This year's losses are on track to exceed last year's, after the company announced net losses of of $127.5 million during the first two quarters of 2023, versus $92 million during the same period last year. Former CEO Wade Miquelon, who had been with the company six years, retired in May.

Spend your Sunday shopping. Because sale prices are released every Sunday, Sunday morning is the best time to shop at JoAnn. We suggest putting on a pair of your comfiest leggings, grabbing a cup of coffee and rummaging through the collection of fabric, art supplies, custom framing and more.

Joann Fabrics paints a bleak picture That's a risk Joann Fabrics runs because the company has only $19.1 million in cash on hand while it has over $1 billion in debt. The company also saw its quarterly loss rise to $73 million compared to $56.9 million in the previous quarter.

JOANNJOANN / Parent organization

After visiting all three stores, I found that Michaels was the clear winner. Prices were slightly lower at Joann and Hobby Lobby, but Michaels had the greatest variety of everything to choose from.

NEVER pay full price for ANYTHING at JoAnn Fabrics They have very good rotating sales and are very generous with their coupons and various discounts. In general, don't buy an item unless it is at least 40% off. Sometimes you just need something and can't wait for a sale, but certainly use a coupon for heaven's sake!

After visiting all three stores, I found that Michaels was the clear winner. Prices were slightly lower at Joann and Hobby Lobby, but Michaels had the greatest variety of everything to choose from.

What is JOANN's price target? The average price target for JOANN is $1.33. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $1.50 ,the lowest forecast is $1.00.

(NASDAQ: JOAN) (“JOANN”), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced the retirement of Wade Miquelon as President and Chief Executive Officer effective May 8, 2023.

Joann is owned by Leonard Green & Partners and was taken off the public stock exchange.

JOANN Stores Employee Discount Over the years, many of our best Team Members are our best customers. To help serve and inspire your creative pursuits, we offer Team Members and their family members a 20% discount on Jo-Ann merchandise.

Christian The Green family founded Hobby Lobby to express their Christian beliefs and the chain incorporates American conservative values and Christian media.