Joann, a longtime staple in the craft and fabric retail industry, is set to close all 800 of its locations across the U.S., marking the end of an 80-year-old brand. As Joann shutters its doors, its ...

This is read by an automated voice. Please report any issues or inconsistencies here. The once-popular, now bankrupt fabric store, Joann, is being resurrected by its previous competitor Michaels.

Joann and Party City are living on through a former competitor-- Michaels. The arts and crafts retailer has announced the debut of two new in-store concepts: The Knit & Sew Shop and The Party Shop.