Billings JoAnn Fabric Store Spared From Closure – for Now

JoAnn, the fabrics and crafts retailer, is going through tough times as it has announced the closure of more than half of its 800 stores due to its ongoing bankruptcy process.

Approximately 500 stores across the United States will be closed in the coming months, marking a significant decision for the company's future.

Impact of Store Closures on Employees, Customers, and Communities

The closure of these stores is a challenging move, affecting not only team members and customers but also the communities that JoAnn stores serve. Court documents reveal that closures will happen in all 50 states, with states like California, Florida, Indiana, Michigan, New York, Pennsylvania, and Washington being heavily impacted.

Reasons Behind Store Closures: Inventory Issues Cited

This reduction in stores comes after JoAnn filed for bankruptcy for the second time in less than a year. In its previous bankruptcy filing in 2024, the company emerged as a private entity and kept all stores open. However, following this second filing, Joann cited inventory issues as the primary reason for the closure of the underperforming stores.

Fate of Billings JoAnn Fabrics Location

Following the news of JoAnn Fabrics filing for bankruptcy and closing hundreds of stores across various states, the JoAnn Fabric store on King Avenue in Billings has been spared from closure per the latest closing list. This is good news for those who shop or work at the store.

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Widespread Retail Challenges

JoAnn isn't the only one having a tough time staying afloat financially. Stores like Kohl's and Macy's are also shutting down some locations this year because the market conditions are rough. This trend shows that the retail world as a whole is facing challenges, with over 15,000 store closures expected in 2025 – that's double the number from last year.