Joann to close all stores after company was purchased in bankruptcy

COLUMBIA, Mo. (KMIZ)

Crafts retailer Joann will close all its stores and hold liquidation sales.

The company released a list of stores that would close two weeks ago, including the Jefferson City location. Since then, GA Group bought the company at auction and has decided to close down all stores, according to a customer FAQ posted by Joann.

The Joann website on Monday showed the Jefferson City store was liquidating its inventory. The Columbia location was not listed as having a going-out-of-business sale.

The FAQ says the new owners expect to continue liquidation sales where they're already happening and begin them at other locations immediately.

A judge is expected to sign off on the auction result this week.

Joann said earlier this month before the auction that it would close 500 of its approximately 800 stores, including the Jefferson City location. The company filed for Chapter 11 bankruptcy in January.