Contrary to the headline's claim, Joann Fabrics is not going out of business entirely. The craft retailer is restructuring under Chapter 11 bankruptcy and plans to close some unprofitable stores. The company aims to emerge from bankruptcy with a stronger financial footing and a more sustainable store footprint. The restructuring will involve financial stakeholders and includes a commitment for $50 million in new financing.
Deep in the Burgundy forest of France, Guédelon Castle is a unique ongoing experiment: building a 13th-century castle entirely from scratch using only period-correct tools and techniques. This ambitious project, begun in 1997, employs skilled craftspeople who quarry stone, make mortar, forge iron, carve wood, and practice other medieval trades to construct the castle, offering visitors a living history lesson in medieval architecture and construction. The project aims not just to recreate a castle, but to understand the process and challenges faced by medieval builders.
HN commenters express fascination with the Guédelon castle project, praising its commitment to authentic 13th-century building techniques. Several discuss the surprising efficiency of medieval methods, noting the clever use of human and animal power, and the sophisticated understanding of material science displayed by the builders. Some commenters draw parallels to software development, highlighting the iterative, experimental nature of the project and the value of learning by doing. Others lament the loss of traditional craftsmanship and knowledge in modern society. A few express skepticism about the project's complete authenticity, questioning the influence of modern tools and safety regulations. Overall, the comments reflect a mix of admiration, curiosity, and nostalgia for a pre-industrial way of life.
Summary of Comments ( 30 )
https://news.ycombinator.com/item?id=43173341
HN commenters discuss the surprising nature of Joann's closure, given its apparent popularity and the enduring hobby of crafting. Several suggest the "going out of business" phrasing is misleading, pointing to the Chapter 11 bankruptcy filing as a restructuring move rather than a complete shutdown. Some speculate about the reasons for the financial trouble, including poor inventory management, high rent costs, competition from online retailers like Amazon and Etsy, and the cyclical nature of crafting trends. Others lament the potential loss of a valuable resource for crafters and the impact on local communities. A few express skepticism about the long-term viability of brick-and-mortar craft stores in the current retail landscape.
The Hacker News post titled "Fabric and craft retailer Joann to go out of business, close all of its stores" generated several comments discussing the news, primarily focused on clarifying the headline's inaccuracy and speculating on the reasons behind Joann's financial struggles.
Several commenters immediately pointed out that the linked AP News article states Joann is not going out of business entirely, but rather filing for Chapter 11 bankruptcy, which allows for restructuring and potential continuation of operations. This correction was a dominant theme in the early comments.
Some users expressed surprise at Joann's financial troubles, citing the apparent popularity of crafting, especially during the pandemic lockdowns. They questioned whether the rise of online marketplaces like Etsy, offering similar handmade goods, might have contributed to Joann's struggles. Others speculated about changing demographics, wondering if younger generations are less interested in traditional crafts.
The increasing cost of goods and inflation were also brought up as potential factors impacting Joann's profitability. One commenter mentioned the specific example of fabric prices increasing substantially.
Several users shared anecdotal experiences with Joann stores, describing them as often cluttered, poorly organized, and offering subpar customer service. These observations suggested that operational issues, in addition to broader economic factors, might be playing a role in the company's financial difficulties.
One commenter suggested that Joann's reliance on couponing might be a sign of unsustainable business practices, training customers to wait for discounts rather than paying full price.
While the prevailing sentiment acknowledged the challenges facing brick-and-mortar retail, several commenters expressed hope that Joann could successfully restructure and emerge from bankruptcy. Some also noted the importance of such stores for local crafting communities.
There was some discussion regarding the private equity ownership of Joann, with some suggesting that leveraged buyouts and subsequent debt burden could have contributed to the company's financial woes.
Finally, a few commenters discussed alternative craft retailers, highlighting the competitive landscape and the potential for other players to absorb some of Joann's market share.