In a shocking turn of events, it has been announced that all Joann store locations are set to close their doors permanently. This devastating news comes after a new ownership group won the bid to acquire the struggling craft retailer.

Just weeks ago, Joann had revealed plans to close approximately 500 of its locations, citing financial difficulties and a decline in sales. However, it appears that the situation has taken a drastic turn for the worse, with the entire chain now facing closure.

The news is a crushing blow to the thousands of employees who will lose their jobs as a result of the closures. Many customers are also mourning the loss of their beloved craft store, which has been a staple in many communities for decades.

The new ownership group has not released a statement on their plans for the company, but it is clear that drastic measures are being taken to address the financial struggles that Joann has been facing. The closure of all store locations is a drastic step, but it may be the only way to salvage what is left of the company.

As the news spreads, customers are flocking to social media to express their sadness and disappointment. Many are sharing memories of shopping at Joann and are lamenting the loss of a store that has been a part of their lives for so long.

The closure of Joann’s stores will also have a significant impact on the craft industry as a whole. The retailer has long been a major player in the market, and its absence will be deeply felt by suppliers and competitors alike.

As the situation continues to unfold, one thing is clear: the closure of all Joann store locations marks the end of an era for craft enthusiasts and shoppers across the country.