Joann closing 11 stores across region amid bankruptcy proceedings

A well-known sewing and fabric company could begin closing hundreds of stores as soon as Saturday, Feb. 15, including many on the Gulf Coast. Joann, which filed for Chapter 11 bankruptcy in January, announced Feb. 12 that it planned to shutter certain stores based on performance.

“As part of the ongoing Chapter 11 process and our efforts to maximize the value of the business, Joann has filed a motion seeking court authority to begin closing approximately 500 stores across the nation,” Joann says in a statement. “This was a very difficult decision to make, given the major impact we know it will have on our team members, our customers and all of the communities we serve. A careful analysis of store performance and future strategic fit for the company determined which stores should remain operating as usual at this time. Right-sizing our store footprint is a critical part of our efforts to ensure the best path forward for Joann.”

The company has more than 800 stores across 49 states, according to a statement from Joann. A hearing is set for Friday, Feb. 14, at which point a judge can rule on whether the company can begin closing stores. Subject to court approval, Joann says it expects going-out-of-business sales to begin at the affected stores the next day and continue for several months.