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.

Joann Inc. was founded in 1943 by Jane Chung and Vivian Chung in Cleveland, Ohio. The original concept focused on providing fabric and craft supplies to customers interested in sewing, quilting, and DIY projects. 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. The company went public in 2021, becoming a publicly traded retail company. 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. The company has maintained its position as an independent publicly traded fabric and craft supplies retailer.