It’s unclear when the stores will close; however, Joann has shared a list of the 533 stores, across every US state except Hawaii, that are expected to shut their doors.
“While we do not have plans to significantly reduce our store count, we expect a handful of JCPenney stores to close by mid-year,” a spokesperson for JCPenney said.
“The decision to close a store is never an easy one, but isolated closures do happen from time to time due to expiring lease agreements, market changes, or other factors.
Joann has also faced rising competition in the crafts space from rivals like Hobby Lobby and larger retailers, like Target, who now offer ample art supplies and kits.
On Wednesday, JCPenney, which filed for Chapter 11 bankruptcy in 2020, revealed it was preparing to close multiple stores in eight states.
