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<div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">US arts and crafts retail chain</div> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">Not to be confused with <a href="/wiki/JoAnne%27s_Bed_and_Back" title="JoAnne's Bed and Back">JoAnne's Bed and Back</a>.</div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951" /><div role="note" class="hatnote navigation-not-searchable">"JoAnn" redirects here. For other uses, see <a href="/wiki/Jo-Ann_(disambiguation)" class="mw-redirect mw-disambig" title="Jo-Ann (disambiguation)">Jo-Ann (disambiguation)</a>.</div> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Jo-Ann Stores, LLC</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:Joann-logo.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/f/fe/Joann-logo.png" decoding="async" width="250" height="63" class="mw-file-element" data-file-width="217" data-file-height="55" /></a></span></td></tr><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:Joann_5-10-24_thumbnail_IMG_8736b.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/0/0b/Joann_5-10-24_thumbnail_IMG_8736b.jpg/250px-Joann_5-10-24_thumbnail_IMG_8736b.jpg" decoding="async" width="250" height="120" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/0/0b/Joann_5-10-24_thumbnail_IMG_8736b.jpg/500px-Joann_5-10-24_thumbnail_IMG_8736b.jpg 1.5x" data-file-width="1764" data-file-height="848" /></a></span><div class="infobox-caption">JOANN Headquarters in Hudson, Ohio</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Trade_name" title="Trade name">Trade name</a></div></th><td class="infobox-data">JOANN</td></tr><tr><th scope="row" class="infobox-label">Formerly</th><td class="infobox-data nickname"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li>Cleveland Fabric Shop (1943–1963)</li><li>Fabri-Centers (1963–1998)</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Privately_held_company" title="Privately held company">Private</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a>: JOAN</td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Retail" title="Retail">Retail</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">1943<span class="noprint">; 82 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1943</span>)</span> in <a href="/wiki/Cleveland,_Ohio" class="mw-redirect" title="Cleveland, Ohio">Cleveland, Ohio</a>, U.S.</td></tr><tr><th scope="row" class="infobox-label">Founders</th><td class="infobox-data agent"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409" /><div class="plainlist"><ul><li>Hilda Reich</li><li>Berthold Reich</li><li>Justin Zimmerman</li><li>Alma Zimmerman</li><li>Sigmund Rohrbach</li><li>Mathilda Rohrbach</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Fate</th><td class="infobox-data"><a href="/wiki/Chapter_11_bankruptcy" class="mw-redirect" title="Chapter 11 bankruptcy">Chapter 11 bankruptcy</a> and <a href="/wiki/Liquidation" title="Liquidation">liquidation</a></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label">5555 Darrow Road, <div class="ib-company-locality locality"><a href="/wiki/Hudson,_Ohio" title="Hudson, Ohio">Hudson, Ohio</a></div>, <div class="ib-company-country country-name">United States</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of locations</div></th><td class="infobox-data">855<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> (2021)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409" /><div class="plainlist"><ul><li>Scott Secella</li><li>Chris DiTullio (<a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a>)</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data"><a href="/wiki/Crafts" class="mw-redirect" title="Crafts">Crafts</a> and <a href="/wiki/Fabrics" class="mw-redirect" title="Fabrics">fabrics</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> <span style="white-space: nowrap"><a href="/wiki/United_States_dollar" title="United States dollar">US$</a>2.7 billion</span> (2021)<sup id="cite_ref-JOAN_Financials_2-0" class="reference"><a href="#cite_note-JOAN_Financials-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> US$154 million (2021)<sup id="cite_ref-JOAN_Financials_2-1" class="reference"><a href="#cite_note-JOAN_Financials-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> US$212 million (2021)<sup id="cite_ref-JOAN_Financials_2-2" class="reference"><a href="#cite_note-JOAN_Financials-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data">US$2.254 billion (2021)<sup id="cite_ref-JoannBK_3-0" class="reference"><a href="#cite_note-JoannBK-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Equity_(finance)" title="Equity (finance)">Total equity</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> US$1.366 billion (2021)<sup id="cite_ref-JOAN_Financials_2-3" class="reference"><a href="#cite_note-JOAN_Financials-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">23,000 (2021)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.joann.com">www<wbr />.joann<wbr />.com</a></span></td></tr></tbody></table> <p><b>Jo-Ann Stores, LLC</b>, (stylized <b>JOANN</b>) is an American specialty retail chain specializing in fabrics and <a href="/wiki/Arts_and_crafts" class="mw-redirect" title="Arts and crafts">arts and crafts</a> supplies. The chain is based in <a href="/wiki/Hudson,_Ohio" title="Hudson, Ohio">Hudson, Ohio</a>, and had operated 800 stores across 49 U.S. states until the beginning of 2025. By the end of February 2025, the company began the process of liquidating all of its stores after failing to obtain a buyer.