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Joann Files for Bankruptcy Again

January 15, 2025 by Sarah White

Last March the craft retailer Joann announced that it was filling for Chapter 11 bankruptcy and that the company would become a private company with a better handle on its debt. The first part did happen, but the company has now filed again and is looking for a buyer, and the next chapter might not be so rosy for crafters who depend on the retailer.

In the most recent filing the company said it has $615.7 million in funded debt obligations and $133 million in trade debt, according to a story from Yahoo Finance. Interim CEO Michael Prendergast said the company faced “unanticipated inventory challenges” and sluggish sales coming off the pandemic. Bloomberg News had reported in November that Joann was asking vendors for rebates and retroactive discounts as sales slumped.

A news release from Joann says that all stores will remain open for now. In it Prendergast said “the last several years have presented significant and lasting challenges in the retail environment” and their financial position and inventory problems have forced the move.

The company is looking for a buyer but has a “stalking horse bidder” offer from Gordon Brothers Retail Partners, which will serve as the starting bid as the company await other offers. If there are other offers, the company will have an auction around Feb. 12.

If there are no better options the company will sell to Gordon Brothers, which specializes in liquidating companies and is involved in the closure of Big Lots.

John Bringardner from the research firm Debtwire told CNN that if/when Gordon Brothers takes over Joann it will likely start going out of business sales and lay off employees.

Of course that’s something we don’t want to see as crafters. It’s terrible to see big players in the industry go down, potentially leaving people without local places to buy supplies. (I shop at Joann and if it closes there will only be Hobby Lobby and the sad craft section at Walmart for me. The closest Michaels is about 50 miles away.) I’ll keep an eye on the story and update you when there’s more to tell.

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10 Knitted Christmas Bauble Patterns for a Tree Full of Handmade Charm

There’s always room for one more Christmas decoration, especially when it uses yarn you already own. That’s my reasoning, anyway. Those little leftover balls that aren’t quite enough for a hat suddenly look much more promising when you start thinking about knitted baubles.

I love the idea of adding a few handmade ornaments to the tree each year. They don’t all have to match, either. A traditional colourwork ball beside a slightly cheeky Christmas pudding feels far more interesting than a tree where everything arrived in the same box.

These knitted Christmas bauble patterns include flat-knit designs, festive characters and detailed colourwork ornaments. Most are free, with a paid collection included for anyone who wants plenty of designs to work through. Some suit newer knitters; others are small projects for practising skills you already know.

Christmas Baubles Knitted Flat

The free Christmas Baubles—Knit Flat pattern from Tat’sgrans Treasures is worth a look if knitting tiny rounds doesn’t appeal. It includes three sizes and charted words such as Peace, Hope, Love and Joy, worked using intarsia. The flat construction is approachable, although the lettering adds a challenge beyond basic stocking stitch. I’d choose this for meaningful gift ornaments, particularly when one of those words suits the person receiving it.

Christmas Pudding Bauble

The free Christmas Pudding Bauble by Amanda Berry has all the appeal of a festive pudding without anyone debating whether they actually like eating it. Knitted flat in DK yarn, it combines shaping, colourwork and seaming, with a little holly topper to finish. It’s best for confident beginners with some experience rather than someone learning their first knit stitch. At approximately 6 cm tall, it would make a lovely tree decoration or an extra treat tied onto a wrapped present.

Rudolf & Friends Character Baubles

The free Rudolf & Friends Ornaments by Claire Fairall bring a playful touch to a handmade Christmas tree. These character baubles are knitted flat, and the instructions include illustrations for assembly and embroidery. Hobbii lists the pattern as suitable for beginners, making it a useful option for knitters who would rather practise finishing details than stranded colourwork. The finished ornaments measure approximately 8 × 6 cm and would also look cheerful tucked into a handmade wreath.

