‘For Lease‘ signs will soon pop up in Lincoln’s East Park Plaza, as the craft and fabric retailer Joann’s announced Monday they would be closing all their stores nationwide as a part of their most recent bankruptcy filing.
Lincoln’s sole location near 66th and O Street will shutter it’s doors — alas — as it previously survived the chain’s most recent bloodletting which saw 500 of it’s 800 locations closed.
KLIN News attempted to reach the store by phone, and received this automated message:
“…this is a very difficult time given the impact it will have on our beloved team members, customers and communities. Our stores remain open nationwide and any final store closing dates related to the bankruptcy have not been established. Some of our locations have begun liquidation sales and will remain open with unique deals over the coming months. You can also shop our full product offering and reach our customer care team from wherever you are using the Joann app or joann.com.”
An official statement from the company reveled the winning bidder to acquire all assets to be GA Group.
“In connection with this agreement, subject to Bankruptcy Court approval of the transaction, the winning bidders plan to begin winding down the Company’s operations and conduct going-out-of-business sales at all store locations,” the statement read. “JOANN leadership, our Board, advisors and legal partners 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 textile giant was in business for more than 80 years.
When the Lincoln location will hold a liquidation sale is unclear, as is it’s imminent closing date.