After 82 years of business, Joann Fabric and Crafts has filed for Chapter 11 bankruptcy twice, once in March 2024 and again in January 2025.
Stores nationwide are selling remaining stock at discounted rates, and Joann's locations in Ypsilanti and Ann Arbor will soon be closed.
The reasons for closing are stock and inventory issues, along with financial decline. Competitors such as Michaels and Hobby Lobby outsell Joann. The store has struggled for many years with these issues before its inevitable bankruptcy.
The stores are offering a liquidation sale of 10% to 40% discount on all items. There is no projected date for the stores to close while it relies on getting rid of stock. Joann estimates stores will be open for about 11 more weeks.
Customers will be able to take advantage of the going-out sale online and in stores. All products are up for grabs at a steep discount. However, all items are final sale, and there will be no returns accepted.
“I feel that it is disappointing since it is my go-to place for fabric and sewing supplies,” said Judy Miller, a Michigan local and avid Joann shopper. “With sewing, it is good to be able to see and feel the different fabrics. That is not something you can get when shopping online.”
Joann's closure has left a mark on the crafting community. The sale will offer one last opportunity for shoppers to indulge in Joann’s wide range of fabrics and furniture.
