THREAD: joann fabrics shocker

RETAIL MELTDOWN: Joann Fabrics Bankruptcy Leaves Loyal Shoppers Stunned

13 May 2025 — Joann Fabrics has filed for bankruptcy and plans to shut down around 500 stores nationwide. The company is drowning in nearly $1 billion of debt and is now scrambling to survive. This move shows just how tough things are for brick-and-mortar retailers right now.

Many shoppers are shocked by Joann’s collapse. It highlights the shaky ground that many traditional stores stand on today. While some familiar chains struggle, a few big companies are still doing well.

Disney, for example, just reported a $2.36 billion profit this quarter — a 7% jump — thanks to packed theme parks and more people streaming at home. The gap between Joann’s troubles and Disney’s success reveals how much shopping habits have changed since COVID-19.

This uneven recovery means Main Street businesses could face even more trouble ahead as Americans keep changing where — and how — they spend their money.

RETAIL CHAOS Rocks Main Street: Joann Bankruptcy Stuns Shoppers, Disney Soars, Dollar General Surges

13 May 2025 — Joann Fabrics just filed for Chapter 11 bankruptcy and plans to shut down 500 stores across the country. The company is drowning in $1 billion of debt as it hopes a sale will keep it afloat. This marks another blow to old-school retailers who can’t keep up with shifting shopping habits and rising costs.

Meanwhile, Disney posted a huge quarterly profit of $2.36 billion — a jump of 7% from last year. Packed theme parks and booming streaming services helped Disney beat Wall Street’s predictions even while the economy stays shaky.

Dollar General is bucking the trend by predicting more growth ahead. While Joann Fabrics closes its doors, this discount chain expects to thrive as shoppers hunt for bargains during tough times.

These changes reveal a split in America’s economy — traditional retailers are struggling while entertainment giants like Disney and budget chains like Dollar General find new ways to win over customers.;

JOANN FABRICS Shocker: Heartbreaking Store Closures Hit 2025

11 May 2025 — Joann Fabrics will shut down about 500 of its 850 U.S. locations in 2025 after filing for bankruptcy again. The company is drowning in $1 billion of debt and has failed to recover as a private business.

Florida will lose around 35 Joann stores, making it one of the worst-hit states. To survive, Joann is trying to bring in new shoppers by selling gaming merchandise and old-school game consoles.

This isn’t just about Joann. Big retailers all over the country are closing doors. Advance Auto Parts plans to shut more than 700 locations by mid-2025. Experts warn that up to 15,000 U.S. stores could close next year — twice as many as this year.

These closures show how tough things are for specialty and department store chains right now. High costs, changing shopping habits, and fierce online competition are pushing many longtime businesses out of the market.

JOANN INC Shutters After Bankruptcy: A Heartbreaking End

25 February 2025 — Joann Inc, a beloved fabric and crafts retailer, is closing all its stores after 80 years. Based in Hudson, Ohio, the company faced financial trouble leading to a second bankruptcy filing in January. Despite earlier promises to keep locations open, Joann is now holding “going-out-of-business” sales nationwide.

The pandemic initially boosted Joann’s business as DIY projects became popular. However, their restructuring plans failed to stabilize finances. As a result, Joann filed for Chapter 11 bankruptcy protection for the second time within a year.

Joann’s leadership expressed disappointment over this outcome despite efforts to find better solutions. They worked with advisors and legal partners but couldn’t stop the closures. The company now awaits court approval to start liquidation sales at all store locations immediately.