40% off are being offered on all remaining merchandise, urging customers to shop quickly before the doors close for good. The liquidation process began after JoAnn filed for bankruptcy in January, citing a staggering $615 million in debt and monthly operational costs of $26 million. Initially, the plan was to close around 530 stores while keeping 270 locations operational, but the decision was later made to shut down all stores entirely.

Gift Card Controversy: Customers Express Frustration and Disappointment

As the closure process unfolded, JoAnn faced backlash from customers over its decision to stop accepting gift cards after February 28, a deadline that has now passed. Many shoppers took to social media to express their anger and disappointment, feeling that the company had taken their money but was now refusing to honor the gift cards. "I just want you to know how incredibly upsetting it is that you cut off our ability to use gift cards," one customer wrote on JoAnn’s Instagram post announcing the 40% off sales. "Your business took money and now refuses to give the product in exchange for it. Wrong." Others echoed similar sentiments, with some even accusing the retailer of "theft and fraud," though such claims are not accurate.

A Sad Goodbye: Customers Mourn the Loss of a Beloved Store

Despite the fury over the gift card issue, many customers are simply heartbroken to see JoAnn go. The retailer has been a staple for crafters and sewing enthusiasts for decades, offering a wide selection of materials and supplies that were hard to find elsewhere. "Nooo, my favorite store," one longtime customer lamented. "My heart hurts a lil’ bit," another added. For many, JoAnn was more than just a store—it was a community, a place where people could come together to share ideas, learn new skills, and find inspiration. The closure of all 800 locations marks the end of an era for crafters nationwide.

Understanding Bankruptcy: What It Means for JoAnn and Other Retailers

JoAnn’s closure is the result of a Chapter 11 bankruptcy filing, a legal process that allows companies to restructure their debts and, in some cases, continue operating. However, this is not JoAnn’s first brush with bankruptcy. The company previously filed for Chapter 11 in March 2024, citing over $500 million in debt. At the time, it managed to emerge from bankruptcy as a private company without closing any stores. This time, however, the outcome has been different. The company’s debts proved insurmountable, and the decision was made to liquidate all assets and close all locations permanently.

A Broader Retail Trend: JoAnn Isn’t Alone in Its Struggles

JoAnn is not the only retailer facing financial difficulties. In recent months, several major chains have filed for bankruptcy, leading to widespread store closures. Big Lots, for example, filed for bankruptcy in September and plans to keep only about 200 of its more than 1,000 stores open. LL Flooring, formerly known as Lumber Liquidators, also filed for bankruptcy around the same time and has since closed over 200 locations. These closures reflect a challenging retail landscape, with rising costs, changing consumer habits, and increased competition from online retailers putting pressure on brick-and-mortar stores.

Final Thoughts: Remembering JoAnn Fabrics and Crafts

As JoAnn Fabrics and Crafts prepares to close its doors for the last time, customers are taking a moment to reflect on the role the retailer played in their lives. For many, it was a place of creativity, inspiration, and community. While the gift card controversy has left a sour taste for some, others are choosing to focus on the memories and the joy that JoAnn brought into their lives. "RIP JoAnn’s, you were a real one," one customer wrote, summing up the sentiments of many. Though the stores may be closing, the impact of JoAnn Fabrics and Crafts on crafters and creators will undoubtedly be felt for years to come.