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All JOANN stores to close, pending approval of weekend auction

  • Joann Fabrics is going out of business and closing all of its stores nationwide, according to reports.
  • In January, Joann Fabrics filed for bankruptcy for the second time in a year before the closure announcement.
  • The GA Group won an auction to purchase Joann Fabrics and plans to close all stores, as noted by Bloomberg.
  • Most Joann stores will remain open until the end of May with products discounted for going-out-of-business sales, reported by Biz Journals.
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Krem2 News broke the news in Spokane, United States on Monday, February 24, 2025.
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