Fabric and craft retailer Joann to go out of business and close all stores
A logo sign outside of a Joann retail store is seen in Arlington Heights, Ill., Wednesday, Jan. 15, 2025. (AP Photo/Nam Y. Huh)
Fabric and crafts retailer Joann Inc., which has been a destination for generations of quilters, knitters and other lovers of crafts for more than 80 years, is going out of business and closing all stores.
Returns are no longer being accepted and gift cards will only be honored through Friday, February 28.
The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January, the second time in a year. It then vowed it would keep all of its stores open.
But earlier this month, Joann said it planned to close 500 stores, or more than half of its nationwide footprint.
Joann has six stores in Alabama, including one in Montgomery. It also has a distribution center in Opelika.
The company said on Sunday that after a recent auction, financial services company GA Group, together with Joann’s term lenders, were selected as the winning bidder to “acquire substantially all of Joann’s assets.”
(Copyright 2024 The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
