It's a heart-wrenching twist for creators and DIY fanatics, as Joann Fabrics and Crafts has declared bankruptcy and is shuttering its stores across the nation.
Joann Fabrics declares closing of stores nationwide due to bankruptcy proceedings
A mainstay for fabrics, sewing essentials, and home décor for over eight decades, the retail titan will cease operations as part of its restructuring process.
This devastating news has kicked off a scramble for customers to use their remaining gift cards, as Joann has set a deadline of February 28, 2025, for redemption. Post-February 28, neither gift cards nor store credits will hold any value. Online services like Joann's website and mobile app have haltered their acceptance of gift cards while the company winds down its operations.
Joann's fiscal downturn can be attributed to dwindling walk-ins, fiercer competition from e-commerce empires, and surging operational expenses. Despite efforts to boost sales through discounts and promotions, the company couldn't safeguard its profits.
The pull-down of Joann Fabrics' close to 800 stores marks the end of an epoch for the crafting realm.Numerous loyal customers have voiced their frustration, labeling the chain's demise a stumbling block for DIY hobbyists and small entrepreneurs who thrived on Joann's extensive product selection.
As liquidation sales commence, Joann shoppers are suggested to double-check their local branch for closing deals before it's too late. The company is yet to announce an official closure date, but sources predict it'll occur by mid-2025.
While the departure of Joann is a sorrowful sight, the crafting scene is far from lifeless. Here are a handful of alternatives that will keep your creativity afloat:
Brick-and-Mortar Heavyweights
- Michaels: Known for its vast array of craft supplies, Michaels offers weekly coupons, custom framing services, and rewards programs. It has expanded its fabric inventory, making it an attractive option for crafters[1][2].
- Hobby Lobby: This chain provides a diverse selection of craft supplies, including affordably priced fabrics ($5.99-$7.99). They offer weekly discounts on select items through their ads[1][4].
- Blick Art Materials: Apart from being an art supply store, Blick also has a collection of fabric and sewing supplies, showcasing deals like Smart-Fab Fabric Sheets[1].
Digital Marketplaces
- Etsy: A great platform for one-of-a-kind or specialty items, Etsy supports independent sellers offering hand-dyed yarn, bulk fabric, and various sewing patterns. However, be vigilant about AI-generated listings[2].
Specialized and Local Options
- Snuggly Monkey: Focuses on needlework supplies, encompassing fabrics, threads, and patterns for embroidery and quilting[2].
- Hearts Fabric: Situated in Santa Cruz, they offer a wide range of garment-making fabrics online[3].
- Burnley and Trowbridge: Provides historical fabrics, notions, and classes, emphasizing historical reproductions[3].
- Renaissance Fabrics: Similar to Burnley and Trowbridge, offering historical fabrics with occasional workshops[3].
- Local and Independent Craft Shops: These stores often carry unique fabrics and supplies, and some may offer second-hand materials at reduced prices[2].
Additional Tricks
- Used Craft and Art Supply Shops: Some local shops offer gently used supplies at discounted prices[2].
- Seek Local Specialty Stores: Locate stores that specialize in specific craft necessities, such as yarn or fabric, which might offer special ordering services[4].
- In a bid to navigate Joann's absence from the industry, various businesses are offering attractive alternatives for crafters and DIY enthusiasts.
- Among the brick-and-mortar heavyweights like Michaels, Hobby Lobby, and Blick Art Materials, expansion in fabric inventory has been noticeable, potentially luring customers away from Joann.
- The e-commerce sector, especially platforms like Etsy, also poses a threat to Joann, catering to one-of-a-kind or specialty items sold by independent sellers.
- Additionally, specialized and local options such as Snuggly Monkey, Hearts Fabric, Burnley and Trowbridge, Renaissance Fabrics, and local independent craft shops may provide unique fabrics and supplies rarely found elsewhere.
- Lastly, options like used craft and art supply shops and seeking local specialty stores for specific craft necessities could prove beneficial in saving costs or sourcing hard-to-find materials, respectively.
