Joann to shutter several stores in North Texas amid bankruptcy, retail challenges

Joann is shuttering stores as it grapples with restructuring, and North Texas is set to lose many of its shops.

The fabrics retailer is looking to close nearly 10 stores in the region as part of a move to shutter sites across the country, according to a new document. The affected sites stretch across the Dallas-Fort Worth region, with sites in other parts of Texas affected as well.

The retailer, looking to improve its financial prospects, is in bankruptcy proceedings after going private last year. It made the filing voluntarily to facilitate a sale process, it said last month.

“As part of the ongoing Chapter 11 process and our efforts to maximize the value of the business, Joann has filed a motion seeking court authority to begin closing approximately 500 stores across the nation,” a Joann spokesperson said in an emailed statement.

D-FW Retail News

“A careful analysis of store performance and future strategic fit for the company determined which stores should remain operating as usual at this time,” the spokesperson added.

The Joann store closures include sites at:

* Dallas, 6330 E. Mockingbird Lane

* Hurst, 1439 W. Pipeline Road

* Arlington, 137 Merchants Row Ste 165

* Rockwall, 1049 E. I.H. 30

* Midlothian, 2000 F.M. 663 St 500

* Lewisville, 715 Hebron Parkway

* Denton, 2640 W. University Drive

* Mesquite, 19105 Lyndon B Johnson Freeway

* Sherman, 4127 N. Highway 75

Stores that are slated to be closed in other parts of Texas include cities such as Abilene, Katy and Austin.

The challenges at Joann are another chapter of the ongoing challenges for some retailers amid shifts in consumer tastes, including growing demand for shopping online.

Kohl’s is closing 27 locations, including one in Dallas, that are “underperforming” among its more than 1,150 stores, it said earlier this year.

And Macy’s, the storied department store, plans to shutter several locations in the Dallas region amid a nationwide pullback, as it looks to return to sustainable, profitable growth.

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