Hello and how are you today?
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Well it's official. Joann's is closing 500 stores in the USA
Liquidation companies are vying to buy the company and I think it won't be too long until the "going out of business" sales.
It's hard to know REALLY why it went out of business. In court, the company cited "an unexpected ramp down" as well as severe and unexpected inventory shortages.
Early 20th century dry goods store in my valley (Macungie, PA)
Joann's opened in 1943 in Cleveland Ohio and the name "Joann" wasn't actually used for the business until 1963.
The only thing I often bought at the store was batting, especially when they had their sales. I have enough fabric at home.
Still, there are many areas in this country that relied on Joann's as their main source of fabric. I remember about 20 years ago, Walmart closed their fabric departments. The online quilting group I belonged to had lots of midwest and southern quilters, many were panicked because that was their main source of cloth.
Will the closing of Joann's impact you?
Tomorrow I'll delve into other trends I see these days.
Have a safe and happy day!
