JoAnn Fabrics & Crafts
Roseville, Calif.- JOANN announced it will be winding down operations and closing all 800 locations with going-out-of-business sales at all locations. The official announcement below has been posted online.
Regional Store & Employee Impacts
Roseville, CA
5811 Five Star Blvd
Citrus Heights, CA
5489 Sunrise Blvd
Folsom, CA
1010 East Bidwell Street
Sacramento, CA
3130 Arden Way
Elk Grove, CA
8509 Bond Road
Woodland, CA
375 W Main ST Ste E
Yuba City, CA
704 West Onstott Rd
Announcement
“Following a comprehensive sale process and auction, GA Group together with the Prepetition Term Loan Agent, was selected as having the winning bid to acquire substantially all of JOANN’s assets. Subject to court approval of the transaction, the winning bidders plan to wind-down ongoing operations and conduct going-out-of-business sales at all JOANN locations.”
“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. 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.”
“Customers will have the opportunity to purchase our assortment at special prices during the going-out-of-business sales and can continue to shop at JOANN stores, JOANN.com, or on the JOANN mobile app.”
5811 Five Star Blvd.
Roseville, Calif. 95678
(916) 781-7270
Fabrics & Crafts
