Joann Fabrics and Crafts Plans Major Store Closures in Shreveport

The Joann Fabrics store in Shreveport prepares for closure amidst nationwide shutdowns.

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News Summary

Shreveport residents are disheartened by the news that Joann Fabrics and Crafts will close 533 stores nationwide, including their location at 6634 Youree Drive. The closures stem from the company’s second Chapter 11 bankruptcy filing, emphasizing a need to right-size its operations. While the closure is set for February 15, 2025, the community fears losing access to essential craft supplies and the impact on local artists and crafters.

Shreveport Faces Sad News as Joann Fabrics and Crafts Announces Store Closures

Shreveport, Louisiana, is bracing itself for some disappointing news as Joann Fabrics and Crafts reveals plans to close a total of 533 stores nationwide! With these upcoming changes, five locations in our state—Shreveport, Alexandria, Slidell, Gretna, and Metairie—will soon be shutting their doors for good.

Big Changes for a Beloved Craft Store

Joann has been a go-to spot for all things arts and crafts, loved by many for its variety of supplies and friendly customer service. However, this decision comes after the company’s second Chapter 11 bankruptcy filing in January 2025, following their first one just the previous year in March. Having around 800 stores throughout the country, Joann’s leaders believe it’s time to maximize company value and right-size its store footprint.

What Does This Mean for Us?

So, what does this mean for Shreveport locals? Sadly, the closure list includes our beloved Joann store located at 6634 Youree Drive in Bayou Walk. While stores in Baton Rouge and Lafayette will remain open, all the nearby Joann locations will be closing soon, making it even harder for crafters to find the supplies they need. The community is feeling the pinch as Joann’s fabric, arts, and crafts supplies have been a staple for many creative folks in the area.

Hopes for Better Offers

On the business side, Gordon Brothers Retail Partners LLC has shown interest in purchasing Joann, potentially leading to liquidation and closing sales at all locations. However, it appears there is still hope as Joann is actively searching for better offers that could keep some of its stores open.

A Look Ahead

If you’re wondering about when the “going out of business” signs will go up, mark your calendars for February 15, 2025. The going out of business sale is expected to start on that day, and it could last for several months! Shoppers can anticipate deals that promise to offer significant savings, starting with discounts of up to 70% off for Presidents Day, along with other enticing online promotions.

The Bigger Picture

15,000 brick-and-mortar stores could close in 2025, and inflationary pressures alongside fierce competition from online retailers are at the heart of this issue. Additionally, the CEO of Coresight Research notes that shoppers are increasingly favoring the convenience of online shopping and better service wherever they can find it.

Community Reactions

The impact of these closures is deeply felt in the creative community. Local artist Whitney Tate has shared her concerns about the potential lack of access to specialized art supplies that Joann offers. Many crafters find in-store shopping more convenient than ordering online, leading to a growing wave of disappointment as these closures draw closer.

Future of Joann Stores

Looking ahead, the closure plan will affect Joann locations in 40 states, and while around 300 stores are expected to remain operational, all of this is still pending court approval. Joann’s leaders have expressed that these decisions have not been easy, especially considering the impact on employees and the local communities.

Final Thoughts

The upcoming changes are sure to affect many in Shreveport and beyond. With the craft and DIY community being such a vital part of creative expression and local culture, many residents will undoubtedly miss having Joann around. As we wait for the final word, there’s still a little time left to snag that beloved fabric or art supply before the doors close for good.