Who Owns Joann?
Joann is owned by Joann Inc., a publicly traded American retail company founded in 1943. The company operates as an independent publicly traded entity on the NASDAQ stock exchange under the ticker symbol JOAN. Joann is headquartered in Hudson, Ohio, USA.
Parent Company
Joann Inc.
Founded
1943
Status
Publicly Traded
Headquarters
Hudson, Ohio, USA
Who Owns Joann?
- Parent Company: Joann Inc.
- Ownership Type: Public company
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: JOAN
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Joann | Joann Inc. | Public company |
History of Joann
- Founded: 1943
- Founders: Jane Chung, Vivian Chung
Joann was founded in 1943 by Jane Chung and Vivian Chung in Cleveland, Ohio. This founding vision demonstrated exceptional insight into the growing demand for retail craft supplies solutions while establishing a distinctive approach that would define the retail craft supplies category for generations. The original concept focused on providing fabric and craft supplies to customers interested in sewing, quilting, and DIY projects. This strategic positioning demonstrated Joann's exceptional ability to create differentiated retail craft supplies solutions while maintaining consistent brand positioning and quality standards that would define the brand for decades. The store quickly gained popularity among crafting enthusiasts and became a destination for fabric and craft materials.
Throughout the 1950s through 1990s, Joann expanded significantly, establishing locations across the United States. This period of excellence demonstrated Joann's exceptional ability to scale operations while maintaining consistent brand positioning and quality standards across multiple retail craft supplies segments. The company went public in 2021, becoming a publicly traded retail company. This strategic diversification demonstrated Joann's exceptional ability to serve multiple consumer segments while maintaining its core brand identity and market leadership in the retail craft supplies industry. Joann developed a strong omnichannel presence combining physical retail with e-commerce capabilities.
In recent years, Joann has continued expanding its product selection, investing in digital capabilities, and adapting to changing consumer preferences in the crafting market. This continued evolution demonstrated Joann's exceptional ability to maintain market relevance while adapting to changing retail craft supplies requirements and technological advancements. The company has maintained its position as an independent publicly traded fabric and craft supplies retailer. This continued excellence demonstrates Joann's exceptional ability to maintain market leadership while adapting to changing retail craft supplies dynamics and regulatory requirements. This strategic integration demonstrated Joann's exceptional ability to integrate into larger retail craft supplies corporations while maintaining its core brand identity and cultural significance in the retail industry. This continued success represents a significant milestone in the evolution of fabric and consumer-focused retail solutions. This strategic partnership demonstrated Joann's exceptional ability to leverage corporate resources while maintaining its distinct retail craft supplies identity and market leadership.
About Joann Inc.
Joann Inc. operates as an independent retail company specializing in fabric and craft supplies. The company manages a portfolio of retail locations offering a comprehensive selection of materials for sewing, quilting, embroidery, and DIY projects.
In 2026, Joann Inc. underwent a significant corporate transformation as the Hudson-based retail chain emerged from Chapter 11 bankruptcy protection as a private company. The company's more than 800 stores and 18,000 employees nationwide were preserved after the company filed for bankruptcy protection in March 2025. A U.S. bankruptcy court approved Joann's restructuring plan that eliminated $505 million in debt while keeping all 815 retail locations open, with 100% of the company's creditors supporting the restructuring. The company reached this significant milestone less than 40 days after initiating its court-supervised restructuring process.
The bankruptcy marked a dramatic turnaround for the fabric and craft retail chain, which had been struggling with changing consumer preferences and increased competition from online retailers. Under the leadership restructuring, the company was able to slash its debt burden by $505 million while maintaining its extensive retail footprint and workforce. The successful emergence from bankruptcy demonstrates the continued viability of the Joann brand and its importance in the fabric and craft supplies market, where it serves as a destination for crafting enthusiasts across the United States.
Joann stores continue to serve as comprehensive craft destinations offering fabrics, threads, patterns, tools, and supplies for various crafting projects. The company operates through company-owned retail locations and maintains a robust e-commerce platform. Joann emphasizes customer service and crafting expertise across its locations, providing both in-store and online shopping options for its loyal customer base. The company's ability to preserve its operations and workforce through the bankruptcy process highlights the strength of its brand and the essential role it plays in the crafting community.
- Founded: 1943
- Headquarters: Hudson, Ohio, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: JOAN
Where Is Joann Made / Based?
- Headquarters: Hudson, Ohio, USA
- Manufacturing / Operations: United States, Global distribution centers
Joann Ownership: Pros & Cons
Advantages
- +Independent publicly traded company with direct investor ownership
- +Comprehensive selection of fabric and craft supplies
- +Strong brand recognition among crafting enthusiasts
- +Established omnichannel presence combining retail and e-commerce
- +Direct access to capital markets for expansion
- +Loyal customer base in crafting market
Considerations
- -Changing consumer preferences affecting retail traffic
- -E-commerce competition from online craft retailers
- -Operational complexity managing multiple locations
- -Commodity price volatility affecting product costs
- -Dependence on discretionary consumer spending
- -Market saturation in some regions
Frequently Asked Questions About Joann
Competitors to Joann
No direct competitors found in the same category. This could be because Joannoperates in a unique market segment or we're still building our competitor database.
Joann Inc. Stock Information
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