A well-known retail chain with locations throughout Georgia is preparing to close several stores as part of a sweeping round of nationwide shutdowns. The company recently confirmed that over half of its locations will be shutting down in the coming months as it struggles with financial difficulties and bankruptcy proceedings.
Hundreds of Stores Nationwide Affected as Company Faces Bankruptcy
In a statement, the retailer described the decision as “challenging” but necessary to secure long-term stability. Court documents indicate that closures will take place across 49 states, with Georgia expected to be among them.
Joann, the fabrics and crafts retailer, is set to close more than half of its 850 stores as it continues efforts to reorganize amid bankruptcy.
Which Stores In Georgia Are Closing?
According to court documents, Joann plans to close 12 stores in Georgia.
- #2534: 3055 Atlanta Highway, Athens, GA
- #1549: 9439 Highway 5, Douglasville, GA
- #1921: 2255 Pleasant Hill Rd Ste 200, Duluth, GA
- #1960: 965 N Point Dr, Alpharetta, GA
- #2005: 1630 Scenic Hwy N Ste O, Snellville, GA
- #2016: 250 Pavilion Pkwy, Fayetteville, GA
- #2359: 1380 Dogwood Drive, Conyers, GA
- #2364: 1074 Bullsboro Drive, Unit #6, Newnan, GA
- #2414: 540 A Lakeland Plaza, Cumming, GA
- #2247: 137 Golden Isles Plaza Parkway, Brunswick, GA
- #1891: 5080 Riverside Dr Ste 1300, Macon, GA
- #2490: 2951 Watson Blvd, Warner Robins, GA
The states most heavily affected by this initial wave of closures include California, Florida, Michigan, Ohio, Pennsylvania, Illinois, New York, Washington and Indiana.
Ongoing Financial Struggles Force Major Downsizing
The company originally filed for bankruptcy in early 2024 and attempted to recover by restructuring its operations. However, persistent financial troubles—including declining sales and supply chain disruptions—led to a second bankruptcy filing last month.
Legal filings reveal that the retailer had been searching for a potential buyer but determined that a large number of underperforming stores would not be included in any sale. As a result, approximately 500 locations across the country are slated to close permanently.
Florida Shoppers Brace for Retail Closures
These closures reflect a larger trend of financial difficulties facing brick-and-mortar retailers. Rising inflation, changes in consumer spending habits, and the continued growth of online shopping have put pressure on traditional retail stores, leading to widespread downsizing…