America is no longer in her “JoAnn Fabrics era.”
JoAnn has been struggling in a major way recently, and now they’re throwing in the towel. (A premium, 100% cotton towel . . . not just an old terrycloth.)
JoAnn declared its second bankruptcy earlier this year, and they tried to find a buyer to keep some of their 800 locations open. But it didn’t work out, so they’ve launched a nationwide going-out-of-business liquidation.
It’s unclear how long the remaining stores will be open. But if you want to go, make plans now . . . especially if you’re too old to drive yourself. (???)
JoAnn started 82 years ago, in 1943, as the “Cleveland Fabric Shop” in Cleveland, Ohio. The company expanded, and became JoAnn Fabrics in 1963.
The company was started by three families of German immigrants, and the “JoAnn” name was created by combining the names of the daughters from two of the families: Joan and Jacqueline Ann.
Add comment