Joann to Close 500 Stores Nationwide Amid Bankruptcy

News Summary

Joann, the popular craft store chain, announced it will be closing 500 of its stores across the U.S., including 21 in Massachusetts. This follows the company’s recent bankruptcy filings. While it’s a sad time for loyal customers, the going-out-of-business sales present a significant opportunity for discounts of up to 75% on select items. Shoppers can expect to find great deals on craft supplies, but should be aware of no returns and the suspension of personalized discounts during this transition period.

Exciting Deals Ahead as Joann Closes 500 Stores Nationwide!

In a surprising turn of events, the beloved craft store chain, Joann, is set to kick off going-out-of-business sales across its 800 locations in the United States, with a significant impact right here in Massachusetts. The company, previously known as Jo-Ann Fabrics and Crafts, is planning to close approximately 500 stores, including 20 spots across the Bay State. For DIY enthusiasts and crafters, this might be both a sad farewell and an exciting opportunity to snag some incredible deals!

What’s Happening?

Joann has recently faced some tough times, having filed for bankruptcy twice in under a year. Its latest filing was in December 2024. Despite these challenges, the company is making a big move by restructuring under the ownership of the GA Group, which plans to acquire most of Joann’s assets. The focus now shifts to winding down operations smoothly and ensuring customers get the most out of the going-out-of-business sales.

Store Closures in Massachusetts

For residents of Massachusetts, 21 Joann locations will be impacted. These stores are scattered across various cities, including Billerica, Burlington, Dartmouth, Hadley, Hanover, Holyoke, Hyannis, Leominster, Ludlow, Methuen, Middleton, Milford, Natick, North Attleborough, Pittsfield, Raynham, Saugus, Seekonk, Shrewsbury, Walpole, and Westford. However, there’s a silver lining: the Milford location at 91 Medway Road will remain open.

What to Expect from the Sales

The going-out-of-business sales are already underway! Customers can expect discounts ranging from 10% to 20% off most items, with some discounts shooting up to an amazing 75% on select products. This could be the perfect chance to pick up supplies for your next crafting project, holiday decorations, or even some fabric for that sewing project you’ve been dreaming about!

Important Details for Shoppers

As you hit the stores, keep in mind that there are no set closure dates just yet. Joann plans to close its locations once the sales are wrapped up, a process expected to take several weeks. One important note for fans of gift cards: you can still use them until February 28, 2025. However, keep in mind that personalized discounts for teachers, military members, healthcare workers, and Girl Scouts have been put on hold during this transition. Additionally, returns will not be accepted, so choose your items wisely!

Shifting Retail Landscape

Joann isn’t alone in making these tough decisions. Other well-known retailers like Kohl’s, Macy’s, and Nordstrom have also announced store closures in Massachusetts this year. Just last month, Party City declared bankruptcy and is on the path to wind down both its retail and wholesale operations. It seems the retail scene is shifting, and shoppers are feeling the impacts.

Final Thoughts

While it’s certainly a bittersweet moment for loyal Joann customers, the upcoming sales provide a chance to grab great deals. Whether you’re stocking up for crafting projects or just curious about the bargains, make sure to shop thoughtfully and enjoy these last few weeks of Joann’s presence in Massachusetts! Happy crafting!

Deeper Dive: News & Info About This Topic

• Boston.com: All 21 Joann Fabric and Crafts Stores Will Close in Mass
• Telegram: Joann Going Out of Business Sales Closing Stores in MA
• The Hill: List of the 500 Joann Stores Expected to Close
• USA Today: Joann Fabrics Closing Stores Amid Bankruptcy
• Providence Journal: Joann Store Closing in RI
• Wikipedia: Joann
• Google Search: Joann Fabrics Closing
• Google Scholar: Joann Fabrics Bankruptcy
• Encyclopedia Britannica: Retail
• Google News: Joann Fabrics Closing