Joann closing sales in full swing at stores across America: What to know about deals and more
Everything at Joann stores, including fabric, crafts and more, must go.
More than 800 locations across the country are currently conducting going-out-of-business sales, offering customers "special prices" on all items, before completely shuttering operations.
The Hudson, Ohio-based retailer, which has been in business for over 80 years, was struggling to make a comeback after facing financial and inventory issues. The fabric and craft retailer even filed for Chapter 11 bankruptcy twice in the last year to help pay off debts.
Joann's remaining assets were put up for auction and sold to a new ownership group in late February after the second bankruptcy filing.
"JOANN has been a beloved destination for makers and craft enthusiasts for more than 80 years," Tim Shilling, president of financial firm GA Group said in a Wednesday statement. "As we begin this store closing process, our priority is to ensure an orderly wind-down of the retailer’s operations while providing customers with exceptional savings on their favorite crafting and home décor products. This sale is a great opportunity for shoppers to take advantage of these deep discounts before stores close.”
Here's everything to know about Joann's going-out-of-business sales, including how long the sales are expected to last and the deals you might find.
When are Joann stores closing?
All Joann locations −more than 700 stores across the country − are set to close this spring after conducting going-out-of-business sales at each location.
Most of the closing Joann stores are expected to remain open until the end of May, Scott Carpenter, CEO of GA Group's Retail Solutions and Wholesale & Industrial Solutions teams, recently told the Akron Beacon Journal, part of the Paste BN Network.
Joann had previously announced the closures of "approximately 500" stores before the retailer's remaining assets were auctioned off to retail liquidator GA Group and Joann's term lenders last week.
How do Joann store closures impact customers?
Customers will be able to continue to shop Joann products in-store, online, or through the Joann mobile app. All three of Joann's commerce platforms will remain open and in-operation as the company facilitates going-out-of-business sales.
Dates for store closures or changes to the website and app will be communicated as soon as possible, according to Joann. Joann stores will not accept personalized discounts, discount partnerships, or returns.
When did Joann's going-out-of-business sales start? How long will they last?
Joann's going-out-of-business sales began on Feb. 15 and are expected to continue for approximately 12 weeks, until the end of May, or until supplies last.
The fabric and craft retailer was set to begin, or "in some cases continue" clearance sales at all locations "immediately" following the court's approval of the sale transaction, which happened last week.
Only inventory that's available on-site, including yarn and home decorations, are part of the closing sales, Joann said in a news release.
All furniture, fixtures, and equipment are also available for purchase. The retailer’s intellectual property and leases will also be sold as part of this process.
Details about specific discounts, or percentages vary by location. All sales are final and limited exclusions apply.
What deals can you expect at Joann's going-out-of-business sales?
Initial discounts start up to 40% off store merchandise, Joann said in a Wednesday news release.
Base discounts range between 10-20% at various Joann stores, with some Christmas items being discounted as high as 75%, according to multiple Joann stores contacted by Paste BN last week.
Specific deals vary by location. But to give you a sense of what to expect, here are some of the discounts found at a closing Joann location in Stockton, California, according to reporting by The Stockton Record, part of the Paste BN Network:
- Holiday floral is 70% off
- Candles and accessories are 20% off
- Cotton canvas is 25% off
- Food crafting is 10% off
- Siser vinyl is 20% off
- Circuit-cutting materials are 20% off
- Licensed fabrics are 20% off
- Blizzard fleece are 30% off
- Spray paint is 10 % off
The story was updated to include new information.
Contributing: Fernando Cervantes Jr. and Jonathan Limehouse, Paste BN; Angelaydet Rocha, Stockton Record