And then there was 12.
Joann Fabrics announced this week that more than half of the locations will be closing.
“This was a very difficult decision given the huge impact that it will have on the team members, our customers, and all the communities we serve,” Joan said in a statement to USA Today on Wednesday. “Store performance and strategic and appropriate analysis of future strategically determined which stores should continue to operate normally at this point.”
Joan was founded in Cleveland, Ohio in 1943 and sells a variety of craft supplies, including garden, sewing machines and Cricut machine fabrics. Here are the locations in Florida that will appear safe from the closure as of February 14th:
Why is Joan Fabric closing its store?
Authorities have highlighted the Covid-19 pandemic, supply chain issues and the aftermath of inflation as reasons for retailers’ struggles over the past five years.
The retailer filed for bankruptcy after securing about $132 million in new funds in March 2024, heading towards $1 billion in debt. The company has chosen to become private again after it was released in 2021.
However, in January, the rash of store closures continued before the company filed for Chapter 11 bankruptcy again, “helping the sales process to maximize the value of its business.”
35 Florida stores are closed. Which Florida Joan stores will remain open?
Of the 47 locations in the state currently listed on Joan’s website, only 12 were not named on the reorganization list.
Which Florida stores are closed? Joan will close 500 locations, including 800 locations.
When will the Joan store be closed?
On Wednesday, Joanne filed a motion seeking court authorities closing around 500 stores.
“If the claim is approved by the court, sales will begin on Saturday, February 15th,” Joanne spokesman Amanda Hayes told TCPALM.com. Shifts from store to store. ”