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Jo-Ann_Stores&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Origin">Origin</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Jo-Ann_Stores&action=edit&section=2" title="Edit section: Origin"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:Henderson_Jo-Ann.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/6f/Henderson_Jo-Ann.jpg/220px-Henderson_Jo-Ann.jpg" decoding="async" width="220" height="142" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/6f/Henderson_Jo-Ann.jpg/330px-Henderson_Jo-Ann.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/6f/Henderson_Jo-Ann.jpg/440px-Henderson_Jo-Ann.jpg 2x" data-file-width="3264" data-file-height="2102" /></a><figcaption>Older Jo-Ann store in <a href="/wiki/Henderson,_Nevada" title="Henderson, Nevada">Henderson, Nevada</a></figcaption></figure> <p>German immigrants Hilda and Berthold Reich, Sigmund and Mathilda Rohrbach, and Justin and Alma Zimmerman opened the Cleveland Fabric Shop in <a href="/wiki/Cleveland" title="Cleveland">Cleveland</a>, Ohio in 1943. After further expansion, the store's name was changed to <i>Jo-Ann Fabrics</i> in 1963. The store's name was created by combining the names of the daughters from both families: Joan and Jacqueline Ann.<sup id="cite_ref-:0_5-0" class="reference"><a href="#cite_note-:0-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>Jo-Ann Fabrics became a publicly held corporation traded on the <a href="/wiki/American_Stock_Exchange" class="mw-redirect" title="American Stock Exchange">American Stock Exchange</a> under the name of <i>Fabri-Centers of America, Inc.</i> in 1969. The company made its first acquisition with the purchase of Cloth World, a 342-store southern company, in 1994. At the time of the acquisition, Fabri-Centers operated 655 stores.<sup id="cite_ref-:0_5-1" class="reference"><a href="#cite_note-:0-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>In 1997, Fabri-Centers settled for $3.3 million on federal charges that it had misled investors in 1992 by overstating its earnings before it sold securities. CEO Alan D. Rosskamm, grandson of Hilda and Berthold Reich, settled a related administrative complaint as well.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-:0_5-2" class="reference"><a href="#cite_note-:0-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>Fabri-Centers acquired House of Fabrics, which also previously operated as Fabricland, Fabric King, and So-Fro Fabrics, in 1998.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> In September 1998, the company changed its name to Jo-Ann Stores Inc.,<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> and all of its stores were renamed Jo-Ann Fabrics. </p><p>Darrell Webb became chairman and CEO of Jo-Ann Fabrics in March 2006.<sup id="cite_ref-:0_5-3" class="reference"><a href="#cite_note-:0-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>Jo-Ann Stores announced plans to sell out to private equity firm <a href="/wiki/Leonard_Green_%26_Partners" title="Leonard Green & Partners">Leonard Green & Partners</a> for $1.6 billion on March 23, 2010, and was delisted from the stock exchange in March 2011.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> Darrell Webb resigned in March 2011 and Travis Smith was promoted to CEO after joining the company in March 2006.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> Travis Smith announced his resignation in March 2014. The company's CFO, Jim Kerr, agreed to become CEO until a replacement was found.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p><p>Jo-Ann stores named <a href="/wiki/Jill_Soltau" title="Jill Soltau">Jill Soltau</a> as president, chief executive officer and a member of the company board of directors in March 2015.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> Under Soltau's leadership, the retailer opposed <a href="/wiki/Donald_Trump" title="Donald Trump">President Trump's</a> tariffs citing American manufacturers not being able to meet Jo-Ann's quality or volume needs.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> She joined seven other retail CEOs at a meeting with the administration where they discussed how the tariff would raise consumer prices and hurt businesses.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> Jo-Ann Stores rebranded to <i>Joann</i> in March 2018 as a way to move beyond fabrics and encompass more craft.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> </p><p>Soltau left Jo-Ann Stores in March 2018. <a href="/wiki/Wade_Miquelon" title="Wade Miquelon">Wade Miquelon</a> became president, CEO, and a member of the board of directors in March 2019.