Joanns closing - 10 things to know with detail
- 1. Joanns, a popular fabric and craft store chain, announced the closure of 76 stores in 2021 as part of a restructuring plan.
- 2. The closures are expected to affect stores in 23 states, with locations in California, Ohio, and Texas being particularly impacted.
- 3. Joanns cited the impact of the COVID-19 pandemic as a major factor in the decision to close these stores, as well as changing consumer shopping habits.
- 4. The company plans to focus on its online presence and smaller, more profitable stores moving forward.
- 5. Joanns has been in business for over 75 years and has become a go-to destination for crafters and DIY enthusiasts.
- 6. The closures are part of a larger trend of brick-and-mortar stores struggling to compete with online retailers and changing consumer preferences.
- 7. Customers who frequent the affected Joanns stores may need to find alternative locations or shop online for their crafting supplies.
- 8. Joanns is offering discounts and promotions at closing stores to help clear out inventory before they shut their doors for good.
- 9. The closures are expected to result in job losses for store employees, with some being offered the opportunity to transfer to other locations.
- 10. Despite the closures, Joanns will continue to operate over 850 stores nationwide, as well as its e-commerce platform, providing customers with a variety of options for purchasing craft supplies.