Crafts Chain Joann To Shutter All 800 Locations

NBC News reports:

Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open. In a statement, the company said it would commence nationwide going-out-of-business sales as a stipulation of the group that won its assets at auction.

Joann listed some 19,000 employees, most of them part-time, when it filed for its second Chapter 11 bankruptcy protection filing in January. The company posted an extensive FAQ on its website with details about the going-out-of-business sales, which are set to commence immediately.

Read the full article. Two weeks ago the chain appeared here when it announced the coming closure of 500 stores while it searched for a buyer.