Cute Christmas Baubles With Little Faces

The free Cute Christmas Baubles from Marianna’s Lazy Daisy Days turn small amounts of DK yarn into cheerful character decorations. Worked flat and seamed, they use simple shaping, stuffing and added facial details to create their personality. They suit knitters comfortable with knit, purl, increases and decreases who enjoy a little assembly afterwards. I rather like Marianna’s idea of using them on the Christmas dinner table before adding hanging loops for the tree.

Rudolph’s Nose Christmas Bauble

The free Rudolph’s Nose Bauble from DROPS Design is a useful choice when you want a traditional ball-shaped ornament. Designed in DROPS Flora, it uses knitting in the round with increases and decreases to create the shape. Choose this if you’re comfortable handling a small circumference and want a project focused on construction. I’d make a few in coordinating colours to bring a little consistency to an otherwise wonderfully mismatched handmade tree.

Merry Mints Bauble

The free Merry Mints Bauble from DROPS Design offers another festive option, this time designed in DROPS Cotton Merino. The instructions include working back-and-forth rows and shaping, so it’s worth considering if you prefer that approach to tiny rounds. Read through the construction before starting and pay attention to the instructions for working yarn overs to avoid unwanted holes. This would be a nice project for a knitter who enjoys seeing a shaped decoration emerge from a small piece of knitting.

Caorann Fair Isle Christmas Bauble

The free Caorann Christmas Bauble by Sarah Berry brings delicate Fair Isle detail to a small ornament. It uses fingering-weight yarn and 2.5 mm needles, with instructions sized for an approximately 60 mm bauble insert. Worked in the round, the design includes both written and charted directions for its repeated segments. I’d save this one for knitters with some colourwork experience who want to make a particularly special keepsake.

A Dated 2026 Christmas Bauble

The free 2026 Christmas Bauble by Smaatterier combines the year with two traditional Selbu rose motifs. It’s knitted in the round using stranded colourwork across the middle, with either fibre filling or a suitably sized plastic bauble inside. The charted design is listed as intermediate and finishes at approximately 6.5 cm tall. This is a lovely choice for marking a first Christmas in a new home, a family milestone or simply another year of making things by hand.

Colourful Christmas Balls From Two Strands

The free Christmas Balls by Mary Ann Stephens are full of colourwork detail, with optional touches such as duplicate stitch and nupps. The designer also discusses I-cord hanging loops, which give the ornaments a pleasingly substantial finish. These are better suited to knitters comfortable following charts and managing several colours than complete beginners. Follow the updated download directions in the post to find the patterns on the designer’s current website.

ARNE & CARLOS Christmas Ball Collection

The paid Twenty-four Christmas Balls 2024 collection by ARNE & CARLOS includes a basic ball pattern and 24 different motif charts. The ornaments are worked in the round using stranded colourwork, with a linked tutorial to help you follow the process. Although the designer lists the collection as beginner level, I’d be comfortable knitting in the round and making increases and decreases before starting. This is the pick for someone who wants a whole collection of coordinated ornaments rather than just one small project.

Choosing Yarn for Knitted Baubles

Small decorations are tempting stash projects, but check the yarn weight before diving into that leftover basket. A thicker yarn can make a much larger bauble, while changing the yarn in a fitted cover may stop it fitting the recommended insert.

For colourwork, choose shades with enough contrast for the motif to show. Two lovely colours can look surprisingly similar once they’re knitted together, especially on something this small.

Smooth yarn also makes it easier to see your stitches. Save the fluffy, sparkly and slightly mysterious leftovers for a pattern where you’re confident they’ll work.

Getting a Nicely Rounded Finish

If your pattern uses stuffing, add it gradually and spread it evenly. You’re aiming for a rounded ornament without stretching the stitches so far apart that the filling shows through. For designs worked over an insert, check the diameter and follow the instructions for when to put it inside.

Give the finishing a little time, too. A neat seam, securely woven ends and a tidy hanging loop help a small decoration feel properly finished.

I’d start with a pair for the tree and one to give away. Of course, once you’ve laid out all those yarn colours, “just three” may become a rather flexible arrangement.

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