Joann Fabrics & Crafts has announced it is closing 500 of its 800 stores, including its locations at 2A Bureau Dr in Gaithersburg and 11160 Veirs Mill Rd Unit 180 in Wheaton. Additional Maryland locations closing include Bel Air, Brandywine, California, Columbia, Hagerstown, Frederick, Lavale, Parkville, and Prince Frederick. Click here for the full list of store closures.
According to CBS News, going-out-of-business sales are expected to start this Saturday and could continue for several months. Gift cards are still being accepted for in-store purchases, but not online shopping.
In January, Joann filed for voluntary Chapter 11 bankruptcy to facilitate a sale process aimed at maximizing the value of its business, with Gordon Brothers serving as the “stalking horse” bidder.
According to Joann, “Since 1943, we’ve grown from a favorite fabric destination to your one-stop shop for sewing, knitting, crocheting, crafting & decorating your home for every season! JOANN operates approximately 850 stores in 49 states.”