Michaels Map Shows Stores Nationwide as Joann Prepares to Close All Stores [Video]

Joann, a longtime staple in the craft and fabric retail industry, is set to close all 800 of its locations across the U.S., marking the end of an 80-year-old brand. As Joann shutters its doors, its competitor, Michaels, remains a dominant player in the market.

Why It Matters

Joann’s closure is the latest casualty in the evolving retail environment, where e-commerce and changing consumer habits have put pressure on traditional brick-and-mortar stores. The company’s bankruptcy follows a series of financial struggles, exacerbated by declining foot traffic and competition from online retailers.

Meanwhile, Michaels, which operates around 1,200 stores nationwide, has managed to maintain its presence, potentially positioning itself to absorb some of Joann’s displaced customers.

What to Know

Joann, which filed for bankruptcy earlier this year, announced that it would begin liquidation sales immediately, with all …