joann, a major fabric and craft supply retailer, is going out of business, closing all 800 stores after multiple bankruptcy filings and competition from online retailers.

joann is going out of business and closing all of its stores.

Interim CEO of joann commented on the decision to sell the company.

joann has lost market share to competitors like hobby lobby.

michaels is another competitor affecting joann's market share.

ga group is acquiring joann as part of its bankruptcy proceedings.