Fabric Outlet Joan will close all 800 locations after failing to find a buyer to keep the store open.
In a statement, the company said it would launch non-business sales nationwide as a provision for groups that acquired assets at auctions.
“Joanne’s leadership, our board of directors, advisors and legal partners have made every effort to pursue a more favorable outcome that keeps the company in business,” the company said. “We are committed to working with successful bidders constructively to ensure orderly operations that minimize the impact on all stakeholders. Over 80 years.”
Joan was founded as the Cleveland Fabric Shop by German immigrants during World War II. At one point, it was the largest fabric retailer in the United States.
The company was published in 2010, but was listed within a year. It has experienced a brief revival thanks to the home-based craft boom during the pandemic. Joan was re-opened in 2021, but by 2023 sales had stagnated and the first bankruptcy proceedings were filed in 2024.
When Joan filed for Chapter 11 bankruptcy protection in January, he listed around 19,000 employees part-time.
The company has posted extensive FAQs on its website with details on sales outside of business.
