SAUGUS — JOANN Fabric and Crafts in Saugus, located at 1073 Broadway, made the list of stores set to close in the future, according to the court filing.
This comes after they filed for Chapter 11 bankruptcy for the second time in January 2025.
Chapter 11 of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in Chapter 11, according to United States Courts.
This comes as no surprise, with the elevated closing of brick-and-mortar stores nationwide as the world continues to shift to online shopping.
The craft store chain was founded in Cleveland, Ohio, in 1943. The store has since expanded to 49 states, with around 800 stores in business. The Saugus store will be one of around 500 stores closing.
According to the recent court filing, the only store remaining open in Massachusetts is located in Milford. Similarly, New Hampshire will only have one store left open in Hooksett.
JOANN’s isn’t the first craft store to close down in Saugus. The same fate happened to Michaels Arts and Crafts, which closed their Saugus location in January of 2024.
The date for the store’s closure is not yet known.
