Joann, a major fabric and craft retailer, has announced the closure of all its locations nationwide as part of bankruptcy proceedings. The company's shutdown marks another significant loss in the retail sector.

Gift card acceptance ended on February 28, 2025, leaving many customers with unused balances. While state laws typically regulate gift card expirations, bankruptcy proceedings override these protections, determining whether closing stores can honor remaining balances.

Liquidation sales are currently underway at all locations, offering discounted merchandise. Important notes for shoppers:

• All sales are final
• No returns or exchanges accepted
• Discounts apply to remaining inventory
• Store fixtures also available for purchase

This closure follows a pattern of major retail shutdowns, including:

• Tuesday Morning
• Christmas Tree Shops
• Bed Bath & Beyond

Industry analysts attribute these closures to:

• Increased operational costs
• Growing online competition
• Changing consumer shopping habits
• Post-pandemic market adjustments

Customers are advised to:

• Use any remaining gift cards from other retailers promptly
• Check liquidation sale dates at their local stores
• Be aware that inventory will decrease as closures progress
• Verify store-specific closing dates, as they may vary by location

The retail industry continues to face significant challenges, with more closures expected throughout 2025. This trend reflects the ongoing transformation of traditional brick-and-mortar retail in response to evolving market conditions.

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