2 McHenry County Joann Fabrics Slated To Close

ALGONQUIN, IL — A Joann Fabrics in Algonquin is among hundreds closing across the U.S., the company announced Wednesday.

The fabrics and crafts retailer is set to soon close 500 of its 800 stores, according to multiple sources. Joann on Wednesday filed a court motion to start its closures, according to the financial and risk advisory agency Kroll, which is assisting Joann with its claims.

This comes after the company filed for bankruptcy for a second time last month.

A list of store closures shows that Joann will shutter stores in 49 states, with California, Florida, Illinois, Michigan, New York, Pennsylvania, and Washington among those most affected. Hawaii is excluded from the closures.

The 81-year-old Ohio-based retailer has identified the Joann Fabrics at 2391 County Line Road in Algonquin among the stores on the road to a potential closure. One other McHenry County store at 3310 Shoppers Drive, Mchenry, is also expected to close.

Here is the full list of Illinois stores set for potential closure:

• 2391 County Line Road, Algonquin
• 373 E Palatine Road, Arlington Heights IL, 60004
• 362 W Army Trail Rd Ste 230, Bloomingdale IL, 60108
• 1332 E Main St, Carbondale IL, 62901
• 722 West Town Center Blvd., Champaign IL, 61822
• 2639 N. Elston Ave, Chicago IL, 60647
• 555 W. Roosevelt Road, Chicago IL, 60607
• 20 Countryside Plaza, Countryside IL, 60525
• 4917 Cal Sag Rd, Crestwood IL, 60445
• 2917 North Vermillion Suite C17, Danville IL, 61832
• 1611 South West Avenue, Freeport IL, 61032
• 1920 N Henderson St, Galesburg IL, 61401
• 714 Commons Drive, Geneva IL, 60134
• 2741 Plainfield Road, Joliet IL, 60435
• 700 Broadway East, Mattoon IL, 61938
• 3911 16Th Street, Moline IL, 61265
• 526 S State Route 59, Naperville IL, 60540
• 8245 W Golf Rd, Niles IL, 60714
• 4514 N Harlem Ave, Norridge IL, 60706
• 15752 S. La Grange Rd, Orland Park IL, 60462
• 3940 Route 251 Suite A1, Peru IL, 61354
• 425 N 32Nd St, Quincy IL, 62301
• 3201 East Lincolnway, Sterling IL, 61081
• 413 N Milwaukee Ave Unit 500, Vernon Hills IL, 60061
• 36 Danada Sq W, Wheaton IL, 60189

A company spokesperson said that “right-sizing our store footprint is a critical part of our efforts to ensure the best path forward.” The spokesperson also told USA Today it was "a very difficult decision to make, given the major impact we know it will have on our Team Members, our customers and all of the communities we serve."

The company will decide which stores to close after "a careful analysis" of how those stores are performing.

Last March, the retailer filed for Chapter 11 bankruptcy and kept all of its stores open. At that time, the company said it had acquired $132 million in new funding which it planned to use to reduce its debt by approximately $505 million.

Sales at Joann had slumped after a jump during the pandemic, when Americans were isolated in their homes and spent more money on sewing and craft supplies. Due to the subsequent inflation, several people had to cut back on their discretionary spending.

The news comes as other major retailers have announced closures as well, with Kohl's notably among those last month.

Patch.com editors Amanda Lumpkin and Chris Rhatigan contributed to this article