Knitting

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Joann Files for Bankruptcy Again

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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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Patchwork Blanket Knitting Patterns

Any time of year is a good time for stash busting, but if you can combine it with knitting a blanket that will keep you warm when it (finally!) gets cooler that’s even better. Let’s take a look at some fun patchwork blanket knitting patterns. 

If you want to keep it super simple, you can just make blocks of garter stitch and sew them together, like the beginner’s patchwork baby blanket from Mini Baa Baa or the color block blanket from Make and Do Crew. Both projects are worked in strips and sew together, with the baby version calling for two strands of DK or light worsted weight yarn held together and the larger one using bulky yarn. 

Add a little more texture with the mixed blocks of the cottage quilt throw from Mama in a Stitch. This one combines garter stitch and seed stitch and uses worsted weight yarn. She used a crochet join to make the chains on top of the blocks, but you can join them however you like. It calls for eight colors but you can use what you have, and there are three size options. 

Get a real sampler style patchwork blanket with this design from Knit Sew Make. It calls for worsted weight yarn and has four size options. All of the patterns just use knit and purl stitches so this one is still pretty easy for beginners. 

If you want a more complex colorwork project that will keep you entertained all season, try the Peace by Piece blanket pattern from Needle and Feather. This one is made up of two color colorwork blocks and calls for worsted weight yarn. You can choose to use just a few of the blocks and repeat them more often, or make multiples of the whole set. 

The knitted patchwork recipe from Martine Ellis (free on Ravelry) uses mitered squares in fingering weight yarn, so it’s perfect for using up all your leftover sock yarn and mini skeins. This one is a tutorial more than a pattern so you can make your blanket as big as you like or keep going until you run out of yarn. 

Susan B. Anderson’s 100 Squares blanket (find it on Ravelry) has a lot of mitered squares, too, but they’re arranged in fun ways and includes some quilt inspired designs as well. This one also is a bit of method more than pattern but it sure looks like a lot of fun for using all the leftovers. 

Of course you can totally improvise a patchwork blanket using the yarn and stitches you like, but I hope these patterns inspire you to look at your leftover yarn in a new way.