US craft store chain Joann Fabric is closing all its 800 locations after being in business for 82 years, citing financial struggles. The company’s demise marks the end of a beloved destination for DIY and crafting enthusiasts. Many customers blame poor management decisions and private equity ownership for the decline in quality and selection.
Source: https://www.washingtonpost.com/business/2025/02/24/joann-stores-closing-bankrupcy