Joann, the well-known fabric and craft retailer, is set to close all of its 800 stores across the United States after a tumultuous bankruptcy process and failure to secure a buyer. With new ownership secured through an auction, the company plans to conduct going-out-of-business sales shortly. This decision has significant implications, leaving approximately 19,000 employees without jobs. Despite their efforts, the retailer was unable to navigate the ongoing challenges in the retail sector, leading to this nationwide closure affecting all locations, including those in Colorado, Arizona, and more.