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45405 |
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Date: February 24, 2025 at 13:11:55
From: mitra, [DNS_Address]
Subject: Joann's is closing hundreds of stores. Thank a Republican. |
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The tariffs are doing them in.
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Responses:
[45412] [45413] [45406] [45409] [45410] [45411] [45407] |
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45412 |
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Date: February 26, 2025 at 08:46:41
From: The Hierophant, [DNS_Address]
Subject: Re: Joann's is closing hundreds of stores. Thank a Republican. |
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Although I wish I could totally agree with the tariffs
contributing to the demise of JoAnn's - having worked
retail management for 15+ years for several companies
(who are no longer in business like Smith&Hawken,
Illuminations), there are numerous contributory factors
including:
--too rapid expansion of stores - building too many,
too fast, too large without addressing underlying
issues and problems and too many concentrated in areas.
Although Costco seems to be able to handle the number
of stores, they are not as specialized as a JoAnns.
--price increases in materials and products coupled
with declining interests and finances. JoAnns was
already struggling 5 years ago even through the
isolation periods of covid when consumers were stuck at
home and trying to fill their time.
--the lack of staffing - which I saw in my local
JoAnn's store where 10 years ago, I would walk in and
there were staff in each department ready to answer
questions, help you and recommend products. Starting
about 5 years ago, less staffing, whereby walking into
one last year, there were probably a total of 3 staff
on the entire floor with no one in particular with
expertise in any department.
--coupled with lack of staffing would be the increase
in retail theft. When you have stores with thousands
of product ranging in size from the size of your
thumbnail (or smaller), the ease of stealing increases
substantially therefore retail shrink increases
resulting in higher prices and less product to offer as
well
--the ease of shopping online where you can compare
pricing and product availability- something JoAnn's
didn't adapt fast enough and well enough to. Why drive
15 miles to the nearest store if you can order
something that will be on your doorstep in 3 hours or
less without you even having to change out of your pjs.
--store using antiquated and slow pos systems for
checkouts. And upper management making decisions for
stores - management who has never even worked in a
store!
--and going hand in hand with the above point is
management purchasing and using inventory systems that
are not always compatible with the business (but
someone's close business buddy is a salesman for it).
Saw that where I worked - we would be shipped product
that we didn't need or want or even have room to store,
but didn't get product that we needed - even though it
was sitting in the warehouses (where, btw, is another
point of huge theft issues).
So, if businesses do not address all of the above
points, then they will not succeed. Most recent
example would be Barnes&Noble (another business I
worked for) where upper management thought they were
all powerful and all knowing and didn't adapt to the
changing technology and economy and went belly up and
bought out by a English company, who, looked at the
business model and changed it - and now are coming back
with successful stores.
So, yes, tariffs are not going to help but are just
another part of the overall problem.
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Responses:
[45413] |
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45413 |
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Date: February 26, 2025 at 16:53:50
From: mitra, [DNS_Address]
Subject: Re: Joann's is closing hundreds of stores. Thank a Republican. |
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Thank you. That's all accurate. Joannns had those
very problems here too with the exception of
staffing... and knowledge of product... they are great
and nowhere to go.
Here we lost Hancock's a few years ago, without Joann's
we are dependent on online (good or not, crap shoot),
Walmart (cheap made in china) and a few specialty quilt
stores for fabric and few notions. The end of an era.
A crafting desert where once every household knew how
to make their own clothes, fix their own cars, and
garden.
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Responses:
None |
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45406 |
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Date: February 24, 2025 at 14:43:04
From: Jeff/Lake Almanor,CA, [DNS_Address]
Subject: Your welcome |
URL: https://www.usatoday.com/story/graphics/2025/02/13/joann-fabric-store-closings-state-closures/78480210007/ |
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Hundreds of Joann Stores are expected to close in the coming weeks, but
the impact of the fabric and craft stores' closures will be felt unevenly
across the country, based on an analysis of its recent bankruptcy filing.
The retailer told USA TODAY in a statement Wednesday that it will close
"approximately 500" of its roughly 850 locations across the U.S. The news
comes after the company filed for bankruptcy a second time in less than a
year in January after initially filing and then going private in March 2024.
Tariffs? Nice stretch................................
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Responses:
[45409] [45410] [45411] [45407] |
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45409 |
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Date: February 25, 2025 at 19:47:43
From: mitra, [DNS_Address]
Subject: Re: Your welcome |
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Filing again in January... ???
Suggests they thought they could make it... until
January.
I don't believe that the promised tariffs didn't have
an effect.
Amazon, et al., is an inadequate substitute.
Crashing economy? Thanks Jeff.
Shall I also thank you for the children losing Snap
benefits promised Medicaid cuts and lunches?
No one has mentioned Medicaid cuts will also close
hospitals and clinics. Thanks Jeff. Snap benefits
may close stores in critical food deserts. Thanks.
But so many of the poorest households will suffer. How
will they act when sick, hungry and hopeless?
Shall I send them to your house or just any Republican
for thanks? So many of them actually were Republicans,
though not so happy now, worried and bewildered or
still waiting for something positive and hoping the
promised increase will materialize and benefit them and
not their brownish, disabled, elderly neighbors.
None of the Joann's workers were happy.
In the meantime I'm rooting for Shadow's positive
shift. Who knows? Given the chance how many would vote
for this administration today?
Given the chance.
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Responses:
[45410] [45411] |
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45410 |
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Date: February 25, 2025 at 20:19:37
From: ryan, [DNS_Address]
Subject: Re: Your welcome |
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old timer said he would take some...and he's sorry for being a dumbass that voted for rump...
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Responses:
[45411] |
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45411 |
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Date: February 25, 2025 at 20:43:48
From: mitra, [DNS_Address]
Subject: Re: Your welcome |
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Hope springs eternal for all of us, and it's a good
thing, we all need it.
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Responses:
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45407 |
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Date: February 24, 2025 at 20:09:19
From: ryan, [DNS_Address]
Subject: Re: Your welcome |
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read today that now they are going to close ALL locations...
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Responses:
None |
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