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> </p><p>In March 2019, Jo-Ann partnered with <a href="/wiki/GoldieBlox" title="GoldieBlox">GoldieBlox</a> for a monthly subscription box called the GoldieBlox Box to help children ages 8 and up to develop STEM skills.<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="COVID-19_pandemic">COVID-19 pandemic</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Jo-Ann_Stores&action=edit&section=3" title="Edit section: COVID-19 pandemic"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Prior to the <a href="/wiki/COVID-19_pandemic" title="COVID-19 pandemic">COVID-19 pandemic</a>, the chain lost $546.6M in its 2019 fiscal year. However, by the end of the 2020 fiscal year, it made $210.9M to $212.9M and added 9 million new customers. The increase in sales is credited to mask mandates and an increased interest in do-it-yourself projects.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (April 2021)">citation needed</span></a></i>]</sup> In March 2021, Jo-Ann made plans to create an e-commerce facility in <a href="/wiki/West_Jefferson,_Ohio" title="West Jefferson, Ohio">West Jefferson</a>, Ohio to better serve its online sales.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> </p><p>On March 16, 2021, Jo-Ann went public on the <a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a> stock exchange under the ticker symbol JOAN.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> Leonard Green & Partners retained a majority stake in the company, allowing it to nominate up to five members of the <a href="/wiki/Board_of_directors" title="Board of directors">board of directors</a>.<sup id="cite_ref-:2_22-0" class="reference"><a href="#cite_note-:2-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading4"><h4 id="COVID-19_lockdown_controversy">COVID-19 lockdown controversy</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Jo-Ann_Stores&action=edit&section=4" title="Edit section: COVID-19 lockdown controversy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>During the <a href="/wiki/COVID-19_pandemic" title="COVID-19 pandemic">COVID-19 pandemic</a>, Jo-Ann received public criticism for keeping many of their stores open amidst health concerns for elderly customers and refusing paid sick leave for employees affected by COVID-19.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> Jo-Ann defended themselves in a statement by claiming that their free mask kits helped local hospitals, which allowed the stores to be considered "essential business",<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> despite many hospitals rejecting homemade masks.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Michigan" title="Michigan">Michigan</a>'s governor, <a href="/wiki/Gretchen_Whitmer" title="Gretchen Whitmer">Gretchen Whitmer</a>, forced stores to close down in the state after Jo-Ann sent a letter requesting to not be included in stay-at-home orders. Whitmer stressed that the same materials used to create masks are able to be sold online without in-person contact.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> Most of the materials used in the free mask kits were later revealed to be <a href="https://en.wiktionary.org/wiki/remnant" class="extiw" title="wikt:remnant">remnants</a>, which are often sold by Jo-Ann at a discount, leading some media outlets to disparage the program as "just scraps from the clearance bin".<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Bankruptcies_and_liquidation">Bankruptcies and liquidation</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Jo-Ann_Stores&action=edit&section=5" title="Edit section: Bankruptcies and liquidation"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:JoAnn_OKC.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/8/84/JoAnn_OKC.jpg/170px-JoAnn_OKC.jpg" decoding="async" width="170" height="302" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/8/84/JoAnn_OKC.jpg/255px-JoAnn_OKC.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/8/84/JoAnn_OKC.jpg/340px-JoAnn_OKC.jpg 2x" data-file-width="1686" data-file-height="2997" /></a><figcaption>A Joann store with a going out of business sign in <a href="/wiki/Oklahoma_City" title="Oklahoma City">Oklahoma City</a>.</figcaption></figure> <p>In September 2023, Jo-Ann announced it would lay off an unspecified number of administrative employees.<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> In October 2023, <a href="/wiki/Fitch_Ratings" title="Fitch Ratings">Fitch Ratings</a> and CreditRiskMonitor reported that Joann was nearing a potential <a href="/wiki/Chapter_11_bankruptcy" class="mw-redirect" title="Chapter 11 bankruptcy">Chapter 11 bankruptcy</a> filing.<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup> That month, Joann was handed a delisting notice from Nasdaq as its stock share price fell below $1 per share, and stated that if Joann was unable to get its shares up to $1 or above, its stock would be delisted from the Nasdaq.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup> </p><p>Jo-Ann filed for Chapter 11 bankruptcy protection on March 18, 2024.