Joann Fabrics in Everett is Closing Down My Everett News

Joann Fabrics in Everett is closing its doors as part of a significant national reduction in store locations, driven by the company's second Chapter 11 bankruptcy filing. This decision comes in the wake of declining sales and changing consumer behaviors, particularly following the pandemic. The Everett store, situated at 7601 Evergreen Way, is one of several closures in Washington, alongside locations in Lynnwood and Arlington. Bankruptcy filings reveal that the company faced severe supply chain issues and inflated inventory costs, which were exacerbated by its reliance on imported goods. Over 20 stores across the state will shut down, posing challenges for local employment and the economy.

The retail landscape in Everett is further strained as this closure follows the recent shutdown of Party City in the Everett Mall. These developments highlight the ongoing struggles within the retail sector and the need for adaptation in a changing market. As brick-and-mortar stores continue to face challenges, the impact on local communities may be profound.