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

A customer shops in a Joann store in Miami on Feb. 13. The retailer announced this week that it is going out of business and closing its roughly 800 stores across the U.S.

The crafts retailer 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.

(Image credit: Joe Raedle)