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Joann fabrics stores closing: See the full list of all remaining locations that will shutter this month

Left 50% Center coverage: 4 sources Right

Hudson, Ohio, USA

May 26, 2025 1 Negative General

Hudson, Ohio, USA: Joann Fabrics & Crafts, an iconic 70-year-old chain, is closing its last 444 stores by May 31 after declaring bankruptcy. Clearance sales draw longtime shoppers seeking final bargains on fabric, yarn, and more. Private-equity debt and e-commerce competition contributed to Joann’s downfall. Crafters lament the loss of a community hub for sewing supplies and creative inspiration. Competitors like Michaels or Hobby Lobby might see increased traffic, but many loyal Joann employees face layoffs.

What this means for you:

•	If you rely on Joann for craft materials, stock up within 2–4 weeks; some items might be 50% off or more during final liquidation.
•	In the next 1–2 months, test online suppliers for comparable pricing—factor in shipping costs to see if you truly save.
•	Consider forming a local crafting circle to share resources if there’s no nearby alternative store—community swaps can save 10–20% on overall crafting expenses.
•	If you’re worried about supplies for a small business, plan a 3-month inventory buffer to avoid sudden shortages post-closure.

Key Entities

• Joann Inc. – Fabric and craft retailer with a 70-year legacy, now closing nationwide.
• GA Group – New owner handling the bankruptcy wind-down.
• Leonard Green & Partners – Former private-equity owner that left Joann with heavy debt.
• Joann customers/employees – Loyal patrons and staff affected by the sudden shutdown.

Bias Distribution

Left: 25% (1 source)

Center: 50% (2 sources)

Right: 25% (1 source)

Multi-Perspective Analysis

Left-Leaning View

Attributes closures to private-equity mismanagement, laments job losses and community impact.

Centrist View

Focuses on the business bankruptcy process and competitive retail environment.

Right-Leaning View

Highlights free-market outcomes, sees e-commerce as the natural evolution even if some stores fail.

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