Joann is closing 500 fabric stores in US. Are Sacramento-area shops on the chopping block?
A popular fabric store chain is closing hundreds of stores across the nation — and some Sacramento-area locations are on the chopping block.
Jo-Ann Stores, better known as Joann, will close approximately 500 stores in the United States.
The company announced in January that it would file for Chapter 11 bankruptcy to “facilitate a sale process to maximize the value of its business”.
“The last several years have presented significant and lasting challenges in the retail environment, which, coupled with our current financial position and constrained inventory levels, forced us to take this step,” Joann interim CEO Michael Prendergast said in a January news release. “After carefully reviewing all available strategic paths, we have determined that initiating a court-supervised sale process is the best course of action to maximize the value of the business.”
On Wednesday, the company filed a motion seeking court authority to begin closing stores after “carefully reviewing all available strategic paths to address our ongoing industry, economic and financial challenges.”
“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 spokesperson for Joann said in a statement. “A careful analysis of store performance and future strategic fit for the company determined which stores should remain operating as usual at this time.”
Here’s what to know:
What is Joann Fabric & Crafts?
Joann Fabric and Crafts was founded in Hudson, Ohio, in 1943, according to the company’s website.
The retail chain advertises itself as “your one-stop shop for sewing, knitting, crocheting, crafting and decorating your home for every season.”
Joann said it operates approximately 850 stores in a total of 49 states.
Which Sacramento-area locations are closing?
In total, there are seven Joann stores in the Sacramento region.
Six stores in the Sacramento area will be shutting their doors, according to Joann. The company did not give a timeline indicating when those locations will close.
Here’s where the closing stores are located:
Citrus Heights: 5489 Sunrise Blvd.
Folsom: 1010 East Bidwell St.
Elk Grove: 8509 Bond Road
Sacramento: 3130 Arden Way
Vacaville: 2051 Harbison Drive
Woodland: 375 W Main St., Suite E
Which Sacramento-area location will remain open?
One one Joann location in the Sacramento area will remain open.
Joann is at 5811 Five Star Blvd. in Roseville, inside of the Fairway Commons shopping center.