COLUMBUS, Ohio (WCMH) — While some Joann locations, including a central Ohio store, were initially marked safe from closures amid the company’s second bankruptcy, the fabric and craft brand has since said all stores will shutter.

One of the largest arts and crafts retailers, Joann announced on Sunday it is now conducting going-out-of-business sales at all locations nationwide. The announcement is a departure from court documents filed earlier in February that said Joann was planning to shutter 530 of its roughly 800 locations across the U.S., including more than 30 in Ohio. A previous report can be seen in the player above.

That plan would’ve left one central Ohio location in operation, a store in Heath at 789 Hebron Road. But now, a spokesperson for Joann said financial services company GA Group has been chosen as the winning bidder to acquire the retailer’s assets and plans to begin winding down all of the company’s operations.

“Joann leadership, our board, advisors and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business,” the spokesperson said. “We are committed to working constructively with the winning bidder to ensure an orderly wind down of operations that minimizes the impact on all our stakeholders.”

Joann, which is based in Hudson, Ohio, had named each store to the closure list after commencing Chapter 11 proceedings on Jan. 15 to facilitate a sale to Gordon Brothers Retail Partners, which has since fallen through. Big Lots, another Ohio-based chain, recently closed a sale agreement with Gordon Brothers, who then auctioned off the leases of more than 500 Big Lots stores.

Founded in 1943, Joann also operates 40 distribution centers. The company employs 19,000 workers, 3,400 of whom are full-time and 15,600 are part-time.

Joann previously filed for bankruptcy in March 2024, when it originally cited issues with increasing interest rates and decreasing sales after a spike in sales during the COVID-19 pandemic in 2021 and 2022. Despite attempts in June 2023 to reduce costs, the company held over $1.06 billion in funded debt at the time of filing.

The company exited its Chapter 11 bankruptcy and became a private company nearly a month later. Joann started to implement its next business plan but hit a major roadblock when it encountered inventory challenges and sluggish retail sales. Those factors resulted in major debt, which now sits at about $615 million for the company.