Popular Craft Retailer with 25 Indiana Locations Closing 500 Stores

I can honestly say that I have been to Joann Crafts and Fabrics one time this year. Turns out my $10 purchase did not save the company from filing for bankruptcy. It did help me bedazzle a microphone.

Bankruptcy Doesn't Always Mean Closing Forever

As soon as we hear about a business declaring bankruptcy, we just assume that the next announcement will be that they are closing forever. Chapter 11 allows a company time to restructure and follow a plan so that that can stay in business. This is the second time in a year that Joann Crafts and Fabrics has filed for bankruptcy.

via GIPHY

Stores Closing in 49 States

Indiana will be losing most of the Joann stores, with closing sales beginning soon. Out of the 25 locations in Indiana, Evansville is not currently on the list to close. Stores in Vincennes and Jasper are set to close.

What Can Customers Expect?

If you are an avid crafter, and I know that we have a lot of makers here in Southern Indiana, you might have questions about this announcement. Here's what we know:

• Gift cards are still accepted.
• Joann Rewards and all other customer programs are continuing as usual.
• Joann's return policies remain the same.
• The online store is still an option Joann.com as well as the Joann mobile app.

What is bankruptcy? What happens in a bankruptcy case?

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