Joann Closing All Locations

Jo-Ann Fabrics

Photo: RiverNorthPhotography / iStock Unreleased / Getty Images

Fabric and craft store chain Joann is closing all of its locations.

The company made the announcement Monday.

A liquidator has agreed to buy all of Joann's assets and going-out-of-business sales will be held at stores.

This comes after Joann had announced plans earlier this month to close around 500 stores.

Joann was founded in 1943 in Ohio.


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