Jo-Ann Stores, LLC, better known as JOANN, is an American retail chain with a rich history in fabrics and arts and crafts supplies. Founded by German immigrants in 1943 in Cleveland, Ohio, the store’s name was inspired by the founders’ daughters, Joan and Jacqueline Ann. Over the years, the company experienced growth, acquisitions, and changes in leadership, eventually becoming a publicly held corporation in 1969.
Despite some legal challenges and ownership changes, Jo-Ann continued to expand and evolve its offerings. The company rebranded as Joann in 2018 to encompass a broader range of craft supplies beyond just fabrics. However, the company faced financial difficulties, ultimately filing for Chapter 11 bankruptcy protection in 2024.
While Joann saw a resurgence in sales during the COVID-19 pandemic, the company’s financial struggles persisted, leading to a second bankruptcy filing in 2025. This time, Joann made the decision to close hundreds of stores and ultimately liquidate its remaining locations.
Through all the ups and downs, Joann Stores has remained a staple in the retail industry, known for its wide selection of fabrics, crafting materials, and DIY project inspiration. As the company continues to navigate challenges and changes, it stands as a testament to resilience and adaptability in the ever-evolving retail landscape.
Attribution:
This article was summarized and republished from the original source.
Please check the original article here: https://en.wikipedia.org/wiki/Jo-Ann_Stores.