Jo-Ann Stores is closing hundreds of stores across America: details and reasons
13 february 2025 в 20:37
Jo-Ann Stores, stylized as JOANN, has announced the closure of hundreds of its stores across the United States. The popular retailer of fabrics and crafts released a statement on Wednesday, February 12, 2025, about the sudden closure, noting that it was a «very difficult decision» and acknowledging the «impact» it will have on employees in 49 states. So why is Jo-Ann closing its stores after decades of successful operation?
Below, you will learn what is happening with Jo-Ann stores and which stores are closing.
Jo-Ann is closing 500 out of its 800 fabric and craft stores, as reported by ABC News.
The retailer has filed for Chapter 11 bankruptcy, as Jo-Ann stated in its statement to ABC News, citing its «efforts to maximize the value of the business».
«This was a very difficult decision, given the significant impact we know it will have on our employees, our customers, and all the communities we serve», - said a representative of Jo-Ann Stores to the publication. «A thorough analysis of store performance and future strategic alignment for the company determined which stores should remain open in regular operation at this time».
This is the second time the company has filed for Chapter 11 bankruptcy in less than a year. Previously, Jo-Ann was privately owned by Leonard Green and Partners until it went public in 2021.
No, Jo-Ann is not currently closing. By announcing the closure of 500 of its stores, a Jo-Ann representative told ABC News that the closures are part of «resizing our retail footprint» as part of «efforts to ensure the best path forward for JOANN».
The full list of Jo-Ann store closures can be found on the USA Today website. The only state not affected by the changes is Hawaii. According to the publication, the states most impacted by Jo-Ann store closures are California with 61 closures, Florida with 36, Michigan, Ohio, and Pennsylvania with 33, Illinois with 26, and New York with 24
Below, you will learn what is happening with Jo-Ann stores and which stores are closing.
Jo-Ann is closing 500 out of its 800 fabric and craft stores, as reported by ABC News.
The retailer has filed for Chapter 11 bankruptcy, as Jo-Ann stated in its statement to ABC News, citing its «efforts to maximize the value of the business».
«This was a very difficult decision, given the significant impact we know it will have on our employees, our customers, and all the communities we serve», - said a representative of Jo-Ann Stores to the publication. «A thorough analysis of store performance and future strategic alignment for the company determined which stores should remain open in regular operation at this time».
This is the second time the company has filed for Chapter 11 bankruptcy in less than a year. Previously, Jo-Ann was privately owned by Leonard Green and Partners until it went public in 2021.
No, Jo-Ann is not currently closing. By announcing the closure of 500 of its stores, a Jo-Ann representative told ABC News that the closures are part of «resizing our retail footprint» as part of «efforts to ensure the best path forward for JOANN».
The full list of Jo-Ann store closures can be found on the USA Today website. The only state not affected by the changes is Hawaii. According to the publication, the states most impacted by Jo-Ann store closures are California with 61 closures, Florida with 36, Michigan, Ohio, and Pennsylvania with 33, Illinois with 26, and New York with 24
© Kolganov Andrey
