Future of Joann Fabric and Crafts Unknown

By Sabrina DammsiBerkshires Staff
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PITTSFIELD, Mass. — The future is uncertain for Joann Fabric and Crafts and the store that's been in the Dalton Avenue Shopping Center for more than 30 years.
 
The well-known national retailer that has served sewers, quilters, crocheters, and crafters for more than 80 years filed for Chapter 11 bankruptcy last week for a second time. 
 
The approximately 800 stores across the United States and online businesses are still operational, including one on Dalton Avenue and in Hadley. There are also several in New York State's Capital District and it also had a store in North Adams in the 1990s. The chain was better known as Jo-Ann's for decades.
 
"Since becoming a private company in April, the board and management team have continued to execute on top and bottom-line initiatives to manage costs and drive value," said Michael Prendergast, Jo-Ann's interim CEO, in a press release. 
 
"However, the last several years have presented significant and lasting challenges in the retail
environment, which, coupled with our current financial position and constrained inventory levels, forced us to take this step." 
 
Prendergast said this course of action was determined to maximize the business's value after reviewing all the available strategic paths.
 
"We hope that this process enables us to find a path that would allow Jo-Ann to continue operating as a going concern," he said in the press release. 
 
The business has a "stalking horse" bidder, Gordon Brothers Retail Partners LLC, which sets the floor for the auction process. 
 
Gordon Brothers has indicated an intention to liquidate the company by having going-out-of-business sales at all store locations. 
 
According to a Customer Frequently Asked Questions form, Jo-Ann Fabric and Crafts continues to actively solicit alternate bids and has received inquiries from parties potentially interested in continuing to operate Joann stores and online businesses. 
 
Last year, the company filed for Chapter 11 to address its capital structure. 
 
However, following this restructuring last year, it continued to "experience significant and lasting challenges in the retail environment."
 
These challenges, coupled with its "financial position and constrained inventory levels," "forced" officials to take this step. 
 
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Capeless Students Raise $5,619 for Charity

By Breanna SteeleiBerkshires Staff

PITTSFIELD, Mass. — Students at Capeless Elementary School celebrated the season of giving by giving back to organizations that they feel inspired them.

On Monday night, 28 fourth-grade students showed off the projects they did to raise funds for an organization of their choice. They had been given $5 each to start a small business by teachers Jeanna Newton and Lidia White.

Newton created the initiative a dozen years ago after her son did one while in fifth grade at Craneville Elementary School, with teacher Teresa Bills.

"And since it was so powerful to me, I asked her if I could steal the idea, and she said yes. And so the following year, I began, and I've been able to do it every year, except for those two years (during the pandemic)," she said. "And it started off as just sort of a feel-good project, but it has quickly tied into so many of the morals and values that we teach at school anyhow, especially our Portrait of a Graduate program."

Students used the venture capital to sell cookies, run raffles, make jewelry, and more. They chose to donate to charities and organizations like St. Jude Children's Research Hospital, Berkshire Humane Society and Toys for Tots.

"Teaching them that because they have so much and they're so blessed, recognizing that not everybody in the community has as much, maybe not even in the world," said Newton. "Some of our organizations were close to home. Others were bigger hospitals, and most of our organizations had to do with helping the sick or the elderly, soldiers, people in need."

Once they have finished and presented their projects, the students write an essay on what they did and how it makes them feel.

"So the essay was about the project, what they decided to do, how they raised more money," Newton said. "And now that the project is over, this week, we're writing about how they feel about themselves and we've heard everything from I feel good about myself to this has changed me."

Sandra Kisselbrock raised $470 for St. Jude's by selling homemade cookies.

"It made me feel amazing and happy to help children during the holiday season," she said.

Gavin Burke chose to donate to the Soldier On Food Pantry. He shoveled snow to earn money to buy the food.

"Because they helped. They used to fight for our country and used to help protect us from other countries invading our land and stuff," he said.

Desiree Brignoni-Lay chose to donate to Toys for Tots and bought toys with the $123 she raised.

Luke Tekin raised $225 for the Berkshire Humane Society by selling raffle tickets for a basket of instant hot chocolate and homemade ricotta cookies because he wanted to help the animals.

"Because animals over, like I'm pretty sure, over 1,000 animals are abandoned each year, he said. "So I really want that to go down and people to adopt them."

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