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By Matthew Glowicki – Louisville Courier-Journal
Jun 18, 2025
June 18, 2025, 5:01 a.m. ET
Michaels is expanding by acquiring Joann’s intellectual property and private label brands following the brand’s closure after filing for bankruptcy.
- Burlington is set to replace the recently closed Joann fabric and crafts shop at Shelbyville Road Plaza in Louisville.
- Joann closed all locations by May 2025 after filing for bankruptcy for a second time.
- The former Joann location in Clarksville, Indiana, remains vacant.
A recently vacated anchor retail space at a St. Matthews shopping hub is getting a new tenant.
Fabric and craft retailer Joann recently went out of business, shuttering its network of hundreds of stores after filing for bankruptcy in March 2024 and again in January 2025.
The end of the 82-year-old business meant vacancies at 4600 Shelbyville Road at Shelbyville Road Plaza and at 1025 Veterans Parkway at Waterfront Park North shopping center in Clarksville, Indiana.
Burlington, a department store retailer formerly known as Burlington Coat Factory, appears to be moving into the vacated Louisville location, according to a brochure for the shopping center, owned by Hagan Properties.
The 389,000-square-foot retail hub is situated on 30 acres with tenants including Nordstrom Rack, Trader Joe’s, Old Navy, Quest Outdoors, Cost Plus World Market and more.
An email to Hagan Properties was not returned. A Burlington spokesperson declined comment.
Burlington also has nearby stores at 3560 Bardstown Road and 9070 Dixie Highway in Louisville and at 4101 Town Center Blvd. in Jeffersonville, Indiana.
Meanwhile, the now empty Joann storefront in southern Indiana is still looking for its next occupant.
That nearly 25,000-square-foot property is available for lease, according to a leasing brochure from commercial real estate agency CBRE. Other tenants include Target, Best Buy and Old Navy, among others.
While Joann stores all closed by May 31, craft retailer Michaels announced in early June it had acquired intellectual property and private label brands from its former competitor, meaning former Joann shoppers will be able to find familiar products at the Texas-based retailer.