Nationwide Major Retailer In Louisiana Will Close All Locations
(Lake Charles, Louisiana) A big national retailer with over 80 years in business will close all of its locations in Louisiana. We have all the details.
It seems another major retailer can't recover from the pandemic and has to close their doors nationwide.
JoAnn's Fabrics and Crafts announced earlier this month that they would have to close around 500 stores around the country after filing bankruptcy and that they attended to keep 300 of their stores operational.
However, they were not able to find a buyer for the company, so in a new announcement the company now says it will have to close all their locations including 7 stores in Louisiana.
A company spokesperson said they tried every avenue possible to achieve a better outcome.
The retailer's assets have been purchased by Joann's lenders and the financial services firm GA Group. Starting right now, the new owners are holding going-out-of-business specials at all of the remaining store locations. Joann's website will also be hosting sales. The company's website and app will be used to announce store closing dates, and certain sales will start right away.