Fabric and crafts retailer Joann said Monday its has filed bankruptcy protection, amid Americans cutting back in a tight economy and pandemic-era hobbies.

The Ohio-based company is filing for Chapter 11 bankruptcy, which will allow it to become privately owned, likely by lenders and and industry parties, according to the Associated Press.

The chain’s website and roughly 800 retail stores will continue to operate as usual during the bankruptcy process.

A company executive said the filing will help address the company’s capital structure needs and that Joann remains committed to operating as usual to “best serve our millions of customers nationwide.”