Joann Inc. to Close All Stores
by Annie Nickoloff | Feb. 24, 2025 | 6:48 PM
Courtesy Tony Webster via Flickr
Joann Fabrics will soon be no more.
After GA Group won a bid to acquire substantially all of Joann Inc.'s assets in bankruptcy court, the Hudson-based craft store announced it would wind down and close every location — pending bankruptcy court's approval this week.
Expect going-out-of-business sales soon.
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"We are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the negative impact on all Joann Team Members, vendors, customers and communities," the company said in a statement. "Subject to court approval of the sale transaction, we expect to begin, or in some cases continue, going-out-of-business sales at all locations immediately."
Prior to announcing it would close all stores, Joann filed for bankruptcy twice, and earlier this month announced it would close 500 out of 800 shops across the country (including dozens of locations in Ohio).
Read more at joannrestructuring.com.
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Annie Nickoloff
Annie Nickoloff is the senior editor of Cleveland Magazine. She has written for a variety of publications, including The Plain Dealer, Alternative Press Magazine, Belt Magazine, USA Today and Paste Magazine. She hosts a weekly indie radio show called Sunny Day on WRUW FM 91.1 Cleveland and enjoys frequenting Cleveland's music venues, hiking trails and pinball arcades.
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