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Jo-Ann Stores: All About Fabrics

March 6, 2014

Jo-Ann Stores began in 1943 as a single retail store. Today it is the number one fabric retailer in the country and ahead of Hancock Fabrics. It operates more than 800 stores in 49 states.

When it comes to fabrics the company has it. The firm operates under the Jo-Ann Fabrics and Craft name.  It offers a wide range of fabrics and sewing supplies, craft materials, frames, home decorations, artificial floral items, and seasonal goods. The company operates small-format stores (averaging 15,000 sq. ft.) which are mostly located in strip mall shopping centers. Aside from this the firm also runs large-format Jo-Ann superstores (averaging 36,000 sq. ft.) The company has an e-commerce site, Joann.com.

Jo-Ann Stores raked in $2.2 billion in 2012 and has around 23,000 employees. Private equity firm Leonard Green & Partners LP took the company private in January 2011 in a deal valued at $1.6 billion.

Having been in operation for over 60 years and still growing Jo-Ann Stores has locked on a niche which it finds very lucrative.

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