The Joann Fabrics store in Bloomington will be closing along with half of the chain’s other locations across the United States, the company announced Wednesday. In total, 533 locations are closing.
An auction conducted Friday and Saturday has produced a buyer for the JoAnn Fabrics craft retail stories, including that in Regency Mall in White Township.
An announcement on the company's website says that it is in the process of selling and that "subject to court approval of the transaction," its new owners would "wind down ongoing operations" and have going-out-of-business sales at all of its stores.