Latest news with #JoannStores
Yahoo
24-05-2025
- Business
- Yahoo
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 (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. Gas deal: Circle K offering 40 cents off gallons before Memorial Day weekend 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. What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day Contributing: Fernando Cervantes Jr., Maria Francis, Gabe Hauari, Jonathan Limehouse, Anthony Robledo, Jim Sergent, and Mary Walrath-Holdridge. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ This article originally appeared on USA TODAY: All Joann stores closing by May 31: List of closing locations Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Joann to close all remaining stores in May after shuttering 255 in April. What to know.
One-third of all Joann stores closed for business permanently in April, and now the rest are set to follow suit in May. The fabric and craft retailer announced plans to close every store in February after filing for Chapter 11 bankruptcy for the second time within a year and selling its assets. Since then the company has gradually rolled out going-out-of-business sales, with 112 stores closing on April 28. A total of 255 locations shuttered in April, 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. The retailer has not announced the remaining locations closing soon but McCusker confirmed the majority of closures will happen in May. Here's what to know. The closure of every Joann's store comes after the Hudson, Ohio-based retailer 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. Joann announced the closure of more than 500 stores in February though the dates of each closure have varied per location. A total of 255 locations closures occurred in April and the remaining ones are set for May. Scott Carpenter, CEO of GA Group's Retail Solutions, said GA Group has a decades-long history with Joann. Their past work includes assisting Joann in buying former competitor, House of Fabrics, in the late 1990s and helping increase the retailer's store footprints from 2006 to 2016. Carpenter said the new ownership group is planning to roll out a "multimillion-dollar retention plan" for Joann's around 19,000 employees that includes organizing job fairs and granting workers time off so they can interview for other jobs. USA TODAY is waiting to hear back from Joann about which locations are closing in May. Contributing: Gabe Hauari, Mike Snider, Fernando Cervantes Jr., Mary Walrath-Holdridge, Maria Francis and Jim Sergent This article originally appeared on USA TODAY: Joann to close all remaining stores in May after shuttering over 250
Yahoo
22-05-2025
- Business
- Yahoo
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 (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. Gas deal: Circle K offering 40 cents off gallons before Memorial Day weekend 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. What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day Contributing: Fernando Cervantes Jr., Maria Francis, Gabe Hauari, Jonathan Limehouse, Anthony Robledo, Jim Sergent, and Mary Walrath-Holdridge. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ This article originally appeared on USA TODAY: All Joann stores closing by May 31: List of closing locations Sign in to access your portfolio
