Business & Tech
Liquidation Sale Underway At RI's Only Joann Fabrics Store
Joann Fabrics and Craft in Warwick is holding a liquidation sale, as are two nearby stores just past the Massachusetts border.
WARWICK, RI — A liquidation sale has begun at Rhode Island's only Joann Fabrics and Crafts store after the retailer announced it would be closing 500 stores nationwide after filing for Chapter 11 bankruptcy for the second time this year.
“Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although we regrettably will be closing some stores, we are grateful to continue our mission of inspiring creativity in our customers online and in stores across the country,” the company said on its website.
>>> Joann Fabrics Plans To Close Only RI Store, 500 Nationwide
Find out what's happening in Warwickfor free with the latest updates from Patch.
The Cleveland, Ohio-based company cited rising costs and dwindling demand for its financial difficulties, as more sewists, quilters, knitters and other craft enthusiasts are buying supplies online.
The 81-year-old Ohio-based retailer will close one store in Rhode Island — the Warwick location at 1500 Bald Hill Road. This is Rhode Island's only Joann store. Nearby Massachusetts stores in North Attleboro and Seekonk are also expected to close, and liquidation sales are happening at both.
Find out what's happening in Warwickfor free with the latest updates from Patch.
The fabric and crafts retailer did not divulge when it would start closing stores. Liquidation sales are likely to last for several months.
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