Fabric giant Joann is going out of business and closing all of its 800 stores

Joann, the major national retailer of fabric and craft supplies, is going out of business and closing all of its roughly 800 stores in 49 states across the U.S.

The more than 80-year-old chain formerly known as Jo-Ann Fabrics had been struggling financially for several years following a DIY-driven uptick in sales during the early days of the pandemic.