Joann is now set to close all of its store locations after previously announcing the closure of "approximately 500."

GA Group, an ‘asset disposition’ company, has emerged as the winning bidder of the beloved crafts retailer, which will wind down operations after 82 years. Fabric and craft retailer Joann Inc. is officially shutting down all of its stores following a turbulent bankruptcy process.

The Hudson, Ohio-based retailer, announced it will shut down operations at all stores after conducting going-out-of-business sales at each location.