They just opened a huge new super store in Scotsdale, AZ. I was visiting in Kansas recently and went in their store, which I used to shop. I asked if they were closing and the woman (manager) said no! She did go on to say that smaller stores, that are nearer to more/larger fabric/ quiltshops might be closing. Depends on the area.
She said that there was another company which the name is very close, that has indeed filed bankruptcy, but, she said it is not Joannes.