<sup id="cite_ref-JoannBK_3-1" class="reference"><a href="#cite_note-JoannBK-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> The company planned to cut over $500 million in debt and restructure into a privately held company. It planned to complete its filing by late April with no employees or stores affected.<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup> Nasdaq halted the trading of the company's stock on March 28, and on April 9, Jo-Ann was formally delisted from the exchange.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> The company's reorganization plan was approved by a federal judge on April 25, and Jo-Ann emerged from bankruptcy as a private company.<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> </p><p>On January 15, 2025, Joann filed for Chapter 11 bankruptcy protection for the second time in less than a year.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup> The company cited continued declining sales as a contribution to its second filing. Stores were expected to remain open throughout the procedure as the company attempts to shed its debt by $500 million.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup> </p><p>On February 12, 2025, Joann announced the closure of 500 of its remaining 800 locations, in an effort to "right-size" the company's footprint. <sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup> 61 of the locations slated for closure are in <a href="/wiki/California" title="California">California</a>, while <a href="/wiki/Florida" title="Florida">Florida</a>, <a href="/wiki/Michigan" title="Michigan">Michigan</a>, <a href="/wiki/Ohio" title="Ohio">Ohio</a>, and <a href="/wiki/Pennsylvania" title="Pennsylvania">Pennsylvania</a> will each see more than 30 Jo-Ann locations close.<sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup> On February 24, 2025, it was announced that Joann would liquidate the remaining 300 locations after failing to find a buyer. Its assets will be sold to GA Group, a private equity-firm.<sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup> </p> <div style="clear:both;" class=""></div> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Jo-Ann_Stores&action=edit&section=6" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.bizjournals.com/columbus/news/2018/06/13/craft-retailer-emphasizing-sharing-technology-in.html">"Craft retailer emphasizing sharing, technology in new test store"</a>. <i>www.bizjournals.com</i>. 13 June 2018<span class="reference-accessdate">. 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Retrieved <span class="nowrap">2 July</span> 2011</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+New+York+Times&rft.atitle=Leonard+Green+Offers+%241.6+Billion+for+Jo-Ann+Stores&rft.date=2011-12-23&rft.aulast=Carter&rft.aufirst=Adrienne&rft.au=Cane%2C+Jeffrey&rft_id=https%3A%2F%2Fdealbook.nytimes.com%2F2010%2F12%2F23%2Fleonard-green-offers-1-6-billion-for-jo-ann-stores%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AJo-Ann+Stores" class="Z3988"></span></span> </li> <li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFCho2014" class="citation web cs1">Cho, Janet H. 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April 25, 2024<span class="reference-accessdate">. Retrieved <span class="nowrap">April 25,</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Akron+Beacon+Journal&rft.atitle=Hudson-based+Joann+to+emerge+from+bankruptcy+as+private+company%3B+all+stores+will+stay+open&rft.date=2024-04-25&rft_id=https%3A%2F%2Fwww.beaconjournal.com%2Fstory%2Fnews%2F2024%2F04%2F25%2Fhudson-based-joann-to-emerge-as-private-company-after-bankruptcy%2F73459179007%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AJo-Ann+Stores" class="Z3988"></span></span> </li> <li id="cite_note-36"><span class="mw-cite-backlink"><b><a href="#cite_ref-36">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.reuters.com/business/retail-consumer/craft-retailer-joann-files-bankruptcy-second-time-year-2025-01-15/">"Craft retailer Joann files for bankruptcy for second time in a year"</a>. <i>Reuters</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2025-01-21</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Reuters&rft.atitle=Craft+retailer+Joann+files+for+bankruptcy+for+second+time+in+a+year&rft_id=https%3A%2F%2Fwww.reuters.com%2Fbusiness%2Fretail-consumer%2Fcraft-retailer-joann-files-bankruptcy-second-time-year-2025-01-15%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AJo-Ann+Stores" class="Z3988"></span></span> </li> <li id="cite_note-37"><span class="mw-cite-backlink"><b><a href="#cite_ref-37">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFRandles2025" class="citation web cs1">Randles, Jonathan (January 15, 2025). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2025-01-15/crafts-retailer-joann-files-second-bankruptcy-in-a-year-m5xlefo6?embedded-checkout=true">"Crafts Retailer Joann Files Second Bankruptcy in A Year"</a>. <i>Bloomberg</i><span class="reference-accessdate">. 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Bankruptcy Filing"</a>. <i>bankruptcyobserver.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2025-01-21</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=bankruptcyobserver.com&rft.atitle=JOANN+INC.