The Brief
- Craft retailer Joann is closing about 500 of its stores nationwide.
- The closures include a number of locations in Minnesota and Wisconsin.
- The announcement of the closures came after the company filed for Chapter 11 bankruptcy, the second filing within a year.
(FOX 9) – The fabric and craft retailer, Joann, announced it’s closing about 500 stories across the U.S. due to post-pandemic financial struggles, and bankruptcy filings.
Joann fabric’s closing stores
By the numbers:
The decision to close hundreds of Joann stores after it filed for Chapter 11 bankruptcy protection in January. This is the second bankruptcy filing for the company, having filed for Chapter 11 protection back in March 2024.
After filing for bankruptcy in March 2024, Joann reemerged as a private company, but continued to struggle, leading to the second filing in January 2025. The company is now looking to sell the business and said that closing “underperforming” locations is required for that process.
Joann stores closing in Minnesota
Local perspective:…