The crafting store said it’s holding going-out-of-business sales at each of its locations “immediately,” extending the planned Alaska closures to Wasilla, Fairbanks and Soldotna among others nationwide.

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?

The auction results that put Joann's assets under new ownership has been approved as the retailer plans to close its more than 800 stores.