Joann Fabrics Closing Down Sale | Shop Fabric, Yarn & Crafts at Michaels

About Joann Fabrics

Joann Fabrics (formerly Jo-Ann Fabrics, founded in 1943) was for over 80 years one of the largest fabric and craft retailers in the United States, with around 800 stores across 49 states. The chain was a long-standing destination for fabric by the yard, sewing supplies, yarn, quilting cotton, sewing machines, home decor and seasonal craft materials.

Did Joann Fabrics Close?

Yes. Joann filed for Chapter 11 bankruptcy for the second time in less than a year on January 15, 2025. After failing to find a buyer to keep the business operating, the company was sold at auction to GA Group, which proceeded to wind down the entire chain. The first 255 stores closed by the end of April 2025, and the remaining 535 locations closed by May 30, 2025 — a day ahead of the planned closing schedule. Joann.com no longer accepts online orders and now redirects to Michaels.

Why Did Joann Fabrics Close?

Joann faced a combination of pressures: a sales decline after the pandemic-driven crafting boom faded, a heavy debt load following its 2011 leveraged buyout by Leonard Green & Partners, intensifying competition from Hobby Lobby, Michaels and Amazon, and inconsistent inventory deliveries from suppliers in the months leading up to the second bankruptcy. The company emerged from a first Chapter 11 filing in April 2024 as a private entity but was unable to stabilize, leading to the January 2025 refiling and full liquidation.

Michaels Acquires Joann's Brands

On June 5, 2025, The Michaels Companies, Inc. completed its acquisition of Joann's intellectual property and private label brands. The deal includes development rights to Joann's Big Twist yarn line — covering Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear — alongside more than 600 fabric, sewing, quilting and yarn products being added across the Michaels portfolio. Michaels did not acquire any of Joann's physical store locations.

Where to Buy Joann Fabrics Now

Former Joann customers can now shop the same categories at Michaels, both online at michaels.com and in over 1,300 stores across the U.S. and Canada. Michaels has expanded its fabric assortment to include nearly 100,000 fabric styles online — up from roughly 10,000 earlier in 2025 — and has rolled out fabric sections to over 680 stores with another 280 stores being added this year. The dedicated Michaels x Joann landing page is the easiest starting point for finding direct equivalents to former Joann favorites.

Fabric & Yarn Alternatives

Beyond Michaels, fabric and yarn shoppers can also find supplies at Hobby Lobby, online specialty fabric retailers, Amazon, Walmart, and independent quilt and craft stores. For Big Twist yarn specifically, Michaels is the new home — the brand is being relaunched as part of the Michaels yarn portfolio alongside Loops & Threads, Bernat, Lion Brand and Red Heart.

Joann Yarn, Sewing & Quilting Supplies

The Joann yarn range — including the popular Big Twist line — is being absorbed into the Michaels assortment. Sewing supplies, quilting cottons, sewing machines, threads, interfacings, stabilizers, buttons, ribbons, batting and notions are all available through Michaels, which has been actively expanding these categories in response to a 77% year-over-year increase in fabric searches and a 39% rise in sewing-related searches on its website.

Joann Closure Timeline

March 2024First Chapter 11 bankruptcy filing. Joann completed restructuring in April 2024 and emerged as a private company.
January 15, 2025Second Chapter 11 bankruptcy filing. The company announced it was seeking court approval to sell substantially all of its assets.
February 2025Joann announced the closure of approximately 500 stores, then later confirmed all 800+ locations would close after no buyer emerged to continue operations.
April 28, 2025112 Joann stores closed in a single day as part of the first wave of 255 location closures.
May 30, 2025The final remaining Joann stores closed permanently — one day ahead of the planned closing schedule. Joann.com stopped accepting orders.
June 5, 2025The Michaels Companies, Inc. announced the completed acquisition of Joann's intellectual property and private label brands, including Big Twist yarn.

Frequently Asked Questions

Are all Joann stores closed?

Yes. All 800+ Joann fabric stores across 49 states are permanently closed. The final group of locations shut their doors on May 30, 2025. There are no Joann stores still open anywhere in the United States.

Is Joann Fabrics still open?

No. Joann Fabrics is no longer operating. The retail chain ceased operations at the end of May 2025, and Joann.com no longer accepts online orders — the website now redirects to a Michaels welcome page for former Joann customers.

Did Michaels buy Joann fabrics?

Michaels did not buy the Joann fabric stores or operating company. On June 5, 2025, The Michaels Companies acquired Joann's intellectual property and private label brands — including the Big Twist yarn line — but did not acquire any physical Joann store locations. The stores were closed and liquidated separately by GA Group, which won the auction for Joann's assets.

Why did Joann fabrics close?

Joann's closure followed a sustained sales decline after the pandemic-era crafting boom, a heavy debt load from its 2011 private equity buyout, intensifying competition from Hobby Lobby, Michaels and online retailers, and inconsistent supplier deliveries in the months before its second bankruptcy. After filing for Chapter 11 in January 2025 — its second filing in under a year — Joann was unable to find a buyer willing to keep the business running, and its assets were sold at auction to liquidators.

Where can I buy fabric now that Joann has closed?

Michaels has significantly expanded its fabric assortment, offering nearly 100,000 fabric styles online and stocking fabric in over 680 stores with another 280 stores being added during 2025. Other options include Hobby Lobby, independent quilt shops, online specialty fabric retailers, Amazon and Walmart.

What happened to Big Twist yarn?

Big Twist yarn — including Big Twist Value Plus, Big Twist Twinkle, Big Twist Posh and Big Twist Baby Bear — was acquired by Michaels as part of the June 2025 IP deal. The brand is being developed as part of the Michaels portfolio and is being rolled out in stores and online throughout the year.

Is there a Joann store near me still open?

No. There are no Joann stores still open in any location. All Joann stores nationwide closed permanently by May 30, 2025. Former Joann shoppers looking for a fabric or craft store nearby can find their nearest Michaels store using the store locator on michaels.com — Michaels operates over 1,300 stores across all 49 contiguous states and Canada.

Will Joann's website come back?

Joann.com no longer functions as a shopping site. The domain currently redirects visitors to a Michaels-hosted welcome page that helps former Joann customers find equivalent products at Michaels. Michaels acquired the Joann brand name and trademarks but has not announced plans to relaunch Joann as a standalone retail business.

Does Michaels sell the same fabric as Joann?

Michaels stocks many of the same fabric categories Joann customers are familiar with, including quilting cotton, broadcloth, fleece, flannel, apparel fabric and home decor fabrics. The retailer added more than 600 fabric, sewing and yarn products following the Joann acquisition and has confirmed it will continue expanding sewing, quilting and fiber arts ranges.

Are Joann gift cards still valid?

Joann stopped honoring gift cards as part of its bankruptcy proceedings. Customers holding unused gift cards should consult the bankruptcy administrator or check Joann's restructuring website for the latest information on claims. Michaels does not accept Joann gift cards, as it acquired only Joann's brands and intellectual property — not its operating company.