The JoAnn Fabric and Crafts store at 1709 Montgomery Highway in the Riverchase Promenade shopping center is scheduled to close by the end of May.
The closing is due to a national shutdown of all the company’s operations. The fabric and craft retailer filed for Chapter 11 bankruptcy in January for the second time in a year and auctioned off its remaining assets in February.
Online sales for the store ended March 5. The company is directing its customers to brick-and-mortar stores to dispose of its remaining inventory at discounted prices of at least 30% to 70% off regular prices. Furniture and fixtures in the store also are for sale.
