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The Latest Breaking News from JOANN

How Apollo-owned Michaels turned two rivals' bankruptcies into a growth strategy

The arts and crafts retailer leaning on party supplies and fabric to end years of stagnation.

Fortune

Laid off from a corporate job, how a woman used her savings to turn an abandoned store into a $24,000 dream festival

A Southern California events producer, Lauren Tetef, transformed a layoff into an opportunity, investing her savings to launch the Open House Creative Fest. This vibrant two-day event, held in a former craft store, celebrates local artisans and hands-on creativity. With free entry to the market and paid workshops, the festival…

The Economic Times

After being laid off from a corporate job, woman saved $24,000 and turned an abandoned Joann store into a two-day craft festival

After losing her corporate marketing job in 2025, Southern California events producer Lauren Tetef decided to bet on a dream she had long imagined. Over several months, she saved about $24,000 through freelance work and transformed a vacant former Joann fabric store in Torrance, California, into Open House Creative Fest,…

The Times of India

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Michaels moves into party supply sphere and opens DIY bars to customize your big bash

Michaels has also cut in-store birthday parties to $149, including setup and cleanup

The Independent UK

'Tariffs Will Simply Put Us All Out of Business': Trump's Trade War Is Crushing American Crafters

Tariffs are making it more expensive and inconvenient for Americans to explore their creative sides.

Reason

From Economic Anxiety To Embroidery: Millennials Are Leaning Into Their Granny Eras

When the last remaining Joann fabrics stores closed in May this year, one demographic seemed particularly distraught on social media: Millennials. The phenomenon was curious given that most people primarily associate the craft store with pastimes popular with older generations, like knitting and quilting.

Benzinga

Store closures lead to massive 274% spike in retail layoffs in first half of 2025

Macy’s, Joann and CVS are among the major retailers announcing widespread store closures and job losses as the U.S. economy struggles

The Independent UK

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Michaels completes acquisition of Joann's intellectual property and fan-favorite labels

Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels

The Independent UK

Michaels (literally) owns Joann fabrics after craft store buys bankrupt store’s property and brands

Michaels plans to expand its fabric, sewing, and yarn offerings by introducing over 600 new items

The Independent UK

Michaels craft store advertising shows no mercy for Joann closures

Joann, formerly known as Jo-Ann Fabrics, is in the midst of closing all of its 800 stores in 49 states

The Independent UK

How staffing cuts hurried the demise of crafting powerhouse Joann Fabrics

Cost-cutting decisions in a customer-facing industry helped drive customers away.

Fortune

How Joann Fabrics went from a cult-favorite retail darling to a bankruptcy disaster

Generational spending shifts, a leveraged buyout, and a post-pandemic whiff have all contributed to the death of a beloved American institution.

Fortune

Joann’s customers furious over sudden gift card cutoff date ahead of store closures

More bad news for fabric and craft shoppers

The Independent UK

Say it ain't sew: Joann to close stores

The Ohio-based company filed for bankruptcy in January

Salon

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International Business Times

Joann To Close All 800 Stores After Failing To Find Buyer

Joann's stores, website, and mobile app will remain open while the company conducts its going-out-of-business sales. Customers can continue to purchase their favorite products during this time.

The Independent UK

Craft retailer to close all 800 stores after 80 years

The company filed for Chapter 11 bankruptcy protection in January, citing sluggish consumer demand and inventory shortages

Kiplinger

Joann Fabric Stores Are Now Permanently Closed – And Michaels Wants to Win Over Its Customers

All Joann’s stores have officially closed, but some of its most beloved brands are moving to Michaels. Here’s what shoppers need to know.

International Business Times UK

Joann Fabrics Closing Over 500 Stores Nationwide After the Second Bankruptcy Filing Within a Year

Fabrics retailer Joann is closing over 500 of its 800 US stores as management filed for bankruptcy for the second time and looks to sell the company to a potential suitor.

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news in one place.

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Bored Panda

Joann, Fabric And Craft Retailer, Aims To Shut 500 Of Its Stores Across US, DIYers Baffled

The fabric and craft retailer Joann plans to close 500 of its stores across the whole country, as company endures hard times. The post Joann, Fabric And Craft Retailer, Aims To Shut 500 Of Its Stores Across US, DIYers Baffled first appeared on Bored Panda.

International Business Times

Bankrupt Joann Will Close 500 Fabric Stores In US. Here's When Going-Out-Of-Business Sales Begin

Nearly a year after filing for bankruptcy, fabric and retailer store, Joann is shutting down around 500 stores nationwide.

Bored Panda

50 Epic Pumpkins That Won Halloween (New Pics)

Halloween is coming up, which means that we will finally be able to enjoy pumpkins in forms other than just lattes. The post 50 Epic Pumpkins That Won Halloween (New Pics) first appeared on Bored Panda.

WEKU

The arts and crafts giant Joann files for bankruptcy, but stores will remain open

Joann expects to receive $132 million in new financing as part of the bankruptcy agreement. The Ohio-based company will also be delisted from the Nasdaq stock exchange.

Homes & Gardens

Christmas is coming, but you can still save big on the best holiday ornaments

You can score deep discounts on holiday ornaments when you shop the sales at Anthropologie, Pottery Barn, and more

Barchart

3 At-Risk Retail Stocks That Could Follow in WeWork's Footsteps

WeWork just filed for bankruptcy as it continued to post massive losses. Will these three loss-making retail stocks also go under?

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 31, 2022

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