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Jo-Ann Fabrics

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Jo-Ann Fabrics

Not to be confused with Joanne's Bed and Back.

Jo-Ann Stores Inc.
Private
Industry Crafts and Fabrics
Founded Cleveland, Ohio (1943)
Headquarters Hudson, Ohio, U.S.
Number of locations 750+[1]
Key people Travis Smith, President and CEO [2]
Owner(s) Leonard Green & Partners
Website www.joann.com


Jo-Ann Stores, Inc. is a specialty retailer of crafts and fabrics based in Hudson, Ohio. It operates the retail chains Jo-Ann Fabrics and Jo-Ann Etc. The headquarters of the company is located in the former General Motors Terex plant.

History

Beginnings

Jo-Ann Fabrics was founded in 1943 when German immigrants Hilda and Berthold Reich, and their friends, Sigmund and Mathilda Rohrbach, opened an imported cheese store in Cleveland. Fabric was added, which sold very well. So they opened a second store. Without having money for second store inventory, full bolts were divided into two, for the second store inventory. Eventually, they removed the cheese and added fabrics and opened the first Cleveland Fabric Shop. Expansion in the 1960s led to the company's new name, Jo-Ann Fabrics.

Fabri-Centers of America Inc.

In 1969, Jo-Ann Fabrics became a publicly held corporation traded on the American Stock Exchange under the name of Fabri-Centers of America, Inc. During the 1970s, Jo-Ann Fabrics opened stores in shopping malls; by the 1980s, they left most malls and added crafts and floral. In 1994, the company made its first acquisition of Cloth World, a 342-store southern company; at the time of the acquisition, Fabri-Centers operated 655 stores.

Jo-Ann Stores Inc.

In 1998, they acquired House of Fine Fabrics, which also operated as Fabricland and Fabric King. At that time, Fabri-Centers renamed the company Jo-Ann Stores Inc. and converted all House of Fabrics, Fabricland, Fabric King, and Cloth World stores to simply Jo-Ann Fabrics. Today, Jo-Ann Fabrics is a leading national specialty retailer of crafting, decorating and sewing products.

On December 23, 2010, Jo-Ann Stores announced plans to sell out to Leonard Green for $1.6 billion, becoming the latest U.S. chain to be targeted by a private-equity buy-out.[3]

Endorsements

In September 2012 Jo-Ann Stores introduced (September). This endorsement included a contest, series of videos, and in-store promotions.

Store classes

Some Jo-Ann stores offer classes in many areas of crafting. These include knitting, crochet, quilting, sewing, scrapbooking, painting, jewelry-making, floral design, and foodcrafting.[5]

Store Locations

Jo-Ann Stores are now located in 48 of the 50 states, the only states of the US without Jo-Ann Stores being Hawaii and Wyoming, according to askville by amazon.[6] Jo-Ann Stores online will ship to these states however, so anyone in the US can get access to Jo-Ann products. To find a store near you, follow this link: [[1]] and enter your information. From there you can also find the class schedules of the stores closest to you, the hours, and find coupons for the store. Jo-Ann Stores also have an app for smart phones that will keep you up to date on coupons and events in your area.

References

External links

  • Jo-Ann Home Page
  • Corporate Profile—Jo-Ann Stores, Inc., Investor Relations

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