News Summary
Joann Fabric and Craft Stores will close 33 locations in Michigan as part of a nationwide plan to shutter approximately 500 stores due to recent Chapter 11 bankruptcy filings. This decision follows Joann’s second bankruptcy filing in less than a year and reflects the company’s efforts to reassess its operational viability across all states. The affected stores have been deemed underperforming, and closures are expected to begin soon, impacting local crafting communities reliant on Joann for supplies.
Joann Fabric to Close 33 Stores in Michigan as Part of Nationwide Bankruptcy Efforts
In a turn of events that’s leaving many crafty Michiganders feeling a bit blue, Joann Fabric and Craft Stores is gearing up to close a whopping 33 locations across the state. This is part of a broader plan that will see approximately 500 stores shuttered nationwide as the company navigates through its latest Chapter 11 bankruptcy proceedings.
What’s Happening?
As of January 15, Joann filed for Chapter 11 bankruptcy for the second time in under a year. The Company had previously filed back in March 2024, making a brief comeback as a private entity the following month. Unfortunately, it seems that not every fabric store can weather the storm. This latest financial hiccup has sparked a major reevaluation of the company’s operational landscape, leading to the identification of numerous underperforming stores across all 50 states.
States Affected by the Closures
While Joann is planning to close shops in multiple states, it is **California**, **Florida**, **Indiana**, **Michigan**, **New York**, **Pennsylvania**, and **Washington** that will feel the most significant impact. For Michigan residents, the loss of 33 stores will undoubtedly affect local shopping habits, especially for those avid crafters and DIY enthusiasts who rely on Joann for their supplies.
The Store Closures Begin
For anyone wondering when these changes will start to take place, the closures are expected to kick off in the coming months. A comprehensive list of the identified underperforming stores has been circulated, and while it may be difficult for many to see their local Joann go, these decisions are based on extensive evaluations during the bankruptcy process. Joann currently boasts over 800 stores across the country, and it’s clear that not every location can continue as they once did.
What’s Next for Joann?
During these tricky financial times, Joann is actively searching for a buyer to help keep the business afloat. Should a suitable buyer not emerge from the shadows, Joann may hand its assets over to a liquidation firm, Gordon Brothers Retail Partners LLC, which has been valuing those assets at around $538.3 million. This drastic move can be unsettling not just for employees but also for loyal customers who have intertwined Joann into their crafting lives.
The Impact on Local Communities
The spokesperson for Joann shared that the decision to close stores was a tough one, considering the potential ripple effects on team members, customers, and the communities that depend on these locations for supplies. Before the closures, Michigan was home to 41 Joann stores serving 40 different towns. The loss of these shops will surely leave a void for the community, particularly for those who enjoyed shopping for fabric, craft supplies, and seasonal decorations.
Looking Ahead
As the dust settles on this latest announcement, Michiganders are encouraged to check the Joann website for a full listing of the impacted locations. Whether it’s stocking up on fabric for a cozy quilt, finding the perfect craft supplies for a school project, or hunting for unique home decor, residents are likely feeling a pang of loss as their favorite avenues for creativity fade away.
For now, all eyes will be on Joann and its next steps. The crafting community holds its breath in hopes that this isn’t the end of the line for one of its beloved retailers. Stay tuned as we keep you updated on this developing story!
Deeper Dive: News & Info About This Topic
- WGHN: Joann to Close 33 Stores in Michigan
- Detroit Free Press: Joann Fabrics Store Closing List
- WZZM13: Michigan Joann Stores Closing List
- Patch: Joann Fabric 40 MI Locations File Bankruptcy
- KVUE: Joann Fabrics Store Closing List 2025
- Wikipedia: Joann Fabrics
