Are We Losing Another One?

  It feels like it wasn't that long ago that we lost AC Moore even though it was back in July 2020.  There was talk that Jo-Ann Fabrics and Crafts was filing for bankruptcy.  It was also pointed out that AC Moore did the same, but didn't close until they did it multiple times.  The company has been around for such a long time!

In 1943, German immigrants Hilda and Berthold Reich, Sigmund and Mathilda Rohrbach, and Justin and Alma Zimmerman opened the Cleveland Fabric Shop in Cleveland, Ohio. After further expansion, in 1963, the name was changed to Jo-Ann Fabrics. The store's name was created by combining the names of the daughters from both families: Joan and Jacqueline Ann.

  I know I would joke that I would work for another company that went under, like Ink Stop, but I figured it wouldn't actually happen.  I assumed they would get more business because of AC Moore closing and so many people's strong opinions on Hobby Lobby.

Pretty much preparing for shut down. The same company that bought out Big Lots is the only bidder. We have 2 months (March 15th) to find a bigger bidder or else that company will buy and liquidate. Not sure if March 15th will be Joann's last day or not but that's when it'll be purchased by the liquidators.

- manager from one of the stores posted on Reddit

  I recently went in to look for yarn for my Best/Worst series and noticed that they have expanded their house brand of yarn.  A lot of it looked really nice.

  It feels so strange that they could be having money problems because of how popular crochet has become recently.  There are also many big crafting YouTubers who make fairly large orders multiple times a year.  I know a few people won't be able to keep such a large company open on their own.

  I know I would love to join in on the panic buying, but I already have so much yarn.  I'm also not attached enough to any of their house brand yarns that I feel like I really need to stock up.  I wonder if PassioKnit Kelsie will find another place to buy the Juicy Couture yarn she uses for scrunchies.  They are her most popular item.