I understand that only some of the JoAnn's are closing. I was in our local shop a couple days ago and asked the checkout lady there if they were closing. Was told no, not their store, in fact, they were getting a lot more merchandise in and are making room for it.
I can understand this in our area as Wal Mart has discontinued their fabric department. Now when we want a zipper or elastic, we must go to JoAnn's.