Fabrics & Crafting Retailer To Close Fairless Hills Store Amid Bankruptcy

The Joann store in Falls Township. Credit: Google Maps

Joann will close its store in Falls Township as the company navigates Chapter 11 bankruptcy protection for the second time in just a few years.

The fabrics and crafting store in the Court at Oxford Valley on Commerce Boulevard in the Fairless Hills section of Falls Township is among approximately 500 locations nationwide slated for closure, the company announced this week.

The company is also closing stores in Northeast Philadelphia, Warrington Township, and Richland Township.

“As part of the ongoing Chapter 11 process and our efforts to maximize the value of the business, Joann has filed a motion seeking court authority to begin closing approximately 500 stores across the nation,” a company spokesperson said. “This was a very difficult decision to make, given the major impact we know it will have on our team members, our customers and all of the communities we serve. A careful analysis of store performance and future strategic fit for the company determined which stores should remain operating as usual at this time.”

Joann has about 800 stores nationwide and plans to close about 500 of them.

If approved by a judge at a Friday hearing, going-out-of-business sales are expected to begin as soon as Saturday and continue for several months.

The interim CEO of the retailer said last month that the company has been damaged by changes to the retail environment.

As Joann’s navigated its financial troubles, it went private last April, a move that officials said let it “execute on top and bottom-line initiatives to manage costs and drive value.”

The company currently operates in 49 states with 19,000 employees, the company said.

Joann entered Chapter 11 protection in Delaware in January after inventory shortages, according to CNBC.

The company also filed first for bankruptcy in March 2024.