Joann closing all remaining 440+ stores by May 31. See the list.
All Joann stores will be closed for business permanently by May 31, bringing an end to business after more than 80 years for the fabric and craft retailer.
Joann shuttered 255 locations in April, months after filing for Chapter 11 bankruptcy for the second time within a year. Since filing for bankruptcy, the company has held going-out-of-business sales at the locations.
At those sales, prices are marked down 70% to 90%, according to Joann.com. (Note: sales on the online site have ended.) Stores are also selling the furniture, shelves and equipment, according to the site.
The more than 440 stores that remain will be closed by May 31, according Jo Anne McCusker, a spokesperson for GA Group, the retail liquidator that won all of Joann's chain's assets through auction in February.
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The Hudson, Ohio-based retailer, which has been in business since 1943, filed for Chapter 11 bankruptcy for the second time within a year and auctioned its remaining assets. On Feb. 22, retail liquidator GA Group and Joann's term lenders won the bidding for the company. An announcement that all Joann stores would close came days later, after the company initially announced the closures of "approximately 500" of its more than 800 locations across the U.S.
GA Group has previously worked with Joann in buying House of Fabrics, a former competitor, in the late 1990s and helping increase the retailer's store footprints from 2006 to 2016, Scott Carpenter, CEO of GA Group's Retail Solutions, previously told the USA TODAY Network.
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Contributing: Fernando Cervantes Jr., Maria Francis, Gabe Hauari, Jonathan Limehouse, Anthony Robledo, Jim Sergent, and Mary Walrath-Holdridge.
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