Why are Joann Fabrics stores closing? Updates as it faces bankruptcy

April 14, 2025

Amid its second round of Chapter 11 bankruptcy proceedings in one year, struggling craft retailer Joann announced plans this week to close about 500 of its roughly 850 stores as it seeks a buyer. The list of closing Joann stores includes 33 in Ohio and 10 in Northeast Ohio.

https://www.beaconjournal.com/story/business/2025/02/13/joann-fabrics-stores-closing-list-when-why-bankruptcy-update-hudson-ohio-based/78516103007/

Why are Joann Fabrics stores closing? 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