Optimistic take:
Big box stores closing opens a gap for local stores to fill.
We all know what will happen, as has happened over and over. Amazon or walmart distribution or fleet service location, OR cleared to make way for a hastily/shoddily put up "luxury apartment complex" made of plastic and plastic+.
It's not a business model that can justify a cross national big-box store chain, but it can absolutely support local businesses who can better manage margins.
And this was a major reason why Joann's (and similar big boxes like Toys-r-Us or Borders) couldn't compete.
Guessing too prices for fabric, etc. will be higher.
I also noticed that lots of online stores have minimum order quantities.