Yes, Joann just closed out a really big store here in DFW. It was in an area that demanded very high rents, so it's not surprising.
Aashlely333, you wouldn't want to bail them out anyway. They are losing money, so no one will bail them out. You would be throwing your money down the drain.
Think about it, though. How many people do you know who sew (we're not counting your guild)? I haven't made a garment in 40 years. I just took up quilting a few years ago. Their artificial flowers were very expensive compared to the competition. Quilting is the only craft I do.
So, where are their new customers coming from? Basically, we're all dying off.
And don't forget Amazon for people's non fabric needs. You don't even have to leave the house..
bkay