Joann

Joann, the major national retailer of fabric and craft supplies, is going out of business and closing all of its roughly 800 stores. What does that mean for professionals who relied on the chain?

Following the company's acquisition at a bankruptcy auction on Saturday, the nationwide craft and fabric retailed announced Monday it would close all of its remaining stores.

Joann expects to receive $132 million in new financing as part of the bankruptcy agreement. The Ohio-based company will also be delisted from the Nasdaq stock exchange.

Hudson-based Joann sent a message to customers this week warning them that the craft store’s products -- including candle holders and glass beads -- may be affected by the Trump administration’s