+Bankruptcy+Filing&rft_id=https%3A%2F%2Fwww.bankruptcyobserver.com%2Fbankruptcy-case%2Fjoann-1R&rfr_id=info%3Asid%2Fen.wikipedia.org%3AJo-Ann+Stores" class="Z3988"></span></span> </li> <li id="cite_note-39"><span class="mw-cite-backlink"><b><a href="#cite_ref-39">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFValinsky2025" class="citation web cs1">Valinsky, Jordan (February 12, 2025). <a rel="nofollow" class="external text" href="https://edition.cnn.com/2025/02/12/business/joann-fabric-closures/index.html">"Joann, the bankrupt fabrics retailer, is closing 500 of its 800 stores"</a>. <i>CNN</i><span class="reference-accessdate">. Retrieved <span class="nowrap">February 12,</span> 2025</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=CNN&rft.atitle=Joann%2C+the+bankrupt+fabrics+retailer%2C+is+closing+500+of+its+800+stores&rft.date=2025-02-12&rft.aulast=Valinsky&rft.aufirst=Jordan&rft_id=https%3A%2F%2Fedition.cnn.com%2F2025%2F02%2F12%2Fbusiness%2Fjoann-fabric-closures%2Findex.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AJo-Ann+Stores" class="Z3988"></span></span> </li> <li id="cite_note-40"><span class="mw-cite-backlink"><b><a href="#cite_ref-40">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFSergent" class="citation web cs1">Sergent, Mary Walrath-Holdridge and Jim. <a rel="nofollow" class="external text" href="https://www.usatoday.com/story/money/2025/02/12/joann-fabric-store-closings/78469056007/">"Joann closing 500 fabric and craft stores in 49 states: Search full list of closures"</a>. <i>USA TODAY</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2025-02-12</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=USA+TODAY&rft.atitle=Joann+closing+500+fabric+and+craft+stores+in+49+states%3A+Search+full+list+of+closures&rft.aulast=Sergent&rft.aufirst=Mary+Walrath-Holdridge+and+Jim&rft_id=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fmoney%2F2025%2F02%2F12%2Fjoann-fabric-store-closings%2F78469056007%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AJo-Ann+Stores" class="Z3988"></span></span> </li> <li id="cite_note-41"><span class="mw-cite-backlink"><b><a href="#cite_ref-41">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite id="CITEREFKnauth2025" class="citation web cs1">Knauth, Dietrich (February 24, 2025). <a rel="nofollow" class="external text" href="https://www.reuters.com/business/retail-consumer/bankrupt-crafts-retailer-joann-closing-all-stores-2025-02-24/">"Bankrupt crafts retailer Joann closing all stores"</a>. <i>Reuters</i><span class="reference-accessdate">. Retrieved <span class="nowrap">February 24,</span> 2025</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Reuters&rft.atitle=Bankrupt+crafts+retailer+Joann+closing+all+stores&rft.date=2025-02-24&rft.aulast=Knauth&rft.aufirst=Dietrich&rft_id=https%3A%2F%2Fwww.reuters.com%2Fbusiness%2Fretail-consumer%2Fbankrupt-crafts-retailer-joann-closing-all-stores-2025-02-24%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AJo-Ann+Stores" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Jo-Ann_Stores&action=edit&section=7" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a rel="nofollow" class="external text" href="http://www.joann.com">Jo-Ann Home Page</a></li> <li><a rel="nofollow" class="external text" href="https://www.bloomberg.com/profile/company/JAS:US">Corporate Profile</a> at <a href="/wiki/Bloomberg_News" title="Bloomberg News">Bloomberg News</a></li></ul> <div class="navbox-styles"><style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul ol,.mw-parser-output .hlist ul ul{display:inline}.mw-parser-output .hlist .mw-empty-li{display:none}.mw-parser-output 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style="font-size:114%;margin:0 4em"><a href="/wiki/Leonard_Green_%26_Partners" title="Leonard Green & Partners">Leonard Green & Partners</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Current</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1.5em;">Consumer products</th><td class="navbox-list-with-group navbox-list navbox-odd" style="padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Lucky_Brand_Jeans" title="Lucky Brand Jeans">Lucky Brand Jeans</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1.5em;">Transportation</th><td class="navbox-list-with-group navbox-list navbox-even" style="padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/AerSale" title="AerSale">AerSale</a></li></ul> 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Health">IMS Health</a></li> <li><a href="/wiki/Sports_Authority" title="Sports Authority">Sports Authority</a></li> <li><a href="/wiki/Thrifty_Drug_Stores" class="mw-redirect" title="Thrifty Drug Stores">Thrifty Drug Stores</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table></div>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?useformat=desktop&type=1x1&usesul3=0" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikipedia.org/w/index.php?title=Jo-Ann_Stores&oldid=1282007793">https://en.wikipedia.org/w/index.php?title=Jo-Ann_Stores&oldid=1282007793</a>"</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="/wiki/Help:Category" title="Help:Category">Categories</a>: <ul><li><a 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