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It is not a secret for anyone that the retail industry has had difficulties in recent years as customer habits are changing. Even some of the most recognizable names try to navigate financial difficulties, while others have been forced to close . This can be particularly difficult for people who are dedicated to supporters of certain stores. And now, Joann's buyers say they fear that there are drastic changes after the company has declared bankruptcy. Read the rest to see why there are concerns and what the future could contain for the retailer.

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In recent years, it has become more common to see even some of the most loved stores slip in difficult times . The last one is the supplier of popular crafts Joann, who deposited the bankruptcy of chapter 11 on March 18, The Washington Post reports.

The eight decades retailer says he does not intend to close one of the 829 stores she currently operates in the United States and will continue to operate her website. In her announcement, the company said she could have secured $ 132 million in funds To help pay at least half of its hot air balloon debt, reports CNN.

Despite a brief bump of sales during the COVID-19 pandemic, some experts say that development is not surprising, given the constant drop in retailer sales.

"Weakening store standards and falling customer service levels, partly because of the staff cuts, have made stores less desirable", " Neil Saunders , Managing Director of the GlobalData research firm, said The post office . "And a desire to lower prices pushed certain buyers to alternatives like Hobby Lobby."

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While Joann's announcement shared a relatively positive perspective on his store footprint, not everyone is convinced that change is not yet on the horizon. In a video published on March 5, the user of Tiktok @seatrick predicts that the company declaring bankruptcy would not necessarily result in Closing locations "But could lead to the purchase finally by a competitor.

They explain that Art Supply Store Michaels has a history of purchasing competitors who show signs of difficulty, including deceased Hancock fabrics, where the creator worked. However, the story shows that the store is more likely to leave any brand that they acquire founder rather than resuscitate it.

"Michaels has the very bad habit of buying companies like this-one being a small chain of craft stores which was linked to the manufacturing label Darice", they explain. "Darice was a very affordable craft supplier for many people, and Michael bought them and then let everything die. There was no more craft line, and there was no more inch . And that has screwed a lot of many crafts. It's true! Michaels is not the right guy. "

They warn that if the existing fabric retainer is acquired, this could make supplies less accessible. "I don't expect these new fabric stores to be much better than Joann," they warn. "I think their prices will be rich in sky, especially because they have almost no competition outside of Walmart and Hobby Lobby."

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In addition to advanced costs, @seatrick also explains that there could also be a significant change in what is available for purchase due to the drop in competition.

"I don't think the quality will be very good," they predict.

Even if @seatrick admits that they "do not like Joann", they recognize that the store is "the only supplier of brick fabric and mortar for many people across the country". And even if there are still online options for equipment, "Brick-And-Mortar is still a very essential part, in my opinion," they add. AE0FCC31AE342FD3A1346EBB1F342FCB

However, they still predicted that even a takeover of Michaels is not a lost conclusion. "I'm not completely sure that Michaels is particularly stable either," they said in the video. "Once again, I think that many of these brick and mortar places, large companies and large channels are really in trouble." They point out that more buyers are heading online for better offers.

Video commentators' reactions show that some Joann buyers are already afraid of having to count on other stores for their supplies.

"I just took a [Joann] near me," replied a user. "I swear ... I refuse to go to Hobby Lobby for embroidery supplies!"

Another user with personal involvement has agreed that change would not increase well. "As a previous worker [Joann], I'm so sad," they wrote. "They are just them or hobby of my lobby in my region, and I cannot support Hobby Lobby."

Others have added that potential replacement would probably not be able to needs. "I need [Joann]," wrote a user. "Michaels is too expensive and does not have the selection," they said, adding that they "need to see and feel fabric before buying".

Another user who said he was a former Michaels employee admitted that they were always surprised by the potential result. "I thought Michaels was going to go before [Joann]," they replied. "They will not be far behind, however."