Retail chain Joann is shutting down all of its fabric stores — including several Sacramento-area locations — after filing for Chapter 11 bankruptcy and being sold to a new ownership group.
Following an auction, financial services company GA Group and Joann’s term lenders were selected as the winning bidders to “acquire substantially all of Joann’s assets,” Joann announced Sunday in a news release.
“The winning bidders plan to wind-down ongoing operations and conduct going-out-of-business sales at all Joann locations,” the company said.
The shutdowns are expected to “immediately,” Joann said.
Here’s what you need to know:
Joann Fabric and Crafts was founded in Hudson, Ohio, in 1943, according to the company’s website.
The retail chain advertises itself as “your one-stop shop for sewing, knitting, crocheting, crafting and decorating your home for every season.”
Joann operates approximately 850 stores in a total of 49 states.
The company previously announced that it would close approximately 500 stores across the nation,
“The last several years have presented significant and lasting challenges in the retail environment, which, coupled with our current financial position and constrained inventory levels, forced us to take this step,” Joann interim CEO Michael Prendergast said in a Jan. 15 release.
In total, there are seven Joann stores in the Sacramento region.
All stores in the Sacramento area will be shutting their doors, according to Joann.
Here’s where the closing stores are located:
Citrus Heights: 5489 Sunrise Blvd.
Folsom: 1010 East Bidwell St.
Elk Grove: 8509 Bond Road
Roseville: 5811 Five Star Blvd.
Sacramento: 3130 Arden Way
Vacaville: 2051 Harbison Drive
Woodland: 375 W. Main St., Suite E
“Some of our locations have begun liquidation sales and will remain open with unique deals over the coming months,” the company said in an automated voice message.
As of Monday, Joann had not released a timeline indicating when its Sacramento-area locations will close.
“Our stores remain open nationwide,” the company said in its automated voice message. “Any final store closing dates related to the bankruptcy have not been established.”
Customers will have the opportunity to purchase items at “special prices” during the going-out-of-business sales, the company said on its webssite.
Shoppers can find deals in person at Joann stores, online at Joann.com or via the Joann mobile app.
Discounts on in-store items range between 20% to 40% off and can change daily or weekly, a Joann employee told The Sacramento Bee.
The company’s online store offers up to 20% off storage items, 25% off yarn and 40% off fabric and sewing supplies.
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This story was originally published February 25, 2025 at 8:26 AM.