- Joann Fabrics is closing over half of its stores nationwide, including 26 in Illinois.
- The closures are part of the company’s second bankruptcy filing in a year.
Bad news for fans of the fabrics and crafts store Joann, which announced on Feb. 12 in their bankruptcy filing to close more than half of all locations across the United States,
Joann Fabrics released a list of 500 of its 850 stores to close down; 26 Illinois locations made the list. The date for when stores will shutter doors has not been released to the public yet.
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Following the closures, only 350 Joann fabrics will exist across all 50 states.
What Illinois locations are closing?
- 2391 County Line Road, Algonquin
- 373 E. Palatine Road, Arlington Heights
- 362 W. Army Trail Road Suite 230, Bloomingdale
- 1332 E. Main St., Carbondale
- 722 West Town Center Blvd., Champaign
- 2639 N. Elston Ave., Chicago
- 555 W. Roosevelt Road, Chicago
- 20 Countryside Plaza, Countryside
- 4917 Cal Sag Road, Crestwood
- 2917 North Vermillion Suite C17, Danville
- 1611 South West Ave., Freeport
- 1920 N. Henderson Sts, Galesburg
- 714 Commons Drive, Geneva
- 2741 Plainfield Road, Joliet
- 700 Broadway East, Mattoon
- 3310 Shoppers Drive, McHenry
- 3911 16th St., Moline
- 526 S. State Route 59, Naperville
- 8245 W. Golf Road, Niles
- 4514 N. Harlem Ave., Norridge
- 15752 S. La Grange Road, Orland Park
- 3940 Route 251 Suite A1, Peru
- 425 N. 32nd St., Quincy
- 3201 East Lincolnway, Sterling
- 413 N. Milwaukee Ave. Unit 500, Vernon Hills
- 36 Danada Sq. W, Wheaton
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From craft giant, to barely glued together
The closures can be traced back to when the retailing giant first filed for bankruptcy in March 2024. The craft company then secured around $132 million in new financing to put towards its $1 billion debt. Then, the craft giant restructured into a private company, delisting from the U.S. stock exchange.
Less than a year first filing bankruptcy, in the first two weeks of January this year Joann closed more than eight stores across Iowa, North Carolina, Maryland, Pennsylvania, New York and Massachusetts before filing a second time for Chapter 11 bankruptcy the same month to “facilitate a sale process to maximize the value of its business.”
Claire Grant writes about business, growth and development and other news topics for The State Journal-Register. She can be reached at [email protected]; and on X (Formerly known as Twitter): @Claire_Granted
