All 75 Joann Stores Closing In CA, Bankrupt Retailer Sold At Auction

What to know summary:

• Crafting retailer Joann first filed for Chapter 11 bankruptcy in March 2024, but continued operations after restructuring. A second bankruptcy filing was filed last month.
• The struggling retailer is now set to close all of its locations in California and nationwide.
• There are 75 stores in California.
• Previously, the company had said some stores would remain open— including 14 in California— but those are now also set to close.

Full story:

CALIFORNIA — The assets of bankrupt fabric and crafts retailer Joann Inc. have gone to the highest bidders, and the company announced over the weekend that all of its stores — including 75 in California — are closing.

A group of term loan lenders, along with GA Group, a liquidation firm backed by Los Angeles-based Oaktree Capital Management, won an auction to acquire what's left of the company.

In connection with the agreement, which is subject to bankruptcy court approval, the winning bidders plan to wind down Joann operations and conduct going-out-of-business sales at all store locations, according to a Feb. 23 announcement from the retailer.

The sale and auction process was revealed last month when Hudson, Ohio-based Joann announced it was undergoing a Chapter 11 bankruptcy restructuring process.

Boston-based Gordon Brothers Retail Partners, LLC, was initially named as the "stalking horse" bidder for Joann, but the retailer was seeking alternate offers. A stalking horse bid sets a floor to avoid subsequent lowball offers.

Prior to the weekend announcement, the company had hoped to keep a fraction of its stores open, including 14 in California.

That is now off the table.

In the Feb. 23 announcement, Joann announced that its leadership, board, advisors and legal team "made every possible effort to pursue a more favorable outcome that would keep the company in business.

"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," the announcement continued. "We deeply appreciate our dedicated Team Members, our customers and communities across the nation for their unwavering support for more than 80 years."

It's unclear how low prices will drop on Joann merchandise, such as fabric, sewing accessories, and arts and crafts offerings. The company is currently promoting steep product discounts through its e-commerce site.

In addition to last month's Chapter 11 filing, Joann also filed in March 2024 but emerged a month later as a private company and managed to keep its stores open.

Before the recent bankruptcy announcement, Joann had more than 800 stores operating across 49 states, as well as its e-commerce business. Here is the list of Joann California stores (it's unclear how many, if any, have already shuttered):

• 2115 W Commonwealth Ave, Alhambra CA, 91803
• 3010 Ming Ave, Bakersfield, CA, 93304
• 5885 Lincoln Avenue, Buena Park CA, 90620
• 2485 Notre Dame Blvd Ste 310, Chico CA, 95928
• 5545 Philadelphia St, Chino CA, 91710
• 5489 Sunrise Blvd, Citrus Heights, CA, 95610
• 1065 Herndon Ave, Clovis, CA, 93611
• 1675 B Willow Pass Road, Concord CA, 94520
• 2250 Griffin Way, Corona CA, 92879
• 245 Tamal Vista Blvd, Corte Madera CA, 94925
• 1460 N Azusa Ave, Covina, CA, 91722
• 19765 Stevens Creek Blvd, Cupertino CA, 95014
• 423 Westlake Center (Second Level), Daly City, CA, 94015
• 7177 Amador Plaza Road, Dublin CA, 94568
• 2756 Fletcher Pkwy, El Cajon, CA, 92020
• 300 El Cerrito Plz, El Cerrito CA, 94530
• 8509 Bond Road, Elk Grove, CA, 95624
• 510 Harris St, Eureka CA, 95503
• 1010 East Bidwell Street, Folsom, CA, 95630
• 26742 Portola Parkway, Foothill Ranch, CA, 92610
• 8062 N Blackstone Ave, Fresno CA, 93720
• 3300 Yorba Linda Boulevard, Fullerton, CA, 92831
• 1000 South Central Avenue, Glendale, CA, 91204
• 2981 West Florida Avenue (Unit G1), Hemet CA, 92545
• 12779 Main Street, Hesperia CA, 92340
• 9901 Adams Ave, Huntington Beach, CA, 92646
• 2170 Barranca Pkwy, Irvine CA, 92606
• 11 N State Highway 49-88, Jackson CA, 95642
• 2160 Foothill Blvd, La Canada CA, 91011
• 1320 S Beach Blvd, La Habra, CA, 90631
• 2086 Foothill Blvd Ste A, La Verne CA, 91750
• 27871 La Paz Rd, Laguna Niguel, CA, 92677
• 5255 Lakewood Blvd, Lakewood CA, 90712
• 3588 Palo Verde Ave, Long Beach, CA, 90808
• 1250 S La Cienega Blvd, Los Angeles, CA, 90035
• 2210 Daniels St, Manteca CA, 95337
• 200 Standiford Ave, Modesto, CA, 95350
• 225 Tennant Sta, Morgan Hill CA, 95037
• 1410 E Plaza Blvd Ste A, National City, CA, 91950
• 19819 Rinaldi St, Northridge CA, 91326
• 2227 S El Camino Real Ste C, Oceanside CA, 92054
• 1411 N. Tustin Streets, Orange, CA, 92867
• 2351 N Rose Ave, Oxnard CA, 93036
• 12313 Poway Rd, Poway CA, 92064
• 10930 Foothill Blvd, Rancho Cucamonga, CA, 91730
• 72765 Dinah Shore Dr, Rancho Mirage, CA, 92270
• 1175 Dana Drive, Redding, CA, 96003
• 1625 W Lugonia Avenue, Redlands, CA, 92374
• 308 Walnut St, Redwood City, CA, 94063
• 3635 Riverside Plaza Dr. Ste.240, Riverside, CA, 92506
• 425 Rohnert Park Expy W, Rohnert Park CA, 94928
• 5811 Five Star Blvd, Roseville, CA, 95678
• 3130 Arden Way, Sacramento CA, 95825
• 1425 N. Davis Road, Salinas CA, 93907
• 3633 Midway Dr, San Diego CA, 92110
• 4950 Almaden Expy #10, San Jose, CA, 95118
• 699 Lewelling Blvd Suite 230, San Leandro CA, 94579
• 177 South Las Posas Road, San Marcos CA, 92078
• 1948 S El Camino Real, San Mateo CA, 94403
• 26583 Carl Boyer Drive, Santa Clarita CA, 91350
• 1535 S Bradley Rd, Santa Maria, CA, 93454
• 3620 Industrial Dr, Santa Rosa CA, 95403
• 13730 Riverside Drive, Sherman Oaks, CA, 91423
• 2242 Tapo St, Simi Valley, CA, 93063
• 1151 Sanguinetti Road, Sonora CA, 95370
• 10916-B Trinity Parkway, Stockton CA, 95219
• 40462 Winchester Rd, Temecula CA, 92591
• 1516 N Moorpark Rd, Thousand Oaks, CA, 91360
• 21800 Hawthorne Blvd Ste 100, Torrance CA, 90503
• 2717 Countryside Drive, Turlock CA, 95380
• 2051 Harbison Dr, Vacaville CA, 95687
• 3930 S Mooney Blvd, Visalia, CA, 93277
• 375 W Main St Ste E, Woodland CA, 95695
• 22914 W Victory Blvd, Woodland Hills, CA, 91367
• 704 West Onstott Rd, Yuba City, CA, 95991