JOANN Fabrics Closing Over 500 Stores Nationwide

News Summary

JOANN Fabrics has announced it will close over 500 stores across the U.S., with 18 locations impacted in Texas. This decision follows recent bankruptcy filings and aims to restructure the company. Starting Saturday, going-out-of-business sales will commence, allowing customers to purchase supplies at discounted rates. JOANN’s history in Texas has been significant, and this news leaves many craft enthusiasts disheartened about the future of their favorite creative hub.

Sad News for Craft Lovers in Texas: JOANN Fabrics to Close Over 500 Stores

In a move that has undoubtedly left many creative minds disheartened, JOANN Fabrics is embarking on a closure journey, affecting over 500 of its stores nationwide—including nearly two dozen right here in Texas. It’s hard to imagine a Texas landscape without the joys of vibrant fabrics and DIY supplies that JOANN has provided to craft enthusiasts over the years.

Store Closures in the Lone Star State

If you’re a fan of sewing, crafting, or just love a good DIY project, brace yourself. JOANN has made the difficult decision to close about 533 stores across the United States as part of a bigger plan to recover from its recent bankruptcy filings. This situation sadly includes 18 locations across Texas, with areas like Abilene, Arlington, and San Antonio feeling the squeeze. In fact, one of the locations on SE Military Drive in San Antonio is on the chopping block.

With JOANN’s rich presence in Texas, operating a total of 43 stores across 35 cities, this closure news is certainly a blow to the local craft community. Houston leads the charge with the most JOANN spots—four in total—but other cities like Dallas, Austin, and Mesquite will also see store closures. It’s hard to think about how many crafting dreams might go unfulfilled in the wake of these closures.

What’s Next for JOANN’s Crafty Community?

Starting this Saturday, JOANN will kick off going-out-of-business sales, where avid crafters can take advantage of deep discounts on fabrics, supplies, and more. While these sales may last for several months, consumers are encouraged to shop early for the best selection. If you’re a regular shopper, it’s time to grab those supplies you’ve had your eye on before they vanish for good!

What about Gift Cards?

For those holding onto JOANN gift cards, there’s a silver lining: you can still use them in-store! However, they won’t be valid for online purchases, so make sure to hit up your local store to redeem them before it’s too late. This is a great chance to stock up on materials for that project you’ve been meaning to finish.

A Tough Year for JOANN

The company has experienced a whirlwind of changes in the past year. After filing for bankruptcy twice, JOANN has been working through some serious restructuring. The first bankruptcy filing came about in early 2024, leading to the company being delisted from the stock exchange and transitioning to private ownership. Recently, JOANN sought court approval to sell off a significant chunk of its assets, marking a significant shift in how the company operates moving forward.

The company firmly believes that “right-sizing” its store footprint is essential for a brighter future. While this restructuring process may set the stage for more nimble operations in the long run, it also sadly means that many loyal customers will be left without their favorite crafting hub.

Looking Ahead

As the dust settles from this tough decision, the hope is that JOANN can emerge leaner and more focused from this restructuring. With its vast range of fabric and crafting supplies, the company has undoubtedly left a mark on crafters nationwide. Local communities will feel the void left by these closures, and it’s a tough pill to swallow for those who have relied on JOANN for their creative needs.

In the coming months, as stores close and sales ramp up, keep your eyes peeled for those deals. While it’s a somber transition for JOANN, remember, creativity knows no bounds, and there are always new opportunities waiting around the corner!

Deeper Dive: News & Info About This Topic

• WFAA: JOANN Closing Hundreds of Stores Nationwide
• NBC DFW: List of Stores JOANN Expected to Close in Texas
• Statesman: JOANN Closing Stores in Texas Locations
• KHOU: JOANN Bankrupt Fabrics Retailer Closures in Texas
• Fox 26 Houston: What JOANN Stores are Closing in Texas
• Wikipedia: JOANN