Liquidation Sales Underway At Most Chicago-Area Joann Stores

CRESTWOOD, IL — Liquidation sales have begun at most Chicago-area Joann Fabrics and Crafts stores after the retailer announced it would be closing 500 stores nationwide after filing for Chapter 11 bankruptcy for the second time in less than a year.

“Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although we regrettably will be closing some stores, we are grateful to continue our mission of inspiring creativity in our customers online and in stores across the country,” the company said on its website.

>>> Crestwood Joann Fabrics Store Slated For Closure

The Cleveland, Ohio-based company cited rising costs and dwindling demand for its financial difficulties, as more sewists, quilters, knitters and other craft enthusiasts are buying supplies online.

Chicago-area stores slated to close include locations in Arlington Heights, Orland Park, Countryside, Crestwood, Norridge, Joliet, Algonquin, Bloomingdale, Countryside, Geneva, McHenry, Niles, Naperville, Vernon Hills, Wheaton and two stores in Chicago.

Joann has indicated on its store locator the locations where liquidation sales have begun.

The fabric and crafts retailer did not divulge when it would start closing stores. Liquidation sales are likely to last for several months.