What has been the go-to store for most when it comes to arts and crafts will be no more now that the brand is looking to close multiple locations in the wake of a bankruptcy filing.

Brands Dealing With Closures

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While the calendar may have flipped to a new year, last year's finances are still an issue for some major brands, which all are seeing a variety of closures and downsizing this year.

Some of the brands suffering this year include:

  • Macy's
  • Foot Locker
  • Advance Auto Parts
  • Party City

Experts at Economic Intelligence say that inflation should be easing up in 2025, but even if that's the case, consumer confidence will still be considered "weak."

Craft Store Announces Store Closings After Bankruptcy Filing

There was a time before stores like Michaels or Hobby Lobby came into the craft store game, a time when one lone giant ran the arts and craft store world.

With aisle after aisle of fabrics, stationery, and every other craft supply you'd need, JoAnn Fabrics has been an iconic spot for crafters since the 1960s.

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Unfortunately, about a year ago, JoAnn Fabrics filed for a Chapter 11 bankruptcy due to "declining sales." At the time, the chain had over 800 locations. A month after, the exited bankruptcy, hoping to have a new lease on the arts and crafts industry, but now they're closing stores, so things are not going to plan.

Which Locations Are Closing?

According to The Street, JoAnn will be closing these locations:

Iowa
Burlington

Maryland
Owings Mills
Cockeysville

Massachusetts
Holyoke

New York
Ithaca

North Carolina
Hickory

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Pennsylvania
Hermitage
Williamsport

Closing dates vary by store. Multiple will close on January 19th, but others may close the day prior. Check your store for their final date.

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